I think that absent signifcant news such as signing large contracts, receiving significant revenues, making forward looking statements at either the annual meeting next week or the quarterly reports in November 2014 and February 2015 - on the positive side, or a competitor coming out with something that gets a lot of attention and appears to be the equal to or better than PrintRite or some failure of PrintRite to perform as expected - on the negative side - we are going to see a period of sideways movement. In the past 6 months or so there has been support at this level. No real trading below, and each time the pps has come down here it has bumped along or up a bit, returning here. Given that GE appears to be the most likely candidate for a large contract or source of revenues, and the idea that GE is only now getting the plants ready to accept new printers which do not appear to have been ordered, I think that it is more realistic to expect that this price action will continue for several months.
Dr. Dave and Mr. Cola going on the conference circuit will raise the awaremess in the welding community that PrintRite is ready, but the investor community appears to either not understand the potential for PrintRite or it is just unaware - either way, the result is that there is not a lot of investor pressure to move this puppy north at the present time.
The expected "commercialization" of Deform in Q1, the expected contracts from GE in Q1 and beyond, the likelihood that the revenues will start to show up from America Makes, EWI etc in Q1 and beyond, the likelihood that Honeywell and others may start to contract in Q1 and beyond, all seem to come together in a way that it could easily be 6 to 9 months before the investment community discovers SGLB and pushes the pps north. If the current trading pattern of a very low percentage of available shares are traded each day, then there will be some volatility along the way, but probably with a lot more support at the current level - just sort of sideways and then... hang on tight because it could be rapid and dramatic. Until then, I plan on continuing the frequent periodic purchases as my discretionary funds allow.
GLTA
