Replies to post #6407 on $Amazing $Biotech & $olid $Microcap $tocks

[value1008]

SIGO - Tom and everyone, i've appended below several long and short Ihub posts from what i dug up last night after hours of research so you can have more of the evidence yourself. I could post a LOT more of this stuff as it has been sleuthed out. I hate to be the "bearer of bad news" but i only do it so that anyone still holding SIGO shares, unless you're comfortable gambling with your money on a kind of "double or nothing" prospect (hoping it will double on shareholder exuberance and maybe a technical bounce play), can get out with at least some seed money to find a reputable, profitable company elsewhere for your investing.

Here are several posts from that Ihub board known as "DD Support Board and Scam Research Team." That board is dedicated to objective research to save people from possible or likely scams, not to destroying share-value via shortseller tactics (like Citron, Muddy Waters, et al.). Some of the posters writing about SIGO at that DD Board in earlier months were trying to be as objective as possible, though later their abject scorn became more apparent as SIGO pulled one shady maneuver after another.....

P.S.-- just to communicate the seriousness of this situation, last night during my perusal of many hundreds of ihub posts on SIGO, i recall seeing that one or more of the posters at that DD Board have reported Joseph Wade Mezey and SIGO to the Los Angeles office of the SEC, so there's a chance that the SEC is monitoring the situation with SIGO.

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From the DD Support Board and Scam Research Team:

Nodummy posted at the DD Support Board and Scam Research Team on 9/27/17:
Based on my research I have come to the following conclusions:

Joseph Wade Mezey originally acquired the shell from David J Cutler making it the 5th shell sold by Cutler to Wade or one of Wade's associates (NHMD, VTXB, SGBY, OPMZ are the others). Joseph Wade Mezey's control of the SIGO shell was never disclosed in any SEC filings.

Joseph Wade Mezey placed his wife, Anastasia Shishova, as the CEO of SIGO after the acquisition but it has never disclosed to the public by SIGO about their relationship.

Joseph Wade Mezey assisted in setting up Battle Mountain Genetics Inc paying Cheyenne Moseley of Legal Zoom to register the entity in California (same service provider he used to set up Novus Group LLC in Wyoming) then placed two of his former employees and long time business associates (TJ Magallanes and Valerie Baugher) as the executives for the new entity.

Joseph Wade Mezey secretly controlled Novus Group LLC (with his buddy Matt Billington) but lied to the SEC about his control becoming the owner of 4,000,000 free trading shares of SIGO for the cost of $11,000.

Joseph Wade Mezey merged his Novus Group LLC company into his OPMZ shell but after he had already pocketed about $700,000 (after taxes) and his buddy Matt Billington had pocketed $174,441 (after taxes) from their SIGO share sales. As part of the Novus Group LLC/OPMZ merger, OPMZ agreed to pay Joseph Wade Mezey and Matt Billington $150,000/month in "consulting fees" from any money made by Novus Group LLC in the future. It should be noted that the new SIGO executives (TJ Magallanes and Valerie Baugher) were formerly both employees of OPMZ through OPMZ's one time wholly owned subsidiary Von Baron Farms.

Novus Group LLC made approximately $1,300,000 more from its SIGO share sales after the OPMZ acquisition. Consulting fees paid out to Mezey and his buddy Matt Billington from that $1.3m would have come out to over $800,000. But $305,700 of the money made from those share sales was used by Novus Group LLC/OPMZ/Wade to lend to SIGO to help fund the SIGO business operations. To date SIGO hasn't disclosed in any SEC filings who the lender is - once again hiding Joseph Wade Mezey's involvement. It also sounds sort of illegal to me for money made from SIGO shares sales to be funneled back to SIGO to pay for the SIGO business operations without that plan being disclosed as part of the registration statement used to make those shares free trading.

Joseph Wade Mezey owns the lease to the greenhouse space that was subleased to SIGO but his name was never disclosed to the SEC by SIGO.

That $305,700 SIGO borrowed from Novus Group LLC/OPMZ/Wade was turned into 305,700 Series B shares ($1/share) which were going to pay out a $200/lb dividend (from cannabis sales) each quarter to be split among all the Series B preferred share holders. Obviously the only Series B preferred share holder would have been Novus Group LLC/Joseph Wade Mezey. SIGO never disclosed the name of the lender/Series B preferred share owner in any SEC filings once again hiding a Joseph Wade Mezey affiliation to SIGO.

That $200/lb dividend would have resulted in $150,000/month going into the pockets of Joseph Wade Mezey and Matt Billington as consulting fees (per the agreement between Novus Group LLC/Joseph Wade Mezey and OPMZ/Joseph Wade Mezey) with the rest staying with OPMZ.

SIGO mentioned a plan to sell Series B preferred shares to the public at $1,000/share in an 8K through what I'm pretty sure would have been an illegal share offering since they weren't registered. That would have been 1000 times more than Novus Group LLC/Wade got their shares for giving the purchaser(s) such a tiny percentage of the split that it would have been ridiculous.

It is interesting that they cancelled those Series B shares. Obviously there will be no lawsuit by the lender since Joseph Wade Mezey controls everything on both sides. I wonder if Joseph Wade Mezey cancelled them because he realized that his little gig is close to being up. Even though he tried hard to hide his involvement in everything, people that know how to do research were still able to figure it out. Not like it was hard. Joseph Wade Mezey likes to use the same addresses, same business associates, and same service providers repeatedly. He even makes the mistake of putting his own name on documents which can be found if people know where to look.

Joseph Wade Mezey/Novus Group LLC still secretly owns $305,700 in debt in SIGO. [This is the debt that SIGO announced it had recently paid off with the share-offering!] I'm sure that will eventually somehow result in SIGO revenues going into the pockets of Joseph Wade Mezey per the consulting agreement Wade has with Novus Group LLC/OPMZ.

My guess is that Joseph Wade Mezey is also the biggest investor to date in the 20,000,000 share offering at $.10/share and that most (if not all) of the 640,000+ shares dumped into the market to date through that offering went through the hands of Joseph Wade Mezey.... all while Joseph Wade Mezey has continued to hide his multiple affiliations to SIGO from the SEC.

This is the type of stuff that leads to much more than just SEC litigation. This is the type of stuff that could lead to a Criminal Indictment.

It will be very interesting to see where things go from here. Joseph Wade Mezey has been walking a fine line for years with his many many tickers and companies (some of the worst being GYST, STHC, EMBR, CGLD, NHMD, and OPMZ). And let's not forget his debt settlement scam he did Laura L Hess and Jeffrey Campos that got him disbarred in 2010.
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Nodummy posted again on 2/2/18, replying to Surfkast:
SIGO sure looks like it is quickly turning into another Joseph Wade Mezey scam with fake business operations. I know a lot of people have been predicting this including yourself, but it looks like today's 8K threw some people for a loop.

Wade has a history of touting revenues in press releases and 8Ks and even 10Qs then when it comes time for the audited financials the revenues magically vanish. He did it with GYST touting massive mining operations just to end up showing next to no real operations when the audited 10K hit. He did it with NHMD touting huge distribution deals and big revenues in press releases, but in reality NMHD was doing almost no real business. He did it with OPMZ touting hundreds of thousands of dollars in revenues each month in PRs/8Ks and even listing some nominal revenues in the unaudited 10Qs but when the audited 10K came due it showed $0 revenues. SIGO is turning out to be no different.

As far back as the S-1/A filing on July 17, 2017, SIGO said that it had begun planting and harvesting
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12176935

Quote:
In July 2017, the company completed the build out of the initial 12,000 square feet of its greenhouse space plus 10,000 square feet on production space. The 12,000 square feet includes 5 grow bays of 2,000 square feet each, clones room, drying rooms and trimming rooms. The Company has completed planting the 5 grow bays The Company estimates that the clones space can create up to 2,000 plants every 30 days. Each grow bay hold between 200-350 plants.

Each bay is planted approximately 1-2 weeks apart from each other. Each bay is harvested approximately 7-10 weeks after it is planted. This allows for continual harvesting to occur and allows the Company to hire staff that focus exclusively on harvesting and trimming. Beginning July 3, 2017 the Company begun the harvest of its initial grow bay. Once harvested, the crop is dried for 7-14 days. Once it is dried, the crop is trimmed. The Company expects to initially trim approximately 5-10 pounds a day. The company has begun hiring harvesting and trimming crews. The Company expects to begin its initial trimming the week of July 17, 2017.
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In a July 20, 2017 Press Release SIGO said it had begun harvesting and the entire run was already pre-sold
https://www.otcmarkets.com/stock/SIGO/news/Sunset-Island-Group-Announces-First-Cannabis-Harvest-and-Expansion-Plans?id=165082&b=y
Quote: SIGO announced today that it is in the process of harvesting its first 4,000 square feet of grow space and that the entire run has already been pre-sold to a cannabis supplier in Southern California.
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In an August 10, 2017 8K SIGO said that it had begun generating revenues from its harvest
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12223742
Quote:
Q1. How much revenue has the company generated from the initial harvest?
A1. From August 1, 2017 through August 7, 2017, the Company generated approximately $140,400 from 117 pounds harvested
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On September 17, 2017, SIGO filed its 10Q for the period ending July 31, 2017. The 10Q showed no assets and no revenues. How convenient that August 1, 2017 (the day that revenues allegedly started being generated) was the day after the financial period covered in the 10Q (July 31, 2017)
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12286231

In an August 31, 2017 8K SIGO reported more revenues and more harvesting
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12272477
Quote: (4) The Company generated approximately $194,000 in revenue for month of August. The Company has harvested its first full bay of “Banana OG.” The Company expects this product will be available for sale in the next 2 weeks.
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In a September 21, 2017 8K, which came out right after the 10Q was filed, in response to investor questions about the $0 in assets and $0 in revenues reported in the 10Q, SIGO said that since no sales had occurred yet for the reporting period (July 31, 2017) the plants were recorded as an expense not capitalized as an asset despite planting and harvesting allegedly already having started.
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12289423

Quote: Q1. How does the company account for the plants it grows? They don’t appear as assets on balance sheet.
A.1. The Company has concluded to expense these costs instead of capitalizing them (making them assets) as the Company does not yet has proven that such costs incurred will have success in growing or cultivating cannabis since no sells have occurred. The Company is a startup in this cultivation and until success is proven, the Company will continue to expense these costs until the Company has initial success in cultivating cannabis.
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So where on the 10Q were they itemized as an expense?
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12286231

Now keep in mind all those old 8Ks and mentions of planting and harvesting and sales in press releases and filings get re-posted over and over again fueling the pump any time it starts to pick up interest.

Then today [Feb. 2, 2018], with the 10K due out any day now (after the NT filing on Monday), SIGO drops an 8K hinting that business operations haven't been going quite the way that SIGO had been leading people to believe
https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12510029

Quote:
Q1. How many bays are currently planted? How is the expected yield?
A1. We currently have 2 bays fully planted and growing. We will plant the additional remaining bays of plants every 2 weeks (approx.). We will begin harvesting the first planted bay after approx. 8 weeks of growth. We will then continue to plant and harvest one bay every two weeks, thus providing a continual planting and harvesting process.

We are planting the bays using a new method and have increased the number of plants per bay from 480 to nearly 1,200. We expect to continue to increase the number of plants until we have 1 plant per square foot. This requires small plants. As such, we have to cycle through our current clones (which are a little larger) until we can get the right number of clones at the right size. We expect this to take approximately 4 weeks. After that the goal would be to have 1,600 plants per bay with walkways available to care and maintain the plants.

After our first harvest, we will provide our shareholders information regarding the yield of product. We also hope to be able to update our shareholders when our growing conditions change and also when there are any significant changes in the product yield.
Once again we would like to thank our shareholders for their confidence in us and for their patience.
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Wait what? They just began planting? What happened to the 5 bays from July or the Banana OG from August? Our First Harvest? What happened to the July Harvest and all of the August Harvests?

Apparently, at least one shareholder got a reply when asking some of these questions:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138191830
Quote:
Q: What square footage of space have y'all been utilizing for the medicinal grows that have been harvested regularly since after the Aug harvest? I'm doing a rough revenue estimation and wanted to be clear on the space. I know the first adult use bay has just been transplanted but I wasn't sure if that space had been previously filled for the medicinal grows that could still be sold during last year, or if there have been bays not used for part of that time. Thanks.

Here is their response, which lines up with the 8k just released:

A: No. With all the uncertainty around the licenses we decided to ceased temporarily from planting until the licenses were obtained. 2 bays are currently planted. We ideally have the bays transplanted about 2 weeks apart and within 7 days of harvest. But with waiting for the licenses we only have the 3 bays planted. The next bay should be planted approx 2/9. In order to transplant within 7 days of harvest, we have to have plants prepared and ready to go. It will take a couple of planting to get back on track.
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With all the uncertainty around the licenses SIGO decided to ceased temporarily from planting until the licenses were obtained? SIGO has no problem doing an 8K for everything under the sun, but they didn't feel it was important to do an 8K that they had stopped planting several months ago?

Obviously Wade is only about trying to increase the PPS and not about running an honest business. But everybody already knew that about Joseph Wade Mezey. Wade was disbarred as an attorney because he ran a dishonest debt settlement business that misled people and defrauded them out of money and he has carried that mentality over to his many penny stocks through the years. SIGO is no exception.

At this point it wouldn't surprise me at all if SIGO ends up reporting no Revenues in its 10K for the period ending October 31, 2017. I wouldn't want to be Joseph Wade Mezey's nominee officers (Valerie Baugher and TJ Magallanes) if that does happen.

So far Wade has survived his illegal S-1 share selling scheme without incident from the regulators. Lying about business operations sure going to help his cause.
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Nodummy posted on 2/2/18, in reply to Surfkast:
So let me get this straight because as you know Joseph Wade Mezey likes to overlap all of this scams.

SIGO claimed to be growing and harvesting and selling marijuana back in July and August before it even had a license to do any of those things.

Now SIGO has back tracked to say it hasn't actually done any harvesting or selling because it didn't have the licenses to do so.

Now that SIGO claims to have licenses it turns out that they don't actually have any licenses.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138224265

The licenses belong to Von Baron Farms which is controlled by Joseph Wade Mezey (like everything else linked to SIGO = Wade was the shell owner, Wade paid to set up Battle Mountain Genetics Inc, Wade owned the whole SIGO float, Wade owns all the SIGO debt, Wade owns all the licenses)
This whole Von Baron Farms thing is a mess. Wade used Von Baron Farms to tout operations with NHMD which turned out to be a scam. Now NHMD is abandoned and worthless. Wade used Von Baron Farms to tout operations with OPMZ then OPMZ ended up reporting $0 in revenues when they filed their audited 10K - again nothing but a scam to sell shares. OPMZ currently sits at $.0001 with a huge float. Wade has Von Baron Farms linked to SIGO. And now it sounds like Von Baron Farms is being linked to VTXB?

How many times can Wade keep recycling the same scams before he finally gets shut down by the regulators?
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Surfkast relayed this sour, shady news from SIGO on 2/6/18:
Re the Fiscal Year 2017 10-K:
On February 2, 2018, the Company decided to retain a new auditing firm (Malone Bailey) to act as it auditor. Malone Bailey is a larger firm and has the resources that we expect would be required for 2018. The Company was previously going to report under Regulation A+ as a Tier 2 filer but has now decided to maintain its current filing status and not change to Regulation A+. The switch to a new auditor may delay the 10-K but we will have it completed as quickly as possible.
https://ih.advfn.com/p.php?pid=nmona&article=76621485

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(C) The Company has been in discussions with groups based out of China and the Bahamas to provide additional funding to expand and grow the company’s operations. The Company is seeking between $2-3 million to fully build-out the retro fit of its current greenhouse and to build a new greenhouse on the land that is currently being leased. As part of these discussions, the Company will change its fiscal year from November 30 to either September 30 or March 31. This will simply provide the Company fiscal quarters that match calendar quarters. Additionally, the Company would transition to a Regulation A+ reporting company. The Company is currently not a reporting company but is a voluntary filer.

The Company would become a Tier 2 filer under Regulation A+. Companies under Tier 2 are subject to ongoing reporting requirements. Securities under Tier 2 may be listed on a national exchange to the extent that the company applies for listing and meets the listing requirements for that particular exchange. However, unlike the quarterly reporting that our shareholders may be used to seeing, Tier 2 companies are only required to file a semiannual and annual report as well as interim current reports upon the occurrence of certain enumerated events. The financial statements must follow Article 8 of SEC Regulation S-X (applicable to smaller reporting companies) and must be audited. The Forms filed would essentially be the same just numbered differently: The Company would file: (1) Form 1-K instead of a “10-K,” which would be due 120 days after year-end; (2) Form 1-SA a short ”10-Q,” but semiannual; due 90 days after first 6-month period of year, (3) Form 1-U similar to an 8-K,; due 4 business days after triggering event.
https://www.sec.gov/Archives/edgar/data/1689066/000147793218000385/sun_8k.htm

Item 4.01 - Changes In Registrant’s Certifying Accountant
The Board of Directors of Sunset Island Group (the "Company"), acting as the Company’s Audit Committee, announces that it has appointed Benjamin & Young, LLP ("B&Y") as Sunset Island Group’s independent auditors for the 2017 fiscal year, replacing Simon & Edward, LLP ("Simon"). B&Y’s address is 1100 N. Tustin Avenue, 2nd floor Anaheim, CA 92807
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This action effectively dismisses Simon & Edward as the Company's independent auditor for the fiscal year ending October 31, 2017. The report of Simon & Edward on the Company's consolidated financial statements for the year ended October 31, 2016 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope, or accounting principles, except that each such report included an explanatory paragraph raising substantial doubt about the Company’s ability to continue as a going concern and stated that the Company’s consolidated financial statements for the years ended October 31, 2016, respectively, were prepared assuming that we would continue as a going concern.
https://www.sec.gov/Archives/edgar/data/1689066/000147793217002383/sun_8k.htm

Surfkast on 2/8/18: They were supposed to file by the 13th [of Feb.] with the NT filing. But now with the third accountant change and other BS how long can they drag it out? There have been statements that they are voluntary filers so they have different rules? As we and many others know, Wade loves to hold up filings, sometimes for months.

[ash111]

I have posted a few comments a month ago relating 10K, hinted to be aware that it is taking to much time to file. Still nothing a/o today. It seems folks have lost confidence because SIGO filed NT and was supposed to file 10K 14 days later. As mentioned before, SIGO should be considered as a lotto play like entire OTC sector. Company on much better shape relating the sector ( no warrants/ options and no convertible debt, Management Doesn't take salary either). Revenuves should be spectacular based on recent developments. I believe things could be changed sharply once 10K hit. No risk, no reward.