Sunset Island Group Inc (SIGO)

[umiak]

https://www.sec.gov/Archives/edgar/data/1689066/000147793218000962/sigo_ex102.htm

Sec 3.1 and 3.2
In plain English, the lender gets shares anytime he wants after a company draw down*** and if the MC is below minimum allowed (which it is) the
"True-up" provision kicks in (see section II of above link).

***2. On February 14, 2018, the Company has executed an agreement with St George Investments for $4,245,000 with the initial tranche being $850,000. https://ih.advfn.com/p.php?pid=nmona&article=76768104

So it is only a matter of time that these shares start showing up in the float as they are sold. The lender is (probably) well aware of what best timing to use...lender has a plan no doubt:

3/14/18, is the TA gagged?
A1. The current float is 4,842,879. The float is defined as shares deposited with DTC and can be traded. The last increase of the float occurred on October 16, 2017 (nearly 5 months ago). https://ih.advfn.com/p.php?pid=nmona&article=76947050

I suppose it is possible that the mystery warrants have something to do with the first tranche of $850K but not in such a way that will prevent lender's ability to get many many shrs and sell them. Of course I could be missing something from my understanding of sections 3.1-3.2.