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Just took another 1.5M at .0025. No brainer here. UF
Looks like 150% increase on all their previous projections! Nice...
Check out the 135K BID @ .54
Cannabis Yield To Increase Dramatically For Sunset Island Group
San Clemente, CA -- September 28, 2017-- InvestorsHub NewsWire -- SUNSET ISLAND GROUP, INC. (OTCQB: SIGO) announced today that the company has begun a retrofit to their current grow space that will significantly increase the amount of cannabis product produced with each harvest.
CEO T.J. Magallanes stated, "The obvious solution to increasing the number of pounds of cannabis produced each year is more space, but effective utilization of the space that you already have is also important. With that in mind, effective immediately we are retrofitting our original 10,000 square feet of grow space at a cost of approximately $75,000. The return on this investment will be considerable and we predict we will be able to increase our yield by 50%.
Mr. Magallanes went on to say, "With the addition of supplemental grow lights, CO2 systems, and other key components, this retrofit will allow us to operate similar to an indoor facility increasing the number of plants that can be grown in each bay. This step should also result in a slight increase in the number of harvests that we can execute each year.
Mr. Magallanes finished up with, "We are certain that this is the right move for long term success so all expansion square footage will also be set up the same way. We will have further important information to share with our shareholders next week. As always, we thank you for your support.
Thoughtful post and I agree with you. I hope this is one of those stocks where the CEO just puts his head down and plows into his work and we look up 12 months from now and see a significantly improved PPS. If he just does the 42K announced so far, it's $5.00 - $7.50 stock easily. And if they fully develop that first expansion plan...WOW!! This is a great time based on prior years to be accumulating. Cannabis stocks have typically gone into a slump around this time only to rebound toward year end. This one should definitely follow suit. UF
SHARE COUNT FACTS: All officer shares (46M) have been converted to preferred; 4.6M shares convertible @ 10:1.
If they had not backed their way into the current share structure and started out that way to begin with, all of iHub would be marveling at this ridiculously low share count of 4,671,771 and as of today a market cap that's under 3M.
Instead, they did back their way into it and although this has to be repeated daily on multiple occasions for some reason, the company does in fact have 4,671,771 shares outstanding...period.
O/S and Fully Diluted are two different things.
O/S: 4,671,771
Fully Diluted: 50,671,771
The additional 46M are currently preferred status 4.6M shares with a 10:1 conversion rate, BUT GUESS WHAT...
They're locked up for three years minimum from the date of conversion and the CEO has clearly stated...
We're just in that time of year. TRTC is basically on a 19 day slide. Other cannabis stocks are in similar patterns. Looking back year over year, this is actually THE time to begin accumulating for end of year harvest activity.
"Officer shares are in fact locked up for three years minimum as they convert three years from conversion date, but we don’t have any real reason to ever convert those shares because as we’ve shared before, we are building this business to become an attractive acquisition target and whether that takes two years, three years or five, our shares are more about maintaining majority ownership than anything else."
Straight from the CEO
Agreed. Sorry I didn't listen to you sooner. Penny bound!
Welcome OC! Glad to see you here! GLTY UF
Riiiiiiight... LOL
Hiding the float, huh. It's 4,671,771. Plain and simple. You won't have to ask again. That's the maxed out O/S, so if they are "hiding" anything as you suggest, they're hiding the fact that the float is lower than 4,671,771. LOL
78,027 Buys, 31,353 Sells
The O/S and Float have not changed.
Grasping at straws...
Too ridiculous to even provide a rational response.
There are about 30K - 50K shares clogging up the works from those who enjoy toying with this stock. What they don't realize is that they're inadvertently allowing some nice consolidation. Just a matter of time before these jokers are history. UF
And they're both probably 16 or 17. LOL
Turning the corner. Slowly but surely. UF
.0145 at just 1X sales! 7Bagger minimum from here!!
Change that baby pic to "How you sleep knowing you own CWIR." LOL Glad you shared that. Thanks. UF
4,671,771 shares outstanding.
SMP CEO right there with them! UF
Around 20K shares showing on the ASK between here and a dollar. GLTA UF
Somebody finally took out that 11,847 or whatever it was in three separate buys. One more to go!
490 Trades before lunchtime. LOL
Whatever caused it to happen, again it's a good thing. UF
We have to get past "Crabs In A Bucket". Every day someone puts up what looks to be an insurmountable number of shares on the ASK, people begin to sell into the BID, which lowers the ASK, which provokes more buying into the BID and so on...
This will remain the case until people start to realize the true value of SIGO, for example...
Let's forget any expansion AT ALL and focus only on the original 10K square feet. At $200 per square foot, that's $2M in revenue. At 25% pft and only a 15 multiple, that's a $1.60 stock!
Let's step up from there. They stated that they had another 6K square feet already in the works. That's a $2.57 stock using the same conservative calculations.
Now let's look at what we know based on the latest PR, 8K or whatever it was, 42K square feet of grow space using the same calculations is a $6.74 stock.
And it looks like based on their moves to date that they should meet their original expansion target of 152K or 120K of grow space for a $19.26 stock value using the same calculations and not including any additional revenue streams like the clones.
It's time to stop dragging this thing down and let it reach its full potential. Just a matter of time and a change in mindset, but it's coming... UF
We sat here for days if not weeks dealing with hundreds of posts about how bad those B shares were for investors. They're now gone and the company has a debt to pay off. In the long run, that's good for everyone except whoever held those B shares in the first place. It's great news IMHO. GLTA UF
Yep. Now's the time to accumulate!! Good stuff!
About once a month, you have an announcement on one of these stocks that's so attractive, you cannot avoid it. This one automatically today became a 1.5 to 2 cent stock minimum in the making. It'll just take more people coming on board over the next few weeks to reach that point, but that's where it's headed. Good to see you too. UF
Brands using Digital2Go targeted marketing: Walmart, Sams, BedBath&Beyond, Shell, Best Buy, Alamo, etc, etc, etc.
The only thing this stock needs is exposure and recognition.
Picked up 5M. Looking to double it if the opportunity arises. GLTA UF
.0144 at just 1X Sales!!! .02175 at a 15X multiple. No brainer here.
L2 is paper thin.
With this low float, you can count on it...
I keep looking at that EStreamTV business model and the more that I do, the more I like it. A scalable business model with what looks to be monthly residual payments and a ton of hotel rooms across the world for the taking. If they have a low cost option to what's available from local providers this is going to be an absolute monster play. GLTA UF
You are a delight to have on this board. Just a delight!
9 Cents a Share. The market says otherwise...