Sigma Labs Inc (SASI)

[alanthill]

Jeff and Driftin: I've done some research as to the Nasdaq and NYSE requirements for a director to be independent. The rules are pretty vague (perhaps intentionally) and basically say that if the majority of the Board says that the director is independent , then he/she is. Well, it's not quite that simple, but pretty close. So, in answer to your question Jeff would Thacker's status delay uplisting? it would depend upon how closely the exchange reviewed his past relationships with SGLB as a paid employee, someone who was granted stock benefits, etc. It's conceivable that they could sneak him through the system. That does not change my opinion of his qualifications and gets me to Driftin's comments. Not surprisingly we differ over how the current Board has impacted SGLB's performance over the past few years. I don't quite understand how you can feel that there has been no real business management in the company and still believe the Board has done it's job. In my opinion the emphasis in the past and continuing today has been far closer to an academic track than a money making business exterprise. This is not surprising, given the background of all involved (save O'Mara, who has also unfortunately proven his worthlessness). Institutional investors will not put a penny into the company (uplisting or not) given the current Board. Given Thacker's long and involved relationship with the company it will surely be a travesty if they somehow sneak him through the systam.