Sunset Island Group Inc (SIGO)

[Alan Brochstein]

SIGO is looking more and more like a pump and dump.

Today's news shows dilution going on, but without full disclosure. They sold 400K shares at $0.10 and some other security that they don't feel is necessary to describe. And this crushed the stock.

Almost all of the money raised went to pay off people who have loaned the money company, so the insiders here end up owning almost all of the equity with no real cash invested.

The company got started with 4mm shares sold for just $.00275 ($11,000) before Novus Group LLC dumped them into the market, pocketing millions at the expense of the public for a company that wasn't even yet generating revenue.

Now is the next round of dumping, with shares trading yesterday above $1 being sold for a dime along with other securities that investors don't get to learn about. My guess is that they are selling these preferred shares that convert to 10mm common shares each. Why don't they share the full terms?

Don't forget, this is totally tinged by the multiple connections to pump and dump 1PM Industries. SIGO will end up just like that scam.