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That's not true, there are different tiers. https://listingcenter.nasdaq.com/assets/initialguide.pdf
Just a gut feeling, but I expect additional news today. Monday at the latest. Mark seemed to be bursting at the seams yesterday-- and the rapid timing of this makes me think they have something up their sleeve....Also... Did anyone else notice that their report specifically states that per NASDAQ requirements, their board (except Mark) is considered independent? I thought that was an unusual thing to note in the filings, and don't recall seeing it before. (I'm not sure that I agree with it per the definition I'm aware of-- but they may be applying sooner rather than later, is all I'm saying.)
Thanks, I heard. He also said they had "specific motivations" for doing it right NOW, so I assume that they have something up their sleeves. [Let's hope that means investors in the wings (briefly touched on) as opposed to S3 (also touched on) lol!]
Thanks, whoever did that... :)
Can someone ask about timeline to uplist?
Whatever jerkwad with the 290k sell block needs to break it up or get out of the way lol.
Wow--- he said If they got nothing new-- no new contracts at all--- would still end 2016 on a positive note.... NICE. Also.... GREAT answer about why SGLB is superior to the manufacturers' QA. Cool they're using international lawyer, too. LOL that he called other methods "pretty pictures"....
Respectfully, I suggest you read their last 3-5 Press Releases before knee-jerk selling. It may not be so terrible as you think.
An excellent distinction.
As will we all ;)... I'm just giving you a hard time, you know. I suspect I am about 2 decades younger-- I definitely don't blame you for being cautious. You're a good balance/ voice of reason on this board.
You know, Alan...I seem to remember you predicting record losses/expenses to offset revenue gains.... looks to me like their losses got cut in half for the year.... I think this announcement is good news. The independent board is an easy fix and it's very clear they intend to uplist (and thus intend to meet all requirements) in the near future. I am sure it will be addressed on the CC. Looking forward to 11.
Also a possibility.... they definitely emphasized institutional investors/ uplisting plenty! Let's not forget our China connections also. :)
Do you think...
.... it may have something to do with the S3?
WOW!!! more rev's, less losses, German machine manufacturer (cough, EOS?) integration potential, and a repurchase, too ?! ...thoughts?
lol I too may know the company of which you speak.....;)
Interesting....That Parabilis Co. is getting DARPA/SBIR /NASA contracts too..... Some call them 'dots'.... I just think we are so networked it's ridiculous. :)
I think it will probably be good. The biggest benefit I see is that R/S + uplisting would allow institutional investors (who ask questions at our conference calls and are clearly monitoring us) to actually buy in, since most are under restrictions to not invest in companies under a certain valuation/share price (like $3 or $5, I believe) for risk reasons.
With regards to your example-- a R/S makes it possible to get to $20 at all.... I mean, with the current 625,000,000 share structure (or whatever we're up to now) we'd have to be worth over 12.5 BILLION to get a $20 price tag, which is totally ridiculous by anyone's estimates... that's more than DDD and SSYS and a lot of these printer manufacturers combined! On the one hand, yeah it sucks that we'll all have less shares-- but I think (hope!) that the fresh eyes and the ability for funds/ institutional investors to start buying in will more than offset any downside. It should at least go a long way toward bolstering our perception as a legitimate player in the 3D space. [It is very weird for a company who's working with Honeywell, GE, Air Force, to be valued at .05-.06 lol].
Personally, I've been in since .028 back in 2013. The run up to .275 was great...but for the past year or two, we've all pretty much been trading amongst ourselves. The company has made great strides in that time--milestone wise we're in a much better place that we were back in the 20 cent range-- but in terms of share price-- it's going to take a lot of new people buying in to really take us to the next level and I think R/S / uplisting is about the only way we'll be able to do that in a reasonable amount of time. That's not saying anything against the company.... they knew timing was everything and the window to market was narrow, so bought up a crappy shell to get to market faster, rather than go through the more time consuming start-from-scratch IPO route.... It was a good call in the sense that we seem to be a market leader in 3D Quality Assurance... but not good in terms of us having a bloated share count from the start. Silver is right, this is the next logical step, IMO.
PS: It's cool you're from Ky :) GO CATS!
Thanks for the detailed post. That's what I was thinking too. Hope it works out for us! :)
Silver- do you think it's a positive thing?
I think it's pretty doable at least at some point this year. The directors part is easy- and the #'s.... well.... let's see how their financials are this report and the next. If they time whatever R/S right, I could see it.
It looks to me like we could do Capital Markets based on what I'm seeing? (unless I'm not reading it right). What about Nasdaq Global or one of these other tiers? It says only one of the 4 sets of requirements has to be met on the plain global (not global select) one.... but where are you getting your capital markets info? It looks the most lax and seems to be what they've been working towards with steady changes.... Just need a higher share price-- hence R/S ? https://listingcenter.nasdaq.com/assets/initialguide.pdf
Yep! A good sign.
The filing is big in and of itself...and it's about time we had some real green coming our way...I just really hope this run up has nothing to do with a certain recently reappearing 3D stock advisor whose name may or may not rhyme with Larry.... lol. (Since it's not been PR'd, I'm not sure who else knows about the filing except us on the board, but there must be some sort of new eyes since volume has been trending higher than our usual 'trading amongst ourselves'... unless some of the true believers are taking more of a plunge.). But hey--I'll take the green day regardless and hope we're all still celebrating EOW also. :) We've been undervalued far too long, in my opinion.
3/18? not tomorrow? [I'm such a dork...I moved a Dr's appt to next week so I could hear the CC live/ see how things play out tomorrow lol. It wasn't pressing, just to get new contact lenses....Priorities! ;)].
Also-- America Makes project end date is today. Perhaps Mark will now be able to talk about it more?
It's real. I accessed the same thing via the Nevada Secretary of state's government page:
https://nvsos.gov
Go to "nevada business search" (small box under the colored headings) .... type in sigma labs.... (go to the active one)
then click where it says actions/amendments (bottom of the page.)
It was just filed yesterday.
You can even triple check it by going to the secretary of state link on the main nevada government page...
http://nv.gov/agency/department/#S
Maybe Wittyhasn't been updated since it just happened yesterday and they haven't PR'd it? Remember, he's just an IR/PR guy who works for Darrow (with multiple clients)-- not a full time Sigma Labs' employee, or someone who does their legal filings/paperwork.... Pretty crazy though. Tomorrow will definitely be interesting! GLTA...
I don't know that I'd say DENIED.... just obfuscated ;). I mean, the filing is real. And very fresh (just happened yesterday?). I guess we'll find out tomorrow, or sometime soon, what the story is.... fingers crossed!!
I know- I just mean in terms of stocks generally who do this, what happens? [I always thought R/S was bad... but if combined with uplist-- given SGLB's legitimate contracts/partners/support idk?] Just curious what everyone's thoughts were on the matter. [I realize it's all speculative.] Also--- anyone know what the timeline typically is? Looks like they just filed that statement.
So what does this mean for share price today? And post-R/S? [Also, anyone know when this split will occur?]
That's one of their oldest agreements with MHTX....It's been in the works though seemingly on the back burner for years.... they licensed it to MHTX so as to focus on PrintRite.... but if it ever takes off, would be great. Ditto for the ARMS/BAM/ crazy ammo licensing agreements with Allotrope, etc. (I actually do expect something to come of that.... especially given Vivek's recent activities and what Allotrope/KMI are doing with the DOD per their own news.... SGLB's % is unchanged, Vivek just obtained a greater personal share in it through his work with KMI, which would bode well for it leading somewhere eventually, IMO.) Pure speculation of course, but they've come out of left field before.
Deadlines. GE at least needs to get started producing on time--even if it's less cost effective using destructive testing at first because they've hyped AM/ their production schedule so much and are accountable to their shareholders and customers. They are backordered to an insane degree, if you recall the #'s, and won't reach full capacity til 2020. We have plenty of time.
Well in an automated factory, most companies purchase standard equipment-- then use sensors/software that are custom-tailored to their quality needs. For instance, in a food packaging operation, they'll have all kinds of sensors (made by Renishaw or whoever) to do things like detect metal, measure weight/kick off underweight items, frequency of boxes going past, machine efficiency, jams/ when the machine gets slightly off track/needs to be cleaned/calibrated, etc and the machine operator (on the floor factory person) will have a screen that shows all that, so he/she can see when an alert happens and fix the problem before a lot of waste happens. There is an entire industry of engineers (in-house, or 3rd party) who sole job is to make customized software to make off the shelf equipment work right within a specific company's factory line. I know these two bajillionaires, from a small town in KY, who create software to customize the robotic equipment to different people's needs-- they've done work for Toyota, Honda, some drug companies, etc, and that's just two guys. That's why Sigma's current small staff doesn't really bother me so much. They'll have to ramp up with more orders, but right now it's not really an issue.
With Sigma- the reason I mentioned calibration, it's not that Sigma's sensors need to be calibrated (and in fact their sensors are off the shelf components also) Sigma's main sell is the SOFTWARE package. The part that detects when a machine isn't running right/beginning to produce bad or potentially flawed parts. I mention calibration because 3D printers of all stripes have to be calibrated A LOT. I am sure there are preventive maintenance schedules from the OEMs, but 3D printing is extra critical because as many have said, "every layer is a potential for failure" and with high stress parts critical to safety (such as on an airplane) that is a HUGE liability. That is why Sigma Labs' work is so important. Additionally the fact that they are working with 3D Sim is great-- because 3D Sim's software handles the front end-- the CAD type stuff for AM-- what each part is supposed to be like in its finished form (a little like Comsol or whatever) but their work will be what tells Sigma's programs what "in spec" actually looks like... so in synching them together/making them able to communicate, Sigma's software can know what to flag, essentially. That is my impression at any rate.
Yep. That's pretty much how it works. I imagine that it will eventually be like what you see on a factory floor--integrated in the production process, like the SPC/run diagrams/control charts on automated equipment nowadays that tell operators and quality leaders when a process is getting out of spec, so they can flag it and fix the issue before it gets out of hand. Eventually, once integrated with MetalFab1- (or subsequent models) may be even be true closed-loop, (where the machine gives constant feedback/corrects itself) more like the new fancy CNC machines. Even just being able to flag a part is huge though. Imagine if you were printing nozzles at full production and the calibration got off or something needed to be cleaned, and hundreds or thousands of parts printed before you caught it! SGLB is important because they can detect the microscopic and internal defects that would be impossible to detect with the naked eye, or without going all out and spot checking through destructive methods with sampling, time consuming tensile tests, etc. [and even then you'd still have the problem of, if a part doesn't pass- having to scrap its whole batch/everything that was made since the sample was taken-- which is a huge waste/ not very LEAN.]
What a bunch of jerks! That's so horrible of them. It's like, "Thanks for all your IP over these 5 major projects... we don't need you anymore, but uh, sometime in the next 5 years we'll be incrementally hiring if you want to come back...probably at the same rate you started...." Terrible company. I know they're important to us (maybe), but I think they're just awful, and am really glad we have Honeywell to balance/back us up because I don't trust GE in the least.
I agree, though think it'd be a true merger, not them buying us out or vice versa. Also probably not for at least a year.
Like if we became the Renishaw probes/sensors of 3D printing? :)
I suppose that depends on how many shares you have, and what it would take to make you feel "rich".. . LOL. [Personally I felt pretty rich in 2013 when we were at .27…] Not "RICH-rich" but it was a nice chunk of change at any rate. [I gave a lot of it back through some other crappy investments, but I got a decent bit out, and it was nice for a time… ] If we hit .50+, things would REALLY be gravy. lol. We have a looong way to go for a ten bagger, but if debt-ridden biotech's can be worth hundreds of millions for doing nothing, I don't see why our small, debt-free company can't eventually hit that, with a few large contracts. We're dependent on getting revenue up, but at least management keeps its overhead low and we don't have any debt to worry about in the meantime. It's just not going to be instant… I've been in since .028 so figure if I've held on this long (to varying degrees) what's another 6, 9 months, year, two years? Like anything on the market, it's all just an educated gamble anyway. Though the price doesn't show it- I think we're far closer to sustained growth now than we were 2 years ago. I could see .20s-.50s even with our current share structure. If we eventually uplist- the sky's the limit, but all that is pretty far off, IMO. It's a question of how much patience you have and whether you think your money would be better placed elsewhere in the meantime.
I'm thinking we'll see something in March, esp. as the America Makes program winds down, and the GE-led project reaches completion. Our CC is the day after it ends. Before you argue- I am aware I have no factual basis for this opinion, just a gut feeling that spring will be good to us. haha.
Likewise. I have heard they are notoriously crooked in that regard… That's why I was so pleased that Honeywell was so open about using us, even hyping us publicly in their letter. I think we'll have a good year, in the end.
Heck yeah!!