Replies to post #14957 on Sunset Island Group Inc (SIGO)

[penknee]

Someone emailed the company and got this response:

"Just received email from company explaining 305700 shares of series B.

Its $200 per pound for the Preferred as a whole. Dividends in designations of preferred are gross numbers and then divided by the shares outstanding. So the $200 would be split by the number of Series B shares that are outstanding. The designation is for 8 million shares of which approximately 305,700 are outstanding. So if all 8 million are outstanding it would be $0.000025 per share but the company would have received $8 million for the preferred stock. At 305,700 its $0.00065 per share."

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=134466156


Here's what the Colorado sos says:

"The Series B Preferred Stock shall receive a cash dividend of $200 per pound that the Company harvested from its cultivation operations. The dividend shall be paid quarterly."

Page 7

http://www.sos.state.co.us/biz/ViewImage.do?fileId=20171682148&masterFileId=20051365777

Last post of the day for me till midnight.