SIGO MARKET CAP IS NOT AS DESCRIBED
To say the market cap of SIGO is "$4mm" is a serious error, as it disregards 92% of the company which is hidden in a convertible preferred security. The Series A converts to 46mm shares and these are entitled to vote and to get dividends. So, at $0.74, the fully-diluted market cap based on 50.67mm shares, is $37.5mm
An analogy would be someone saying that their million-dollar house is worth $200K, since that's what they put down. This would be disregarding the $800K mortgage. The VALUE of the house is $1mm, while the equity is 200K. For SIGO, the current value of the company is $37.5mm, of which the common equity represents $3.5mm.
IF THE SIGO STORY WERE ANY GOOD, PEOPLE WOULD NOT IGNORE THIS JUST TO MAKE IT MORE APPEALING!
SIGO float was 4.03mm and it jumped 16% in about a week to 4.67mm as the company sold 640,000 shares for a dime. It will be selling a bunch more, especially if it wants to build out according to its plans.
SIGO IS A SCAM RUN FOR THE BENEFIT OF ITS FINANCIERS - BE CAREFUL
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