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You should know that the par value of a stock for almost all companies, big and small, is usually a very small number like $0.01 or $0.001 and has nothing to do with the market value of the stock.
You are correct. For SGLB the 10 Q for 1Q is due no later than Monday, May 16.
I believe the filing date for quarterly 10 Q is now 35 following the end if the quarter. It used to be 45 days. So, we should expect report on 1Q earnings by May 5.
Some on this board were critical yesterday as to why Sigma issued another release about the temporary change in the symbol designation and alleged that it was tantamount to pumping.
Well, Yahoo and Seeking Alpha are two industry sources that are still using the SGLB designation (without the D added) and the pre-split share price from March 16.
Maybe that explains the need for the additional PR.
I do not agree with your assertion. If a company issues previously authorized but unissued shares to pay for assets or earnings of similar value there is certainly no dilution for the existing shareholders. It is simply a trade of one asset for another asset of equal value and does not diminish shareholder value.
From your various postings, you obviously do not have a very high regard for Sigma or its management. You continually denigrate their actions and categorize them as an unworthy investment. You certainly must not have a long position in the stock. It makes one wonder what agenda you must have when you devote so much time to posting negative comments about a company for which you have so little regard. It would appear to many that you devote a lot of time trying to drive down the price of the stock for whatever reason you may have.
That's not much of an answer to the CEO question you posed. Do you not think Mark Cola is the CEO of Sigma Labs?
What are you talking about? What do you think Mark Cola is? And how does the stock split or whatever you claim is "restructuring" affect the company's ability to compensate their employees?
If you are a seasoned and knowledgeable investor with no agenda, I would think you would know that virtually many companies have authorized shares far exceeding outstanding issues shares.
Authorized but unissued shares are held for possible future use for acquisitions, expansion and other business uses that might enhance the overall value of the company. They are also held for future stock splits.
Unissued shares certainly do not devalue a company. If and when issued they may greatly enhance the value of the company.
Not all investors, financial service companies and other parties were aware of the symbol change. Yahoo for example was still identifying Sigma by the pre-split price and SGLB designation.
The new PR was issued to advise those who had missed the original announcement of the split.
Today's PR is certainly just routine business and no one should read something negative into it.
The 10k (page 16) specifically states that the company is authorized to issue 10,000,000 (ten million) shares of preferred.
Yes, the Sysmex agreement allows for a 27 month study which would expire March 17, 2017
The questions are excellent. They are the ones that need to be asked. And you express them very well. BUT, I wonder if Mark will accept that many questions from any one individual when others may be waiting to speak. You might need to consider splitting these questions up among others of your choosing to ensure that all of the very important issues are addressed at some point in the cc.
Your contributions to this board far outweigh one "oops." Enjoy your coffee.
The dateline on that story about Hybrid is March 23, 2015 and goes on to say that the award had already been presented in Orlando. That news is a year old.
I stand corrected. Conference call is Wednesday, March 16.
Conference call is Tuesday, March 15
Kanya, why do you expect March will be "...an exciting month for all of us"?
Are there events or expectations beyond the conference call that you anticipate?
Your insight and contributions to this board are very helpful.
I have reviewed the webinar on Tech Briefs Media Group and did not find any reference to SGLB or the quality assurance process. The presentation focused on other aspects - what they have been able to build, what metals have been used, comparison with machine built etc.
I, for one, would not like to see a buyout in the $0.15 range. I think the outlook for SGLB is far greater - in fact, many times greater.
This is still a fledgling industry but yet a potentially burgeoning one in the not too distant future.
Be patient. SGLB has products that will seemingly be in demand but they really cannot consummate sales until additive manufacturers are far enough along in their mass production to where they need quality assurance. In my judgement, those days are not far off. SGLB appears to be ready, but they alone cannot dictate or rush the process.
Thank you, jpi. I will be interesting to see if Honeywell makes any reference to SGLB
I have a note on my calendar that Honeywell is scheduled to make an important presentation tomorrow. Does anyone on this board know where and what time? Is the presentation to be focused on the AM process?
Thank you to any who might be able to expound on this.
Kanya. Thank you for your insight and contributions to this board. You appear to be well versed on Sigma and the AM industry.
You have indicated you spend a lot of time in China on your professional assignments. Rockville Asset Management, whose offices are in China, is the largest shareholder in Sigma. Are you acquainted with Rockville and do you have any sense as to how they currently view their investment in Sigma?
Thank you for whatever you are able to add to this question.
GetRich1day, your insight and DD have been valuable contributions to this board, and, for me, they take on additional significance with your declaration that you are an independent investor. Thank you for your well reasoned comments.
Thank you for your response, bkmomail.
I think it adds substance to the comments on this board when posters are able to indicate that they are independent investors and have no direct ties to the company as employees or agents.
Listing requirements for the NASDAQ, ASE and NYSE are readily available online. There are minimum standards for share price, revenue, trading volume, number of shareholders, market cap etc.
I would think Mark Cola certainly cares about the share price. Recent SEC filings indicate he holds in excess of 30 million shares.
The share price and market cap will also greatly affect the company's ability to secure financing in the future if necessary for growth or other needs
A "huge comeback" on the basis of 100 shares traded for about $9.00 ?
C'mon, let's be realistic.
Thank you, 3dtdman. That post is helpful - and encouraging.
Thanks, 3dtdman. It is a very positive statement, but obviously would be more meaningful if more current. I, like many, am anxious to hear news of recent sales and/or developments.
I really appreciate your contributions to this board. To me, you appear to very well informed and conversant with the AM process and SGLB in particular.
Your recent comments though caused me to wonder if you have become less optimistic about SIgma's potential in the European markets.
To what degree do you think the cross licensing agreements to which you make reference will impact Sigma's relationships and business potential with Spartacus, Additive and Materialize?
You appear to have a strong relationship with Mark Cola. I do wish you would urge him to do a better job of communicating with and enlightening the SGLB shareholders. There is a big void between the quarterly conference calls.
Thanks again for all your input.
That is a nice statement by Spartacus. What is the date of that PR? Is it recent or was it made last fall at the time of the original announcement?
I hope that is not a late reference to and bad translation of the $500,000 award from GE Aviation in January 2015.
I inadvertently transmitted the previous post prematurely. I wanted to ask how you arrive at your projected PPS of $0.27 if SGLB does produce (as you have suggested) $183 M in revenue.
If SGLB attained a profit margin of 20% on those revenues, the earnings (based on present number of shares outstanding would be about $0.055 per share. A PE multiple of from 20 to 40 (not unusual for a young dynamic growth company) would then give a price range from $1.10 to $2.20.
If the profit margin was 25%, the projected price range (depending on the PE multiple) would be $1.39 to $2.77.
I think most of us would be extremely delighted if Sigma produces the revenue you project. If it does reach that goal (or anything close), I just think the share price would be much greater than what you calculated.
Thanks, as always, for your valuable comments and contributions to this board.
You posted several days ago (Nov 29) that you thought the share price would be greater than 0.15 by the end of the year.
I always value your views on SGLB and was wondering if you still feel the same about your projection, and, if so, what do you think will be the catalyst to get the share price from the present level to > 0.15
Thank you for all the other info you have provided on Sigma
The lack of volume and upward price movement is disconcerting. The apparent progress in acceptance of Sigma's products is encouraging, but I would think those associated with the AM field who have had exposure to PrintRite3D at Formnext and other industry events would be showing some interest in investing in SGLB. This does not appear to be happening yet in any significant manner. What do those of you on this board think?
Thank you for directing us to Mark's comments on the 3Q conference call regarding Materialise
Is there any recent indication that Materialize has integrated, or still plans to integrate, PrintRite3D in their Steamics software package?"
I appreciate the input from the posters on this board. Overall, very informative and enlightening.
I am puzzled though about Sigma's relationship with GE. Mark stated that GE had purchased two PrintRite systems for testing and evaluation purposes but that those licenses did not cover the use of those systems for production purposes.
If GE intended to use PrintRite for quality assurance in the production of fuel nozzles at the Auburn plant, wouldn't they have had to initiate purchase and installation of the systems by now?
For those of you who were on the conference call, what is your take on the current status of Sigma's business relationship with GE? Is there any indication that GE will be incorporating - and paying for - PrintRite3D in their machines when they begin producing the fuel nozzle parts at their Auburn plant? Production time must be near.
112,000 shares at .10 amounts to $11,200. Doesn't warrant being described as a "big sell."