Sigma Labs Inc (SASI)

[alanthill]

Driftin. As you know this has been a sore spot with me for a very long time. Two years ago I was one of four shareholders who attended the annual meeting in Santa Fe. When it came time for questions I raised my concerns about the lack of independent board members. The impression I got at the meeting from the Board and Technical Advisory members who were present was that SGLB was sort of a "private technology club" with some great ideas that were going to change forever how quality control was managed in the 3D printing world". Everyone associated with the company at that point in time had come from the academic or research world and did not seem to grasp that this was a real business whose goal was to make a profit for shareholders.I was assured that changes to the board were already in the works and sure enough two months later O'Mara's appointment was announced. Initially I was thrilled with his appointment. He seemed to have just the background required to instill some business savvy into the operation. Quite frankly I have been disappointed in his impact on the business. He seems to be simply a passive board member who has not gotten actively involved and rubber stamps what Mark and Thacker want. The only way this is going to change is for shareholders to be vocal both through correspondence and showing up at the annual meetring and insisting upon changes to the Board. The broader investing public is not going to put their money at risk in a venture that is controlled by insiders and does not have a Board charged with looking after shareholder interests as a first priority. This situation is going to continue to weigh on the stock price until is corrected.