Sigma Labs Inc (SASI)

[alanthill]

Chef: Business acumen, as you politely put it, has been non-existent in this company for a very long time. The reverse split fiasco, illustrates beautifully why an independent board with a fiducuiary duty to look out for shareholders interest is necessary before I become an investor here again. Such a Board would have told Mark: You are far from having the shareholder equity, or revenue history to qualify for even the most lenient upgrading standards. The stock is not going to hold the R/S price without the immediate anticipation of an upgrade and you are going to destroy shareholder value by this action. You are directed to wait until you will immediately qualify for upgrading before implementing the reverse split. I believe that is exactly what 90% of the shareholders on this board would have told him. The fact that Thacker and O'Mara obviously did not, is cause for their removal from the board and the election of a couple of the large shareholders here who clearly have shareholder values as an important consideration. I believe Mark's bone-headed actions are going to end up causing the loss of 50-60% of shareholder's equity over the next 30 days.