Replies to post #9778 on Sunset Island Group Inc (SIGO)

[Snug Harbour]

Pretty standard for OTC land. lol

[loanranger]

"THE COMPANY IS TRYING TO SELL 20MM SHARES AT $0.10."

They registered an offering at a dime when the price was $.13. Seems reasonable enough.

Now the price is $1.64 or something like that.
I believe that the registration is for the stated number of shares. So they are presumably no longer TRYING TO SELL 20MM SHARES AT $0.10....they are TRYING TO SELL (up to) 20MM SHARES at whatever they can get for them.

Do I have that right?

[JoeDaddy]

@AlanBrockstein .... With respect, and a true desire to learn from the best ... Does not SIGO like all emerging start-up companies, need to raise funds to advance operations. The 2 million $ that will be raised is going into the companies operating account, and they have stated they are in the process of signing contracts on an additional 100 to 200K SQFT facility. They need capital to sign those commitments. I would be more worried if they were not doing a capital raise in connection with aggressively expanding SQFT, and in light of the poor balance sheet. Also, the price of SIGO stock at the time of the registration was slightly above the new shares offer price... Something like .12 a share vs .10. No flag red flag there. There would be no way for principle holders to know that the stock would be where it is today, right? Last, how do we know that those .10 cent shares are not already issued and trading today, until we see the next 10Q?

Please Alan, what are your thoughts on this .... Were does this logic go wrong?