Sunset Island Group Inc (SIGO)

[chemist72]

True, we know nothing about the warrants, most importantly their exercise price.

But wouldn't it make sense for Fife to first convert his warrants (especially if the price were very low, say less than $0.10 for example), because he could then sell these shares fairly indiscriminately and still make a nice profit even if SIGO shares fell all the way down to say $.20-.30? Then once all the warrants got converted he could begin to convert money owed him for shares at a much lower conversion price than if he converted on Friday (Friday's closing price was $.59).

Once SIGO price stabilizes at say $.25-$.35, he could then begin to convert debt to shares for about $.08-.11 assuming a 70% discount because of all the defaults that have already been triggered. (He wouldn't even have to report as long as he stays between 5.00% - 9.99% ownership.)

In any case, I'm sure Fife knows exactly what he is doing and he knows exactly how to make the maximum profit from SIGO on the $850,000 he gave them in the initial Tranche. The really sad part is that Wade probably also knew exactly what he (Wade) was doing when he had Valerie sign those documents.