A month ago, on 3/15 SGLB closed at $6.60. On 3/16 after the reverse split was announced it closed at $5.21. On 3/16 I posted the following:
Wow. Today turned out even worse than I was expecting. I believe Kmey, Magnetics, and RFB are worth paying attention to. You may not like what they are saying, but I believe the next few weeks will convince you that they know what they are talking about. As RFB pointed out there really was nothing new revealed during the conference call. If I hear Mark say one more time that they are in "lockstep with GE" I'm going to strangle him. How many years (one, two, three) are you in "lockstep" before orders materialize?
SGLB made a mistake (hopefully not fatal) in implementing the split before receiving major orders. If they had waited I don't think you would have seen this nose dive, which is bound to get much worse before it gets better. I still don't own shares and won't be a buyer for some time now. If I really believed in the future of the company (which I frankly have doubts about now) and owned shares, I would sell half now with the intention of buying in later at a significantly lower price. The odds of the stock price going lower in the short to medium term rather than higher is about 10/1 in my opinion. The idea that institutional investors are going to jump in now with the pathetic financials, continuous quarter over quarter losses, no orders in sight, and an insider Board, is laughable. I'm sure most here won't agree with any of this, but let's wait a month and remember this post.
Nothing much has changed in the last month and SGLB is going to have to come up with some significant orders soon or this will be in the .03's by next week. The impact on the share price of dots, conferences, joint ventures, etc. has about run it's course. It's show me the money time.
