Sigma Labs Inc (SASI)

[silversmith]

Driftin,

I was just crunching some numbers for a couple of scenarios. At the current approximately $3.00 per share, assuming no price appreciation in the coming days(which I really don't think will be the case. I think we will see price appreciation beginning tomorrow), at a $10 million cap proceeds, 3.3 million shares will have been sold. That puts the outstanding at 9.7 million. I have always, and certainly still do, felt that the proper price for SGLB right now, based on probable potential, is north of $100 million. At $100 million, an outstanding of 9.7 million puts us at $10.41 per share.
Even if every single warrant is also excersised within the six month time limit, we are still only talking about an outstanding of 13 million. But as far as I can imagine, for the entire proceeds cap and warrant exercise to occur, there would have to be large pent up demand from investors not of the OTC group, and therefore the price will never be $3.00 per share for the offering. It will be higher. And therefore the shares coming into the outstanding will be less. Either way, it is very doable and not particularly painful. This company is worth a lot more than what the OTC investors have established.

I am pretty sure that the original shelf filing will be defunct at the moment of uplist. I am pretty sure that this new filing supersedes the original S1, but I am not certain of that.

I now have to figure out if I want more now, or take some of the warrants too when the offering is live. What do you think?

All the best,
Silversmith