Sunset Island Group Inc (SIGO)

[penknee]

I don't think they'll be fixing anything.

This was posted earlier:

Someone emailed the company and got this response:

"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."

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134466156

So according to the company it's based on the entire 8 million shares. Why 8 million shares? Well you and I know why, they plan on issuing 8 million Series B. That $200 per pound will be paid out quarterly FOREVER, and I'm guessing it's owned by Wade or someone close to him. One other thing that bothers me is that none of the debt SIGO has has been disclosed. It's always a surprise that its been converted.