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I specifically research DoD and 3rd party studies that are generally ahead of the industry adoption.
This technology is completely new so Studies have to be completed to prove the validity.
I specifically research for these studies and have found throughout of plethora of them that Sigma Labs Printrite3d technology is currently being used for many applications over many different printers for many different types of am processes.
Including but not limited to Department of Defense, aerojet Rocketdyne, Honeywell, Siemens, GE Aviation, NIST, NASA, FAA, USAF, NAVAIR, NAVSEA, AFRL.
When they post these studies that have unbiased scientific evidence that Sigma Labs software works, it is undeniable proof that eventually Sigma Labs technology will be used for production of additive manufactured parts.
Our software is most valuable to those who are mass-producing Parts over multiple printers, the industry is rapidly approaching this realization and many have deadlines to produce large quantities of high-end Aerospace, medical, and automotive parts.
Our software is also very valuable to those entities who need secure data transferred from one location to another, similar to the applications the Department of Defense has been looking at to where they can send secure data to, for instance, a naval ship and print apart for a fighter jet on the ship, qualify the part was printed correctly regardless of the type of machine or am process.
These revenue streams alone are extremely valuable and will be for the foreseeable future as this sector of the industry is rapidly growing.
Not to mention we have multiple contracts with OEM to directly installer software into their printers this Revenue stream will also be extremely valuable as printer sales jumped 80% year-over-year.
We're in beta testing for a closed-loop software which is completely different than ipqa or pr3d...
So try again there buddy.
We're not beta testing all our software and going backwards.... we're beta testing the closed loop Technology.
The early adopter programs that were for print Rite 3D all end this year.
Any of those customers will have to buy actual pr3d units at full price if they want to continue using the software.
Data mining, process monitoring, closed loop, data, data, data, DARPA, 3dsim, DoD$$$, Sigma Labs
https://www.google.com/url?sa=t&source=web&rct=j&url=https://link.springer.com/content/pdf/10.1186%252Fs40192-016-0050-7.pdf&ved=2ahUKEwiosMuXqbbbAhUC0YMKHTevCSw4ChAWMAZ6BAgEEAE&usg=AOvVaw01w2b_kljIt8TrsxMpKOUe
No.
Based on this DoD document regarding multiple projects and entities Sigma Labs has been involved with, I think as John Rice hinted very recently, Sigma Labs is involved in more than anyone knows or will know until the revenues start rolling in.
OPERATIONAL NEED
(U) Objective: Ability to enable reliable and cost-effective
production of additively manufactured metallic parts at Naval
maintenance depots to significantly increase operational
availability of applicable Naval systems and to reduce
sustainment costs/delays by manufacturing “on demand.”
• Integrated Computational Materials Engineering (ICME)
Design w/ Closed Loop Process Control
(U) Similar/Related Projects:
• ONR SBIRs, Direct Digital Manufacturing & Advanced ICME
• DARPA’s Open Manufacturing Program
(U) TRL: Current (FY15): 4, Projected at End (FY20)
6
(U) Major Goals/Schedule by Fiscal year:
***• Process Controls by 2Q FY18***
***• ICME Model by 3Q-FY19***
• S&T Product Transitions to COM FRC/NSWC, Demo Parts
Transition to PEO-A, PEO-LS, PMS-317 in 4Q-FY20.
Develop initial ICME Framework & Evaluate
In-situ Sensors (Academia/Industry)
• ICME Model Development & Process Control
Optimization (Warfare Centers/FRC)
• ICME Model & Process Control Validation
(Warfare Centers/FRC)
• TRL 6 Parts Demonstration
Read slides 22-25...and all other slides.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://ammo.ncms.org/documents/Resources/AmericaMakes/Quality%2520MADE%2520Presentation.pdf&ved=2ahUKEwi5z4a-obbbAhUkyoMKHXT0COU4ChAWMAB6BAgHEAE&usg=AOvVaw1tiAFpRG8TmRKTEYNduIKm
Too cheap to sell...before we prove our business model and release our most valuable closed loop solution.
Too valuable for companies to purchase right now, because they can't explain to their Shareholders why they paid $100 million for a company valued at $5 million.
Sigma will build their value organically, after signing non-EAP contracts which are coming in a few months.
Maybe even wait it out til they sell some Closed-loop units.
By then we will have an exponentially higher valuation due to the money raised from the S3 and any other events, as well as revenues and potential profitability.
So, if they grow the valuation to $100 million, they can then easily sell it for a premium multiple of valuation, current for a technology company is between 5-10X valuation... and everyone retires and cashes out, or sits back and collects a dividend every quarter.
Glta
SGLB
America Makes Technical Review and Exchange
The goal of the event is to have a discussion focused on the next generation AM Supply chain. Discussion will also include the role of AM in digitally distributed manufacturing.
Swimlane Focus:
The Value Chain focus area of the Technology Roadmap is aimed at driving technological advancements that enable step change improvements in end-to-end value chain cost and time to market for products produced with AM.
Very interesting list of speakers. News may be upon us sooner than we thought.
EOS
Morf3d
Air Force Research Laboratory
Oerlikon
Arconic
& Many more
https://www.americamakes.us/trxeos-agenda/
Global.
Supply.
Chain.
All made possible by data collected and exchanged over a secure network to verify any AM printer, regardless of the OEM, follows the exact parameters required to print a Quality Part. Verified by IPQA, connected and qualified by PR3D compared over Analytics data.
And next step....closed loop.
Glta
SGLB
No one could prohibit any company from purchasing a majority of Sigma Labs shares as we live in a country who's laws state the government or any entity can do as such.
What could be done as someone responded already is a hostile takeover by purchasing a majority share, however Sigma Labs already has precautions in place with our preferred stock as well as the recent s-3 filing so that if anyone at anytime purchases over 50% of the company, all Sigma Labs would have to do is issue more shares, so their holding is less than 50%.
To even attempt a hostile takeover would be extremely expensive and also on the borderline of illegal, and viewed poorly by said companys Shareholders as they would be basically buying a company that no one voted for them to do so or spend their money in that way.
If, at one point, far down the road, a company decides to buy us out, our most favorable deal would come from a technology company such as Siemens, Materialize, Microsoft, Ansys, Autodesk.
This way, both the purchaser, and sigma Labs would be getting the most for their technology as compared to an oem purchasing and using specifically only for their printers.
Any oem's offer to purchase our company would more than likely be less than a technology companies, because the technology company would be able to sell to all the OEMs instead of just one OEM using it on their own printers.
That is why all of our licensing deals are specifically non-exclusive especially to OEMs.
That is what is one of the main points of our software as you said is to be a third party.
To sell to one OEM would be foolish as Sigma would be strangling their potential to a fraction of the market.
Once our business model and technology is proven as it will be very shortly, the larger technology companies will see this and become very interested, if they aren't already such as some of the companies we have worked with over the years such as Siemens and materialize and ansys.
The Moog presentation explains the value of having a secure software platform in order to trade IP for $$, as long as the holder of the IP is willing to sell it.
The more data that Sigma Labs collects by working with multiple companies and collecting data from quality builds will allow them to eventually build up their analytics software to then create a database and ability for companies to securely trade IP over their platform, and also ensure and verify they have a quality build in real time.
The value of this data that Sigma labs collects with each and every build increases our value.
That's what the industry and the market have yet to realize the value of Sigma Labs software, and why our valuation is extremely low right now compared to the potential that it truly has.
When mass production of additive manufactured parts is mainstream, this value will be realized.
We see just a glimpse of it when Sigma Labs releases a press release stating they are beta testing a closed-loop solution.
27 million shares traded in a day.
On simple news.
Not revenues, not a patent filing, just the idea of a closed loop solution.
Our first multi-unit, fully priced, non-early adopter program sales for production will have an even more dramatic effect of the stock, especially if it's from the likes of Honeywell, Pratt & Whitney, aerojet Rocketdyne, Woodward, Siemens... really it doesn't matter because all the companies that we already have contracts with our extremely large companies with the capabilities of mass production.
This valuation and this price per share is extremely low for the potential of this technology and Company.
However, until the company builds a more secure cash position as well as proving the business model with sales for production contracts, this is where we are stuck.
But, those who know all of what I stated above to be true from doing due diligence and research across the entire AM industry, know this is a short term issue.
Accumulation of cheap shares has been occuring by insiders, institutional holders, and individual Shareholders at these levels.
Glta
SGLB
We're not sitting ducks because the Shareholders and management would agree to sell the company when our valuation is the lowest it's been in the history of the company.
Makes zero sense.
Build, then sell at an exponentially higher valuation.
For anyone to buy us out, yes it would be very advantageous for them, however, for Sigma labs getting bought out while our valuation is at the lowest in the history of the company would not make any sense.
Sigma needs to post significant revenues to prove our business model, which then not only proves that the company is a viable and profitable operation, but also exponentially increases the valuation of the company.
This will make it much easier to sell the company for a much higher price compared to selling now.
With the valuation currently between 5 - 10 million, no company in their right mind would pay more than 50 Million bc they could never explain to their shareholders why they just paid a more than 5 times premium on a company with no revenues.
However a year or so down the road when Sigma has multiple revenue streams coming in as projected especially with the recent announcement of a closed-loop solution, our valuation will naturally be exponentially higher with revenues, cash on hand, and potentially profitability.
Say we post 10 million in Revenue in 2019, with the average information technology profit margins between 25 and 30%, Sigma would hypothetically have 3M in profit. Arguably with sigma being such a small company, our margins may be higher as this industry is desperately in need of closed loop solutions.
We then go from being a R&D engineering company immediately into a highly profitable technology company.
Our valuation will exponentially increase, not to mention the recent filing of the S3 to raise up to 30 million dollars, Sigma is positioned to have a very strong cash balance, as well as the hockey stick uptick in revenues.
So, in summary, after these type of events take place, say we're able to acquire 10M in cash from offerings and revenues, proven as a Technology company, the average premium on a tech company is generally 5X or higher.
someone interested in purchasing our company, would then be purchasing a company whose valuation is approximately 75-100 million, instead of the current 5 million.
Then in order to purchase the company, they would obviously have to pay a premium on our valuation as we have a proven business model and IP, which would then allows Sigma labs to sell at a premium from our $75-100 Million dollar valuation, for say between $100M-200M depending on profitability and how long Sigma decides to run the company before selling out.
This would be a very viable option for both the company and also shareholders to continue operations for another couple years and sell, after our valuation has exponentially increased from this all time low we've seen over the past year.
It doesn't make any sense to sell now or in the near term while our valuation is at its lowest point.
Like I said above, after a business model proven and we have both cash and revenues coming in as well as an exponentially High valuation due to these assets increased, selling the company may be a viable option.
Or, Sigma Labs can simply decide to continue the company and grow exponentially on its own.
No matter what, it is absolutely clear that this technology is extremely valuable to the additive manufacturing industry which also happens to be growing exponentially and has no signs of slowing down.
Many companies are looking for production opportunities and sigma Labs provides a very important software as a service platform.
Glta SGLB
https://www.google.com/amp/s/techcrunch.com/2016/10/07/determining-the-worth-of-your-saas-company/amp/
https://www.sbir.gov/sbirsearch/detail/1413339
Hmmm sounds a lot like exactly what Sigma Labs is capable of, and even cites the Spears/Gold study Sigma Labs was directly mentioned in.
Also Sigma Labs software was and still is, the only machine agnostic and most Advanced in that study.
Glta
SGLB
When a multi-billion dollar company like Moog, who works very closely with the US Department of Defense, who has the largest budget in the world, speaks of Sigma Labs business model as the future, it is very hard to ignore the value of this technology.
And Siemens presented this speaker and even put their name at the beginning of the video.
Amazing stuff.
Starting with our PrintRite3D® cloud-based SaaS model, customers will contract with us for CAE, CAM and CAI services to generate and establish a Digital Quality Record (DQR) for AM built parts. Each DQR is cloud-based and allows for archiving and storage of quality data, access to our big data ANALYTICS™ software App for continuous quality monitoring and improvement, and automatic industry benchmarking while maintaining firewalls between company-specific data.
The current market cap has nothing to do with the amount to be raised.
They most likely will not issue (x) amount of shares to raise the entire $30M, but anything raised on the back of another great PR or revenues, will greatly enhance the value of the company with capital.
Since our market cap has been based on our cash for the past couple years, any influx in cash will equate to an increased valuation.
If properly timed with news, the additional shares will not immediately matter as much as the cash, and with the industry continuously and rapidly realizing the value of Sigma Labs software, contracts will be rolling in as the news continues.
Glta
SGLB
Yes.
Raises cash to increase Shareholder value long term.
The 30Million shares were already approved via the last vote.
This just allows the company to capitalize more efficiently when they post a simple PR like the last that trades 27 million shares in a day.
This shows Sigma has something lined up so that the next PR, they can issue more shares in order to raise more capital for the company.
More capital = higher Shareholder equity
As we've seen, the market reacted very positively to a Closed Loop solution.
Imagine what it will look like when Pratt and Whitney announces they want 10 PR3D units and to beta test Sigma Labs Closed Loop solution.
The true value of Sigma Labs software is just beginning to be understood by the industry and the market.
GE understood the value and tried to replicate it.
Now we have multiple patents granted plenty in the pipeline.
First to market with a closed loop solution for Additive Manufacturing.
Once Sigmas business model is proven, as it will be once the EAPs on our PR3D software ends in the upcoming months, that will be proven as well.
The value of this type of software?
Take the AM metal industry, size of high end Aerospace, Defense, Medical, Space, Automotive parts.
Anyone who needs to validate their AM process.
Even as of now, a capture of 5-10% of that market puts us at least a 10X valuation of what we are today.
As projected, the industry is growing exponentially.
Sigma Labs has a very bright future.
Glta
SGLB
Spoke with Sciaky and Sigma personnel on this.
Their "Closed Loop" solution is a very basic form of data collection and parameters.
Not nearly as advanced as LBPF applications or Sigma Labs Technology because the EBAM melt pool is so large.
Their Technology looks at basic parameters, while Sigma Labs Technology has been able to directly correlate different melt pool signatures with material characteristics.
Definitely two very different technologies, where the meaning of closed loop is as dramatically different as the technologies being applied.
Now we're in the money. S3 filing for $30 million shows this last move was just chump change. Sigma has seen what a simple news piece does to their stock.
They will wait until a large collaboration or contract is announced and raise a whole bunch of money to secure the future of the company indefinitely.
The language is the last PR described Sigma Labs Closed Loop Technology included in the "Factory of the Future".
Of course this has been a hot topic word used by GE, Trumpf, EOS, and I'm sure many others.
But, here is a very recent video by EOS at AeroDef in March of this year.
Pratt and Whitney F135, lots of East Hartford activity that includes a large AM facility.
Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and the U.S. Department of Defense today announced a contract award for the 11th lot of F135 propulsion systems, powering all three variants of the F-35 Lightning II aircraft.
The latest contract continues to support program affordability initiatives with reduction in propulsion system price. The 11th low rate initial production (LRIP) contract will cover 135 engines, as well as program management, engineering support, production support, spare modules, and spare parts.
Pratt & Whitney and F-35 Program Office Announce Contract Award for 135 F135 Engines
NEWS PROVIDED BY
Pratt & Whitney
May 31, 2018, 17:19 ET
EAST HARTFORD, Conn., May 31, 2018/PRNewswire/ -- Pratt & Whitney, a division of United Technologies Corp. (NYSE: UTX), and the U.S. Department of Defense today announced a contract award for the 11th lot of F135 propulsion systems, powering all three variants of the F-35 Lightning II aircraft
June 2, 2017
UTRC unveils $60M expanded "innovation hub" and announces additional $115M for new research facilities
United Technologies Research Center unveils new "innovation hub" for UTC; part of historic Connecticut Aerospace Reinvestment Act, and announces two additional UTC investment projects.
EAST HARTFORD, Connecticut – United Technologies Research Center (UTRC), the global innovation arm of United Technologies Corp. (NYSE: UTX), today unveiled its new and expanded $60 million state-of-the-art "innovation hub" on its East Hartford campus.
This research and development facility will enhance global innovation at UTC and its businesses as they create the future. The company also announced two additional major investments planned for its East Hartford campus -- a $75 million Additive Manufacturing Center of Excellence and a $40 million Engine Compressor Research facility.
The new innovation hub at UTRC's East Hartford headquarters includes 185,000 square feet of new and renovated office and laboratory space. The $60 million build out was enabled through a collaboration with the State of Connecticut through the historic 2014 Connecticut Aerospace Reinvestment Act (CARA). This investment enables UTRC to expand its core capabilities in advanced materials, measurement sciences, sensor technologies, environmental sciences, autonomous systems and human-collaborative robotics.
The new Additive Manufacturing facility will accelerate deployment of a broad range of metal and polymer additive technologies across UTC businesses. In the new Engine Compressor Research facility, UTRC and Pratt & Whitney will develop and mature advanced compressor technologies for future commercial and military engines.
"Global innovation at UTC begins right here at the Research Center in East Hartford," said Dr. David Parekh, Corporate Vice President, Research, and Director, UTRC. "Today we are unveiling a clear demonstration of UTC's commitment to investing in the breakthrough technologies that will help shape our future."
Even more imminent than patents, the instant that we resolve our cash issue, whether it's through sales of our software or an investment from a third party, similar to how morf3d just got an investment through Boeing, our valuation issues will be resolved.
As of now we are basically trading 2X cash value which is the average valuation for a basic startup company who has proof of concept, but yet needs to have a prove a valid business model.
Whether it's through sales, or a larger entity understanding that this business model will work when put into the production sector of the additive manufacturing Market, we will then be treated as we should as a technology company, and which valuations are generally much higher than cash value.
As John Rice and other personnel have been specifically working on M&A possibilities, a scenario where Sigma labs is partially bought out by a larger entity who is interested in are software such as a Honeywell, or a Siemens, where Sigma Labs still operates as its own entity, either as a subsidiary or just a partnership. If this entity were to purchase a percentage of the company, or provide a significant amount of cash in return for certain access to our software development, SaaS, QaaS, or data collection, our company will then be finally treated as a software company instead of a R&D startup.
Say a company invests 10 million dollars for our software or services, we then are finally seen as a technology company, have plenty of cash and will and see a 3-5X multiple on our valuation, as most technology companies do, if not more.
The only thing holding us back at this moment is a lack of cash. We have proven time and time again that our software works, we have the most developed software in this sector of the industry, and are currently beta testing the Holy Grail of closed-loop in-process quality assurance.
Besides the near term return of our 2X cash valuation, after that, it's only up from there.
Patents moving forward daily, first to market with IPQA IIoT solution patented, and beta testing closed loop software.
Amazing.
Glta
SGLB.
I've cited this scientific document many times, at it refers to sigma labs Technology as "the current industry standard".
Which I find very interesting.
In the Spears, Gold 2016 paper, they found these Technologies to be the current available IPQM solutions for AM.
When these are looked at individually, especially after the announcement Sigma Labs is beta testing a Closed Loop solution, it is clear that Sigma Labs has the most advanced IPQA solution for AM.
It's important to note how many printer OEMs don't have ANY IPQM solution readily available, and since Sigma is a true 3rd party solution and machine agnostic, Sigma Labs software can be integrated into any printer.
Sigma is open to the entire industry, not confined to itself, like the other OEMs that claim to have a solution, yet it isn't as advanced as Sigmas, nor capable of IIoT, not to mention Closed Loop capabilities.
B6Sigma [78] PrintRite3D® Sensor suite (SENSORPAK™) still under
development, but includes optical, thermal, and
spectral “off the shelf” sensors. INSPECT™ software
links process data to quality metrics
Concept Laser [69, 79, 80] QM modules (QMmeltpool,
QMlaser, QMpowder, QM
atmosphere)
Lagrangian camera and photodiode monitoring
of melt pool with 3D visualization; laser power
monitor; powder bed imaging system; and build
atmosphere monitoring
EOS GmbH/ plasmo
Industrietechnik GmbH
[57, 75, 81]
EOSTATE Meltpool and
EOSTATE PowderBed
Lagrangian and Eulerian photodiode melt pool
monitoring; powder bed imaging system
Precitec [82] Laser Welding Monitor Temperature, back reflection, plasma, and CMOS
camera monitors, for laser welding
Prometec [83] Welding Monitor PD 2000
and Plasma Monitor PM 7000
CMOS camera for melt pool imaging; IR and UV
photosensor for monitoring melt pool emission
SLM Solutions [84] Quality Assurance System
modules
Lagrangian two-color pyrometer for melt pool
monitoring; laser power and powder bed
monitors
Stratonics [85] Surface ThermaVis® Two-wavelength imaging pyrometer
John Rice presenting at LD Micro in LA.
Where all that silicon valley money is heavily looking into AM just like Morf3d right next to multiple aerospace and AM companies.
http://client.irwebkit.com/sigmalabsinc/news/2442137
Glta
SGLB
I wonder if Sigma was able to sell the rest of those shares from the latest offering.
Would be nice to get all those out of the way while we have the volume and news on our side.
Glta
SGLB
I definitely agree. This is what the industry still refers to as "the future".
And Sigma Labs has a beta version, readily available.
Closed loop solution is the future of Additive manufacturing.
Complete reliance on sensor data to ensure Quality, and allowing the machine to receive information from the software to correct errors made during the build.
This is complete autonomy.
The holy grail of Additive manufacturing.
Glta SGLB
Holy shit.
Absolutely amazing.
The Holy Grail of AM is in our hands.
Sigma labs has the technogy that everyone in the industry only talks about as "the future".
The future is now.
Glta SGLB
Just a reminder where our Technology was developed, and that our current CTO worked directly with this technology at Los Alamos laboratory with co-founder Vivek Dave.
Bash Mark if you want, but he is an extremely intelligent individual and Engineering/welding specialist.
Who just so happens to have extensive DoD expertise as well as experience at a world reknowned laboratory.
Check out @ENERGY’s Tweet:
WATCH: See how researchers at @LosAlamosNatLab use science and technology to solve some of the toughest national security and global challenges. ➜ https://t.co/FUmAQatr3L pic.twitter.com/iyTpWh8oA6
— U.S. Department of Energy (@ENERGY) May 29, 2018
With the recent acquisition of personnel, I believe the strategy of the company would be to continue development of software, even potentially release a closed loop solution with an OEM, or multiple OEMs in the next year or two.
With the amount of time and money the company and personnel has spent since inception of the company, it would make sense to sign some of these production contracts the industry and company is inevitably moving towards.
By doing this, our valuation could easily rise to that $5-8 target, with a $25-50M valuation on the company.
Then, it would be a much easier sell, with a proven business model, revenues, and possible profitability.
If they simply continue operation, develop more advanced, industry leading software
as they have done for the past 2-3 years, as the industry moves into production, with sigma labs as the first-to-market IPQM Technology, we have a solid shot a decent percentage of the market.
So, with a couple production contracts that are currently being negotiated, potential closed loop IP, OEM revenue thru integration, we could easily hit that selling target of $25-50 million, with the average tech company valuation easily selling at a 2.5-4x premium, we could be looking at a minimum $75M to $200M buyout depending on hard hard they wanna ride this technology out.
I think Mark Cola has a few years left in him and it wouldn't make sense to throw in the towel with all the rapid industry moves and Technology advancement taking place.
We have proof of concept, now we just need to prove our business model, which a couple production contracts will do, which will make our valuation exponentially higher
Cannot be sold, transferred before 180 to anyone OTHER THAN DAWSON.
DAWSON IS THE EXCLUSIVE BROKER-DEALER.
IS ENGLISH SO DIFFICULT
AFTER 180 DAYS THEY CAN TRANSFER THE PURCHASE WARRANTS TO SELL TO ANYONE, BEFORE 180 DAYS ONLY DAWSON CAN BE THE BROKER-DEALER OF THE HANDLING OF THE REGISTERED SHARES OF THE SELLING SHAREHOLDERS.
3.1 General Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days following the Effective Date
***** to anyone other than: (i) Dawson James Securities, Inc. (“Dawson”),*****
or (ii) a bona fide officer or partner of Dawson, in each case in accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(g)(2). After 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws.
Incorrect. The purchase warrants can be exercised as long as it's thru Dawson as the broker-dealer.
Cannot sell transfer assign, etc. To ANYONE OTHER THAN DAWSON FOR 180 DAYS.
The only restriction on the selling of shares was to do so outside of using Dawson as the broker-dealer within 180 days.
The shares can be exercised and sold thru Dawson.
3.1 General Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days following the Effective Date *****to anyone other than***: (i) Dawson James Securities, Inc. (“Dawson”), or (ii) a bona fide officer or partner of Dawson, in each case in accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(g)(2). After 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws
And who in their right mind would do a public offering for approximately $300,000 when they need approximately 500k to maintain listing requirements.
Sometimes I wonder....
Sheesh.
Glta
SGLB
Dawson is a broker-dealer.
The shares they own are registered as well as the selling stockholders shares.
Given the volume the day of the action was over 1 million shares traded, it's pretty safe to say more than 140,000 shares were part of this offering.
The selling Shareholders use Dawson as the broker-dealer for the offering.
Any other theories?
So can we go over any new "facts" that disprove the theory?
The last ones were so enlightening, I'm excited for any others.
The 180 day restriction was to ANY ENTITY OTHER THAN Dawson.
This prevents the shares from being sold short and anti-takeover, fair trade provisions.
Do DD like DeeDee
Glta
SGLB
Gotta read the fine print
3.1 General Restrictions. The registered Holder of this Purchase Warrant agrees by his, her or its acceptance hereof, that such Holder will not: (a) sell, transfer, assign, pledge or hypothecate this Purchase Warrant for a period of one hundred eighty (180) days following the Effective Date to
**** anyone other than*****: (i) Dawson James Securities, Inc. (“Dawson”), or (ii) a bona fide officer or partner of Dawson, in each case in accordance with FINRA Conduct Rule 5110(g)(1), or (b) cause this Purchase Warrant or the securities issuable hereunder to be the subject of any hedging, short sale, derivative, put or call transaction that would result in the effective economic disposition of this Purchase Warrant or the securities hereunder, except as provided for in FINRA Rule 5110(g)(2). After 180 days after the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Warrant and payment of all transfer taxes, if any, payable in connection therewith. The Company shall within five (5) Business Days transfer this Purchase Warrant on the books of the Company and shall execute and deliver a new Purchase Warrant or Purchase Warrants of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Shares purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.
That's why you have to read the most recent REGISTRATION FILINGS that directly relate to these shares.
This prospectus relates to the offer and sale from time to time of up to 1,890,000 shares of our common stock by some of our stockholders, referred to in this prospectus as the “selling stockholders.” As described in more detail in this prospectus under “Prospectus Summary - The Offering,” the number of shares offered for sale by the selling stockholders consists of (i) 1,000,000 shares of our common stock currently issuable upon the conversion of our Series B Preferred Stock (the “Series B Preferred”) held by two of the selling stockholders, and (ii) 890,000 shares of common stock currently issuable upon the exercise of our common stock purchase warrants (the “Warrants”) held by the selling stockholders.
**890,000 shares of Common Stock ***CURRENTLY ISSUABLE*** UPON THE EXERCISE OF OUR COMMON STOCK PURCHASE WARRANTS.
KEY WORDS BEING "CURRENTLY ISSUABLE"
DUE TO THE PREVIOUS REGISTRATION FILINGS.
Also, a company has up to 3 business days after the sale of registered securities to file the effectiveness filing.
So..... thanks for the concern, I guess.
Glta
SGLB
Sigma Labs/Aerojet Rocketdyne/USAF/AFRL/FAA/NIST
AFRL Senior Materials Engineer
Dr. Mark Benedict
Article from January of 2017,
Sigma signs second contract with Aerojet Rocketdyne and USAF in March of 2017,
Sigma Labs invited to FAA/AFRL presentation August 2017
October 2017
Sigma Labs Printrite3d used in SIMPL and DREAM.3D study.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.falltechnicalconference.org/wp-content/uploads/2017_Presentations/1B-Donegan_FTC17_Presentation.pdf&ved=2ahUKEwiZ6dvKtKLbAhUK9IMKHcXyCdQQFjADegQIBBAB&usg=AOvVaw074eNBJc9PaEk4aER-D1j6
And some in between no names like
LZN
Pratt and Whitney
March 2018
Sigma signs CRADA with NIST to qualify powder and part Quality for standardizing the AM process.
Just dots.
(January 2017 AFRL article)
"Fundamentally, it comes down to a materials processing problem,” said Berrigan.
The lack of standardized production processes, quality assurance methods, significant material variability and reduced material performance are just some of the factors AFRL researchers need to overcome.
Depending on the application, material performance can be related to the strength of a part. For example, the electronic properties of an additive manufactured circuit may be worse than those of ones traditionally manufactured.
As additive manufacturing thinking evolved from being a way to develop prototypes to a method for actual production, the benefits and applications for the Air Force grew enormously, along with the potential for it to do even more. The manufacturing of customized parts and unique, complex geometric shapes at low production quantities can help maintain an aging aircraft fleet. Custom tools, engine components and light-weight parts can enable better maintenance and aircraft longevity.
“Additive manufacturing can address a multitude of challenges for us, and there is a big pull to implement these processes from the logistics community,” said Miller. “The fleet is aging, and replacement parts for planes built 30 years ago often no longer exist. Rapid production of a small number of hard-to-find parts is extremely valuable.”
However, the need to develop consistent, quality materials for additive manufacturing still remains a challenge that AFRL researchers are working diligently to address. Engineers need to have full confidence in additive manufactured part alternatives as they implement them as replacements in aging fleets or as system-level enablers in new weapon systems
SANTA FE, N.M., Aug. 25, 2017 (GLOBE NEWSWIRE) -- Sigma Labs, Inc. (NASDAQ:SGLB) (“Sigma Labs” or the “Company”), a provider of quality assurance software under the PrintRite3D® brand, today announced that the Company has received an invitation to speak at the Third Joint FAA – USAF Workshop on Qualification and Certification of Additively Manufactured Parts. Mark Cola, Sigma Labs’ President and CTO, will present, “In-situ Monitoring for Additive Manufacturing: Implications for the Digital Manufacturing Age," at 2:30 p.m. Eastern Time, on Thursday, August 31, 2017 at the University of Dayton River Campus.
This is the third workshop jointly organized by the FAA and Air Force Research Laboratory (AFRL) on Qualification and Certification of Additively Manufactured Parts, building upon the objectives met in the second workshop held from August 30-September 1, 2016, which included providing additional training and reference material on additive manufacturing processes to FAA employees, benchmark qualification and certification considerations across the regulatory agencies, and promoting collaboration both across government/academia/industry and within the FAA regarding qualification and certification of additively manufactured parts. Last year’s workshop consisted of 33 presentations addressing background, past and present programs, and qualification/certification challenges regarding additively manufactured metal parts. The sustained, high interest in additive manufacturing and the importance of safe and robust qualification and certification procedures for aerospace parts were illustrated by the filled agenda and enthusiastic participation.
“We are delighted to participate in this crucially important workshop, which serves to reinforce the importance of qualification and certification of additive manufactured parts,” said Mark Cola, President and CTO of Sigma Labs. “Sigma is honored to be invited to participate and we look forward to contributing to the successful achievement of the workshop’s auspicious objectives.”
http://www.wpafb.af.mil/News/Article-Display/Article/1043404/embracing-opportunity-additive-technology-for-manufacturing/
Already taken care of, s1 effectiveness filed.
Based on volume of day, and where the price ended up, it is highly probable the 890k warrants raised $1.3 million at $1.47.
Problem solved
And there's the effectiveness filing....I can't remember....did someone call that?
Delisting issue resolved.
Glta SGLB
MSU webinar with all current major OEMs was presented today.
Insitu inspection and working with third-party software developers was brought up several times.
One of the speakers went so far as to say to find the most advanced software available for in process monitoring it says easy as doing a Google search.
All of the OEMs agreed that working with software companies is continuing to grow as the needs of their customers become more refined.
SLM, EOS, Trumpf, GE we're all on the webinar.
Perhaps from a recent UK study that stated Sigma Labs Printrite3d software as the (and I quote word for word), "the current industrial standard."
Perhaps the author, being from the UK, the author was unaware US standards have not been released on in process quality monitoring. Perhaps he has spoken with those creating standards in the UK...maybe multiple European countries.
Why would one use that wording if our software wasn't being included by major corporations, DoD entities, and several multi-billion dollar operations?
"Current industrial standard" doesn't just come out of the ether. It was a very specific wording used describing printrite3d software.
Processing parameters have
been shown to influence the microstructure, geometric structure and mechanical properties of direct laser deposition structures (Qiu et al., 2015b).
“Machine manufacturers recognise that in-process monitoring is a key area
for development” (Participant 10). “In simple terms, a layer by layer
green-red light system is required indicating, good powder, good spread
and good fusion with no defects” (Participant 8). In turn, informative and
accurate in-process monitoring, will lead to robust quality statistics.
The PrintRite3D® technology (Sigma Labs Inc., Santa Fe, New
Mexico, USA) gives an example of the current industrial standard. Optical
monitoring detects deviations of the geometry of the build from a
reference ‘gold standard’ image, up to a resolution of 100 µm in-plane
(Sigma Labs, 2017). Changes in the temperature of the melt pool are
detected from a change in the emissivity