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Your capital gain is assessed based on the difference between the price you paid for, and sold, that specific lot [so, if you sell the shares from July, it will be a pretty hefty gain]. [...One of the reasons I'm still holding, actually.] If you hold for less than one year, it's taxed as regular income, so rates may vary depending on your bracket/ whether that bumps you up one. It will be higher than a long term gain. If you hold out for long term [more than one year] it's 0%, 15%, or 20% depending on your tax bracket.
http://taxes.about.com/od/capitalgains/a/CapitalGainsTax.htm
Thanks... I plan to bank some pretty soon. Will be watching it like a hawk this week. :)
My portfolio is rapidly approaching my annual take-home salary. Whoa.
Yeah, I guess I was just surprised it was moving so dramatically today, several days before it even happens. If this is any indicator- we're going to have an awesome week!!
Any idea what's moving it today? -M
Thanks. You know, I was thinking about the January thing [supposedly that's when the lockup period ends], but I don't think there would be a massive dump then, simply because aside from the obvious reasons ( that this company is awesome...:), it would also make a lot more sense tax wise for those investors to hold for at least a year and get the long term rate, especially if they're already six months in. Plus, if the company is doing what they say they'll be doing, p.p. investors might skim their original investment, but no one in their right mind would sell on the cusp of commercialization. Just my two cents.
GE Aviation/Sigma Labs
http://www.engineering.com/3DPrinting/3DPrintingArticles/ArticleID/6425/GE-and-Sigma-Labs-SGLB-are-Adding-the-Next-Layer-to-Additive-Manufacturing.aspx
SGLB has more than doubled my $$ in 6 months [from 8k to 16+k... I'm a teacher!]. Could be a nice, complementary investment.
They are attending the Additive/Aerospace Summit in LA with Honeywell, Boeing, etc. next week.
Just consolidated last week, after a major run. Next leg coming soon.
Personally, I've been burned on a penny once, but it wasn't something I believed was really legit-- Knew it was going on a run, planned to sell after, but stayed a day too long. [Pump and dump.] SGLB is very unique as far as penny stocks go in that 1) their executives are true professionals with success in their fields; also, take minimal pay to get the company off the ground... 2) They have little or no debt and operate on a frugal budget 3) they don't tend to engage in major PR campaigns to make themselves look better, and 4) (most importantly!) They have actual contracts and agreements with real high-level companies (GE, Honeywell, etc) that have been supported [and advertised more extensively] by the big dogs, than Sigma Labs themselves. All penny stocks and micro caps carry a high level of risk, but I think Sigma is better off than other companies of its kind; rises in price appear to be fueled by organic growth- making it more stable than other pennies that are 90% hype. If what alan-t said was true, it sounds like this company is Cola & Co.'s pride and joy- when he addressed the possibility of a buyout, he mentioned that a company like GE 'didn't know how to value them' yet. Which to me says that they care a lot about what they're doing, believe it to be extremely valuable, and won't sell their piece de resistance for anything less than what they want. After all, these guys are getting on in years [some more so than others] and this is their last big hurrah before retirement. If you look at their work history, it seems like everything they've been doing prior has led to this grand finale. Additionally, I said this before, when it comes to a bunch of extremely talented inventors, there is a pride factor- My husband is a materials engineer and his whole goal is after phase I of his career, is to be involved in his own company in order to have more autonomy. [I'm the same way, except shooting for pubs and investment property...] This is all speculation, but I imagine Independence comes with a very steep price tag, and with the way things are going Sigma will either achieve their Intel Inside objective or sell for something that will make us all Veerrryy happy. I don't think people realize how critical it is that Sigma is part of the Standards grant. If they can set standards in such a way that IPQA is the answer, with their patent on the weld pool control/ monitoring, their technology will be the necessary go-to for Additive Manufacturing.
Sorry, I was teaching all day. Yes, that is the one I was looking at. Though the Italian one is cool too, this seems more relevant.
Alan Yarborough is also involved with ExNovo [google their webpage]. Allotrope, according to this http://www.prnewswire.com/news-releases/sigma-labs-inc-signs-licensing-agreement-with-allotrope-sciences-relating-to-reactive-munitions-technologies-202320541.html
was founded by Yarborough and a Dr. Phillips; I am not sure of the relationship between the two companies [other than the people] but they may be part of a larger A. Yarb. umbrella, so to speak... That is, lots of people help start one company and move to others, or sit on boards, or what have you. The lines between the B6 and Sumner branches of Sigma also get blurry.
NIST grants for AM were 250-500k.
[I'm pretty sure this is the same thing... NAMII mentioned @ end]
http://www.manufacturing.net/news/2013/07/nist-announces-grants-to-explore-issues-hampering-advanced-manufacturing
Note that it says Congress already approved the grants, so I assume they're not affected by the shutdown?
I also read on another site that the gov't intends to pay 30 mil over 2.5 years for AM research.
___________________________________________________________________________________________________
"(Manufacturing.net) — The National Institute of Standards and Technology (NIST) today announced $4 million in grants to help develop research plans that address some of the biggest challenges that are currently impeding the growth of advanced manufacturing in the U.S. These grants, which will range between $250,000 and $500,000, will be administered by NIST’s new Advanced Manufacturing Technology Consortia (AMTech) Program, subject to the availability of funds.
NIST says that nonprofit U.S. organizations, in addition to higher education institutions, are eligible to apply for the program, and is encouraging teams to collaborate or form partnerships between companies, universities or government agencies.
AMTech was funded by Congress this fiscal year, and will attempt to encourage consortia-planned and led research on pre-competitive industrial research needs. In particular, the group is designed to address the weakness in the nation’s innovation ecosystem, which the NIST defines as a gap between R&D activities and the deployment of these innovations to actual production.
AMTech plans on providing funds in two broad areas: planning awards and implementation awards, beginning with a focus on planning. Full details to apply for a grant can be found at www.grants.gov under the funding opportunity number 2013-NIST-AMTECH-01. The deadline for full applications is 11:59 p.m. Easter time on October 21, 2013.
The new awards come on the heels of more government investment in advanced manufacturing, such as the Youngstown, Ohio-based National Additive Manufacturing Innovation Institute (NAMII), which aims to provide a collaborative arena and necessary funding to bring more advanced additive manufacturing technology to American manufacturers of all types.
Learn more at http://www.nist.gov/director/amtech-072413.cfm."
Sedleell- no offense meant by that. I was more curious for myself, thinking maybe I ought to take more profit out, wanted to see what others were doing. Not trying to 'diss' ya!
Cool. I'm 106k @ .062 [like you, started low @.028 and added]; I saw that one post about 5000 shares--just making sure I wasn't the only "crazy" one. ;)
Just curious, but how many shares do you all have? And what pps?
You all seem to follow SGLB pretty diligently too, so wondered how much you have in ;)
They're also working on a printer- they called it Metal3DX. It was in one of their PRs over the summer. That's why they went into one of their MOUs.
Here's the USPTO listing:
http://www.uspto.gov/web/patents/patog/week03/OG/html/1386-3/US08354608-20130115.html
I still remember a more recent one. :/ Very frustrating.
It's not the same one I had found originally [that one specifically mentioned 'as used in AM'], but here's a link to start you out...It was closely related to this. I've got to get on with my work now, but happy searching... :)
http://www.google.com.mx/patents/US8354608
I don't think the University QA is a threat because Sigma already holds a patent on technology that adjusts in-process control of the weld pool size, for sensing/adjusting shape as in Additive Manufacturing. My computer needs to be updated and is not letting me pull up the documents, but I I posted some links on this board just over a month ago. I think I sent them to my husband, too, so may be able to get it from my email here in a bit... if anyone can find them in the meantime, please do so.
.074, .069, .074, .069.... Somebody is compounding the heck out of their shares.... lol.
It's actually wo-man :)
She's talking about their munitions which are separate from their Printrite 3D work. They have patents on ARMS and BAM which are friction-activated highly explosive lightweight rounds [look at the specs on the B6Sigma website]. They licensed their tech to Allotrope Sciences who will sell them to the US and her Allies, meaning SGLB gets royalties without putting in the legwork/extra development cash.
Thank you! Glad to see that... though the terms don't seem that great. I would expect a lot more than 3.5% from something I invented... x 1,000,000 is only 35k. What do you think?
Thanks Schris- I wasn't able to sign in to LinkedIn earlier; sounds like he's a busy guy!
Anyone know anything about Allotrope Sciences? I couldn't find much of anything...
Apparently Alan Yarborough is involved with them and ExNovo- ex military, mostly consultant stuff, 25 workers total, ~1 million revs. Can't find any detailed site or client list like with Sigma... don't suppose it matters that much if it's just a middleman to sell their munitions, but I was curious how serious this deal was, and if I'm missing something. Anyone have more info?
You can read some of Mark Cola's and Vivek Dave's papers in the Los Alamos science archives. I wonder if this is the kind of stuff they're going back for?
[from 2003] :
https://www.fas.org/sgp/othergov/doe/lanl/pubs/las28/dave.pdf
I don't even remember which address I looked up, it was a couple months ago, but I was trying to dissuade one of the other poster's fears about it not being legitimate when whatever it was that I saw had a really big industrial-looking space for development, which I would think would make him feel better. I've been in Sigma since the .02's and added many times since.
I looked their address up a couple months ago, but from what I could tell it's an industrial building that they rent from a company that provides lab and office space to start ups. It appeared to be a large ware-house looking structure; 30,000 square feet, on the company website. I don't know if they share the space with anyone else or not- could not tell how it's divided inside, but it looked gigantic on the satellite view. [I'm a creep I know]
Thank you, Gary- that just made my day. Read it on my lunch break :) Best to you and yours.
Mary
Don't be a turd... he's probably one of those Vietnamese people you all have been talking about!
This Seeking Alpha article mentioned SGLB by name... :)
http://seekingalpha.com/article/1639382-3-hi-tech-sectors-on-verge-of-even-more-growth-spurts?source=google_news
I get dilution; this is what I wondered about:
"If we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock."
What does it mean that the new equities could have preference or privileges over existing holders of common stock?
PS: For everyone who said the private offering was in the works for a year...
"In June 2013, the Company commenced a private offering of up to 85,000,000 restricted shares of common stock at a price of $0.01 per share. In July 2013, the Company increased the number of shares offered in the private offering to 120,000,000 shares, for total gross proceeds of up to $1,200,000. Funds received by June 30, 2013 of $300,000 were held by the Company as a liability pending the closing of the offering, which occurred on July 18, 2013. The Company sold 120,000,000 restricted shares of common stock in the private placement, resulting in aggregate gross proceeds of $1,200,000."
Seriously... Most of the other boards are a joke. No knowledge of how markets work [or even how to read SEC forms!] I've been following for this thread for awhile, finally broke down and joined. I'm a young school teacher, have been investing 2 years, mostly tech and biotech. Have accumulated ~120k shares of SGLB over a few months... wish I had enough cash to do more- I thought the earnings looked very strong, especially knowing they've licensed their implant tech too. One thing I wondered about was the line that said something about the possibility future dilution or placements with benefits over existing shareholders. Anyone know what that would mean? Thanks! - S