Sunset Island Group Inc (SIGO)

[Alan Brochstein]

MORE DILUTION AHEAD. Selling 400K shares yesterday (and other securities that the company isn't yet disclosing) put a lot of pressure on the stock, and the press release indicates a lot more shares will be coming into the float.

In case it's not clear, the company is selling shares at $0.10 (plus some other undisclosed security).

...we project the need to have approximately 6,267,000 shares outstanding and no more than 7,000,000.

That is going to be pressuring the stock if it's anything like yesterday...

No, these guys should not be "trusted". They have been involved with a pump and dump at 1PM Industries, which has its fingerprints all over this one. The company says the particulars are "irrelevant"? BS!

Today at opening of business, our company has approximately 4,031,771 share outstanding. At close of business today, our company will have approximately 4,431,771 shares outstanding or an increase of 400,000 shares. In exchange, at close of business today, the company will have placed into our hands $340,000 in expansion capital. The particulars of the S-1 and how it will work, how we execute the strategy, the long term preferred share conversion, etc. are all irrelevant at this point. Again, we ask that you trust that we are doing what is in the best interest of the company and shareholders.[/quote]

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