Sunset Island Group Inc (SIGO)

[Alan Brochstein]

$1.30-35 should be the new top. Yesterday, I suggested the first bounce would be in the .90-1.00 area, which was essentially correct. The next drop will be to the .60 area, in my view.

These stock schemers were involved with confirmed pump and dump 1PM Industries, which also posted 8-Ks to the SEC. This is a blatant pump and dump that is in round 2 right now. Round 1 allowed Brian Weigel of Novus Group LLC, now part of 1PM Industries, to dump up to 4mm shares that he acquired at $0.00275, pocketing millions.

Round 2 involves the company selling shares at $0.10 along with other undisclosed but convertible securities, most likely the Preferred A that converts at 10:1. They aren't disclosing important information to shareholders about their capital raising and instead are giving only partial details (the part about the common stock only). The money is being used to pay back debt and not for expansion. Only $40K was retained by the company.

BE CAREFUL! The company is just getting started on Round 2, as it said today in the press releases. Millions of more shares will be dumped into the market in increments of 400K