Sunset Island Group Inc (SIGO): Yes, the O/S will be 4mm, but the fully-...

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Alan Brochstein

Re: Trade_Trigger post# 10243

Monday, 08/21/2017 8:58:40 AM

Monday, August 21, 2017 8:58:40 AM

Yes, the O/S will be 4mm, but the fully-diluted share-count, which is what is used to value the company, will remain 50.0371mm. As the company dumps shares related to the S-1 that is effective, both of these will be going up.

Management is free to convert their shares back whenever they want. For now, there is a restriction to when they can be sold, but they can change that with the stroke of a pen, just like they made this change.

If someone wanted to buy all of SIGO, the cost would be $82mm at $1.64, both before and after this change

4mm shares + 4.6mm preferred shares that convert to 46mm common shares = 50mm shares.

$82mm is comical...

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