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Definitely possible. Marky Mark won't release those details. We'll most likely be able to confirm this when we get commercialization.
Great news either way. We just need to get rid of these goddamn MMs.
Best,
Rowanda
Yes, yes, our loved ones will be much safer now.
Yes, me! I am actually challenging his reading comprehension and not his math. Any of us can divide a number by two.
"Sigma Labs expects to generate up to $975,000 in revenues during 2014 as the PrintRite3D® systems undergo test and evaluation."
I hope this quote isn't lost on anyone since I'm not using red text or highlighting it in yellow.
What does that quote from the PR mean? Well, we can probably come up with a few different answers. One is JJ's assumption. Another possibility is that they have other things lined up and that estimate is based on other potential sales during 2014. We also are left to speculate if it's a 1 time charge or if it's fee based.
So I am not convinced it's as simple as dividing by two. I may very well be wrong and time will tell.
Regards,
Bebe
I'd file one if I knew exactly what I was talking about.
I checked and a complaint can be filed online.
Thanks for the link. So MMs aren't very nice people. I'm surprised this has been going on this long and the SEC hasn't done anything about it.
So while we wait for this to break through, I have a few questions:
- what is PERT?
- how is MM done? I assume that stands for Market manipulation?
- it appears that more is being bought than is being sold. If that's he case, how can it be locked at .19?
Thanks,
Jose
He must have put on some weight. He was 800 pounds last time I checked.
Too many Christmas parties I guess.
It's an apples to grenade comparison. CAMT is uplisted, it has a current Mcap of 125 million. SGLB is not uplisted and its Mcap at .25 is 125 million because of the huge number of outstanding shares.
It may hit 1.50 but it won't be short term. At 1.50 it'll have a Mcap of 750 million.
Keep your pants on Pippy, market cap and conventional wisdom says it'll be some time before $1+. It's OK to get the hopes up, but don't go celebrating just yet.
IPQA's a perfect fit here. I mean who wants a broken (replacement) leg?
Oh one more thing I failed to mention. Back in July there were 120 million shares sold to investors for 1 cent each. These are eligible for sale in mid January. There's a lot of back and forth on this and even some arguments. It's anyone's best guess (and there have been a lot of guesses) on exactly how this will affect the stock. 120 million is around 20% of the total outstanding shares but I don't think people are expecting it to be dumped all at the same time.
Anyway, you'll see posts on that and all of the back and forth that went along with it.
So January could be rocky and as traders purchase and flip the stock we'll see swings as I alluded to in my other reply.
Best wishes,
Priscilla
Hi and welcome.
There is a blog out there (I'm not a fan) that has a lot of technical information and if you look through the post hitory here on iHub you'll find links to it. That gives good details on things but it honestly paints too positive of a picture.
If you search for SGLB or look at the PR over the last year or so you'll see a lot of JTDAs and MOUs and a couple of contracts. The blog also does a nice job of listing all of this out.
Also today's news was pretty cool too.
So look at the post history here and maybe on Yahoo! message boards and ask questions.
As for what's coming up for 2014 I'm surprised you invested without knowing the answer to that question. Commercialization of the product is hopefully coming and today's news was a good indicator. I myself am a bit skeptical.
There was PR from 2012 suggesting that product would be ready by the end of the year. That never happened.
There are 3 parts to PrintRite3d:
- INSPECT (beta)
- DEFORM (development)
- THERMAL (development)
With this in mind I'm not a believer the whole thing will be ready.
In addition to this we have not heard that they're partnered up with anyone for THERMAL yet. GE is testing out INSPECT and Metronics is testing out DEFORM.
Another thing to note is that the share price takes some wild swings. If you're long and can lose the money you invested in a worst case scenario, ignore the swings and believe in the strength of the company. If you're short and you understand the technicals, trade based on that but I find it's very hard to tell which way it's going. In the past month it has been as high as .28, back down to .13 and up to 17. The swing from .17 and .13 and back up again was nutty with 21 million shared traded. All this for a penny stock. Wow.
One last thing, understand the market cap. There are a lot of outstanding shares and at $1 the market cap would be 500 million. I'm not sure how long you have been investing or what your knowledge level is, but I just wanted to mention it. It's not cheap at .20 because there are so many outstanding shares. But often times valuation means nothing because 3d printing is such a hot industry so $1 may be feasible once commercialization happens despite what their balance sheet says.
Anyway, this is very brief. Overall I myself am pretty positive about it even though I do question it from time to time.
Good luck with your piece of the pie.
Regards,
Tonto
Metronics is only looking at DEFORM per the presser.
There are 3 components:
INSPECT
DEFORM
THERMAL
Best,
Zeus
"We are not always permitted by our customers to use their names. Moreover, the terms & conditions of this order restrict us from using their direct name.
Lastly, we greatly appreciate your continued interest in Sigma Labs, its people and technologies.
Sincerely, Mark."
It could be GE buying the 2 systems they have been testing. I sent a mail to DJ Marky C and if I do hear back I'll pass it along.
Ripping the roof off of this thing would be nice.
I am curious to know who bought the 2 systems and/or why Mr. Cola chose not to disclose it. Maybe I'll shoot 'em an email and report back.
I agree Z. Shame I sold half. Bought back in half of the half I sold and averaged up slightly.
Anyway, why no mention of who they sold to? Is there a reason not to disclose that?
Also why the revenue estimate? Shouldn't there be firmer details?
Just curious,
Reggie
Just look at ONVO, they hit a +1 billion market cap purely based on hype, hope and speculation with some news sprinkled in.
I think we have those 3 ingredients plus we have a couple of contracts, a bevy of MOUs, JTDAs and we sorta have a product.
Regards,
Kanye
The SGLB mention is months old and is from Gary's blog/site. It was one of the first articles I read on SGLB.
I assume that's what you're referring to.
I am overlooking that. Thanks for the clarification. I'm not impatient but armed with what I know I don't see it happening in 2014.
If it does and the market reacts positively then we all win.
We touched on this the other day, there's currently no mention of THERMAL. Maybe that'll be the next MOU or JTDA.
I find it hard to believe I'm the only skeptical one here.
Regards,
Trevor
http://www.prnewswire.com/news-releases/127823853.html
From August 2011 it mentions it's the 4th contract. That means there were 3 prior to that. Intent to use IPQA, etc. Then silence.
2.5 years later, 2 products in development, 1 in beta, more JTDAs and MOUs.
And like I said, there is no doubt strength with names like GE, HON, etc. But it's not enough to completely keep me warm at night and certainly not enough to convince me this'll be ready in 2014.
Thanks,
Louis
Sure. Lets start here:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=95213428
I never got a clear answer but it makes sense that all 3 products need to be released to make IPQA, right? INSPECT on its own would not be enough?
They've been at this since 2000 and 2003.
I believe 2012 was a miss and the intent to release (maybe not commercialize) was there.
If this is all true then I can't see this happening in 2014.
Let me know your thoughts.
Thanks,
Fernando
I didn't believe that Interactive machines thing anyway. I got into this based on the strength of GE and later HON and DARPA. I sold half. No regrets and looking forward to the whole story on the failed IM deal.
They're not contracts, they're understandings and agreements.
I enjoy and appreciate your enthusiasm.
Here's to never looking back.
I only sold half, my position was a bit too large.
I have zero regrets if this goes to .01 or if it goes to 2.01 and I miss out on those paper gains.
3D printing has been very very good to me and I have no idea what I'm doing.
January or in a larger part 2014 could be a rocky road for us investors.
You're a shining star in your own special way.
I don't know you, but if you were here next to me, I'd give you a (manly) hug. Just keep your hands where I can see them.
Rounder, they are only in bed with Metronics for DEFORM. With GE, it's INSPECT. What about THERMAL?
Would like to hear your thoughts.
Maybe whatever was clogging up the works was finally flushed out?
Long term here. Hoping for product in 2014 but I'm not holding my breath.
Things like this (for me at least):
"Nevertheless, the most important function of PrintRite3D is that the system will ensure the safety of our loved ones and ourselves in safety-critical applications of the aerospace industry."
It's just a bit absurd to say this. This is just one example.
I sold half my position for a 0% gain just to keep more cash on hand. I'm just playing with house money. I still have a significant position though.
It's all good since I averaged at .14.
Yet another MOU does smell of desperation and that doesn't make me feel very comfortable. Remember, MOUs and JTDAs are not binding. There's no money and no agreement. They can talk.
I may buy back in and average down late January if it does keep falling if the prospects still look good. Otherwise I'll enjoy the position I have and the unrealized gains.
I won't give a certain somebody anymore advice or try to have constructive conversations with him.
- invest what you can afford to lose
- stay grounded
- look at the whole picture
- don't get caught up in hyperbole or false claims of sglb awesomeness
- look at my last 2 posts. I think it's important and healthy to question why 1 product is still in development and another 2 are in beta and it's equally as important to create your own list of pros and cons.
I am risk averse so I'm surprised I'm even still here.
GL GL GL GL.
Best,
Francis
http://www.prnewswire.com/news-releases/sigma-labs-inc-announces-the-launching-of-its-printrite3d-system-for-3d-printing--additive-manufacturing-am-169163706.html
Mr. Cola added, "we are in partnering discussions with a major 3D manufacturer of metal parts and are confident that by the end of 2012 we will enter into an arrangement simultaneously with the roll out of our PrintRite3Dâ„¢ suite of products."
It's worth repeating, Sigma's very own website says this:
DataSheets
- PrintRite3D® INSPECTâ„¢ - (beta) software for OEM’s and end users of additive manufacturing processes which verifies quality layer by layer, mm2 by mm2.
- PrintRite3D® SENSOR PAKâ„¢ - (beta) the auxiliary hardware kit that sits on every AM machine to collect the data to drive the software.
- PrintRite3D® DEFORMâ„¢ - (in development) software which predicts distortion and calculates the PRE-SHAPE that results in the right FINAL SHAPE.
- PrintRite3D® THERMALâ„¢ - (in development) software which predicts the thermal profile in the part.
That's their suite of products, isn't it? All needed to make IPQA a success? It's also the end of 2013, correct? So my fear is if they miss 2014, it'll only tumble further.
Then there's this from 2011 which you had on your blog (I don't see it anymore):
http://www.prnewswire.com/news-releases/127823853.html
No mention of commercialization but 3 previous contracts then silence.
I'm certainly not trying to paint a bad picture. What I am trying to do however is not be too positive because things can go wrong and I don't like being an overly positive person. For example, double exclamation points is a pet peeve of mine !! (especially when there's a space before them. Look at us, we're two exclamation points !!).
Regards,
Susan
But you only seem to see the good in it. The facts are the facts. They missed commercialization 2 years in a row. 2 of the 3 products are in development still, according to their own website. They had previous JTDAs and MOUs that seemingly went nowhere. Without full transparency we don't know for sure.
I'm sure you do more DD than all other retail investors JJ, but I urge everyone to look at this from all angles. This is specifically why I listed our the pros and cons for myself and shared them.
I'd be curious to see what cons, if any, you think there are JJ since you, like most of us, are heavily invested here.
Regarding Mase's post, I thought the eligibility for the release of the 120 million would be starting on Jan 18th. If that's true, then this slow bleed is due to something else.
GLTU and GLTA.
Regards,
Penelope
A certain someone has gone premium on us. I wonder if he has sold.
I'm in for the long haul. Not sure why I watch this every day. I even watch it on the weekends and wonder why the pps doesn't move.
I'm not very smart.
Disclosure: Long. Only invest what you can afford to lose. Do not mortgage the house or sell the kid in order to buy more of this stock.
I took some time to jot down some pros and cons that were floating around in my head. It's certainly not all inclusive, this is just what I recall and I did some quick searching and scanning to confirm some of the info below.
I tried to be as objective as possible but it's very tough to do. Several of the below points are easy to refute and I apologize in advance if I got any facts wrong.
Opinions are like noses, everyone has one.
Here it is.
Pros:
- MOUs and JTDAs with big companies like Metronic Systems, GE, HON (DARPA initiative) and Burke E. Porter Machinery
- Awarded grant money from NIST
- Potential to be the standard for IPQA / additive manufacturing metal parts
- Metronic Systems has a lot of contacts, hopefully SGLB can tap into some of those
- Tom O'Mara joined SGLB board in early November. Per the presser to help with the commercialization of the product
- Conrtact with LANL
- The work GE is doing in this space is very positive. We all *hope* SGLB benefits from this. Most signs point to "yes" even though we haven't seen any updates. We can just insert SGLB into quips made by people like Greg Morris
- The balance sheet looks pretty nice for an OTC / penny stock
- IPQA and closed loop *may be* the only in process game in town
- Read the other *objective* pros from JJ's blog and benefit from the extreme DD done
- MOU with Interactive machines (Metal3dx) -- not sure if I believe this one will ever come to fruition
- Potential to uplist if commercialization happens
- Reverse split may be well received
- A buy-out from GE is possible
- We see great volume for an OTC Penny stock. 6 million on average. On the run up to .28 we were seeing 12+ million.
- Great story and seemingly great people behind this company
- A huge amount of upside with the potential to make some serious coin.
Cons:
- MOUs and JTDAs are not contacts. It just means they can talk to one another and they can work together if they want.
- Commercialization was missed in 2011 and 2012
- Per Sigma's website, INSPECT is in beta, DEFORM and THERMAL are in development. Patents date back to 2000,2003. Why is it taking so long?
- Sigma only has 7 employees
- Share dilution. 120 million shares offered up at .01. Due to expire in January, may be happening for some now though since we seem to be hitting a .19 ceiling
- Flippers and shorts and retail investors who hop on the hype train without knowing the company. Buying at .21 and selling at .22 for example. Rather large short interest.
- Large number of outstanding shares and high market cap. $1 is a market cap of 500 million. Obviously $2 is 1 billion
- Terrible bashing on the Yahoo! message boards for this stock
- Old MOUs and JTDAs *seem to have gone* nowhere (4 with Messier-Bugatti-Dowty with no apparent news)
- Contract with LANL is to generate "up to" 178,800 in revenues (no guarantee)
- If no commercialization in 2014, additional share dilution may happen in order to raise funds
- There are a lot of other smart people and companies out there. Who is to say SGLB will be the one?
- No recent articles aside from MOUs and JTDAs where SGLB is mentioned
- GE has deep pockets, they no doubt have a lot of JTDAs and MOUs with other companies. They may just be taking SGLB out for a test drive similar to how other MOUs and JTDAs were renewed then just stopped
- Mark Cola is not very transparent
- A medium amount of risk
Some (ignorant) questions:
1) DEFORM is mentioned in this latest JTDA. Does that mean/imply that DEFORM is not being tested at HON or GE?
2) What is being tested at GE and HON? Only INSPECT?
3) What about THERMAL? Who's testing that?
4) How do they get all of this done with only 7 employees?
5) Wouldn't all 3 (INSPECT, DEFORM, THERMAL) be critical for aerospace manufacturing?
BTW, great post Silversmith, I am a fan (stalker) of yours.
Gooooooooooo SGLB!!!!!!
But there have been dalays in 2011 and 2012, see Silversmith's recent response to me.
We all should be careful and not let our eyes get bigger than our heads.
- stay smart
- stay vigilant
- stay grounded
- stay diversified
The HON news was on 11/18 and this news 30 days later. Wonderful, but we still don't have a product. We're going to have to continue to endure the same swings through 2014 as well.
Keep your feet firmly planted on the ground people.
I agree JJ. I'm not sure what the scuttlebutt was about. You are simply the best, better than all the rest. Better than anyone, anyone I've ever met.
By the way, it seems like our friend Sierra (Jim Cramer's alter ego) is at it again. She set a .33 price target in 10 days.
I bet she's pretty responsible for these swings. Previous she was going on about that bullshit airbus contract as well as the .40 and .80 cent price targets.
I wonder if there's any way we can stop her. If not, I expect we have another wild swing coming our way.