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I have to agree with you.
First, I am invested.
Second, I don't know the current employees, but I never knew an employee that didn't believe in the product.
I don't know about the relationship with GE.
I have only positive things to say about Mark - I don't think anyone is just trying to raise money off investors - they're not that kind of people. I also have a lot of respect for John Rice.
I've been gone for a while and don't want to divulge private information. Vivek was gone before I worked there. Mark knows his stuff and they had some really talented engineers. I felt that their software collected valuable information. I just never knew if it was enough to certify a part for production. Not being technical - I'm not in a position to say.
I was the Controller. I left when there was only a couple months of cash left to survive and I couldn't afford not to be paid. Interesting experience.
If the earth were flat, the cats would have knocked everything off already.
No - but I wonder why they changed.....
One of two things can happen - \
1. Contracts result in revenue recognition.
2. The sky is falling.
You choose.
Ha Ha Kanya. I am a CPA - I get it.
Capital surplus is NOT attainable as monetary value - the monetary value provided by the surplus is already reflected on the balance sheet. Assets available to pay expenses are reflected in the current cash and cash equivalents.
John Rice and Mark Cola were there as well as Nannette Toups and another administrative staff person. Ron called in. I'm assuming the stockholder I saw talking to Mark was you, Driftin'.
Were you at the meeting?
When and where is the annual meeting?
Gotcha - I don't need to look back. I was there.
Who is the CIO and what do you know about that person?
As of June 2017, $240,000 per month, leaving them 14 months worth of cash in the bank.
Is anyone on this board planning to attend Monday's meeting in person?
That's when he was made a Board member; however, prior to that he was a consultant to Sigma and, particularly, mentoring MC.
Since at lease 2015.
Since John Rice has been consulting with Sigma and mentoring MC for years, why would you expect a new direction from him? Surely if he thought the company should be doing something different he would have already put his ideas forward.
The gross margin for Q1 2017 was about 50%. I believe that in the earlier years - 2015 and first part of 2016, all the costs were not properly incorporated into cost of sales - inflating margins during those periods.
For clarification - how do the accounting requirements for the DASDAQ differ from the OTC?
New Board members are Sam Bell, Frank Garofalo and newest will be John Rice.
From calculations based on the September report, they'll need $2.7 million to break even and $3.8 million to net $750K. That's a 315% increase over least year to break even.
Does anyone have an estimate of how many systems they need to sell in order to break even? Then, how many systems do they need to sell to net $750,000 per year? Assuming their technology is really proven, can the market support that value and can they make the sales?
Is anyone willing to elaborate on what good or bad decisions SGLB has made in the past?
Luke - I think you hit the nail on the head....GE will learn what it can and use the knowledge to develop its own technology. Even if it violated patents, SGLB doesn't have the cash to defend the violation.