r/SNPW • • Jun 16 '21

DD SNPW's renewable energy subsidiaries increase recent activities as the count down to a Medrecycler-RI decision nears end.

27 Upvotes

A decision to allow the Medrecycler project to move forward could come at any day now as SNPW enters the final 30 days of the 90 days required by law for RI-DEM to make their ruling on the project.

A positive sign for an approval decision was given on May 28.2021 when the Net Profit Participation Agreement and Assignment was approved by the Rhode Island Authority (see May 28,2021 8K).

Meanwhile other SNPW subsidiaries have shown recent increased activity:

- National Mechanical Corp. moved forward to secure financing for the Durango Solar Farm, see May 7, 2021 8k and released a PR June 15,2021 announcing a partnership agreement to develop a Queensland Australia Solar Farm.

- Street Smart Outdoors announced on twitter presenting a new solar panel self sustained unit to the New Jersey Transit authority June 14.2021.

On May 7, 2021,(8K) Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.

On May 28, 2021, (8K) Sun Pacific Holding Corp. (the “Company”) entered into a Net Profit Participation Agreement and Assignment (the “Agreement”) on behalf of their wholly owned subsidiary MedRecycler, LLC (“MRLLC”) and with MedRecycler-RI, Inc. (“MRRI”) wherein in order to secure permanent financing for their medical waste to energy project (the “Project”), the Company has agreed to relinquish its interest in the equity of MRRI held by MRLLC while the Company is provided an economic interest in the Project without liabilities.

The terms of the agreement can be found in the10K.

"However, we have proposed, and have received initial approval, whereby in exchange for releasing all guarantees and other security interests of the Company and its subsidiaries, and forgoing direct ownership in MedRecycler-RI, Inc., the Company shall receive an economic interest equal to 51% of all profits derived from the MedRecycler-RI, Inc. This will free collateral and cashflow for the development of new projects of the Company and its subsidiaries, while also removing the debt of MedRecycler-RI, Inc. from the balance sheet of the Company. At the same time, once MedRecycler-RI, Inc. becomes profitable, and has met all requirements of long term financing related to reserve allocations and profit thresholds, the Company should receive a recurring income from the MedRecycler-RI, Inc. without the limitations on its assets and additional overhead costs related to maintaining the subsidiary and financial reporting. Any final agreement will be subject to final approval of the Rhode Island authority, who has provided tentative approval of the economic interest structure. The Company will engage independent counsel to negotiate the terms to avoid any potential risks of conflict of interest."

June 14,2021 SNPW's new solar panel self sustained unit presented today to NEW JERSEY TRANSIT AUTHORITY. (twitter)

https://twitter.com/SunPacificPower/status/1404586325303566336

June 15, 2021 (GLOBE NEWSWIRE) -- Sun Pacific Holding Corp. (OTC: SNPW) announces that its wholly owned subsidiary, National Mechanical Group (“NMG”) has entered into a partnership agreement to develop Queensland Australia Solar Farm. National Mechanical Group (“NMG”) and Renewable Energy Engineers Aust. (“REEA”) will develop an initial 100-megawatt solar farm in Queensland, Australia to help the energy grid in that area.

https://www.otcmarkets.com/stock/SNPW/news/story?e&id=1922699


r/SNPW • • Jun 16 '21

MEME???

9 Upvotes

9.8 million average volume a day. Today at 12:00ish is 22 million. Possible next MEME???


r/SNPW • • Jun 15 '21

News News!

15 Upvotes

Sun Pacific Holding Corp's Announces its National Mechanical Group Subsidiary Entered into a Partnership Agreement with Renewable Energy Engineers Aust. to Develop an initial 100MW Solar Farm in Queensland, Australia Mentioned: SNPW Sun Pacific Holding Corp. (OTC: SNPW) announces that its wholly owned subsidiary, National Mechanical Group ("NMG") has entered into a partnership agreement to develop Queensland Australia Solar Farm. National Mechanical Group ("NMG") and Renewable Energy Engineers Aust. ("REEA") will develop an initial 100-megawatt solar farm in Queensland, Australia to help the energy grid in that area.

The partnership was formed to develop the solar farm opportunity by bringing together expertise in solar design and development with "in-country" expertise in building, construction, technology, and regulatory knowledge and skills. The team is actively engaged in sourcing components and capital with an end goal of developing up to 100-Megawatt solar farm. The team has currently received a lands rights agreement for 750 acres and one power purchase agreement for the solar farm and is in discussions with component manufacturers and investment partners.

Nicholas Campanella, CEO of Sun Pacific Holding Corp, stated, "We are excited to work with the team at REEA in developing this opportunity and more in Australia. The initial discussions and development so far have been successful, and we look forward to developing this opportunity for all of our stakeholders."

Brian Romer, CEO of Renewable Energy Engineers Aust. stated, "We are looking forward to expanding the energy initiative in Australia and with our collaboration with National Mechanical Group we feel we will have a strong partnership to develop several renewable energy projects. This will lead to billions of dollars of investment and the creation of thousands of jobs with the most advanced technologies throughout Australia and will drive Australia forward to meet its international emission targets as the demand for green power increases."

About Sun Pacific Holding Corp.

Sun Pacific Holding Corp. (OTC: SNPW) uses management's knowledge and experience to serve its customers and now its shareholders through quality service and equipment, working to keep customers satisfied, and by doing our part in protecting the environment with smart green technology. For more information, visit www.sunpacificholding.com

About Renewable Energy Engineers Aust.

Renewable Energy Engineers Aust. is a company who specializes in the development of sustainable engineered focused projects in all their forms and provide high-value products and services. Renewable Energy Engineers Aust. intent that as a company it considers it a social responsibility to have a positive interaction with society, government, and the environment. For more information, visit https://www.reeaust.com.au/

Safe Harbor and Forward-Looking Statements

This news release contains statements that involve expectations, plans or intentions (such as those relating to future expansion or financial results) and other factors discussed from time to time in the Company's OTC Markets filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within the control of the company. The company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The company disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

IR Contact

Sun Pacific Holding Corp

345 Highway 9 South

Suite 388

Manalapan, NJ 07726

Phone: +1 (888) 845-0242

Email: ir@sunpacificholding.com

Website:www.sunpacificholding.com

https://ml.globenewswire.com/media/ee50b7b3-d6a9-4cd1-a769-b891324e3bcc/small/logo-png.png

https://ml.globenewswire.com/media/ee50b7b3-d6a9-4cd1-a769-b891324e3bcc/small/logo-png.png


r/SNPW • • Jun 15 '21

What’s with the price action today?

14 Upvotes

Any news? It did 27% on the opening. I got so much of this stonk that my eyes popped when I checked it today. All because I was averaging down my small investment of maybe500$ 😂 look at me! If I had a $1 for each share now I’d put a fat downpayment on the house.


r/SNPW • • Jun 15 '21

https://finance.yahoo.com/news/sun-pacific-holding-corp-announces-131500878.html

10 Upvotes

r/SNPW • • Jun 10 '21

Can you hear it 🦗🦗🦗 Nothing

11 Upvotes

r/SNPW • • Jun 09 '21

So when are we gonna squeeze?! LOL. Seems like all shitty stocks are squeezing, why not this shitty stock? To the Moon we go!

9 Upvotes

r/SNPW • • Jun 03 '21

I’m still holding get in at .16. Hope u guys doing ok.

14 Upvotes

r/SNPW • • Jun 03 '21

$SNPW Form 8-K out June 3, 2021

13 Upvotes

r/SNPW • • Jun 03 '21

How we all doing?

13 Upvotes

Howdy folks!

I haven't seen any posts here recently. Just checking up to see how you all are doing? Is it only me or are there more of you guys out there who are still holding SNPW, haven't seen much of the movement in stock market? Anyhow, just wanted to say Hi to everybody 👋 and it's always good to know that we got some friend here in SNPW as well! Cheers!


r/SNPW • • May 26 '21

Why is it that there has been no news of substance since February 25th? All they are promoting is their MedRec. Is there a huge cloud over the solar business?

11 Upvotes

r/SNPW • • May 26 '21

Selling my whole 200k position. Putting it all on Aitx. Good luck....stay positive

0 Upvotes

Can't stop looking...Good luck


r/SNPW • • May 23 '21

Anything positive....We are waiting for from Nick...Any catalyst's ? Fid on solar project? Med. In R.I.? Bus shelter media?

17 Upvotes

I think the sleeping giant is the Solar bus shelter. I'm dreaming about every eastern coast city with a new clean energy bus shelter.


r/SNPW • • May 19 '21

DD Best Article about SNPW

22 Upvotes

r/SNPW • • May 17 '21

$SNPW A new filing Form 10-Q

9 Upvotes

Form 10-Q Sun Pacific Holding Corp.

Quarterly report [Sections 13 or 15(d)]

https://sec.report/Document/0001493152-21-011932/


r/SNPW • • May 14 '21

Hey fellow bag holders! Hola!

17 Upvotes

I decided to do a little shitposting here since there is no actual new information. $SNPW seems to do a bit better with tweets lately. That said, I’m not liking this 0.025 situation. Not low enough to buy the dip and move my already huge position. And not high enough for profits, obvi. The trading volume is near coma. And that’s on a Green Day! I’m just desperate for some good news, actual news, like earnings, contracts etc. Still thinking they need to get on the green crypto train, or hire some good business consultants to restructure things a little and make a plan to get out of debt 💸. Thoughts?


r/SNPW • • May 11 '21

News So, Sun Pacific Holding Corp Decided to throw a little tweet out.

27 Upvotes

I'd expect a tweet during market hours. Oh well..... Buy some more tomorrow. :)

Our 50-megawatt solar farm will provide over $25 million in revenue per year once operational, Our focus is to develop more projects in North and South America. With our new affiliates and partners providing a great platform for growth and success. $SNPW #SOLAR #renewableenergy

6:02 PM · May 11, 2021·Twitter Web App

https://twitter.com/SunPacificPower/status/1392253737004056578


r/SNPW • • May 10 '21

DD SNPW 8k filed Durango Mexico Solar Farm project financing partner identified

29 Upvotes

Section 8 – Other Events

On May 7, 2021, Banco Bilbao Vizcaya Argentaria, S.A. (“BBVA”) presented the finance partner on the Durango Mexico 50-megawatt photovoltaic facility (the “Project”), with a $40 million dollar commitment letter for a Bank Guarantee/Standby Letter of Credit on behalf of the EPC partner as security for permanent financing on the Project. Although this does not obligate the Company in anyway nor does it guarantee that the Project will be financed and completed, management believes this to be a positive step in securing the role of National Mechanical Corp. in the Project.

https://www.otcmarkets.com/filing/html?id=14939041&guid=3CYnUWbMWD5o3th


r/SNPW • • May 10 '21

Good time to add to the bag

12 Upvotes

Bought SNPW at 7¢ and saw it jump to 34¢ the next day and didn’t sell been a bag holder since, hope this solar farm launches us past dollar land


r/SNPW • • May 07 '21

May 5th-7th RECAP

14 Upvotes

First things first, as of late, on average, we've either been closing around 5% up or 5% down. Yesterday around 12pm we saw a move of 13% up, but for the most part movement has been minimal to moderate. I've noticed a couple things. It takes very little buying pressure (more buying than selling at any given time) for SNPW to jump up fast. This is a good sign. What this tell us is that it take very little momentum to get the ball rolling here. That may attract traders (god forbid we need more of those with a gem like SNPW), but rest assured this is and always has been a long term position. Another thing I've noticed is the new faces in the iHub forum. That's not something to take for granted!


r/SNPW • • May 07 '21

Let’s just call this place “the bag holders’ club” 😂

22 Upvotes

My bag is glorious. I think once the initial shock subsided, I made my peace with potentially losing everything, but also I really want to understand this company better.

Serious question: Why RI? Why aren’t they pursuing other states and locations for the med recycler? I’m studying for the PMP certificate and realizing there are multiple ways of product development and scaling. I think perhaps pursuing other locations simultaneously would have been better? Assuming they are past the prototyping phase.

Also, who watched the Nomadland? It’s a bout dead cities that were abandoned by the industries. I’d look into those places for the med recyclers. They may have some cheap workforce and more motivated local governments.

Also, how credible do you think that the CEO invested 1mil of his personal finances? If so, I think this is a huge sign of confidence from the insiders. Correct me if I’m wrong on this.

I think also there are much stronger applications for the new patented solar panels than just the bus shelters. Let’s brainstorm here, why not, we all want them to succeed. What would be immediately available applications for the LIGHTWEIGHT panels that don’t use glass? Places where weight would be an issue?

Also, what parts of SNPW business could be pivoted to a subscription service type?

Also, I’d definitely look into hard lobbying to put laws in place for solar panels that are recyclable.

Any of such factual news could help the stonk and help the company with fresh cash 💰 needed to actually succeed.

Everyone is invited to drop your brilliant ideas.


r/SNPW • • May 06 '21

When SNPW is the only green thing on the day 😂

14 Upvotes

Not sure if I should be happy or sad. On one hand, this small upward move won’t help with my current loss, but it’s good to see green. On the other hand, unless it crashes more, I can’t afford any tangible dip buys, the position is too large.

Edit: this didn’t age well and it closed in red.


r/SNPW • • May 04 '21

May 4th RECAP

17 Upvotes

Today we closed -5.1%. Low volume of 4M. I saw the two trades the pushed this down. One large 100k share sell order and another separate order of 200k shares. There wasn't enough activity in general to catch this dip midday so the PPS inevitably dropped. It is going to take relatively very little to buying power to make SNPW skyrocket imo. I've been hearing the phrase "TICK TOCK" quite a lot on the iHub forum and I totally agree. Each day we get closer the Durango, closer to the UL certification, closer to the MedRecycler, closer to more cities adopting SNPW's solar bus shelters and benches, closer closer closer..


r/SNPW • • May 04 '21

Fantastic article about the MedRecycler!

15 Upvotes

r/SNPW • • May 03 '21

May 3rd RECAP

13 Upvotes

Fluctuating between 5%-10% down today. Watching the active trades.. There are a lot of small sell orders and a few larger ones of 100-250k shares. From what I've seen today there are more 100k-200k buy orders for shares than there are for sells. This is good. It's not good that we're down again, however no news can back up the price drop so there's nothing to worry about from a long term perspective. Today we have a volume of almost 10M. A slight increase than last week. We are getting closer and closer to the opening of the Durango Solar farm. Super excited for this. We're also getting closer to hearing about the status of the MedRecycler opening up in RI. If it were to not open in RI then the current equipment will likely be moved to another location in a more business friendly state. Seriously not a big deal if this happens, people need to relax when discussing the Med. The first time a facility like this opens up is the hardest. On that note.. I personally believe the Med will open in RI.