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Already stickied the new one, Q.
Haven't verified it, but that's why I earmarked it. UF
Finished cleaning up and updating the iBox as we move closer to takeoff. GLTA UF
And most of the notes they have on the books will never see the light of day IMHO. Major traditional financing package to come once the smoke clears from the consolidation. UF
Try again. I'm sure you can figure it out on your own...
Yes they do.
If they sell any of those, you'll see the O/S start to increase in the legal filings. Until then, they're reporting 4,031,771 O/S. UF
They're already at 22K sq ft.
The dividend WILL come as it's how they get paid.
8M Market Cap. 8M Market Cap!! Who cares about someone's individual interpretation of mostly things that happened before this company found its footing and got on the right track. I'd let the latest company activity dictate an opinion about this stock and from what I've seen, they've been nothing but up front and timely with everything they've shared with us starting back in July and they seem to be totally focused on the grow, so good luck with all that. UF
Did some cleanup on the iBox above. Will continue to work on it some more this evening. We're close folks. GLTA UF
On an 8M market cap currently? I'm sure everyone's sooooooooo disappointed that it's gotten so high compared to other cannabis plays. LOL
Normal Joe's will then lose an opportunity if they don't have the wherewithal to go and do just 2 minutes of due diligence. The O/S is 4,031,771...period.
You've got the same email address I do. Reach out and ask them on any concerns. I don't know the answer on either of those questions. UF
Done, son! It's a nice addition. Check it out. UF
We typically go by formal filings here, not by opinions. Outstanding shares per filings: 4,031,771 GLTY UF
That would be nice. UF
PLEEEEEEAAAAASSSSE stop hyperventilating over this issue. I'm sure their new Preferred A shares filing will be out in the next couple days. They're an OTCQB company. I'm 99.99% sure they know what they're doing. UF
Yeah, why don't you go ahead and file that... LOL
Just an old fart with a lot of time on my hands. I believe that everything relevant that the company has put out should all be in the iBox. If we're missing anything, let us know. UF
I give up, dude. We don't know that it hasn't already been done. Let them do them...
You got to give them at least a couple days, man.
The first link above shows them cancelling their common on Friday.
The second link (Colorado) above shows them setting up the 4.6M A Preferred with a 36 month restriction from the day it converts, which is even better than the original 36 mo lockup agreement, which took place on Sunday.
The next step is for them to actually issue those shares to themselves which based on the pace at which they cancelled common and set up the A Preferred should be soon enough. UF
The links are in the iBox right below the statement about Shares Outstanding...
46 New Followers Over The Weekend. Welcome to all!! UF
Which means even if they do convert them back to common shares say a year from now, they're still restricted for another 3 years!!
"However, any common stock received as part of the conversion shall be restricted for 36 months from the date of conversion,"
There are 100 or more posts today talking like the company does all their decision making as rubes and all their filings are done on the back of a napkin. LOL. The company is OTCQB status, not Pinksheet. I think they're fully capable without our armchair advice. UF
Why "No Voting Rights" is a non issue. Here's a notice of a meeting being held soon by a similar company.
Stockholders Entitled to Vote
Stockholders of record of the Company at the close of business on August 10, 2017 (the "Record Date") will be entitled to vote at the Annual Meeting. On that date, 644,764,482 shares of common stock, par value $0.001 per share, of the Company (the "Common Stock") were outstanding and entitled to vote. Also on that date, 100 shares of Series A preferred stock, par value $0.001 per share (the "Series A Preferred Stock") and 33,046,112 shares of Series B preferred stock, par value $0.001 per share (the "Series B Preferred Stock"), of the Company (collectively, the "Preferred Stock") were outstanding and entitled to vote.
Why do you insist they'll 1. Not have preferred already set at 10/1 or 100/1 for a quick conversion? and 2. Why do you keep saying they'll lose voting rights? There's plenty of companies out there where neither of those issues would be a concern so why SIGO?
Only via email and I don't know the answer to that question.
Or to dispel any doubt, perhaps lower it even further. UF
Not going to revise, but I'll tell you what. I'll take it down, but the minute they do an 8K or PR on the share conversion, it goes right back up. GLTY UF
OK, Greens. The current share count is 50,031,771 PENDING a conversion of 46M of those shares to preferred status as announced Friday afternoon, so technically you're right.
We don't know the conversion rate for preferred, but if it's 10/1 or higher, this can be done within weeks if not days. UF
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12242351
Love it, Smart Money!
SIGO Comparison To Another Cannabis Company...which shall remain nameless...
See details below the chart...
There’s a publicly traded cannabis company that’s more diversified than SIGO that is the current long term darling of cannabis traders everywhere. It’s been around awhile and has over 1300 followers compared to our 170+. Just thought it would be interesting to do a comparison of one of the more recognized and established cannabis companies vs Sunset Island Group so here goes…
1. Notice that this company has 645M shares outstanding vs 4M for SIGO.
2. Now let’s talk market cap… $159.7M vs $6.6M for SIGO.
3. Project out SIGO over 12 months based on their first harvest and you get $7.3M in revenue based on the current 22K square feet of grow space.
5. Comparing apples to apples, in the next few lines of the spreadsheet, if you’re going to project SIGO out based on their new minimum of 152K square feet, you also have to allow an aggressive possibility for the other company so we bumped it up by a hefty 50% increase. In this scenario, the other company does $44M and SIGO does $30.4M.
6. If you carry that out further and go with their possible 230K square feet and then completely double the projected revenue of the other company, you end up with $58.6M for one and $46M for SIGO.
7. Now maybe this company will double their sales, but they are a diversified behemoth and that’s a heavy lift, but let’s go with it anyway. What makes SIGO seem more likely to move more aggressively with revenue growth is the focus on one business model, one product and one that is easier to ramp up.
8. Either way, being fair to the other company by bumping their revenue projections up 100%, take a look at the revenue generated PER share. For one it’s 9 cents; for SIGO it’s $11.41 per share!!!!
9. One company is growing via convertible debt and has $6M still on the books; the other has ZERO convertible debt.
10. One company pays out what looks to be $683K per year in officer salaries, SIGO pays ZERO in officer salaries and instead pays officers via a monthly dividend that all shareholders receive.
11. One has a reverse split planned, the other… no chance.
9 cents in projected revenue per share only after you DOUBLE the other company’s revenue vs $11.41 in projected revenue per share based on SIGO’s high end projection of square footage is enough for me to believe that we have a lot of room to grow in PPS. GLTA UF
Check the updates in the iBox. I prefer to go strictly by what the company is telling us and it's all updated above. Thanks. UF
6 New Followers just in the last hour! Welcome to all! UF
Dude, the fact that they locked them up for three years or at least planned on doing so speaks volumes for this company. They would not have been able to sell them anyway. This just cements the fact that they're a stand up company. UF
Cross trades and bundles starting to show up on L2. Get ready for Boom Town!
$6.54 current value and people are selling? Just wait til Monday after we get the word out... UF