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Business as usual, per your usual diagnosis?
So, BAU?
Cool, thanks for the update.
Maybe I missed it...did you follow up with an inquiry after the presentation?
If all he's doing is baby sitting the balance sheet and following GAAP, why hire him at all when SGLB has a controller and treasurer (both who are CPAs)? Effectively either one of them could have served as CFO. The treasurer, Monica Yaple, even used to hold that title...hell it's still reporting on their website (https://www.sigmalabsinc.com/uploads/resumes/Monica%20Yaple.pdf).
To be fair, it is still interesting. Recent (Today actually...) articles refer to the plant as a $50 million dollar facility, whereas the article posted states that an additional $50 million will be invested. The plant literally just started producing in late 2015...so the statement can still be true, but it just doesn't feel nearly as significant if the news was recent.
Doh! I definitely got caught up by the prospect of a 50 million dollar (hell even 10%) injected into this company's revenues. This definitely reels back the excitement. Interesting that SGLB also posted on their LinkedIn, but then again, Witty could have just seen our positive reaction and posted it...who knows.
Holy...maybe I need to back up the truck.
They don't "need Sigma", they need a IPQA solution for full production, otherwise the point in using 3D printing is kinda nullified. Sigma either has or is developing. No one can say that Sigma will be contracted, but they are well-positioned.
As for GE Ventures role in funding some technology, I'll refer you to Silversmith's post #42404 that I found interesting, particularly the part about "GE does not play nice with entities outside of GE, and even with competing divisions within GE."
GE is such an enormous company, that it's easy to understand that GE Ventures' goals likely aren't congruent with GE Aviation's goals.
Pretty interesting that Woodward wasn't even listed as a prospective customer on the 2016 Annual Shareholder Meeting on April 28th. Ron's gotta be doing something right.
Huh, and those two postings are the only ones that show up on their official website https://www.sigmalabsinc.com/about (they're at the bottom).
Looks like 2/5 jobs postings on LinkedIn have either been filled or simply removed.
$SGLB$ - Huge contracts incoming!!!
Any reason it has to be a private offering rather than a placement with offering rights for existing shareholders?
Unfortunately, I agree. I believe the technology is there, but still being fine tuned. I think the original commercialization of PR3D was part of a required check-in-the-box milestone set forth by some outside entity (Rockville?). Short term just looks bad. Long periods without any communications generally raises some flags. I think those of us who have had the "pleasure" of holding this long are going to hurt for quite awhile.
I know Sigma Labs is a legitimate operation, but if they sell shares after a reverse-split with no restrictions from immediate sale, at a discount, or significant contracts in hand, then they aren't acting in the benefit of the current retail shareholders. And that does resemble typical penny stock tactics. However, I'm under the impression that Mark too had anticipated much higher sales at this point...so he may not be malicious, but more likely careless.
I want to reiterate that I think their use of selling shares are what they believe is needed to keep the business running but also to keep Mark in control. It seems as though they're only willing to issue shares for cash rather than some other financing so they can "self-regulate". I doubt they're open to any other financing options (this highlighted from previous offerings, doubling the authorized shares, and the S-3 filing). Their limited downside risk of using this option is diluting the value of their own existing shares but this is kind of negated by the fact that they're salaried, can issue more shares to themselves without much transparency, and can continue the pattern until sales take off. It's easier to be impartial to share value when your shares are mostly superfluous to your compensation.
I'm long but stuck...I think Pisd aptly said something along the lines of "yes sigma, but why NOW?". A lot of people, including myself, will probably still be in the red even if we had a 100-500% share appreciation overnight. /rant
Unfortunately, looks like plans are contingent on generating revenues through existing contracts (which is expected to only bring in 640K for 2016 thru 7 active contracts) and obtaining new business; otherwise, they're going to issue common stock for funds.
In a couple places in the most recent 10k:
OEMs & part manufacturers don't want to own Sigma Labs because that would immediately discredit the technology of being an independent measure of QA.
And then they'd lose credibility as an independent 3rd party for QA.
Did you ever try contacting them?
I'm interested myself.
I'm beginning to believe that the barrier of entry isn't only with producing the technology...but also using it. I wonder if the reason our engineer department is growing simply for the reason of showing other engineers (customers) how to use the product.
If Creatz3D is going to sell AND service the technology like the PR says, they've got to know it inside-out and I don't imagine that will happen over night.
That's all us shareholders can ask for...wait, that's not right.
Interesting. I assume that's what David Clark and Alberto Castro are doing for Sigma Labs over at Honeywell?
Interesting. I assume that's what David Clark is doing for Sigma Labs over at Honeywell?
Additive Industries has sold 5 MetalFAB1 printers to date. I asked Mr. Witty if PR3D was included on any of those machines, because the original question on the CC was in reference to the machine sold to Airbus.
No comfort from Additive Industries?
I think they're going to be the reason we start to see increased revenues before anyone else.
Yours too, Mr. Shareholder! :)
Yeah, I'll be on the call.
Also, I asked Witty if Ron will be on the call. He said he will be but isn't sure if he'll be answering questions. I followed up to see if he could ask, to which Witty said he will check. I'll report what he says...I thought it might be interesting to directly ask Ron about sales.
Like you said, everyone placing low-ball limit orders. I've placed some limit sells up to $80 to see if I can get lucky like that one bizarre trade.
If so, I believe we should know by the end of the day with an 8-k filed.
Would be surprised if we don't see some flipping here...
Glad SGLB have worked with some IP lawyers to protect them a bit more.
Interesting stuff. Paints a clearer picture of potential customers/on-going talks.
Thanks.
I know you'd prefer to represent a large shareholder, but I am interested if you'd be able to attend on my behalf.
Would appreciate to hear your thoughts silver.
GR1D, you as well.