Replies to post #45778 on Sunset Island Group Inc (SIGO)

[mvwise1]

Totally agree!
I've read that from their Quarterly filing but most of their statement are conflicting.
Like this one.
"...license transfers necessary to close the Asset Purchase Agreement. During the three months ended June 30, 2022, based on the remote likelihood of the Company closing this acquisition...,"

"As of the date of this filing, the conditions precedent to the closing of the Asset Purchase Agreement remain in the process of implementation, so that the Asset Purchase Agreement closing has not yet occurred pursuant to its terms. Legal counsel for MCOA is currently in the process of working with VBF, Salinas Diversified Ventures, and the relevant state and local governments to effect the change of control and license transfers necessary to close the Asset Purchase Agreement. During the three months ended June 30, 2022, based on the remote likelihood of the Company closing this acquisition, the Company recognized a loss of $2,020,982 related to the preliminary fair value of the business that was recognized as an other current asset during the year ended December 31, 2021 when the Company assumed the convertible promissory notes from SIGO with St. George."