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Thank you Guidelines. Just picked up 2M shares. Spoke with a trusted CEO from another company who said these are friends of his and not to worry about the broken English and that the document was legit and that he feels the short term target is 7 cents. That's enough for me to start accumulating. He's a top notch operator and has never steered me wrong. UF
Like I said, the only downward pressure is us. If you take those who think they can mess it up for the rest of us (with their 27K shares) out of the equation, the trajectory gets a lot clearer. GLTA UF
Just took out the sh*thead with the 27K shares. Headed to my meetings now. Happy trading! UF
In meetings the rest of the day. Wishing you all the best. UF
That document is full of misspellings, run on sentences, poor punctuation, etc. Does that not concern anyone?
The dividend payout is irrelevant. What matters is that they're doing the dividend in the first place in lieu of salary. That is a massive indication to me anyway that this company truly does have the best interest of shareholders in mind among the other various steps they've taken for this project to be successful. UF
What makes this stock unique is the fact that only 4M shares are in the float, some of those may still be in cert form and it was obvious when we were trading in the .20-.50 range that there was little to no resistance, so if we do in fact have a red day, it will be because "we" or at least a few individuals are impatient.
If on the other hand it continues green, it will be because the company has telegraphed loud and clear where this is heading... somewhere in the $4.60 range based on THEIR minimum square footage commitment of 66K square feet, THEIR projection of $200 per square foot annually and their suggestion on expected operating expenses.
It's really up to us where this goes at this point. Charts, indicators and measurements are out the window at least in the short term. UF
While it's obvious that you are a legal scholar with vast knowledge on the subject, we're going to just trust that the company has done its own due diligence. But thanks anyway. UF
130 Followers, up from 61 in mid July...that's strong, Mrs. Gump. Strong as I've ever seen. UF
Yep. You're right. It's all good. UF
If we see similar volume tomorrow, we go to a dollar. There is no resistance. The only resistance is us...period. Collectively, we determine tomorrow whether we let 'er run or play games. I for one would like to see how far she can go without nickel and diming it to death. What say you? At any rate, another great day for SIGO. UF
They announced in their PR yesterday that they are committed to a minimum of 66K square feet of grow space. If you plug that into the spreadsheet above you get $4.60 per share. UF
iBox updated to reflect the latest series of press releases. Once you've accumulated the shares you plan to hold, don't forget to share with others on other boards. We are still way under the radar here on our march to $4.60!! UF
That is exactly right. UF
August 7th: "I'll be the one providing more information and specific details on the monthly dividend payment and will do so later this month. In addition to that, we still have one or two more exciting pieces of news for you that we'll cover in the coming weeks."
Valerie Baugher, CFO
Accumulate while you can! 2 PRs with major news headed our way plus another one with the details on the dividend. GLTA UF
Plus 66K square feet of grow space which is THE reason why this is headed to $4.60 per the chart in the iBox above. All the rest is great, but the numbers don't lie...and from what I've researched, their $200 per square foot that the chart is based on is very conservative. GLTA UF
Awesome, man! You're going to rack up here soon. Two more monster PRs expected here soon. UF
For those that don't have Level2 access, it's readily available on this particular stock at the link below...
https://www.otcmarkets.com/stock/SIGO/quote
Welcome aboard, Mr. Woolf! Glad you're here. Looks like we've all gone to lunch, but it should pick back up early afternoon. Glad to have you. UF
It will be based on what they plan to pay themselves since they're not taking a salary, so if they decide that $10K per month each for example is what they should be compensated, then the monthly payout would be $21,739, $20K to them and $1,739 to the rest of the shareholders. In that example, the dividend would be approximately .00045 per share. UF
The address is on the website. If you type it into Google, you'll see that it is quite real. If you go and visit, what exactly do you expect to find? It's an office space for the corporate operation.
The grow facility is not there if that is the address you're looking for and I doubt they want visitors. It's under 24 hr surveillance by a security firm for obvious reasons. If you need further information, pick up the phone and call them. UF
$4.60...Mary, you were asking about a target yesterday...here it is...$4.60. That's the target. Why? Because that's what the company told us yesterday in their press release...
"For phase one of our expansion, we are committed to a minimum of 66K square feet of grow space and a maximum of 230K square feet."
So if you look in the spreadsheet above, at 66K square feet, you can see with a quick calculation that $4.60 is the target...and that's short term!!! UF
8K - 80% Reduction in Authorized!! Boom!!!
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
On August 8, 2017, the Company filed an Amended and Restated Certificate in Incorporation with the Secretary of State of the State of Colorado. Effective upon filing, the Amended and Restated Certificate of Incorporation of the Company reduced the total number of authorized shares of capital stock of the Company by 400 Million shares. The total number of authorized shares of the Company is now 100 Million shares of Common Stock.
Item 9.01 -Financial Statements and Exhibits.
Exhibit 3.01 – Restated Articles of Incorporation
2
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Sunset Island Group
Dated: August 8, 2017
By:
/s/ Valerie Baugher
Name:
Valerie Baugher
Title:
President
That's tomorrow. 1 Buck...and that's for starters. UF
Somebody just got spanked! That 66K blockage was taken out in seconds!!
Is he finished yet?
A cross trade! MMs scrambling for shares!
Clear Blue Skies!!!
126 Followers is a very low number reflecting just how far this one still is under the radar. At the same time, it's a huge jump from 61 followers, which is where we were at mid July. Just like OW*P and OM*S, the number of followers is a direct correlation to increase in PPS. Remember to share this with those you want to see do well. Thanks. UF
Agreed. I like what they're doing, not taking a salary and only taking dividends. That's smart from a tax standpoint, it show a lot of credibility with investors and when they start making a sh*tload of money down the road, people will be less inclined to give them grief about it. If they're doing well, we're doing well as they said.
I'm not a Twitter guy, but you can find me right here if you need me. Thanks. UF
For those who still don't get it yet...
The true intention of a publicly traded company like Signal Bay is to create a business of integrity and to increase shareholder value by capturing as much market share as possible. The cannabis industry is still in its infancy to a certain extent and the cannabis testing market if even more of a new industry. There are new cannabis testing markets opening up every year and some opportunities are in states that many would not consider to be a “hot bed” of cannabis activity. There are some that have argued that California is “the place you ought to be”, but that thought process is subjective and based on anecdotal evidence.
What’s the first thing you do when you invest in a stock on iHub? Your Due Diligence. Without extensive due diligence, you’re more likely to lose money than make money. Well guess what…WW has an even bigger, more monumental task and that’s to do the due diligence for the entire company. For the last year, I would say based on the resources and finances available, WW and his team have done a spectacular job piecing together a company of integrity with a strong foundation and a brand (EVIO Labs) that will only grow in name recognition over the coming years. I’d say his due diligence has been spot on, so when WW decides to go into another state, some might question it, but not me. His track record is spot on. But still, some have asked, “Why Massachusetts and not more locations in California? I’ll tell you why… MARKET SHARE. Follow me here…
We know that EVIO Labs, through acquisitions, new start-ups and increases in revenue at existing locations is fully capable of going into a state and capturing 30% of market share; they’ve done just that in Oregon. The state of Oregon is expected to reach $24M in cannabis testing revenue by 2020. That’s a minimum of $8M for EVIO Labs. Remember that number…
Now let’s move on to state number two…Massachusetts. It’s no California, granted, but the cannabis testing market in this state, as WW is very much aware is projected to reach $30M by 2020. EVIO Labs has proven its ability to capture 30% of market share. That’s 9M for EVIO. Now we’re up to $17M. Let’s keep going…
Florida looks to be a licensing agreement of sorts and the revenue generated will most likely come straight off the top as a monthly revenue stream and some might say, “Well that’s no good.” BS. It’s a great project to have in the mix. If it proves to be an inexpensive way to capture market share in states where that approach makes more sense, then more power to them. Remember, these same licensed locations become great acquisition targets down the road once a level of trust is built and when existing ownership sees the value of becoming a corporate entity. This could very well be a great approach in several states due to licensing restrictions, permitting, limited access, etc., but let’s get back to the main topic.
California is expected to reach $176M in testing revenue by 2020. A 30% market share is $52M. Now we’re up to $69M. And if you think this company’s not planning to operate in Colorado or Washington State or any other state that is attractive, you must be smoking…well something. The point of all of this is that EVIO Labs, through the strategic approach of establishing locations across the country and capturing market share in multiple states is building out a national footprint and going where the business happens to be. Why not another California location or two instead of MA and FL? MARKET SHARE.
Remember the “Spoke & Hub” approach that WW has often mentioned? Now imagine around 10 or 20 of those across the country all mushrooming out over the next few years. Market Share…
Now consider this…
High Times Magazine has projected 1.4B in cannabis testing revenue by 2021. 30% of that, folks…That’s where we are headed!
I’m sure your next question is, “Well where’s all the money coming from?”
In the very near future, there will only be around 20M shares of SGBY available to anyone who wants to buy them…check that…there’ll be around 8M shares; the rest will be in management/officer hands and without any preferred shares in the mix, they’re going to hold tight over the long term to avoid not maintaining majority ownership. EVIO Labs with Spoke and Hubs popping up all over the country and only 8M shares available. Are you kidding me? If you’re not loaded up prior to the conversion, you’re going to miss out bigtime. Why?
There’s a certain type of investor that will not touch penny stocks or anything under a dollar threshold, but these same people do know the value of finding great investments in the cannabis sector. They’ll soon have one in SGBY…and only 8M shares in the float. BOOM!!!
That group of new investors could number in the 100s or more. Combine that with the true longs that have been here since last year and the new investors that have come on recently as a result of the latest awareness campaign and that tiny number…8M will look extremely attractive very soon to those three subsets of people. That float will get locked up so fast, it’ll make your head spin! Scarcity is a beautiful thing, my friend…
So think about this… A stock in hyper growth mode with locations in multiple states, new locations coming on line frequently, exponential revenue growth and all of that activity concentrated into a tiny 8M shares.
Who do you think will find this powerhouse of a company to be attractive? Investors, yes…of course, but more important, financial institutions will salivate over this business. We all know that they look more favorably upon stocks trading in the dollars vs pennies and are more inclined to provide the financing necessary to pull off what’s going to be a monster of a business.
If you think 30% market share is unrealistic on a national level, you haven’t spent enough time learning what WW and his team are all about. If anyone can pull it off, they can. So let’s go back to that High Times article…
1.4B in testing revenue by 2021. What’s 30% of that? I’m not going to even do the math on that one; you can do it yourself to see where this is headed. It’s massive!! With substantial financial support, it’s also very doable.
http://hightimes.com/business/marijuanas-next-billion-dollar-market-lab-testing/
Think picks and shovels, folks. Everyone knows the story of those who labored in the gold mines & fields and made peanuts while the providers of picks and shovels got filthy rich. EVIO Labs provides picks and shovels for the cannabis industry. Think about it…
GLTA UF
“First, we were in Oregon, then California and now Massachusetts. Over time, through acquisition and organic growth, we plan to have a hub and spoke locations in every major market and to be the household name in cannabis testing." WW
From what I've seen in the past, it should be cash paid directly into your Etrade or Fidelity, etc account. For instance, let's say it's .0005 per share and you have 200K shares, you'd receive $100.00 into your account and Etrade or the others should send you a message alerting you to funds coming into your account.
Nice Close! Great job everyone!!
Correct. They're not paying themselves a salary. Their pay is now incentive based... See below...
"We have decided to implement a monthly dividend that will be paid out to shareholders of record beginning August 2017. The details will follow, but here's something else we'd like to share with you. Valerie and I do not take a salary from the company. The monthly dividend will act as our compensation. If the company does well, we do well and so will our shareholders. Putting the two of us on a level playing field with shareholders is our way of showing you how much we appreciate your support. If we benefit, you benefit and vice versa."
Yes. 92% actually. UF
Headed to a dollar with additional news on the way. Two more exciting announcements per the CFO + a follow up on the details of the dividend + a follow up on square footage for expansion! $3-$5 value at the minimum square footage. Welcome newcomers. Four new board followers. UF
ICYMI..."We still have one or two more exciting pieces of news for you that we'll cover in the coming weeks."
Anybody want to speculate on what that might be?
“Our business is scalable to whatever size is necessary to meet demand.”
The company has decided to implement a monthly dividend that will be paid out to shareholders of record beginning August 2017.