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PR doesn't make the news. They can only report what the company does and what management chooses or is able to report.
If you have read many prospectuses, I would I would think you would be able to distinguish between legal "boilerplate" and actual fact
Thank you, Jackie, for your efforts to bring some reasonableness to this board with your cohesive statements.
Like you, I do not understand the recent dissent and disdain by so many. Their expectations are in many cases unrealistic.
Wasn't the CEO's fault. The critics here failed to act on their opportunity
Yes, and you get 8-k, 10-Q, quarterly conference calls and PR when warranted.
What do you get from other public companies in which you invest?
Wasn't it your choice to invest in this public company?
That is really well put. One of the most coherent comments I have seen on this board in some time.
To borrow a phrase from the sports lexicon, this (meaning Sigma's ultimate result) is "a marathon, not a sprint."
Thanks for your well reasoned and enlightening perspective.
C'mon. The value of his shares have been affected the same as yours. And are you saying you begrudge his "sweat equity"? If that is the case, you would never have any inventors, developers or entrepreneurs. Do you expect them to establish products or businesses just for your potential benefit if you happen to bet or invest correctly in their success?
Mark Cola has more at stake here than any of us. He is by far the largest single shareholder. Do you think he would deliberately add employees and salary expense, thereby temporarily reducing the value of his equity, if he did not think it would ultimately pay dividends?
Sigma has no debt. Thus far Mark and his staff have been able to meet expenses, and he is on record as saying he expects the company to be profitable in 2016.
The game is far from over. What the ultimate results will be are obviously subject to conjecture. But we are spectators - not players - and will have to wait and let others (the product, the management and the market) determine the final outcome. It is far too early to throw in the towel.
Sigma does have a marketing department and if you would read the reports they have filed you would see that they have had inquiries and provided quotes for their products and services to potential customers. I don't know of many companies in the manufacturing and industrial sectir that provide quotes online for the general public. Can you find quotes for services online or on blogs for products and services offered by GEA, Honeywell, Materialise and others in the AM field?
The company has consistently maintained in its filings that it expects to be profitable for FY16. There are still two quarters to go. Maybe it is time for investors to demonstrate patience rather than skepticism.
Pretty good analysis for a Tar Heel. And that accolade comes from a Blue Devil - and a longtime Sigma investor.
Seriously, your advice is right on point. Thanks.
Sigma reported revenues of $358,455 for 1Q of 2016. An order for $250,000 would represent 69 percent of the most recently reported quarter - not twice or double as you state - and would not likely be considered a material event.
You really should do your due diligence and check the facts before posting comments that are incorrect
I would think you would recognize that is standard boiler plate language in any prospectus.
If you would do your due diligence you would find that Sigma's S-1 registration statement specifically says they have applied for listing on the NASDAQ Capital Market. If you read the statement you would also find that they almost certainly will meet all qualification requirements.
C'mon. Sigma didn't write the article. Engineering.com did. They are writing about Sigma's products from an engineering point - not as an investment vehicle. It is not their job to plug the stock. In fact, that would run counter to their professional principles. It was a very complimentary and positive piece about SGLB. Take it for what it is worth instead of trying to find fault
Thank you for your erudite synopsis.
Thank you, Kanya. I always look forward to your comments and postings on this board.
Not too long ago you seemed to be confident SGLB would sell an average of three systems a month from June on. Have you changed your view? If so, what are your current expectations?
It would seem that SGLB needs engineers and technicians to install and service sales of their systems. I would take these hirings as a positive indication that Sigma anticipates, or may already have, multiple contracts and is ramping up to service those systems.
Kanya,
On several occasions you have posted that you thought Sigma would sell an average of 3 or more systems per month beginning in June. Do you still feel they are likely to achieve this expectation?
Thank you for your response, it is insightful - and alarming.
Could you elaborate so that others who are interested in your comment don't have to place calls and unnecessarily bother Ron Fischer.
Thank you. Your comment about it being enlightening piques our interest.
I thought Cola has more than 300,000 shares of Sigma's stock (30 million plus shares pre-split). The price of the stock must certainly have some relevance to him and to employees who also have shares of the company.
In fact, Cola is the single largest shareholder, so the PPS must mean far more to him than to any of us on this board.
Thanks to you, too. Appreciate your response during these somewhat uncertain times for Sigma
Thanks for your response
Can anyone on this board shed any light as to:
1. The present status of Arête. Has the partnership with the former GE employee been terminated as anticipated by Mark's comments in March? If it has been severed, has there been any explanation as to why?
2. What is the current status of Sigma's relationship with Additive Industries and are Sigma's products being offered in AI's MetalFab1 ?
Is SIGMA an exhibitor at this year's RAPID Conference?
I realize everyone is anxious for revenues to appear. I am too. But I also recognize this is a fledging industry. Perhaps it is a question of Sigma simply bring ahead of the game and having to wait for potential buyers to catch up on their individual AM process to where they need the IPQA products/services. It is a question of timing. Better for SGLB to be out front and early rather than late to the need.
I think Mark does have some "skin in the game". He holds over 300,000 shares post split. Share price is obviously important to him. He may well have more at stake than the total of all of the regular contributors to this board.
I would also point out that we don't know if or when the additional authorized shares may be issued or under what terms or for what purpose. Suppose they were to be ultimately issued as a positive stock split because of appreciation in the price per share or in return for a large stake in SGLB by a GE or a Honeywell or an OEM. Maybe it is best to reserve judgement until we really know.
Kanya,
As mentioned before, I really appreciate your many posts and your insight on AM and Sigma.
When you have time I would really be interested (and I'm sure others would be too) as to how you first became aware of Sigma while spending must of your time in China and what potential you think SGLB has in Asia.
Thank you.
Alan, thank you for your time and effort in attending the board meeting and for sharing your views.
Do you happen to know what percentage of the outstanding shares voted for the proposal to increase the number of authorized shares?
Thank you.
DWOL, I sent a similar email to Chris Witty on Monday morning.
He responded: "Understood....Will pass along and keep you posted on developments."
I have not heard anything further.
Kanya, I appreciate your frequent comments on this board. You appear to be very knowledgable about the AM process and Sigma in particular. I note you spend a lot of your time in China. How did you first become aware of Sigma? Is Sigma well known in the AM industry in Asia? Do you think Asia will be a good market for Sigma's products, or are companies there more apt to develop their own IPQA systems?
Is anyone on this board planning to attend the annual meeting on Thursday?
I have asked Chris Witty if the meeting was going to be webcast or recorded for the benefit of shareholders who are unable to attend. He replied, "I do not think so but will check."
The market cap is determined by the number of outstanding shares multiplied by the price per share. With the present number of outstanding shares, the increase in market cap to 75 M will have to come from an increase in the share price from its present level of $4.50 to something around $11.50.
If the actual number of outstanding shares is ultimately doubled (as some speculate), the share price would have to be about $6 to get to a market cap of 75 M.
Obviously sales and revenues will influence the share price, but they do not directly determine the market cap.
Kanya, I always appreciate your frequent posts and your positive outlook for Sigma.
On several occasions you have commented that you think Sigma will sell 3 systems a month this year and that you project the share price later this year will be in the $30 to $50 range.
When do you expect the 3 system sales per month to begin?
Ninety thousand dollars ($90,000) is not necessarily an exorbitant salary for an office manager for a company like Sigma.
I pay my office manager $75,000 a year and my company is much smaller and more localized with fewer employees. The salary should correlate with the job description and the employee's skills and experience.
In Sigma's case, the salary seems appropriate.
It also seems that given the size and scope of Sigma's present operation, there is no immediate and pressing need for a CFO. The public accounting firm takes care of the audit and reporting functions and oversees the bookkeeping procedures. There is not yet a need for a CFO for a company with 12 employees and Sigma's present revenues. What would a CFO do that the CEO, the office manager and the public accounting firm do not presently do?
Perhaps you are overstating the issues you have with Sigma's management.
The par value of a share of Tesla is $0.001 - the same as SGLB. That same share of Tesla common closed today at $255. Again, the par value of a stock is simply what is printed on the stock certificate. It has no correlation with the market value of the stock. And authorized but unissued shares of a stock do not affect a shareholder's value.
The par value of a share of Apple's common stock is $0.00001