SIGO, what I know and what I don't know.
Actually, its what I think I know,SIGO has based on what VBF Brands has posted on Instagram. And its actually what I'm pretty sure I don't know because SIGO has filed no financial info since Sept. 2017 and very little current info to the SEC.
What I know:
1) SIGO is growing marijuana plants in 5 bays, currently with about 2000 plants per bay.
2) SIGO has had some harvests in 2018.
3) SIGO had obtained 6 temporary licenses by the end of January 2018. SIGO now has 3 temporary licenses. Two cultivation licenses, both of which expire this month (June), and one temporary manufacturer's license which expires the end of July (July 29). All licenses are in the name of VBF Brands. The manufacturer's license also lists Von Baron Farms (dba).
4) SIGO is delinquent with their annual 10-K 2017 SEC filing and also with their first quarter 10-Q 2018 SEC filing.
5) SIGO is listed on the "NO INFORMATION" tier of the OTCMARKETS marketplace.
6) SIGO has borrowed up to $4.2M from a known toxic lender who may be able to redeem and begin selling SIGO shares around the middle of August 2018.
7) SIGO has lots of expenses, only some of which are known, including payments to a master grower, payments to an unregistered extraction and distributing company (REI), common shareholder and Preferred Series A dividend payments, and a $200 per pound dividend payment to unknown holders of Series B preferred shares. Not to mention MJ taxes, utilities for growing, and material expenses for upgrades and growing.
There are a few other things that I think I know, but they are not as important as those listed above.
I will get to the list of what I do NOT know (but would like to know) either later today or tomorrow. Its going to take some time to put that list together as well. (took me about an hour to put together this message.)
