Sigma Labs Inc (SASI)

[alanthill]

Ted: Good post and I agree with most of what you had to say except for a couple of points:

1. If indeed Mark was aware (and it's hard for me to believe he was not) that GE did not plan to utilize Printrite in their initial production runs he had an obligation to clarify this to shareholders. If for no other reason than to prevent the anticipation that in my opinion he encouraged by his repeated comments about how close their working relationship was with GE. You are correct that he did not have a legal requirement to divulge this but I think he hurt his credibility further by not doing so.

2. Your conviction that things will all work out in the end and Printrite3D will be an integral component of GM's fuel nozzle production may very well turn out to be correct. Personally, I believe there is a 50/50 probabiity of that ever occurring. GE has had the technology in-house for over two years now yet has not committed to a single production system. I've always had some doubts that when GE does make a decision on their quality control needs that SGLB may not be a player. It's hard for me to imagine senior management at GE signing off on having the quality of their fuel nozzles dependent upon a start-up firm with less than a dozen employees located on the other side of the country. Stranger things have certainly happened, but for the Board to universally come to the conclusion that "it's just a matter of time" is once again forecasting decisions that are totally out of SGLB's control and may or may not occur.