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It also states
The MCP is an embedded hardware and software solution that addresses the growing need for broader and more straightforward control over the additive manufacturing process by giving full control to the end-user. The companies have achieved the integration and are now positioned to offer a unique product solution for retrofit of existing machines, OEM machine integration and closed loop control.
I know SGLB has spoken of trying to get to closed loop control. I wonder if this has been accomplished now... That would be huge as PRINTRITE can detect issues in a part and fix it automatically now without user intervention.
Have you not been following the board for years?? It’s supposed to detect when it happens and allow for corrections. Otherwise Sglb would have no reason to have a product.
Ruport said end users driving growth. This is relevant info.
I asked the q on the accuracy of printrite vs CT and the overall feedback from clients and I was pleased at Marks answer and the fact that printrite even exposed another CT company that wasn’t as accurate as they should’ve been. Pretty interesting.
Sigma Labs Announces Private Placement of Convertible Preferred Stock and Warrants
https://finance.yahoo.com/news/sigma-labs-announces-private-placement-141500320.html
I agree. I feel like we should mark him under SPAM if he keeps spewing the same thing over and over and over again.... Sadly he only looks at this board from his history so he has time....
I mean..."waiting" on disruptive technology really doesn't go hand in hand. In any disruptive technology that allows "the 4th industrial revolution" is always going to be advantage to the person first to market. I read articles with boeing's issues that airbus has huge orders to fill and the only way they can do that is via printed parts imho. Otherwise the backlog will be long and you know boeing will come back eventually and takes those orders away at some point just because companies need planes now. The companies you speak of are companies that have no potential and some assets that can create synergies so it makes sense to gobble them up when their at a low point but with SGLB there is def more of a risk/reward scenario. Def not a dying dinosaur.
Bottom has been reached and skies the limits...
Correct me if I’m wrong but if Monday it stays above 1 we are good for the 10 days listing above $1. Don’t want to jinx it but will buy to make sure we get there !!!
Even 1% of that is Sglb market cap !
I listened to all of it and I was happy he said that there was no negative feedback from the 6 companies evaluating in the final stages which shows me that their accuracy from CT scans with which they validate against is very high if not the same (could it be even better ???). Very good tid bits in the audio
Thanks for the updates. How did you watch this ?
Depends on if they were already overvalued before the negotiations happened. The premium a company will pay is not high if a company is already overvalued but you would also take into consideration their multiples on forward looking earnings. A takeover should help both companies at the end. SGLB is def undervalued.
Tide is Turing you can’t deny technology
Understood. I get different answers on different material on when/how these things get vested. Live and learn.
Well the company gives them the options but it's up to them when to actually purchase the option and at what price. So he picked and chose his spots when he actually purchased it, unless you can find something that says otherwise.
Insider Trades @ SGLB Analysis
I decided to go through the last 2 years of EDGAR Releases on Acquired Stock/Warrants/Options between John Rice (CEO), Darren Beckett (CTO) and Big Investor Carl Schwartz. Below are all the transactions I found, the insight and the takeaways I see. Hope this is helpful!
The key takeaways I see from trading are:
1) Both John and Darren buy only options. People usually buy Options to leverage the amount of shares they can get. I.e You will be able to buy more stock with less money upfront in options so it's a good strategy.
2) Carl only buys warrants and stocks. This also indicates usually the person is confident that the stock price is too low and should be way higher. He also might not have options knowledge
3) John is clearly trying to average down with the same option contract size in his last 9 option purchases. Darren usually does smaller size contracts but when the price hit 0.67 he did a huge contract which tells me he thinks its a bottom (could he be right??)
4) Carl is getting way more aggressive with his buying from Mid this year till now -almost a million shares bought (not including the warrant that allows him 200K shares)
5) No Selling Whatsoever anywhere, which shows confidence in management and Carl.
What is their Average Cost?
John:: Calculating the Options and what price its at he averaged 415K common shares @$1.48
Darren:: Calculating the Options and what price its at he averaged 112K common shares @$1.13
Carl:: Total Stock shares of 2.1 Million common shares @$1.13
Below are all the transactions.
------------------------------------------------------------
Person Equity/Option Type Date Purchased Quantity Price Expiration
John Rice(CEO) |price| shares| shares x px| Final Avg Px|
Stock Option (right to buy) Option 04/23/18 (04/19/18) 20000 Common Shares $1.88 4/18/2023 1.88 20000 37600
Stock Option (right to buy) Option 04/23/18 (04/19/18) 20000 Common Shares $1.54 4/18/2023 1.54 20000 30800
Stock Option (right to buy) Option 04/23/18 (04/19/18) 20000 Common Shares $1.48 4/18/2023 1.48 20000 29600
Stock Option (right to buy) Option 4/30/2018 20000 Common Shares $1.1024 4/30/2023 1.1 20000 22000
Stock Option (right to buy) Option 5/31/2018 20000 Common Shares $1.47 5/31/2023 1.47 20000 29400
Stock Option (right to buy) Option 6/30/2018 20000 Common Shares $1.19 6/30/2023 1.19 20000 23800
Stock Option (right to buy) Option 7/31/2018 20000 Common Shares $0.87 7/31/2023 0.87 20000 17400
Stock Option (right to buy) Option 11/1/2018 68750 Common Shares $1.79 11/1/2023 1.79 68750 123062.5
Stock Option (right to buy) Option 12/1/2018 22916 Common Shares $1.51 12/1/2023 1.51 22916 34603.16
Stock Option (right to buy) Option 2/1/2019 22916 Common Shares $1.9262 1/31/2024 1.92 22916 43998.72
Stock Option (right to buy) Option 3/1/2019 22916 Common Shares $2.04 2/29/2024 2.04 22916 46748.64
Stock Option (right to buy) Option 4/1/2019 22916 Common Shares $1.47 3/29/2024 1.47 22916 33686.52
Stock Option (right to buy) Option 4/30/2024 22916 Common Shares $1.50 4/30/2024 1.5 22916 34374
Stock Option (right to buy) Option 5/1/2019 22916 Common Shares $1.50 4/30/2024 1.5 22916 34374
Stock Option (right to buy) Option 6/1/2019 22916 Common Shares $1.2 5/31/2024 1.2 22916 27499.2
Stock Option (right to buy) Option 7/18/2019 22916 Common Shares $1.4 6/30/2024 1.4 22916 32082.4
Stock Option (right to buy) Option 8/1/2019 22922 Common Shares $0.74 7/31/2024 0.74 22922 16962.28
415k Shares 1.4891349398 1.4891349398
Darren Beckett (CTO) |price |shares |shares x px |Final Avg Px|
Stock Option (right to buy) Option 7/19/2018 15000 Common Shares $1.92 10/13/2022 1.92 15000 28800
Stock Option (right to buy) Option 7/19/2018 15000 Common Shares $1.56 2/26/2028 1.56 15000 23400
Stock Option (right to buy) Option 10/18/2018 20000 Common Shares $1.206 10/17/2023 1.206 22916 27636.696
Stock Option (right to buy) Option 1/1/2019 22916 Common Shares $1.5 1.5 5000 7500
Stock Option (right to buy) Option 7/18/2019 5000 Common Shares $1.2366 7/17/2024 1.23 5000 6150
Stock Option (right to buy) Option 10/11/2019 50000 Common Shares $0.67 10/10/2024 0.67 50000 33500
112K Shares 1.1318228814 1.1318228814
Carl Schwartz (Big Investor)
Warrants to puchase Common Stock Warrant 8/8/2018 375000 Common Shares $1.47 10/7/2023 1.47 375000 551250
Stock Stock 7/25/2018 11572 $.8595 0.86 11572 9951.92
Stock Stock 7/26/2018 18225 $.8485 0.85 18225 15491.25
Stock Stock 7/27/2018 11900 $.86 0.86 11900 10234
Stock Stock 7/30/2018 20400 $.8294 0.82 20400 16728
Stock Stock 7/31/2018 3745 $.8478 0.84 3745 3145.8
Stock Stock 8/1/2018 6163 $.8467 0.84 6163 5176.92
Stock Stock 8/2/2018 11900 $.8451 0.84 11900 9996
Stock Stock 8/3/2018 100 $.85 0.85 100 85
Stock Stock 8/6/2018 33067 $.8957 0.85 33067 28106.95
Stock Stock 8/7/2018 27025 $.8999 0.89 27025 24052.25
Stock Stock 8/16/2018 26606 $.88 0.88 26606 23413.28
Stock Stock 8/17/2018 36411 $.97 0.97 36411 35318.67
Stock Stock 8/20/2018 65374 $.98 0.98 65374 64066.52
Stock Stock 8/21/2018 106753 $.99 0.99 106753 105685.47
Stock Stock 8/22/2018 3600 $1.02 1.02 3600 3672
Stock Stock 8/23/2018 57083 $1.03 1.03 57083 58795.49
Stock Stock 8/24/2018 99756 $1.03 1.03 99756 102748.68
Stock Stock 8/27/2018 8063 $1.02 1.02 8063 8224.26
Stock Stock 8/28/2018 7361 $1.03 1.03 7361 7581.83
Stock Stock 8/29/2018 88993 $1.02 1.02 88993 90772.86
Stock Stock 5/7/2019 400000 $1.40 1.4 400000 560000
Warrants to puchase Common Stock Warrant 5/7/2019 200000 Common Shares $1.56 11/8/2024 1.56 200000 312000
Stock Stock 8/8/2019 437567 $0.69 0.69 437567 301921.23
Stock Stock 8/9/2019 62433 $0.75 0.75 62433 46824.75
2119097 1.13 1.13
Initially what brought me in was the 3D printing industry as a whole evolving and that GE was the name being thrown around which was intriguing and got me involved. But I have seen the growth now and the many other companies since then and I felt like it was a good time to come back and respond on the boards. Like I said I have always been reading but I think it was about time I start back on writing on the boards....I probably attribute that to the maturity of PR3D and the excitement again of all the Big industry leaders evolving with Additive and looking at quality assurance products such as PR3D. I also have gone through hard times with the old management but I feel like this one is more business savvy. Obviously we can’t forget the old management that drove the technology first. If I know one thing from my brother starting a company it’s that you can be really good at the tech but the business side is a whole other animal. I see mark and company as the tech and JR as the business side. Although he has also evolved the tech to make it easier for businesses to use, under the hood is mark and Vivek. Both managements were def needed to get PR3D to where it’s at. Obviously not all startups succeed but given what I see with this company and the niche that it”s in and the players they work with it definitely gives me confidence of its success then failure. That’s all that anyone can ask in an investment, right ? Hopefully this will be the little additive engine that could! With that being said I would probably want a big company in the industry to take a stake in SGLB to get more cash in the reserves and to work with them to fortify the use of PR3D in the industry. I truly believe once one big player signs a major contract then other major companies will all fall like dominoes. Waiting on that first one to fall but I feel it will be soon!
Always been reading and supporting since 2014 :)
I think people who have computer science degrees like myself and other engineers know exactly what great opportunity this is. Excited to see the coming months now that most of the core development is done and validation of the product is underway
Thanks Tedj for the info
What was that quote on the call about a wall street firm?
Yes, and it also allows customers to validate the product with their own external vendors against Sigma's data. Once the big guys validate that PR3D data is valid as to what has been done in the past with CT scans, etc then everyone will follow without hesitation of having to verify themselves that the data Sigma produces is correct.
They also seem like a good size company with good revenue (268 Mill EU) and over 2K employees. Any chunk of their business will be substantial for SGLB!
https://www.vttresearch.com/Documents/vtt_about_us/presentation_material/vtt_review/VTT_Annual_Report_2018.pdf
Hard to price something that has never been priced before. It will be interesting to see pricing models but anything less than CT scans and also people to do those scans is worth the $ with PrintR
ZzZ
Depending on how fast it goes up it can Halt from 5 mins to 20 mins I've seen... this looks like it will be a 10 min halt..10:02:17 should likely resume
Sglb Halted for 5 mins at Nasdaq it's rising so fast!
Just released::
https://globenewswire.com/news-release/2017/03/30/947117/0/en/Sigma-Labs-Furthers-Strategic-Alliance-with-Morf3D.html
SANTA FE, N.M., March 30, 2017 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, today announced that it has made an investment in the principal amount of $500,000 to Morf3D, a strategic partner, pursuant to a secured convertible promissory note (the “Note”).
The Note further extends our strategic alliance and supports Morf3D's leasing of an EOS M400 system to expand production for contracts related to additive manufacturing (“AM”) of high-precision aerospace & defense (“A&D”) components. Morf3D currently one of a handful of companies qualified for additive manufacturing of production flight hardware for key Aerospace and Defense OEMs. This agreement strengthens Sigma Labs’ strategic alliance and is in contemplation of a possible merger of combined interests with Morf3D.
“As we continue to cement our long-term relationship, this convertible note will enable Morf3D to acquire new equipment, increase its production capacity, and, in tandem, use Sigma Labs’ PrintRite3D® QA software as it expands its additive manufacturing offerings to customers,” said Mark Cola, President and CEO of Sigma Labs. “Together with Morf3D, we are excited to take this next step and assess ways to further align our businesses to be able to provide a complete, integrated AM solution for A&D customers and, potentially, build an organization that can oversee the entire AM value chain – from material selection to design and manufacturing, as well as in-process quality assurance. We could then better serve the entire A&D industry, which is rapidly transitioning to 3D metal manufacturing.”
Ivan Madera, Morf3D CEO, added, “This transaction by Sigma Labs represents yet another significant step in realizing our mutual industry vision in delivering an unmatched and unique supplier-partner offering to the aerospace, defense and industrial markets. Our objective is to deliver a seamless and fully-integrated digital manufacturing enterprise using the most advanced AM technologies. We’ve seen success with our client-collaboration business model, and now we’ll expand this with Sigma’s industry-leading quality assurance systems. It’s a truly unique competitive advantage.”
About Sigma Labs, Inc.
Sigma Labs, Inc. is a provider of quality assurance software under the PrintRite3D® brand and a developer of advanced, in-process, non-destructive quality assurance software for commercial firms worldwide seeking productive solutions for advanced manufacturing. For more information please visit us at www.sigmalabsinc.com.
About Morf3D
Morf3D is a privately held corporation headquartered in El Segundo, CA. The company specializes in additive engineering and manufacturing with metals and provides advisory services in additive manufacturing strategy and technology adoption road-mapping. Morf3D opened its Innovation Center in September 2015 and received AS9100 certification and ITAR approval in 2016. The company has received product development contracts from aircraft, space, medical and automotive customers, and expects to commence serial production contracts in 2017. It has further scaled its business with the addition of engineering staff, computerized scanning and inspection systems, and post-process machining and finishing equipment. For more information, please visit www.morf3d.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." These forward-looking statements are subject to a number of risks, uncertainties and assumptions that could adversely affect us, including that the contemplated acquisition of or merger with Morf3D is not consummated, and the risks set forth in Sigma Labs' most recent annual report on Form 10-K. The forward-looking statements in this press release are made only as of the date of this press release. Sigma Labs undertakes no obligation to update any of these forward-looking statements, whether as a result of new information, future events or otherwise.
Got To like...
The two companies will also work together to manufacture certain 3D printed parts going forward; contracts already in hand are expected to translate into substantial revenue for Sigma Labs in 2017.
Contracts in hand is guaranteed money!
Glad we have multiple streams of revenue going on right now
As well grant money is always good. Mark c sad demonstrate and never said develop In his statement so if they can get grant money while working with Honeywell to get them using Ipqa on their systems then I'm all for it. This just shows that ther technology is still relevant and works. Still waiting in the wings.
To me the shares are incentive for people to take lower salary but they will get shares in the company and if people didn't think the company will thrive they wouldn't take shares when employed. It's a good sign.
This is great news in terms of our uplisting efforts and it's the right steps to get a cfo that is actively involved in day to day operations. It also shows the boards confidence in print rite in the market place and is definitely a great sign for the company heading in the right direction,
shoutout to GE and Honeywell as well in the PR
This is a great opportunity to work with another aerospace provider to showcase the benefits of our PrintRite3D® technology for advanced AM monitoring of precision aircraft component production. Using our proprietary In-Process Quality Assurance (IPQA®) software, companies like Woodward, GE, and Honeywell are likely to find it easier to manufacture the quality parts they need
Read more: http://www.nasdaq.com/press-release/woodward-joins-sigma-labs-early-adopter-program-20160706-00291#ixzz4DdGrrD9H
Seems like more players are starting to ramp to production. If everyone starts using printrite it will be a standard on its own.
I definitely think you are accurate and I too am a bit fustrated as I would've liked to not have the r/s without any big big news following. I would've also thought that the 100k repurchase would be used to stabilize the stock price post r/s but that doesn't seem to have happened. Definitely weak hands are leaving and ppl who believe in the technology are still here. I'm hoping for a capitulation from the big stock price decline we have seen but only news will stabilize it. Nothing has changed in my mind about the company but I definitely think the CFO should've held out on this r/s at this time. Wait and see seems to be the order of the day. Once on contract is signed there will be a domino affect but we just need that one domino to fall in place first!
Great summary of the technology and impressive how Sglb got 6 page spread in metal AM
http://www.metal-am.com/assets/userfiles/metal-am/Magazines/Metal_AM_Spring_2016_Vol_2_No_1_sp.pdf
Starts at page 75
Done