Sunset Island Group Inc (SIGO)

[loanranger]

Very funny. I know that some may have some difficulty connecting the shares that they own to the company ownership that those shares represent. And I understand that SIGO isn't the first company with shareholders who don't care at all about their company as long as its share price goes up and they are free to have that perspective.
But the securities laws have a different perspective. In order to protect those very same investors they REQUIRE a public company to provide certain information about its assets and liabilities. Sunset Island Group itself says this in its 10-Q:
"The accompanying interim unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and in accordance with the instructions to Form 10-Q and Article 8 of Regulation S-X."

So if you insist on the hyperbolic use of a question like "Do they even own the front doors on the greenhouses?" the company itself provides its answer above. If Sunset owned the front doors to the greenhouses they WOULD have reported them as assets on their balance sheet "in accordance with generally accepted accounting principles" (at least they say that they would have).

They don't own the front doors of the greenhouse, of course. But the plants shown in the pictures taken on the latest tour are growing out of SOMETHING. And the company has bragged about their use of something called the Mapal system, examples of which can be seen at this link:
http://www.mapalagro.com/site/en/pages/inPage.asp?catID=47&subID=120
Mapal seems to be a successful company and they aren't likely to be giving their systems away.

So I'll ask again:
"Who owns the Mapal system that the company is using?"

Sunset reports to the SEC in their 10-Q (and all prior filings) that they don't own any fixed assets (no furniture, no vehicles, no equipment, nothing)...the words "Mapal" and "equipment" don't appear in their filings. Their sublease doesn't specify who owns the pictured equipment....it doesn't mention its existence. "On March 1, 2017, the Company executed a lease for 12,000 square feet green house space and 1,000 square of warehouse space expiring March 31, 2020."

Do you think that the LAND LEASE SUBTENANT AGREEMENT covers the equipment? If so, what language in this agreement makes you think so?
https://www.sec.gov/Archives/edgar/data/1689066/000147793217003549/sun_ex101.htm

Or do you think that the lease agreement covers the use of anything under the greenhouse roof and that the cost of using the Mapal system is part of the monthly rental?