Sigma Labs Inc (SASI)

[alanthill]

Driftin: Thacker is a long time insider. O'Mara is independent but has been a terrible disappointment. He has some skill sets that could have helped the company immeasureably but has been a non-entity on the Board. The Board expenses are minimal and I don't see that as a legitimate excuse for obtaining independent voices. You are correct that they could add independent directors at the last minute before updating but why not now when they are in the formtive stage and very badly in need of some solid business expertise. Authorizing a stock buyback (even a token buyback) and actually implementing it are two different things. As to your inquuiry on why insiders are not buying that's a very good question and one I wonder about as well. In my opinion they have about six more months (at most) to produce some significant contracts or the market is going to look elsewhere for better results.