Replies to post #44896 on Sunset Island Group Inc (SIGO)

[loanranger]

That's some feedback. All that's missing is "A good time was had by all!".

What was "the reason they gave" for the failure to file?
You "know what they are doing to remedy the issue"....but aren't going to share that?
"It is just a matter of time. I don't think they are hiding anything." There's something a serious investor can really sink their teeth into. Got a warm, comfortable feeling from the visit and a good sense of their integrity/credibility?

You describe seeing an operation doing the things that this Company says that it is doing involving "equipment that are capable" and met two "women (who) were very knowledgeable and energetic".
That's good. But it's reasonable to think that you wouldn't have been invited in to see what was there if those things weren't in place.

The very same questions that were unanswered before your visit remain unanswered after it.
1. Do the shareholders of Sunset Island Group Inc own those operations and to what extent do they share in any profits that might someday flow from them?
2. Might that ownership be shared with a known penny stock operator? ("they never brought him up and I didn't ask")

"They have a lot of plants...."
"They have labs...."
"they had some device that separates for the prerolls"
"they really are there"

Obviously you weren't there to do a formal audit or records review but your visit did nothing to allow SIGO shareholders to do something that they should be entitled to do....replace the word "they" in the above four phrases with "we".

It's the same question that has been out there since day one. And it's not "Is there an active cannabis operation with nice ladies in it at 20420 Spence Rd?"....you definitely answered that. I think that there was a tour or two ahead of yours that left with that same impression.

Who owns what you saw?
If it's the SIGO shareholders and some other entity/entities, who are they?
Is the operation generating profitable revenues for its owners?
Were you and your daughter the "Marine Science and Environmental Science Major" able to assess the potential of the operation in any quantifiable way?

Obviously those things can't be answered on a brief guided tour. I hope it was a nice day anyway.

[chemist72]

The situation seems as I expected. Real operations.

But still SEC non-compliant for whatever reason. How is a serious investor supposed to put their money at risk when no information regarding their operations has been filed with the SEC since their 2017 10-K (which covers the period from Oct. 2016 to Oct. 2017)?

8-K's just aren't good enough for most serious investors. Not to mention the fact that most of the forward looking statements in their 8-K's never came to fruition (with the exception of their recently filed 2017 10-K).

So thanks for your report. It may give comfort to some, but not to me. This company/stock has been a terrible investment for most. The current stock price of $.18 proves that. We still know nothing about what they did or did not accomplish in 2018 nor what they have accomplished in 2019. We know nothing about the status of the Fife loan that they received in Feb. 2018. To sum up, shareholders no much about nothing.

Anyway, thanks for your visit and report. You have done much more than the company has, to try and clarify what is happening at 20420 Spence Road. Best of luck to you and your family.

[chemist72]

Did you think they're running an all cash business??