Sunset Island Group Inc (SIGO)

[Alan Brochstein]

SIGO IS A PONZI SCHEME

A Ponzi scheme (/'p?n.zi/; also a Ponzi game)[1] is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.

Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.[2]

https://en.wikipedia.org/wiki/Ponzi_scheme

SIGO paying a dividend when it has no assets and has to sell new shares to pay it is bogus. Sadly, it's dropping 92% into the hands of insiders too.

SIGO should pay any dividend from profits, not from selling new shares.