Sunset Island Group Inc (SIGO)

[loanranger]

It's a long story. Did you ever hear the term "fully diluted"?
Just in case you didn't it refers to the number of shares that WOULD BE outstanding if every note, preferred share, option, warrant, etc. that a Company had issued that COULD BE converted into common shares WAS converted into common shares.

For example, the current outstanding amount per SIGO's "Share Structure" as provided by their transfer agent directly to OTCMarkets was 5,386,771 common shares as of 2/15/19. But there's no mention at all of the 333,000 Series C preferred shares that SIGO issued to "Job Growing Inc.for 50% of the profits of Job Growing, Inc." on 11/30/18 that can be converted to SIGO common at the rate of ten common for one preferred "at any time".

So to put it simply Job Growing, Inc could convert their preferred this morning and add 3,330,000 shares to the existing 5,386,771 common.

If we can believe the OTCMarkets "Transfer Agent Verified" number as of 2/15/19 they haven't done any converting, but they could. I haven't looked at it closely but I believe that there is at least one other instrument that could be similarly converted. So there HAS BEEN an increase, looks like 60% or so from the Series C preferred alone, in the fully diluted share number.

That said, who cares? The Company hasn't provided an iota of financial information in almost two years. Questioning the issue of dilution without having any idea whatsoever what the Company's assets and liabilities are or what their revenues and expenses have been is just GOOFY.

At least SIGO is entitled to 50% of the profits of Jobs Growing, Inc.. You should check their website sometime, especially the "About" page:
https://www.jobgrowing.com/pages/16057-about


Move along folks, nothing to see here.