Sunset Island Group Inc (SIGO)

[GravyTrain1968]

Just received email from company explaining 305700 shares of series B.

Its $200 per pound for the Preferred as a whole. Dividends in designations of preferred are gross numbers and then divided by the shares outstanding. So the $200 would be split by the number of Series B shares that are outstanding. The designation is for 8 million shares of which approximately 305,700 are outstanding. So if all 8 million are outstanding it would be $0.000025 per share but the company would have received $8 million for the preferred stock. At 305,700 its $0.00065 per share.