Replies to post #16634 on Sunset Island Group Inc (SIGO)

[Alan Brochstein]

ANOTHER HUGE LIE BY SIGO SCAMMERS

Last 10-Q: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12132666

NOTE 5– NOTE PAYABLE

The Company entered into borrowing arrangements with a third party not related to the Company. The notes are due on December 31, 2018. The notes accrued interest at 0% for the initial 9 months and then 5% on annual rate thereafter.

This 10-Q: http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12286231

NOTE 5– NOTE PAYABLE (Related Party)

During the Nine months ended July 31, 2017, the Company issued a 5% Note to shareholder of the Company for $281,700. The note is due on December 31, 2018. The note accrued interest at 0% for the initial nine months and then 5% on annual rate thereafter. As of July 31, 2017 and October 31, 2016, the notes payable to the related party was $281,700 and $0, respectfully. During the periods ended July 31, 2017 and October 31, 2016, the note payable incurred no interest expense.

Of course, this debt, which was favorable to the company, was converted into a security that is very favorable to the related party, the Series B Preferred ($200 off the top on every single pound sold forever)

The Company has designated 8,000,000 shares of Series B Preferred Stock. The Series B Preferred Stock has no conversion right or no voting rights. The shareholders of the Series B Preferred will be entitled to $200 per pound that is sold by the Company which is divided by the outstanding shares of the Series B Preferred.

These people are criminals...

By the way:

Subsequent to July 31, 2017, the Company sold 640,000 shares of common stock at $0.10 per share for proceeds of $64,000, under its Registration statement.