Chatted with Chris Witty this morning on behalf of a bunch of investors.
Regarding relationships, he could not comment on the relationships just because of SEC procedure, however he gets a bit frustrated with how people think, regarding the relationships because he says that investors will just automatically assume our relationships are not good because we cant comment on them all the time. But they are good.
Chris also stated that they were a bit frustrated regarding the timing of what happened with Vivek because he is Sigma’s advisor and continues to be, although he did have a right to venture off, it kind of caused a bit of difficulty, especially to Chris because he was getting hounded by calls and emails regarding that investigation that has nothing to do with Sigma Labs. And Chris discussed with Mark about the situation and they went about to fix some things, including clarification of Vivek’s Linkedin.
He said that Mark is adamant about the release of Deform this quarter, and said that he will be talking about some of these developments at the conferences.
I asked about the relationships with NAMII and NIST, he couldn’t really talk about that, but he did talk about how some investors are getting worried about the fact that other companies such as EOS are using other inspection systems, as we all know, to help with quality control, but Marks goal is to attack a broader market because as we all know Printrite3D can work on many different systems. I agree with this philosophy, especially if Sigma has the better technology, but this “broader market” is where NIST and NAMII come into play.
He also stated that he is disappointed with the stock price, especially since Sigma now has real product sales and revenue starting to be generated. He actually stated that after yesterday’s news and also after the GE contract he thought the stock price would have went up. He did say they are releasing news when they can, sounded like investors were getting anxious with Chris as many were saying that march is a long time to wait, so that’s why Chris went ahead to talk to Mark about releasing a preliminary 8K, so they did. He did say that Mark sounds very happy with where things are projected to go this year, and right now they are mostly just focusing on selling their product and making potential customers aware of it.
He also said the investors need to be patient because we “Sigma” are like David, and customers like GE and Honeywell “the goliath” which he specifically stated “although they love us” its more going to be based on what their timelines are. So when GE is ready I think we can see a solid increase of demand and we all understand their timelines, 2016 stuff will happen.
Trying to remember anything else. Will post if it comes to my head.
