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According to SEC Edgar files:
https://www.sec.gov/Archives/edgar/data/788611/000125085317000110/xslF345X03/primary_doc.xml
Mark Cola sold 7874 share at 3.25 on 12/22/17. Filed today.
Not much but why sell anything if things are going well? Paying off Christmas presents?
Always small stocks. Take a look at Sphere3D (ANY). Years of manipulation and possible management collusion. Still struggling on today but not before taking lots of peoples money.
There is a difference with SGLB though. I believe that it is a legit company and management is not involved. Sphere is just a means to milk money from unsophisticated investors. I was on of them. Just my opinion.
Alan, here is my guess as to what is going on.
Dont think this is any validation of SGLB and indicates a turning point. I believe this is probably a group of vulture traders that descend on small struggling stocks with a low float and pps that gives them an easy entry point.
Through coordinated and illegal trading they drive up and down the price, driving up the interest in the stock pulling in unsophisticated money. Periodically they take turns pulling off profits from the new money. This will continue for a short while until people catch on to what is going on and then they will turn their attention to a new victim.
After they are through we will be back to the few thousand shares per day trade and pps goes back to near where it started. Hope I am wrong but have seen this happen before in other small stocks. Just my guess and speculation. Take it for what its worth, been wrong before.
Something fishy going on here. Crazy volume but shares not going up. What gives?
Wondering if this volume of premarket trades are some kind of arraigned trade?
Premarket volume at 90,000 shares already and down about 1.5%. Going to be a bumpy ride. Maybe we can hear today what is going on with this stock.
Been in SGLB for 6+ years, since back when it was .04 cents a share and you could measure your shares in the hundreds of thousands. Seen all the ups and downs but never seen anything like this. Lots of shares traded and big dollars changed hands but pps gains were not proportional. If that number of shares were bought and held the pps should go through the roof, much more than what we saw.
Because of this I think someone is gaming the system and I would be surprised if these gains hold. Game changer on this is if another PR is released next week justifying this sudden interest in SGLB and the rocket continues to rise. Will be very interesting next week either way.
I think there must be another shoe to drop. The PR today would not have generated this kind of action. Either someone leaked additional favorable SGLB news (which would be illegal) or possibly someone is positioning themselves for a takeover. That would show up on the SEC Edgar site next week if they gather enough stock. Too bad today is a short trading day and Monday is a holiday. Have to wait till Tuesday next week to see how this plays out, barring additional PR's.
For now, enjoy the ride.
Coming up fast on 2 million share volume!!!
This is wild. All we had hoped for. We are racing, fast past a million share volume today! Someone is placing a BIG bet! Must be more news coming.
Hope this proves me wrong! Somebody thinks this is a bigger deal than I do. Look at the SGLB price and volume today!
Well, this is certainly not bad news but it is not the big contract we have all been hoping for. This is not a production contract but probably one more micro-step towards production that has occurred over the years, with little or no money. LZN is a research company and it appears they will work with SGLB to perfect the process making it ready for full production. I am sure they are not doing this for free and this could represent a future dilution of SGLB shares.
This, along with the lack of sales, tells me that the SGLB product is not perfected for line production and we still have a way to go before we get the large line production sales. There is still hope and slight progress but you better have a long time line before you expect this company to become a money maker. Just my opinion.
I'm sure this makes kanya happy. Another German connection. Merry Christmas everyone and I hope we all have a happy New Year!
Rice speaks today at the LD Micro Invitational Conference 4PM Pacific time. A live audio webcast of the corporate presentation will be available via the Company's website at http://client.irwebkit.com/sigmalabsinc/events.
Will be interesting to see if any revelations appear today.
All this activity with big companies buying up small simulation software companies seems curious to me. The emphasis appears to be on the up front development with simulations. To me, it would seem that the in-process and final evaluation would be more important and they would be devoting more focus on that part of the process.
Is this because the large companies feel that this is something they can take care of themselves? Does this explain why SGLB has been left out of all this merging activity and its stock is languishing?
It would seem that if the SGLB process is critical to the production process a lot more attention would have been paid to SGLB and its share value by now. I would think that we should have at least one buyout or partnership offer by now.
True. I have been here since the early penny days and have seen all the ups, downs, and disappointing projections. But you cannot deny that SGLB has made progress and the revenue appears to finally be shifting from R&D and into production scale-up.
Question is whether this will proceed fast enough to keep us away from damaging dilution and keep the company afloat.
My biggest fear here is that it is taking too long. I have seen this before with cutting edge tech stocks. I was an early investor in Trimble and Cree, both at the time leading edge technology run by genius scientists. Both took a long time for the market to catch up to the technology and when it did, it gave larger companies time to get in and develop their own answers. Both stocks eventually turn profitable but they were never the blockbuster stocks that I initially thought they would be.
Some lemonade out of the lemons during the Q3 report:
"The decrease in revenue was primarily due to reduced programmatic sales, the revenue from which was only partially replaced by new EAP and OEM Partner Program sales due to the incentivized pricing associated with those two programs."
Rice later goes on to say:
"We anticipate that our revenue will increase in future periods as we seek to further commercialize and expand our market presence for our PrintRite3D(R)-related technologies,..."
To me, this means that Printrite sales have increased in EAP and OEM programs and that they believe this trend will continue and make up for decreasing programmatic (America Makes) revenues. We are moving from research and into production.
How long this will take is anyone's guess but I believe that we are closer to production sales ramp up.
What ever happened to the EOS/Plasmo process monitoring that was announced almost two years ago?
https://www.engineering.com/3DPrinting/3DPrintingArticles/ArticleID/11357/Metal-3D-Printer-Monitors-Its-Own-Builds.aspx?e_src=relart
Has this died on the vine or is it still promoted by EOS? Does it represent a real IPQA competitor for SGLB?
Has anyone looked at the company powerpoint on the new 8-K?
http://www.sec.gov/Archives/edgar/data/1100397/000149315217010879/form8-k.htm
Sphere 3D Amends Opus credit agreement to extend maturity date of credit facilities to March 31, 2018
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7:01 AM ET 9/21/17 | Briefing.com
Pursuant to the Credit Agreement dated April 6, 2016, Opus initially provided a $10 Million revolving credit facility and a $10 Million term loan facility. Under the terms of the Amendment, among other things, the maturity date for the revolving and term loan credit facilities was amended from October 31, 2017 to March 31, 2018, subject to certain events of acceleration.
Well, looks like Opus is giving them another pass, guess they are in too deep to pull out now, like me. Hope they know something I don't. $125/share, my break even point. After that it is pure profit when this disruptive technology starts to run!!!
Here is something for the engineering/tech guys. Was reading this article, Intel Reveals Neural Compute Engine in Movidius Myriad X.
https://www.engineering.com/Hardware/ArticleID/15548/Intel-Reveals-Neural-Compute-Engine-in-Movidius-Myriad-X.aspx
The one sentence that peaked my interest was,
"Such networks are being used to enable a broad array of devices and machines to “see” in realtime, and react to changes in the environment. This capability is enabled by the VPU’s ability to simultaneously run neural networks, allowing devices outfitted with Myriad X VPUs to react to real-time visual input with more autonomy."
Seems that this is made to help SGLB with its inprocess quality control efforts. Wondering if they are already aware of this, ( I am sure they probably are) or if they are using this.
One interesting sentence toward the end of todays PR:
"As previously reported, Sigma Labs will soon be releasing a smart device app for its PrintRite3D(R) INSPECT(R) software Version 2.0. "
I assume the device app is a tool to assist and speed installation. This would infer that SGLB is anticipating a pending need for large deployment of Printrite INSPECT. Maybe wishful thinking but why would they develop it if they did not see a need?
GE link is not completely dead. SGLB still working with Woodward which is a huge contractor with GE aviation. Not sure what all this means but there still may be some life in the GE relationship.
Bruce, I agree that this all sounds good on the surface but we have all heard this before, multiple times. I believed all this for a long time and I have been long on this for years. So far none have ever come to fruition and I have finally lost all faith, slow learner. Nothing would make me more pleased if all this was true because I still have shares that have gone down too far to get rid of so I just watch it for entertainment now.
Hope this surprises me this time but I doubt it.
Guess nobody watches this thing any more. In the old days the release of all this recent fantastic news would generate numerous posters and a pps jump. We are just one quarter away from success. This did not even bring a rise out of all the ridiculed naysayers. Guess the years of lies and overselling by the criminal management has finally jaded even the most gullible investors.
Brisk volume this morning. About 42,000 traded so far and up about 3%. Wonder if todays news is driving this?
Morph3D merger would also bring technical personnel. One of the questions I have about SGLB is personnel. Right now we have a handful of full time salary people and another handful of consultants and contractors. Once demand starts to ramp up, which may be beginning, who is going to handle this demand and continuing research? Hiring good technical and business people does not happen overnight so I would like to hear their plan to meet this developing demand.
I would think that increased hiring activity will be the first sign of the larger contracts in hand that we have all been waiting to hear.
I find the two extremes (positive and negative) in the interpretation of the results from the America Makes report very interesting. Either the readers of the report are grossly misinterpreting the findings or the report has been poorly written, probably a little of both.
The most interesting thing is the effect on the market, which is neither positive or negative. We have just been cruising along sideways with little volume. One would think that if the results were very significant there would have been a big market move up or down.
My guess is most are confused with the results and are waiting for further clarification during the quarterly report and CC. Also with all the internal SGLB movements everyone is further confused.
However, if we come out of the quarter without some sign of revenues developing or further clarification on the CEO, partners, merger, financial, and revenue status we will see the bottom drop out. Because of this I have reduced my holdings by about 50% over the last few days. Have not given up yet but much more apprehensive now.
This is an excerpt for the Q ended 31 MAR 17 report regarding the Morf3dD loan and potential merger ( highlight is mine):
Leveraging Sigma Labs’ PrintRite3D® quality assurance software, Morf3D will be able to provide a means for customers to increase AM production rates while ensuring consistent part quality. The two companies will also work together to manufacture certain 3D printed parts going forward; contracts already in hand are expected to translate into substantial revenue for Sigma in 2017.
Have not hear the status or any updates on this either. We are getting well into 2017, is it still going to happen?
Sent a copy of this to Bret to see what they have to say.
TedJ, thanks for your insight into these patent events. This then could in fact be encouraging, apparently GE sees value in the patent and wants to cover its bases to insure they dont lose their standing and potential good fortune if SGLB runs out of gas as a company and the patent is up for grabs.
On the surface, the fact that SGLB and GE file patents one day apart seems a little coincidental and odd to me. Here are a couple of questions for the more knowledgeable people out there.
First question is, do the patents cover identical technology, similar technology, or both are just related to different aspects of the AM production process?
Second question, could there be any reason for SGLB and GE to coordinate filing one day apart? What could be gained by this? Is this the result of some deal between GE and SGLB?
Just thinking out loud on this. If anyone has additional information or a different outlook on this I would like to hear it.
All of this really scares me. We dont want to get into a drawn out legal battle with GE, even if SGLB is right. SGLB needs to figure out a way to cut a deal with GE and we can both be on our way.
Until this is resolved our stock is going nowhere unless we get a BIG backer (Honeywell, Pratt & Whitney, etc.) to help defend the patents.
Hope SGLB has something up it sleeve and lets us know soon.
Towards the end of the Desktop Metals article Jackel provided there is one important paragraph:
"However, any additively manufactured metal part can suffer from internal stresses due to the very nature of being built one layer at a time. I do not think the Desktop Metal processes are going to eliminate this problem, but like their higher energy, more expensive counterparts in this space, they will likely benefit from the wide-ranging R&D for in-process quality assurance (QA) and traceability solutions required for critical applications."
This new process does not eliminate the need for IPQA and hopefully still provides an important role for SGLB technology.
Interesting info about Desktop Metals. Looked at their website and they are all about their Single Pass Jetting process that is 100X faster than conventional AM. They make some pretty impressive claims about speed and costs approaching the holy grail for AM. They do not mention their quality control process. I assume they will still need that during and at the end of the production process. Wondering how SGLB will fit into this new process or if they have their own QC system.
That is my biggest fear with SGLB, the AM industry is advancing so rapidly and new processes keep popping up I worry that something will come up to eclipse SGLB or make it obsolete. This is why we need to get products on the market and into mass production quickly.
Off to the moon with disruptive technology. It only has to go to $150/share for me to break even. Any day now !!
Our new partner, OXYS, is five guys in Cambridge MA that started up in 2016. Two are MIT PHDs in mechanical engineering. Probably fairly smart guys.
In November 2016 OXYS was acquired by Gotham Capital Holdings (GTHM), a pink sheet shell company looking for deals and ways to raise money. GTHM has no revenues either.
http://www.prnewswire.com/news-releases/gotham-capital-holdings-inc-gthm-announced-the-signing-of-a-letter-of-intent-to-acquire-100-of-oxys-corporation-a-private-company-300370940.html
Would like to know the details of this deal. OXYS doesnt have any money hopefully SGLB is not having to finance them too.
Not saying this is a bad thing but SGLB is definitely not aligning with a blue chip company. Everybody has to start somewhere too.
This is not Europe.
You just have to stick to the facts and ignore the crap. This board has changed significantly over the last several years. Originally it was a good source of information and exchange of thoughts and educated opinions. The site has devolved into more of an opinion site based on questionable facts. Would like to see it return to the old original and be a source of referenced information.
GE continues to ramp up with 10 more ARCAM EBM printers.
http://news.cision.com/arcam/r/ge-orders-10-ebm-systems,c2300546