Sunset Island Group Inc (SIGO)

[Alan Brochstein]

SIGO: EXTREME CAUTION WARRANTED!

The company is misleading the SEC and investors.

SIGO sold the entire float to an affiliated party, Brian Weigel of Novus Group LLC, which is now owned by a publicly-traded company that failed trying to scam with Von Baron Farms and employed TJ Magallanes and Valerie Baugher, the two executive and directors at this company, which is currently valued at $35mm (and falling fast). Novus Group was always tied to Joseph Wade. I have in writing from the CEO that Joseph Wade is funding this company (surprised he admitted it, but he did). Novus Group pocketed as much as $10mm selling shares that it acquired for just $0.00275 each. The problem for the company and its officers and directors is that it failed to disclose this relationship properly to the SEC. The company also failed to properly describe the prior employment of Magallanes and Baugher, saying their employer was Von Baron Farms instead of the scam OTC company that owned Von Baron Farms.

SIGO is selling shares at $0.10 and raised $40K already. The company is also selling other unspecified securities - we will learn about these by mid-September when the company files it FY17-Q3 report, and it will be clear how shareholders are being ripped off again.

Don't fall for the bogus dividend. It couldn't be any smaller! $50K in total, with $46K going right into the pockets of management. Outside shareholders are getting a whopping $4K LMFAO!