Sigma Labs Inc (SASI)

[El_Jefe42]

Thanks SS. Any idea why they included the power of attorney statement at the end of the S-8?

In the March 2016 proxy statement concerning the items before the shareholders for vote, one of the items voted on was the alteration of the incentive plan structure.
At the time of the vote it states that the registered and committed shares in the plan equaled 18,853,774 shares, and the unregistered/uncommitted share count remaining yet in the plan equaled 11,146,226 shares.
All of those numbers are divided by 100 post split.
The measure we voted to approve was to increase the plan's share total count available, and yet to be committed, to a maximum of 75,000,000 by increasing the number of shares allotted to the plan by 63,853,774 shares (11,146,226 + 63,853,774 = 75,000,000).
After the adjustment for the 100 for 1 split, the plan's available to be issued share count is 750,000 shares.
Today's filing is saying that they are registering 450,000 of those 750,000 shares to have them ready for incentive use.

All the best,
Silversmith