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Tangentially. Or partially derivative. I'll see myself out.
I literally could care less.
Case end point.
So this is what happens when we don't have the newest news...
Nice, last time we hit 4's I added and brought down my average significantly. About time to add again.
Interesting response from Witty.
Tick tock...
Impressive analysis.
Guess that's it guys, Sand Piper has spoken.
Either way, glad to have that support.
Haha, no kidding. Should we expect any revenue from this deal?
Also, remember this farce?
http://sierraworldequityreview.blogspot.com/2013/11/sigma-labs-sglb-to-open-at-estimated.html?m=0
Maybe it'll come true.
Oh yeah, I gotcha. I meant the unedited original filing.
Guess I need to start saving these filings. I have a hard time believing it isn't stored somewhere.
You're right...couldn't see it earler. Thanks.
I think that SGLB's greatest and simplest defense of being acquired is 3rd party objectivity for quality assurance. I think it's the biggest reason this company hasn't been bought for a relatively small fee.
Speaking of LinkedIn...anyone know who this employee is?
Does anyone else get emails from Darrow Associates about other companies' PR just because their name also has "Sigma" in it?
Such a let down when I see it's not regarding SIGMA LABS, lol.
I sure hope so...
Something that stood out to me
Yes, and Bert has also claimed that he received an exact dollar answer from someone at Sigma Labs regarding the pricing for the software. Everyone else has received cryptic information.
Either a subtle troll or a doofus.
Who's "they"?
No doubt. I've been burned before. However, this one seems special. Successful or not, this will probably be the last penny stock I invest a lot of time and/or capital.
I think many people blindly live by the adage "never buy penny stocks".
Other than that, it could be the insiders of the industry know how slowly things take to develop.
Fair point. I meant to include the word "just" prior to evaluation.
Do you think that the co-development delayed or accelerated the outright purchase after evaluation?
Except GE and Honeywell were a part of development, rather than "evaluation".
Ridiculous spread and we still don't know the terms of such contracts. Until we see the dollar amounts, I think this is how it's going to be.
I love hearing my email at exactly 8:00 AM, it's almost always SGLB news.
Sigma Labs Secures Order for PrintRite3D® System Evaluation
SANTA FE, N.M. – November 30, 2015 – Sigma Labs, Inc. (OTCQB: SGLB) (“Sigma Labs” or the “Company”), a developer of advanced, in process, non-destructive quality inspection systems for metal-based additive manufacturing (“AM”) and other advanced manufacturing technologies, today announced that a company in Germany has entered into an evaluation period for Sigma Labs’ proprietary PrintRite3D® products. As part of the agreement this customer, which wishes to remain anonymous at the present time, purchased a non-exclusive license to test the Company's PrintRite3D® applications in certain of its laser-based powder bed metal machines – some of which were on display at the recent Formnext show in Frankfurt, Germany.
“We are delighted that this high quality organization has decided to evaluate our PrintRite3D® software in its machines to assess our patented In-Process Quality Assurance™ (IPQA®),” said Mark Cola, President and CEO of Sigma Labs. “The customer will consider adding our quality assurance and process control technology to its equipment offering starting with our INSPECT™ software – broadening the market for additive manufacturing. With Sigma Labs’ software on site, they can easily evaluate our technology with regard to leveraging its benefits across a number of automated applications.”
About Sigma Labs, Inc.
Sigma Labs, Inc., through its wholly-owned subsidiary B6 Sigma, Inc., develops and engineers advanced, in-process, non-destructive quality inspection systems for commercial firms worldwide seeking productive solutions for metal-based additive manufacturing or 3D printing, and other advanced manufacturing technologies. For more information please visit www.sigmalabsinc.com.
Seems like news without revenues has been completely exhausted. No idea where we go from here...
This is hypothetical language that is rather standard in filings. We have not announced any intent to have an offering.
Best,
-Chris
Chris Witty
Managing Director, Investor Relations
Darrow Associates
New York, NY
646-438-9385
To: Chris Witty
Good afternoon Mr. Witty,
I was curious about the language of a section (particularly the underlined portion) found in the most recent 10Q (shown below):
“Based on the funds we have as of November 10, 2015, and the proceeds we expect to receive under our engineering consulting agreements, from selling or licensing our PrintRite3D® systems and software, and from offerings of the Company's common stock, we believe that we will have sufficient funds to pay our administrative and other operating expenses through 2016.”
Does this mean they believe they have sufficient funds from offerings exercised in the past or offerings anticipated to be used in the future?
Thanks in advance,
NUGZ
Probably the most negative sounding post I've read of yours Silversmith, something about the CC leave a bitter taste in your mouth? I genuinely appreciate your contribution to the board...look forward to hearing your thoughts.
Welcome!
And great news. This was probably my biggest concern.
Haha, wasn't expecting that either considering Chris only introduced Mark.
Yeah, they're set to reveal the MetalFab1 on Monday (11/16/15) with Sigma as a VIP guest...
Mr. Robert Stone from Cowen and Company again...can't say there isn't bigger player interest...
http://www.cowen.com/cowen-and-company/research/research-coverage/
You're not concerned with the S-3 in the short term IF a large contract isn't awarded soon?
Undoubtedly, there will be some play-by-play posts. Haha, we're like rabid sport fans for SGLB.
I imagine there are good things to report. I'm just concerned about dwindling cash on hand that increases the likelihood of exercising the S-3 before significant revenues are produced. That would be disastrous for current shareholders, IMO.
I don't know what I expected but it's not ideal for the short term, IMO.
Looks like that is as of today...and I didn't notice the other position:
Engineering Manager - 3D Printing
Sigma Labs, Inc.
Santa Fe, New Mexico Area
Nov 4, 2015
Sales & Marketing / Business Development Specialist
Sigma Labs, Inc.
Santa Fe, New Mexico Area
Oct 27, 2015
Huh, looks like SGLB has a new controller as of October 2015.
https://www.linkedin.com/pub/janet-martinez/12/a81/488
Also don't recall anything about the software engineer that joined us in June 2015.
https://www.linkedin.com/pub/lars-jacquemetton/50/398/627
Also consider the need to ramp up production significantly in a short period of time. A large contract has large amount of work attached, which they'll need to get a larger facility, hire more employees, and more equipment (all of which is very complicated/specialized...thus, more expensive). A 5 million dollar contract would be a drop in the bucket if they intend to ramp production.
What I'd imagine them doing is utilizing the S-3 shortly after a large contract(s), get an independent board of directors, reverse split, then uplist (with a higher and more accurate market cap than not utilizing the S-3).