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Have you ever had a brokerage house or investment counselor tell you a stock is overvalued or undervalued?
Wohlers reports that there were 1,768 metal AM systems sold in 2017. That represented an increase of about 80% over the previous year.
I believe there have been projections of 10,000 metal AM printers per year being produced within the next few years.
So, yes, there is enormous growth expected in the industry and great potential for Sigma and others. Sigma’s future results depend obviously on what percentage of the market they can capture.
Suppose Sigma was to ultimately capture 10% of the market or 1000 machines a year. Work the numbers.
Why is it any different than a company buying TV time or space in a newspaper or magazine to place an ad and promote their company’s product?
You are confusing this with a company hiring a 3rd non-affiliated party to pump their stock.
This was our CEO telling the Sigma story and promoting the company. As others have said, that’s what a CEO is expected to do.
This was not a 3rd party being paid to pump the company. This was John delivering his message to the investment community.
Shareholders should be pleased with the exposure provided.
I think you drastically underestimate how the market will react when Sigma announces its first sale.
Has anyone on this board seen or heard any reports about Sigma from the AM Conference & Exposition in Austin, Texas that concludes today?
Today is not the deadline for Kanya.
The company must announce significant events within 3 days. That does not mean 3 days before the event happens !
The clock will not expire at close of business today. Kanya presumably has until midnight Saturday, August 31.
It’s time for Kanya’s “2 minute drill.”
If I think the stock is going to “nothing,” I’m out of here and moving on. Obviously that is not my expectation.
I didn’t say $100 - or $200.
I said “...escalating dramatically (beyond $20)...”
I just think if the product is successful and results in significant orders, the company and its shareholders should ultimately expect a value far greater than $20 per share.
I agree. It’s kind of “all or nothing.”
The product either proves to be a great success resulting in big commercial orders with the pps escalating dramatically (beyond $20) or the company ultimately sells the patents and closes shop.
Breakeven operations would appear to require revenues greater than $6M per year which would signify that JR expects significant sales in the near future
The prudent investor would most likely evaluate the facts at that time rather than trying to put a price on the stock 12-18 months out before the first significant sale of product.
$20 a share might look good a year from now but an analysis of revenues and future projections if a buyout was proffered 12-18 months from now could indicate that the value should be $30 or $50 or $100 - or $6 or $10 - a share.
It seems like a fruitless exercise at this time when we don’t know if and when an offer might be made and what the facts will be at that time.
I certainly do not want to commit now to a buyout price a year or two from now.
Did you actually scroll through the list of exhibitors? They are listed alphabetically. Sigma Labs is listed under the letter “S.”
It is purely my speculation, but I interpret John Rice’s statement to imply that he expects within the next ninety days for one or more of the RTE to “materialize” into revenue generating contracts and/or for one or more of the OEM to provide “Sigma Inside.”
It’s clearly just my opinion and my interpretation. Time will tell.
Now that Sigma has announced that quarterly conference calls will be resumed in November, it is interesting to note the following statement by John Rice in today’s release:
“I believe we are on the cusp of realizing key operational milestones that position us for a memorable year ...”
That’s a pretty strong and positive statement when he knows he will have to address and answer for it in November.
There has been no previous news or comment about Sigma having planned to change IR firms. So, your conclusion is most interesting and suggests that perhaps you are an “insider.”
I hope you are because we could all benefit from having a better idea as to what is really going on.
With Sigma changing IR firms, it now appears that perhaps the former firm, Core IR, may have been responsible for the ill-conceived idea of releasing the PR on the Airbus RTE and then following up after the close that day with the announcement of the public offering.
The subsequent market reaction confirmed that the sequence of those two PRs seemed to be in inverse order.
Their website describes MZ Group, Sigma’s new investor relations firm, as “...a multinational company and the world’s largest independent investor relations and corporate communications firm.”
Hopefully they can encourage John Rice to be more forthright and transparent in communicating with stockholders.
It appears Sigma has a new investor relations firm - MZ Group.
That is standard “boiler plate” language in every prospectus.
I think you are using the term “median” incorrectly. Median is the midpoint and would not by definition be near the high point.
“Mean” is the arithmetic average.
I agree. That is what we hope for. Seems to be a reasonable expectation. My concern is the lack of any communication and forthrightness from John Rice.
Granted. The offering is priced at $0.80. But it would not have been priced that low if the selloff had not been so extreme - and, in my opinion, unwarranted
The offering is to be completed Friday. Let’s see what happens after that. Should be very interesting.
The issuance of 2.875 M new shares results in dilution of about 20% for present shareholders.
Yet, the present pps of $0.77 represents a decrease of about 55%
from the $1.70 reached yesterday after the announcement of the Airbus RTE and a decrease of about 40% from the close on Monday prior to the Airbus PR.
I also think JR is being deceptive in moving up the date of the annual meeting and then following up two weeks later with the announcement of this offering and need to dilute.
His lack of communication and transparency is really troubling and shows an utter disregard for shareholders.
Just saw the pricing for the new offering - 2.875 M shares at $0.80.
If JR had reversed the order of the announcements yesterday, or announced them concurrently, the company could have benefitted from a higher offering price and raised much more money.
The present pricing in the $0.70 - 0.80 appears to really undervalue SGLB.
The price rose to $1.70 + yesterday following the announcement of the Airbus RTE.
The price now is less than 1/2 if that.
The dilution resulting from the issuing of new shares in the offering is not going to approach 50 percent.
If 2M or 2.5M new shares are issued, the value put on the stock yesterday after the Airbus PR should equate to around $1.20 - 1.30 after allowing for the dilution.
The selloff is way overdone. Extreme !
Vision, I always appreciate your input an your views, but I have a question.
With the share price below $1.00, how do you think Sigma will avoid delisting and return back to the OTC market?
Do you think they will have to do a RS in order to maintain pps requirement on NASDAQ?
If Schwartz did sell it will sure smell like “insider” trading and lead to some major problems for those involved.
We will soon know because he and Sigma would have to file and disclose.
I agree, JR has shown no regard for shareholders.
I have been long for many years and hold a sizable number of shares.
I believe in the product, but I am utterly dismayed at the lack of communication and transparency by John Rice.
Yesterday’s action was egregious. Shareholders were deceived and sacrificed for “insiders” who obviously knew of the forthcoming offering and resulting dilution and were thus able to capitalize on the run-up after the Airbus PR.
The deception could have been avoided if Rice had announced the offering first and then followed with the Airbus RTE. There was no need to run the price up to $1.70 except to benefit those with knowledge of what was coming and to plunder those who did not.
Abhorrent action by management.
This appears to be positive confirmation for the effectiveness of PR3D Inspect 5.0.
Airbus would not have entered into RTE if there had been negative feedback from others.
Your running mate, Outlook2020, is ahead of you this week with 39 posts to your 18.
I thought you vowed a week or so ago to devote less time to posting about Sigma in an effort to ease your frustration.
In view of the fact that the quarterly conference calls have been discontinued, the recent annual meeting should have warranted a letter to the shareholders and some update on the state of the company from John Rice.
Ok, I understand, but your brokerage service needs to be more precise in their description of the information they are providing. The verbiage they used in the listing you forwarded is incorrect and misleading.
Wick, thank you for the listing. However, I think it is mislabeled or misidentified when you state it is a listing of the largest shareholders in Sigma. Only 5 of the institutions listed hold 10,000 or more shares, only 2 have 25,000 or more. I suspect there are more than a few posters on this board with holdings in excess of both of those marks.
Instead of largest shareholders, is this simply a listing of all institutions holding shares in SGLB as of June 30?
Please clarify.
Thank you.
The trading volume was higher today but it is still a very insignificant percentage of the float and certainly not instructive as to any news or developments that may be forthcoming at the annual meeting.
The price of any buyout is dependent on the time frame.
Sigma may well command a much higher price in 2020 or 2022 than it would today.
And I suggest you do some dd on Ted before you call “bs” on him. If you read his posts and particularly his responses to others asking questions or seeking answers, I think you will find he is perhaps the most knowledgeable and well informed on the inner workings of Sigma.
That was not a formula. It was someone’s conjecture.
So if someone thinks it may be bought out at $6 and someone else is if the opinion there will be a buyout at $100, you simply have a wide range and only time will tell.
There is no magic formula. The price will be determined by what a buyer would be willing to offer and what Sigma would be willing to accept. Anything else at this point is simply guesswork or hope.
Thank you for your trsponse
Have Rice and the other directors actually bought shares or are they simply the beneficiaries of the options they have been granted?