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Greg Morris is scheduled to give GE update at AM conference this afternoon at 2:00 EDT. Maybe there will be some news emanating from his report.
I have a note on my calendar that Greg Morris is scheduled to give a GE update at an additive mfg conference on October 13. Is that correct?
Have there been no posts today or do I have a problem with my iPhone?
Is the AMC meeting which SGLB is hosting scheduled for October 26 or October 28? I had marked it as the 28th.
I am surprised at these projections. They are lower than what I would have expected.
What do those of you who are more conversant with the aerospace industry think?
That's what I thought too. I am not aware of any recent public info that suggests DEFORM will not be released on October 1
Where did you read that DEFORM has been pushed back?
Isn't Additive Industries scheduled to make an announcement next week about their MetalFab1? Might that also indicate or confirm if PrintRite3D is included in their process?
Gary, could they actually be in "commercial development" without some kind of PR or public disclosure?
There has been such little activity (volume) in recent weeks it had appeared that things were really dormant. Sure hope that is not the case and that they really are in the commercial development stage.
I hope the company will soon respond to your inquiry. Thanks for your efforts to keep fellow investors apprised.
Kevin,
I do appreciate your input on this board but at times I do not understand some apparent inconsistencies in your postings.
On July 1 (post 35723) you posted your response from Bill Herman in which he stated that "The four printers will belong to Arête...Sigma labs (sic) is planning to purchase additional printers over the next year..."
Also, on July 1 (post 35728) you responded to DWOL's inquiry by stating "Both companies will have their own printers."
Those are the comments that prompted my recent post to which you seem to take exception.
I don't mean to quarrel. I just wanted to point out what I though was good reason for my comment.
Best course is to wait and see what develops in the next year.
On June 30 you posted a response from Arête that said they planned to have 4 printers by mid-2016
I thought Bill Herman said Arête would be providing 4 printers to the JV
When is GE's Auburn plant expected to be up and running?
Now that we have the Q2 report and the conference call presentation with the Q&A, what do investors and posters on this board think (speculate) the price per share (prior to any stock splits) will be at the following points:
3 months (after the Q3 report)
1 year
3 years
Has anyone seen any report on Honeywell's presentation this morning?
This is a surprising sell-off with the Honeywell presentation tomorrow and Sigma earnings on Friday. Makes one wonder if someone leaked or spread rumors (hopefully false ones) about what they believe to be negative news regarding the Honeywell relationship or SGLB 2Q revenues. Hope that is not the case. The next 65 hours or so should be enlightening.
Thanks to you, MDuffy, ZRock and others for your input. The comments and info about the LEAP engine and the fuel nozzles are informative and helpful.
I must have missed something. I was under the impression that Morris and other GE reps stated that the AM process for the LEAP fuel nozzles would save money and time, increase production capability and generally be much more efficient and profitable than the conventional manufacturing process.
I am not aware that 3D printing is the sole process by which the fuel nozzles for the LEAP engine can be produced.
I hope Sigma and PrintRite are key components in the future production of all fuel nozzles for the LEAP, and would welcome any other info other investors or posters may have that would help enlighten us.
I understand that. But how were fuel nozzles made prior to the recent advent of 3D printing? And were the nozzles in this initial LEAP engine manufactured by those conventional methods or 3D printing?
I don't think the 3D printed fuel nozzles are coming off GE's production line yet. I'm sure they have been in the testing stage, but test products would most likely not be incorporated in this first delivery. Patience!
I hope that is the case, but I will not be concerned or dismayed if Sigma had no part in this first LEAP engine that has been under development for six years. Just seems unlikely that fuel nozzles that were 3D printed would have been incorporated in this first engine at such a late date. If it was, that would certainly be positive news. Otherwise, I'll be content to wait for the subsequent deliveries where we expect GE to utilize AM and hopefully incorporate PrintRite3D.
I think it is unlikely that SGLB derived any revenue from the delivery of this engine. I don't believe there is any reason to think that additive manufacturing or 3D printing was involved in the fuel nozzles or any other components of this first delivery. The release itself indicates this particular engine is the result of a 6-year process and to our knowledge GE has not yet commenced turning out fuel nozzles from their Auburn AM plant.
Hopefully Sigma will be realizing a lot of revenue from delivery of future engines (lots of them), but don't expect $$$$ to show up in Q2 from this first delivery.
Thank you for providing that detailed and enlightening explanation of how short volume is calculated for OTC stocks. I come away with the conclusion that short volume is really not relevant when analyzing trading activity in SGLB.
Yes. I believe the present price is a great buying opportunity.
The difference between .056 and .058 for 1 M shares is $2,000. That's probably not going to be terribly significant for a buyer in the overall scheme of things if he believes in Sigma's potential and expects the future value of his holdings to be worth many times what he paid for it.
When the dollar value of all SGLB shares traded today is less than $85,000, the increase in volume is really irrelevant.
This has been a thinly traded stock for several weeks now and the percentage increase in shares traded is of little statistical significance when the base for the average number of shares traded daily has a dollar value of around $50,000 - the equivalent of one transaction for some investors.
Many vibrant OTC stocks trade that percentage of outstanding shares
(.017) in one day
The dollar value of all the shares traded today in SGLB totaled less than $85,000. That is an insignificant amount and certainly does not indicate that "something is going on" or that there is any great movement underway.
What heavy sales are you referring to? The 2.5 M shares that equates to
approximately .004 - 4/10ths of one percent - of the float? That hardly constitutes "heavy sales."
If so, that could well be one investor simply reducing his position because he needs or wants to use the proceeds for some other purpose. It would not necessarily mean that "something is up."
Vibrant OTC companies (i.e. those in which there is active investor interest as opposed to those companies that are dormant and have little interest) frequently trade daily 1 or 2 percent of
their float. Sometimes the price per share goes up and sometimes it goes down. That's what makes a market.
I agree with your assessment and time table. I also do not expect Q2 for 2015 to be stellar - it's still too early in the AM process. But hopefully there will be some revenue and some positive indications to appease those who are becoming impatient or concerned.
As others have pointed out, this recent volume and so-called sales pressure or "dumping" is really insignificant. Volume of 2.5 M shares constitutes about .004 (4/10ths of 1 percent) of the outstanding shares and the dollar volume is less than $150,000.
I suspect some shareholders hold several million shares of SGLB. For someone to unload a million shares for $60,000 is hardly cause for alarm.
Everyone needs to relax - at least until the Q2 report on or before August 14.
Additive Industries does not include Sigma among the ten "partners" listed on its web site. Does anyone have an explanation? Seems strange SGLB would not be included if, in fact, PrintRite3D is to be included in Additive's MetalFAB1 system.
Is Honeywell presenting DEFORM or their own version of software that purports to do what DEFORM is designed to do? Can anybody on this board help clarify?
It is disconcerting that there have not been any recent updates on the status of DEFORM from Sigma.
Does anyone on this board have any update as to when GE expects to open its Auburn plant?
GE obviously needs to buy printers in order to manufacture their fuel nozzles and other products for their aviation business. But I doubt they are interested at this time in buying a printing company (like DDD or SSYS) and turning out printers to sell to other manufacturers. That would not seem to be their focus.
Interesting weeks ahead for SGLB.
1. Release of DEFORM? Latest word from Mark Cola indicated DEFORM would be completed and unveiled in 3Q.
2. The 10Q for the 2Q is due by August 14. It should disclose Sigma's revenue from the Honeywell order and from work generated by the M290 printer.
3. Possible announcement by GE of its suppliers and partners in AM as they ramp up for the opening of the Auburn plant and the production of the fuel nozzles.
These revelations should help provide a clearer - and hopefully positive - picture of SGLB's current value and future potential. There is seemingly a lot going on. In my judgment, it bodes well for Sigma and its shareholders.
I am surprised by the negative reaction to the Arête-Sigma announcement by some posters.
What's the downside, if any, to this venture?
It appears this presents an opportunity by Mark Cola and Bill Herman to capitalize on the work GE and Sigma have done. Mark and Bill have the first hand knowledge and experience of what works and how it works and can now attempt to sell those services and products to other firms who, like GE, are entering the AM field.
Many in this board have cried out for Sigma to make a greater effort to sell product and create revenue. Isn't that what this is? Certainly we hope contracts with GE and Honeywell are forthcoming, but is Sigma to stop there? Shouldn't Mark continue to press forward and attempt to develop other markets? It seems Herman's experience with Morris and GE would be very beneficial in this regard.
Again, what's the downside?
I don't believe the companies have merged. They have agreed to work together on joint ventures to seek new business.
The company is required to disclose and report any material events and this is a material event.