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Interesting quote and interesting photos. Seems to suggest very positive outlook.
“Nice volume.” ????
As Silver said, the offering is more benign than feared.
The net proceeds will be less than $2M. That “keeps the doors open” for the next quarter, but it also indicates the company expects revenue from sales within that time frame.
I tend to view the size of the offering as a positive sign.
What is the point in you posting basically the same rhetoric several times a day?
Price is kind of irrelevant with such low volume. Not many sellers or buyers.
Why do you continue to suggest there will be more reverse splits?
The previous reverse splits were done in order to reduce the number of outstanding shares and to qualify for uplisting. Neither is necessary now.
Furthermore, reverse splits alone affect the number of shares outstanding and the correlating price per share. Reverse splits alone do not dilute by reducing one’s ownership interest.
I believe the 10-K has to be filed by March 31 - not mid April.
When was this NewsUSA article published?
What is your price target over next 2 years?
Honeywell, Siemens, Rocketdyne and Woodward are still not listed as strategic partners on the Sigma website.
Should have been an easy thing to remedy if the omission was just a technical glitch.
Thank you, Endra. We will be awaiting your lawyerly analysis.
Endra, a few weeks ago you stated you were a lawyer and that you were going to take a look at Sigma’s patent portfolio. What did you determine from your examination ?
In your post 63056 you indicated you were an attorney and that you were going to “delve in” to Sigma’s patent portfolio to see what you could find. What did you determine?
Jackie, what do you think Sigma’s current relationship is with Siemens?
Not too long ago there was a lot of speculation on this board about Siemens being a prime customer for PrIntRite3D but no such news has materialized.
It is also disconcerting that the Sigma website makes no mention of any ongoing relationship with Honeywell, Woodward and Aerodyne.
Thank you for your input on this board.
Does anyone on this board know what Sigma’s current relationship is with Honeywell, Siemens, Rocketdyne and Woodward?
In the PR on December 4, John Rice stated that Sigma “...has agreed to furnish 20 diverse companies and institutions with proposals to test and evaluate PrintRite3D...”
Is today’s announcement the first official notification that any of the 20 proposals have actually resulted in an agreement to test and evaluate?
Machado v Sigma. Good comparable. I agree that Sigma will mean much more to the industrial world than Manny will to the ChiSox or any other club.
Once the warrants are “in the money” (i.e. the pps of the common at $4 or more), I don’t think the warrants will sell on the market for a discount. They will immediately be convertible at $4 less than the price of the common.
If the common is at $12 why would anyone price or sell a warrant for less than its $8 value when it is immediately convertible at $8?
It’s pretty basic.
For the common, take the purchase price and divide by the number of common shares outstanding.
For the warrants, subtract $4 from the price you derive for the common.
If purchase price is $300M and there are 10M shares outstanding the value of a common share would be $30 and the value of a warrant would be $26.
Thank you, Charlie.
Has there been any news about what Mark Cola is doing since his resignation from Sigma?
I wonder if he might eventually be aligned with a potential Sigma suitor.
Why would you want to see a takeover now for “a few million dollars” after watching from the sidelines for years as the company went through the development stage and may now be on the verge of ultimately being worth 10 or 20 or even 30 times more than the present valuation. You would probably be selling the company (and whatever shares you may own) for a pittance of it’s potential.
Thanks, Ted. Hope Ron qualifies for the bonuses well in advance of the expiration date.
Also, I apologize to all on this board for the submission in triplicate. My phone locked up and did not indicate original message - or the second attempt - had transmitted.
Ron Fisher’s employment agreement contains a provision for performances bonus based on certain sales objectives. I believe this agreement has been amended on at least one occasion to extend the date by which the sales objectives must be met.
Does anyone on this board know what the current date is by which these goals must be met in order to trigger the bonus?
Will someone please ask JR about the present headcount. Unfortunately, I cannot be on the conference call Friday morning.
I believe on the last call JR indicated there were 18 employees. Since that time, we know that Mark Cola and Michael Brennen have left the company.
It would be good to know if there have been other departures and if the company is continuing to add staff in anticipation of future business.
I hope those of you who are able to participate in the call on Friday morning will ask probing questions about the current projected timeline for significant sales.
Thanks to those who are able to participate and query.
Thank you.
Congratulations on your profitable trades today. You do realize, I hope, that all transactions 30 days before or after a loss are subject to the wash rule.
I’m not saying you are wrong. I was just interested in your rationale. I find your views and due diligence to be very important contributions to this board.
But to continue the discourse, wouldn’t growing revenues in a new industry command a greater multiple than static revenues in a mature industry?
I don’t subscribe to the notion that the future pps could reach $100M or more, but, for the sake of calculations, wouldn’t the market cap with the current outstanding shares have to be much greater than the 500M you cite in order to achieve a pps of 100 ?
Are you saying it would take a minimum of $250M in recurring revenues to produce a market cap of $500M ?
I think many investment professionals would contend that 5 to 10 times revenues for a burgeoning industry is a more realistic measurement for market cap.
Your math is off. They did not double the authorized.
It seems like earning forecasts are continually getting shoved further into the future.
At one time the company said late 2017. Then it was late 2018. Now Dawson James is saying late 2020.
Is their not a reasonable expectation of sales in the more immediate future?
Did the Early Adopter License Agreements expire in September?
Were they extended in some cases?
If they did expire in September and were not extended, has the company realized new license revenue from customers who had PR3D systems?
As Silver pointed out, the recent price increase is most likely due to the Sigma story becoming more compelling.
Recent investor presentations by John Rice may have also contributed to the recent interest and increase in the pps.
Actually the recent increase in the price of the stock is fairly modest. If info was leaking out about some major development, the price increase would likely be in dollars - not just 5 or 10 cents.
I find it interesting that in today’s letter to shareholders John Rice makes reference to the fact that as a startup “the company developed three technologies: one dental, one munitions, and one in 3D metal manufacturing.”
He then continues that Sigma
“...emerged as a public company narrowing its focus to 3D metal in-process-quality control technologies with Mark leading the effort as a CEO in charge of developing the technology...”
In closing, John makes reference to
“...the multi-discipline technology team...”
The following is obviously just conjecture, but the thought occurs that perhaps Mark’s retirement and the recent purchase of 1.5 M or more shares by Dr. Carl Schwartz are precursors to a scenario where Sigma sells the 3D metal manufacturing technology to someone like Trumpf (for hopefully a nice payout) and then devotes their focus to the other technologies - dental and/or munitions.
Clearly that would support Dr. Schwartz’ investment, and it would also help explain why Mark made a decision to retire.
And just how has Cola benefited or gained from the significant decline in the price of the stock when he has something like 250,000 shares. Seems like the value of his holdings at present represents a HUGE LOSS.
Some on this board think a buyout is likely.
The following is pure speculation, but I wonder if Mark’s retirement was prompted by the fact that he also thinks a buyout is looming - or even imminent -at a time and price that he does not favor and that he therefore wants to disassociate himself from what many shareholders may feel is a premature bailout.
You indicated otherwise just a few days ago in your post 61293.
If John Rice does not issue a PR tomorrow to quiet or dispel all the rumors and speculation, Mark should be asked to make a statement elaborating on his decision to retire.
Or perhaps media outlets could contact John and/or Mark and seek additional information. It is a story certainly of local interest in New Mexico and of national interest to the investment community.
This response was intended for Jackie:
“Ok. Thank you. Stay safe.”
Ok. Thank you. Stay safe
Jackie, do you have any idea when the report on DARPA 3 is expected to be issued?