Sunset Island Group Inc (SIGO)

[saladbar]

BLOCKBUSTER POINT!! Thank you for bringing up this very important issue. You are correct. The current Market Cap is not $3M, it is $3.08M, sorry. And as for the Preferred, there are 4.6M Preferred in officer hands. They only become 46M upon conversion, but now that you mention it, (in a very misleading way I might add), let's look at exactly what they said just two days ago about those shares...

...officer shares are in fact locked up for three years minimum as they convert three years from conversion date, but we don't have any real reason to ever convert those shares because as we've shared before, we are building this business to become an attractive acquisition target and whether that takes two years, three years or five, our shares are more about maintaining majority ownership than anything else. And finally, no, we do not have any significant debt as a company and we plan to keep it that way for the very same reasons.