Sunset Island Group Inc (SIGO)

[chemist72]

According to my calculations, Fife will NOT be getting millions and millions of shares, at least not yet.

Here's some facts. Between Feb. 16 and Feb. 28, SIGO's outstanding shares went up by 375,006 shares. I assume most, if not all, those shares were conversion shares issued to Fife. During that time, SIGO's lowest share price was $1.50. So assuming he got those 375,006 shares for $.75 of debt conversion, that means that SIGO already has paid back $281,000 of the original loan balance of $940,000 leaving a balance of $659,000.

Now if Fife wants that all paid back now, lets assume he gets shares for as low as $.40/share conversion price. Then SIGO will have to issue Fife approximately 1,648,000 SIGO shares.

Then that would be it regarding SIGO's current loan balance. No more shares for Fife unless SIGO wants to borrow another tranche of cash. Just using numbers that I believe are accurate or reasonable.