SIGO, not your typical OTC scam.
Before delving into the subject topic, let me give MY definition of a typical OTC scam. (I have some experience with OTC scams having foolishly invested in several of them over the past 40 years and losing considerable money to boot.)
SCAM - A company trading on the OTC markets that portrays the appearance of legitimacy by registering themselves and their stock with the SEC. They generally engage in issuing millions (and usually billions) of shares of stock used supposedly to develop or promote some unique idea, invention, product etc. that usually only exists on paper or in some prototype that has not been either proven or approved. Monies raised from selling stock are usually diverted to the company principals and/or its backers as well as to pay off legitimate expenses (like accountants, PR's, etc.).
I could go on and on here describing scam stocks, but the above are just a few of the common characteristics. I'm sure others could add much to this definition as well.
However, my main point is to discuss SIGO and why it doesn't seem to be a "typical" scam stock to me. Despite all the questions and concerns I have with this company, and believe me there are many, there are 2 primary reasons why I think SIGO is not your "typical" scam.
1) I know some have questioned the legitimacy of SIGO's Instagram photos which depicts their operations to grow and harvest MJ. But for goodness sakes, people have visited their facility and have taken their own pictures and even posted them (or links to them) on this board. Of course, without actually having visited them myself, I cannot be 100% certain they exist as shown, but reason dictates to me that SIGO would not have gone to the trouble and expense of procuring 6 temporary licenses without some kind of real grow and harvest operation.
So SIGO has a real and tangible product, which for me, already would make it not a "typical" scam.
2) For many months now, SIGO has had their outstanding share count (currently 5.7M), verified by their TA, published on the otcmarkets website (the last one being from 4/18/18). And while their outstanding share count has crept up, it has, so far, increased very minimally. In my experience, this behavior is very ATYPICAL for an OTC scam stock. In fact, this is the most unusual behavior I can imagine for a typical OTC scam stock.
The above two reasons, are mainly why I am so conflicted about SIGO. On the one hand we know about the typical yellow and/or red flags that SIGO has demonstrated, but on the other hand we have these other two areas where typical scam behavior does not seem to be present.
In conclusion, I find SIGO as a company to be very atypical in many ways, which is why I continue to post here and why I continue to follow this company.
