Sunset Island Group Inc (SIGO)

[penknee]

That looks pretty good.

This part though, is where things could get ugly for SIGO:

"My translation. As long as SIGO maintains a minimum Market Capitalization of $8M (because this is defined later in the document), SIGO can redeem or pay back parts of the loan balance with shares that are valued at $1.70 per share, unless SIGO market cap fall below $8M. Then the shares SIGO gives to St George are valued at either $1.70 OR the market price (assume closing price) whichever is lower."[/I]

If the market cap goes below $8 million, calculated based on the 15 day VWAP, multiplied by the number of shares outstanding, then the outstanding balance converts into shares at a 50% discount. The question is, how far will Fife and his cronies go to make that happen?