Sunset Island Group Inc (SIGO)

[coinsguy]

Once again you prove you can't read an 8K and don't understand how corporations work, despite your claim to fame otherwise.

no voting rights, conversion rights and with restrictions

It means just that, no voting rights, no conversion rights and with other restrictions. A typical preferred share with no connection to common shares. They can appreciate in price but cannot fall below the original price of the shares purchased. I'm surprised you do not know this, Alan. Here it is directly from Investopedia...

A preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights.

Preferred stock combines features of debt, in that it pays fixed dividends, and equity, in that it has the potential to appreciate in price. The details of each preferred stock depend on the issue.