Replies to post #9991 on Sunset Island Group Inc (SIGO)

[Magnum7419]

"We have no convertible debt and the debt currently on the books is the initial seed capital and that will be reduced in increments over time as the providers of that seed capital will be taking a small percentage of profits with each harvest. We currently have a little over 50M shares outstanding as indicated at OTCMarkets.com and we have a little over 4M in the float. The other 46M shares are owned by me and our President. We have an S-1 registration in the works that could increase the outstanding share count to as much as 70M, but from there we do not anticipate adding any additional shares to the mix as existing profits will be used for additional expansion over and above what's been discussed in this release. I hope that is helpful when making your decision on whether to invest in our company. We look forward to sharing additional updates in the near future."

https://www.thestreet.com/story/14236874/1/sunset-island-group-announces-first-cannabis-harvest-and-expansion-plans.html

[JohnnyBlaze55]

So, you're saying 80,000,0000 is too high of a valuation?