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Let's not overlook then that sigma has seriously underperformed the market period.
Don't use the market as an excuse that Sigma is down. When Dow is up, sigma is down when Dow is down, sigma is down.
But good try.
Called it. A year ago. Still right. Good luck.
I disagree again. When a major company targets a little guy like Sigma, they don't announce that they are going after them. For all we know GE or someone else could have been accumulating and driving the price down over past year.
Next thing you know GE announces they have acquired 50% of Sigma over past 12 months and have controlling interest
And those that keep saying Mark could just say I'm not working on this anymore if I lose control of my company are also wrong. First he needs a job and will get a decent package. 2. If he says no thanks to the job... Well GE still owns the IP and patents, you think they won't be able t figure out how to commercialize it or make it work? You think Cola is the only person on planet Earth that has that knowledge. I'm not that naive
Also, if this product is that revolutionary to GE, then GE WILL NOT, repeat...WILL NOT, give them a substantial contract because that can drive the price up... If they believe in it, they will just accumulate shares for cheap and take a controlling interest.
Best case - Sigma gets bought out maybe you get 0.10-0.20 per share
Worst case - Sigmas technology isn't that great, eventually dilutes itself to oblivion and dies
LOL! That post is almost as comical as Golds...the part about Sigma being able to block GE takeover. Yes let's put up a little styrofoam board to serve as a protective wall in case a Tsunami comes our way.
I talked about a possible takeover by GE about 6-9 months ago.
Main point was...why would GE pay millions to equip their machines if they can just buy the company themselves? They won't ever. That's why Sigma will either fail or get bought out. Either way, it will never be a 10 bagger. So for me getting 2-3x current levels in case of a buyout is nothing compared to the risk exposure.
Which will not happen, not in the next 5-7 years. Nobody announces a standard until it is a validated and proven thing over substantial amount of years in existence.
So let's squash that dream now.
In the same boat. If things change I'd be happy to get back in. But watching from the sideline gave me a 100% return or a 50% savings (depends how you look at it) since I sold at 0.088.
Once we have an independent board, we stop paying ourselves unwarranted 150k bonuses, stop shifting business strategies every other quarter, release products you intend to release, hire a CEO that knows how to run a business and Mark focuses on product development....
Then I'll jump back in, heck I'll jump back in if we get half of the above.
Great post. Thank you for confirming many issues I had with this company and their red flags from the beginning. Things don't add up and things stink.
If the technology and potential is that amazing and disruptive, they wouldn't have practically given away their shares and would be trading in a higher exchange. You don't have to have revenue to trade on a higher exchange, but you do have to have credibility.
I agree, however a product was already released and where are the millions? Momentum for that one is dead and PPS reflects it.
Let's hope the next product release gives you the business momentum you are looking for.
As of now...they have no momentum, business or PPS.
The contracts have to be in multi millions not hundreds of thousands.
Also, GE is the first to give a contract (if they give one, say they do), and I bet their contract won't be as big as all expect since they jointly developed the product.
That's just my opinion. I'm not getting back in until contracts are in place. Or better yet there is a clear plan from the company.
I appreciate your posts, as I have learned a lot. However, I would be very rich if I got a dime for every time someone said its Sigmas bottom but it was not.
I said this a long time ago. Sigma needs to announce multi million dollar contract revenue to move PPS. Not a few hundred thousand. Until that happens, this stock will continue to make new lows and I wouldn't be calling the bottom on something that is in a downward trend.
This security is still very expensive considering no substantial revenue has been delivered.
Don't look at it one sided. One can easily say because it's so thinly traded the price should SOAR on any positive news. It didn't.
Again, why only look at one side of the coin all the time? There is another side too.
This is absurd. I worked for many corporations. Going from employee to advisor is a massive change. Actually beyond absurd
Strong commitment by our leaders...instead focusing on the current business, they are buying companies with skeletons on the side. Where is their focus?
First munitions...then dental, then PR3D then manufacturing parts, then back to PR3D now buying toxic small companies for the hell of it. While paying themselves 150k bonuses that were NOT warranted.
So many red flags...that's why I dumped.
How about develop the business you claim you are developing first before you venture into "new business development"
Like you I said this is going to .03-.05 on multiple occasions. Back in September I listed out 7 major issues with this stock/company and should have gone with my instinct then which has served me well past 15 years in investing. Glad I still dumped almost all of my shares at 0.088, and some at 0.068, licked my wounds and moved on.
I hope all that was sarcasm. Sometimes hard to tell.
If I decide to sell, I sell. I'm not trying to save 0.001 of a penny. Plus after I sold it went lower anyway, worked out. See you in 3s
No there isn't...I tried to sell the bid today, remainder of my shares...it took over 1 hour to liquidate my shares with 11 different fills. It took 11 fills to liquidate 130k shares by giving them the bid. Pathetic . I dumped my original 70% now I'm completely out.
I wish the best to rest of you, I'll come back to these hunting grounds of this dips much lower.
There is always an excuse. First it was wait till the first contract now it's we are unknown. Sigma is known, doesn't take much money to move a company with a measly 40m in mkt cap. There are millions of people in the world that have that net worth on their own. Give me a break. Sigma just isn't what we all think they are.
I'm still holding my measly shares...might as well they are all but worthless at this point.
What they stated is that they will commercialize in 2013 then 2014 and revenues will be enough to pay for operations. They missed on the 2013 and half releases in 2014 no revenues and now asking for more cash.
Everyone talks how they always delivered on time, but yet they haven't as Gary pointed out. I talked about this countless of times...no worries still holding a small portion (100,000) shares for the hell of it. Wrote it off as a loss though in my head.
Warren Buffet never invested in a pink slip...never.
That's funny...name some funds or indexes that have Sigma Labs included. This is the best excuse why the price is declining yet I've read. We will find any excuse to explain the declining price.
This one is good real good.
Mark is sneaky, somehow he slipped us in the S&P 500 without anyone knowing.
It is even more amazing how you are all played by a 15 year old troll who is laughing each time you respond. It is beyond my comprehension.
Just keep feeding the troll.
That's funny because same was said for Q4. Many companies have budgets they need to spend or they lose it by year end. I can't keep up with all the reasons why we haven't received a contract. Excuse after excuse.
Next will be...companies were hung over from New Years so didn't have time to spend in q1 , q2 will be the big contract quarter. Yawn
Revenues might come, and if they do in my opinion they will be much smaller then what people are expecting. It will be nothing big enough to pay for the significant o/s.
To me this turned from a company with huge risk but 10x ++ payout, to huge risk with maybe 1-2x payout. Thus I reduced my position by 70% a while a go. Still holding the other 30% for the hell of it.
This is just my opinion obviously.
Good luck to all.
I see the opposite, slight spike, followed by new lows. This will still go to 0.05 in my opinion. Short term technical indicators are turning bearish as well.
Thanks, for reaffirming my own suspicions. You nailed it, if big contracts and revenues are supposed to come in...why need for additional capital?
0.03 is my entry point might nibble at 0.05 when it gets there. If the sniff test passes.
As of now Something isn't right about Sigma...many issues I brought up months ago are still there. Doesn't pass my sniffer.
As far as GE contracts, who is to say they don't give away the store to work with GE. Sure GE might buy PR3D when ready, but for pennies in the dollar? Same with Honeywell. I'm pretty sure contracts will come in...question is how little will they be. Sigma has a notorious past for underselling everything...and not up selling their value. I bet same happened with GE and Honeywell. The millions in contracts people are expecting will likely be fractions.
Yes, but to Alan's point it is a concern that the demand isn't higher for a highly anticipated product.
Many great products today and past history not only have strong initial sales but a major buzz and strong presales leading up to the release date. So far Sigma has disappointed.
Additionally, and not saying it's you MB, but let's stop comparing Sigma to other great companies. I've seen even ludicrous comparisons to Microsoft. Won't go into details, But read some case studies and history of how Microsoft became what it became and you won't make the comparison ever again. For starters Microsoft was an established company with significant revenues before it went IPO...and on a major reputable exchange. It didn't dilute itself to oblivion and the founders owned a substantial stake in the company.
If Cola and Vivek were so convinced like many here that this will change everything...why not let others see this, sell me on the potential, and get private capital investment. Not go on an OTC and dilute yourself to oblivion. They didn't because others didn't buy what they were selling.
Twitter did this...Pintrest also, who raised over 100 million in private investments by selling the value of what they are trying to do...they are still not public either. Sigma either failed to do this...or this isn't as revolutionary as you think. Don't assume you are the only one that knows about Sigma...Sigma has been vetted out by many already, yet the interest is almost none.
And lastly you know what they say about stocks, if everybody is expecting it, it won't happen, if nobody is expecting it, it will happen.
My opinion of course.
I am too for my .03s maybe I'll nibble at .05s.
Stochastic on my settings (which I been tweeking for 15 years to get me optimal clarity) shows that it's been rising (bullish), and now nearly hitting its peak (77) while price has been declining.
This is a major weakness because you want to see PPS rise with the stoch. Bad is if the PPS is flat, while stoch. rises, rarely do you see a rising stoch while PPS declines. That means ugly days are coming.
Opposite is same...great is if stochastic is falling while PPS stays flat or sometimes (though rare) you see PPS rise while stoch falls. So when stoch is ready to cross back into bullish territory PPS should push for new highs.
For Sigma the stoch. is climbing, PPS is falling...what will happen when stoch. reverses into bearish? Odds are PPS goes lower. PPS is weak when it should be bullish...when bearish stoch. comes back, can Sigma hold?
Healthy situation is that PPS rises with stoch., but only falls a little while stoch. reverses and goes bearish...rinse and repeat.
No indicator is bulletproof, that's why I use my 3, macd, stoch, and RSI as my main in 15 different time frames...from as little as 1 minute to as high as 5 years.
If I'm day trading 1-15 min time frames are critical especially if you're flying in and out of options. Then it's the 30,60,90 min and daily 10 day 30 day 60 day ...180 day 1yr 3yr and 5yr frames.
Frames should be looked at depending on your trading time frame/strategy.
On top of that don't take factory settings on these indicators esp stoch. Play with them, adjust them. Just like you wouldn't buy a new LED tv and skip the calibration. My calibration comes from 15 years of day trading, learning from mistakes and re-adjusting.
Then again...this is an OTC stock, techs don't do justice like the they do on high volume, very active securities....
So I kinda take back what I said...it's a death sentence on a normal security...in OTC land, anything can happen, and I tend to forget that since I spend 98% of my day with the big exchanges not the OTC.
Love the rising stochastic a and falling PPS...very rare to see, but that's a death sentence. Barring any news, this will test and break 0.079, sticky it.
EDIT: My bad, just read the 0.079, I meant 0.059. The 0.079 is in a battlezone already.
I'm going to get some 5's :)
I agree with you...I'm just rolling the dice that this will be .03-.05 by then. Tax write off? Yeah I'll take some and maybe even get in at a 50% discount on the PPS.
As you said this takes time...maybe a lot of time...tick tock. Time is not Sigmas friend though.
I don't know but I sold 70% of my position a couple of weeks ago. And after monkeys analysis that share price would be 0.34 IF we get 10% (which he thinks it's more, I think it's very generous) then I'm out. This is what I talked about long ago...something isn't right, you blame it on manipulation but the company isn't as golden as it seems.
You have high risk, and that's a small reward. Most are probably in at an average of 0.15 per share and now I'm "maybe" gonna get 0.34 a bit over 100%? No thanks. High risk not enough reward. 10x my risk is tolerable, 1.5x risk? No thanks.
There are many stocks that can get me 1.5x , not an OTC and far less risk
This is my opinion...
Stocks always rise on great expectations, and then crash if they don't fulfill the expectations. Not the other way around. There is something missing that we don't know, and it's not manipulation. If this stock is truly what its supposed to be, people will line up to take a shot at it and push PPS north, MMMs can't combat that much buying, but can combat if there is almost no buying.
Based on the fact that revenue news is ages away, and they just had their web conference (mainly repeating what we know), and the fact people will take losses for tax season, this is headed much lower in my opinion and opinion of others on this board.
If you look at the 5 year trendline, we can easily go down to 0.03-0.05 range.
No big deal, will just buy more at lower price. Again, just my opinion.
Actually someone sold 443k shares and someone picked it up at a lower price. Actually most of the "picking" up happened at a lower price. The seller struck first not the buyer.
And no they are not grabbing all they can get. Someone "grabbing all they can get" would mean that price should go up. It's more like..
Seller says: I'm selling 443k shares at xx
Buyer says well I'll only buy it if you sell it at x not xx.
This is not grabbing all you can get
Or maybe they will just show us a picture of their new printer.
Daddy is done eating...took way longer than expected, low float, not enough sellers...
Anyway good luck in 2015...time let her ride!