Replies to post #11470 on Sunset Island Group Inc (SIGO)

[saladbar]

On this news, L2 ASK dropped to 100 shares at every level on the way back up.

[Alan Brochstein]

Is it not clear?

The company will be selling 20mm shares to friends at $0.10, but they will have to also buy PREFERRED shares that are non-voting but CONVERTIBLE.

Regular Joes have to pay the prevailing price if they want in on this "gem", lol. At least it's falling, and will likely continue to fall.

This is one stinky penny stock. Not sure how they got away with letting a buddy buy 4mm shares of free-trading stock at $.00275 per share (Brian Weigel of Novus Group LLC, now fully owned by 1PM Industries, a Joseph Wade scam) and dump them onto the market... THAT is how you make money in penny stocks, not buying garbage like SIGO at $1.35 (and falling)