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While both are amazing connections they aren't paying the bills. Maybe this will set us up for the future but I sure wish we could sell something, anything, or maybe Ron Fisher can have another nice year of salary and no sales.
GLTA
At some point if we have closed loop or potentially closed loop we should be able to sell or lease something even today. Rice needs to bring in some money besides dilution. I could apply for Ron Fisher's job, I think I could sell nothing or next to nothing in a year and make a nice salary :)
Starting to agree at a market cap of now at 5.6 million if we have such valuable tech why hasn't Honeywell, Boeing, etc taken a bigger interest. With all the recent takeovers and buyouts 5.6 million is literally pocket change to these companies. We never had this low of a market cap in otc, what happened to the big institutional investors.
Probably positive to have John Rice as CEO, at least he maybe more invested, looked kind of bad to me to have an interim CEO for so long of a nasdaq company. The verdict is still out on John though, they actually sold more with MC as ceo, but hopefully his transition to more commercial works. Also what options did we seriously have at this point for a new ceo.
Kinda funny, but I was buying warrants for awhile but at this rate it is crazy to buy them (they have been at about 40-50 cents for couple weeks) with the now around 1 dollar stock price it is probably dumb to buy a warrant that at the end you have to pay over $4 dollars for. Maybe they will be the same price soon. Don't understand fully why warrants don't reflect the same price action.
GLTA
What a dirty business the guy that started working at GE for a couple months after years of working with sglb just happens to file patents on stuff similar to the jtda tech with sglb.
Thanks ddd, I am in the same boat as you with shares and time when I invested, I think I am a little more optimistic about the company but we are both still bailing water out of the boat. Hope we don't sink.
Glta.
Interesting article about software patents, they mention sglb recent patent. More about the process of how difficult it is to get software patent so we must be doing something right.
http://techrights.org/2018/05/20/swpats-under-section-101/
GLTA
For a couple of years I have said this is our biggest client. Trumpf is one of if not the largest machine producers in the world, i.e. cnc machines. And the absolute expert in the world at using lasers for production, they have a huge footprint and customers around the world that trust them. They originally produced additive machines but got out because it wasn't ready for serial production. Now they are all in on additive and are going with sglb for their qa because they are efficient and just want to sell additive machines without reinventing the qa wheel. They also are closely tied with their fellow German company Siemens. This is huge because once a manufacturing company in China,US,Europe trusts a OEM they stick with them and sglb is a part of this now. To me Trumpf is our most important client and they also work closely with Laser Zentrum Nord. We need to hire more people in Germany. Maybe even Kanya:).
Hi Former,
Surprised the board hasn't asked you more questions as a former employee of sglb. Of course I dont want you to divulge anything you cant but I have a couple general questions.
Did the people at sglb believe in their product? (i.e. I worked for small biotechs and in some of the companies I worked the scientist floor level employees knew the product was junk). This would tell me that this isn't just a shell company to raise money off of investors.
Did you know anything about what happened to our relationship with GE?
Are you invested?
Thanks
Bottom line to me is GE ripped of sglb from the jtda. Just look at the guys applying for the patents one day after sglb. They got their PhD a couple of years ago in physics but somehow in high school designed an algorithm exactly like sglb to apply for a patent. This is why Mark stopped giving printrite3d new version to ge, which he said in the c.c and why ge gave a horrible final report to America Makes program while at the same time applying for patents.. Why on earth would you stop giving the fortune 500 company the software when they can launch your company to high pps unless you think they are ripping you off. I don't know all the legal ramifications of a jtda, but I don't think it is a fight sglb could win. Unless you get patents. And I think now this is where this ballgame is at.
OK here are questions for visionary. I can only post once per day because I dared talk about people monitoring the board and launching fed investigations against the board they monitor.
So visionary thank you so much for your dd and attending these conferences, this is probably the most valuable info on this board i.e. what the engineers at these companies think about printrite3d. This may sound stupid, but do you ask sintavia etc, are you going to buy printrite3d or suggest to buy it to your bosses. I am an admitted dot connector but at some point we need to ask this question. There are nda's but these are not state secrets at the end of the day?
Second I see you post on the ITOX stock which is the edge computing out of MIT that sglb has a working relationship with. How do they have a 80 million dollar market cap with no sales and we are so low?
Thanks again for your input to this board.
GLTA.
Thanks SS for your detailed and well thought out response to my post about if sglb would sell out for 40 mil market cap. I 100% agree with your reasoning, I just hope John Rice sees this potential, which he may or may not. Inherently he is a interim ceo and wants to show he did a good job and selling at 40 mil market cap from a couple million market cap would be a success for him (his main job is taking struggling companies and rehabilitating them, so going from 7 million matket cap to 40 mil is a huge success hence he gets more customers for his company that he is CEO). We all know this would be very undervalued if indeed printrite3d is what we think it could be to be sold at 40 mill price tag. My background is working for small biotechnology who sell out even when we had a good product because the ceo got a great job (or benefit from) in the buying company and a corner office and made some money on the deal and had to work less hours. That is my worry here, JR in the CC didn't even know Vivek Dave's name (the Co- founder of the company) so that showed me he is not to invested in the product or history but was interested in future, but if you can come in make a nice profit and sell without the sweat and tears of starting a company it is much easier to sell. Thanks though I think you are totally right just hope management sees this potential as well.
GLTA.
What is your definition of success? If you are John Rice with a parent company that rehabilitates companies and takes a company from 1.50 pps to 8 pps and sells at 40 mil market cap this is a success. You put money in your pocket get MC a corner office and job with whoever buys the company i.e. honeywell whoever, that is success. Even at 40 million market cap. Most of his compensation has been below the 8 dollar value for pps. While long investors are holding the check. And a bonus is he can sell this story for his parent company to be the interim ceo for the next struggling company and make money off shares granted and pick up a nice salary.
I actually at this point was more confident with MC at ceo that he wouldn't sell. He had for years 300,000 shares and at the current pps it is a nice chunk of change but not something you would sell out for.
Personally I think JR might be waiting for the patents to clear and then sell. That is almost stated in the 8K. And again that is a successful end to his parent companies rescuing of sglb. Rinse and repeat with the next company.
Would like to hear your response on this because I value your insight. Also has anyone asked the company about a succession plan for CEO, if this is a long term company then they should be searching for a new CEO or whether John is in it for the long term.
How is it not a conflict of interest to have a ceo who if you sell the company for a small profit and move on to the next client is a great thing while shorting the long term investor.
Thanks SS, that was actually the worrying thing to me in the 8K, the incentive to sell the company at 8 dollars. To John Rice his history is selling companies and have a success close the account and move on. But to a lot of longs here after all the dilutions, splits, etc and considering what the worth of these patents could be, this 8 dollar valuation is low and we are averaged in at that level (myself) or a lot higher. So I really hope if these patents are everything people say and we can actually sell something we hold out for a little bit higher pps before we sell. But being down now I guess I should be thankful for 8 dollars. Who knows.
GLTA.
This is cool, maybe Morf3d will have money now to actually buy a couple pr3d units. If we can't sell to our strategic partner we are in trouble. All in all good sign but we need to close some of these deals, and if Ron can't do it then we need a new sales person.
Dots follow but in absence of revenues gives me something to dd. So Premium Aerotec just acquired APworks, which Additive Industries sold their first printer too. These are basically people making parts as supplier subsidiaries of Airbus company. Also the people helping Premium Aerotec certify their 3d parts is Laser Zentrum Nord.
https://www.reuters.com/article/us-germany-aerospace-3d-printing/premium-aerotec-drives-3d-printing-efforts-with-apworks-buy-idUSKBN1HP2IR
https://www.premium-aerotec.com/en/media/press-releases/premium-aerotec-reaches-an-agreement-on-collaboration-for-the-industrialisation-of-printed-aircraft-components/
Hi Vision, just saw the free trial give away from sglb. While I am not against this necessarily this seems at odds with what John Rice said that we are commercial and dont sell one offs or r and d systems. And don't we have to pay for installation and send guys out to the plant to set this up. Again I was and am all for the EAP program but don't understand the conflicting messages from JR sayingwe dont do this and then Ron Fisher giving out free trials. How long is the trial? Either way hope Ron sells something if this works then fine but be consistent.
https://mobile.twitter.com/Sigmalabsinc/status/984846738891550720?p=v
NIST article, great we are working with them
https://www.qualitymag.com/articles/94653-metrology-for-additive-manufacturing-to-come-of-age
I agree with your assessment. I think this has to be known over the next couple quarters or 1 year, otherwise it is going to be difficult to raise more money to pay for this enterprise. I personally need to see some acceptance even in a small way this year or I am out.
GLTA
OK the warrants, sglbw went up by 30% (while shares are going down) on 700 warrants sold to .52. I think I understand pps for the stock but these warrants which I have bought are still curious to me. Does this spike have something to do with the private placement or just how warrants go?
From the cc I think we are still in the lead for quality assurance. Serial production can't come soon enough because we need revenue. I invested way to early in this stock but I am happy to see they have kept at front of the pack. This will be a multi year thing until we see true big revenue if ever. But hopefully this year we will confirm our product is good and plow that back into staying in the lead with improved product and patents for the big money a couple years from now.
Wow is it really necessary to release this as a pr? This seems like total fluff. We need to get our filings in order and sell something. JMHO.
I am not overly concerned by the late filing, but it is ironic we clamored for a business man to be CEO and got a new CFO which allowed MC to do more pitching and R&D and we can't file on time.
Just more bumps hope the road paves out in future. GLTA
Talk about misleading, how could sglb possibly get a sub sub contract with the DOD or DARPA with a DOD ig investigation? Any updates RBF?
Hi Visionary, just a layman's question, what is considered recycled powder? Is it the powder left after a build? Or something else? I guess just any info you know about this to help me understand more about the NIST project.
Thanks
I love the NIST announcement because they are heavily involved on standards but just one question I have is NIST purchasing a printrite3d or is this a non monetary agreement. Either way I think we have to do it but the federal government has a lot of money and probably could afford to buy one which could help our bottom line a little bit. Does anyone know if they are purchasing pr3d for this project?
A little out of left field but just google mapped Morf3d
https://www.google.com/maps/place/Morf3D/@33.9281324,-118.3873505,3a,75y,334.05h,82.11t/data=!3m6!1e1!3m4!1sG1ZTS738InZ4nQCYID2FFQ!2e0!7i13312!8i6656!4m5!3m4!1s0x80c2b6b5d04df45b:0x646330ffee63a6df!8m2!3d33.9274305!4d-118.3876934
They are literally 50 feet from huge Boeing factory and really almost share a parking lot and a block away from Raytheon.
Don't know what it means but doesn't hurt to be partners with people in this part of the aerospace business.
GLTA.
I think just GE with leap fuel nozzle and a cover for a temperature sensor. Both FAA approved. But they are doing this with full post processing. And GE is seriously behind on the production of the jet engines. I have no idea if this is because of AM or because they over promised engines in a short time.
I will repost then, the following is a project from NIST last year developing quality assurance for AM with sensors etc.
http://www.rapidreadytech.com/2017/08/11715/
Find it amazing that they turned to sglb for current study. May not be revenue but I will take working with people who help set standards over a fluff piece. GLTA.
WIPO includes China which could be big, although I don't this field very well and if these countries respect this much. Someone on the board might though.
Thanks
Thanks
If you can sell stuff maybe you should apply to sglb :)
In light of zero news from sglb, found article about laser zentrum and auto industry bugatti, prsche, Volkswagen planning big things for AM. I guess it allows us to dream sglb is a part of this who knows.
https://www.google.com/amp/s/arstechnica.com/cars/2018/03/lightweight-calipers-and-rare-old-parts-3d-printing-at-bugatti-and-porsche/%3famp=1
Thanks Ted, I agree with your thoughts but there is coming competition as I said in my original post and we need to continue to progress, lock down these patents and makes some sales to pay for r and d to stay at the front end of the curve. But this all comes with revenue because they can't keep raising money on investors otherwise they will be in trouble. Mostly posted the AmericaMakes article to show that granting organizations will give out money for similar stuff and others are working on this however it has to work at the end of the day.
https://ewi.org/eto/wp-content/uploads/2018/02/thumbnail-increase-thruput-advanced-quality-systems-030118.png
So the capabilities they offer are printrite3d or their own. Doesn't sound like just advising to me when they list capabilities.
So they are a non profit offering services to companies. How is this not commercial. See link above, if this not is not commercial I don't know what is.
Another America Makes project with US Navy and Senvol on in-process monitoring
https://www.americamakes.us/senvol-developing-machine-learning-additive-manufacturing-software-u-s-navy/
"In addition to our machine learning capabilities, we have also developed a computer vision algorithm that analyzes, in real-time, in-situ monitoring data. This enables us to detect irregularities in real-time and begin to quantify the relationships between irregularities in the build and the resulting mechanical performance.”
Hope John Rice means it when he says game on, because it is time to lock up some of these customers before others do.
GLTA