Silver,
I agree with the overall direction of your thinking, but disagree a bit as to the details..(sheesh, if I did not disagree some people might think something was wrong..lol).
As I understand it, these shares and warrants are going to be available only after uplisting to the NASDAQ. I think the uplisting will provide some sort of a pop for the pps. I hope that the uplisting follows shortly after an announcement of a significant contract, or is concurrent. That too would provide a bit of a pop. As such, my WAG estimate for the pps at the time of the shares becoming available would be a minimum of double where we are now, thus just half the shares you are calculating would be sold, with warrants. I get a guesstimate of 1.5m shares and 1.5m warrants yielding a total of 9.7m rather than your total of 13m. The 25% difference in the float will result in a nearly 33% increase in the pps. If the uplist and contract pop is more significant, then even less shares will be required to get the $10m value. Thus, I think that the potential dilution is a bit less than the figure you are looking at.
I believe that with uplisting, contracts, revenues and profits, SGLB will get the attention of institutional investors who by their charters are unable to take positions in OTC stocks. I doubt that the current investor pool is going to make big changes in the way that they support SGLB. Those who are "dot connectors" or card carrying sigmaniacs are going to continue to buy shares, as they are most likely doing now. Those who refuse to buy more now, demanding contracts, revenues and profits will most likely wait some more. It is going to be the "new" investors who will pony up. I believe that they will be getting in at a pps well north of our current levels, at least double and maybe higher by quite a bit.
My personal course of action is going to be to continue to add, just like I have on a very regular basis over the past 4 years. When the shares with warrants attached are available, I will probably be adding then too. I have a poor record of trying to time purchases - or I should say, in the past when I did try to time purchases I did not do much better (if at all) than I do by just going ahead and purchasing shares when I have the available $ I spend less energy and effort in the attempt to time the purchase and I am a more relaxed fellow for it. That value is important to me.
patience and GLTA
