Replies to post #9804 on Sunset Island Group Inc (SIGO)

[ash111]

that's O/S reduction to only 4m shares which represents total float. As mentioned before it works well for both insiders and shareholders. Market cap will be only $6.5m which means a huge correction up to equal current market cap (about 13 times higher or $21/share). both commons and preferred pay dividend. Only change is that dividends will be paid first to preferred owners. Fact is all looking primed and legit. Colorado action type already done relating The huge A/S reduction too. Expect more news soon as well as monthly dividend as just announced too.share price tells the good story here. And again feel free to call company. You will surly get answers. Good luck.

[QTRADERQ]

Didn't they say that they were going to pay a dividend on the common to all shareholders that they would use in lieu of taking salaries? What happens to that if they swap out their common for preferred shares? Would the preferred then pay a dividend? If so, would the common shareholders lose out on their dividend?

Excellent point. Which is it? Convert common to preferred and lose dividend. Or keep OS at 50 mil and keep dividend. Management has painted themselves into a corner and this is why they will NEVER convert common to preferred