Sigma Labs Inc (SASI)

[alanthill]

In the past year Rockville would have had to sell at a loss to get out so not much surprise there. Also I'm wondering whether the reverse split was because of a strong push in that direction from Rockville. The private placement was on January 10, 2014 and included this stipulation from Rockville:

"The Company agreed to use its best efforts to list the Company's common stock on the New York Stock Exchange, NASDAQ or any other securities exchange acceptable to the Investor within 24-months from the closing of the private placement, to the extent the common stock is qualified to be listed on such securities exchanges." Well, they aren't qualified, at least at the moment, but they could have been feeling some heat from Rockville to take this first step.