Sigma Labs Inc (SASI)

[alanthill]

Driftin:

Can't disagree with any of the three points you made. All are valid and all are important. I would add however:

1. Mark and Vivek are stretched incredibly thin. They are wrapping up an extremely complex product development cycle. Attempting to maintain important industry contacts. All the while shopping for contracts and orders.

2. While their scientific knowledge and experience is exceptional, their business knowledge (and unfortunately that of the Board) is clearly not up to par. The whole team is simply unbalanced with only a single recruit slated for market development activities (and by the way is this person even on board yet).

3. A skeleton staff of less than a half dozen scientists is not partic;arly appealing to the likes of a GE or Honeywell that may be considering investing many millions of dollars in their software. Who will maintain the software? Who will do the training? Who will maintain the documentation? These are all real questions for a commercial software release. These issues become even more significant when new customers (Ford, GM, Toyota, etc. ) are considering major purchases. They have not had the luxury of tinkering with prototypes and I believe are going to be reluctant to make a major financial commitment until SGLB is a far more mature and well rounded company. Just my opinions, but I've been involved in marketing high technology my whole career and I think I understand what it takes to swing contract commitments from major players. I simply do not believe the ram- up in sales is going to be anything like what is currently being discussed.