Tuesday, October 04, 2016 12:21:18 PM
They aren't alone, I've had others, but I usually set a time factor for tolerance and then part ways.
I used to think that SGLB had a winning product that manufacturers would eventually adopt and be HAPPY about.
What I believe now is we have a "Plug Power'" dilemma.
Plug Power builds, sells, and leases hydrogen fuel cells. Their biggest customer to date is Wal-Mart.
Wal-Mart utilizes the Plug Power wares in its logistical needs at its distribution centers in forktrucks. It saves them $millions in associated fuel costs.
However, in order to score the big account with Wal-Mart, Plug had to jump through hoops which ends up costing them more than the leases are worth just to be able to tout the association with Wal-Mart.
It's a bad deal for Plug which is currently being renegotiated but Wal-Mart has every opportunity to play hardball, so a Win-win agreement will definitely still favor Wal-Mart.
I believe SGLB may be in the same predicament with their "LOCKSTEP" Partners.
Unfortunately, this becomes a waiting game with no guarantee those Partners will eventually do the RIGHT THING.
I really believed in SGLB and won't dump my shares this year, but have already decided on an exit early next year unless we "FINALLY" get the news that patient investors here deserve.
GLTA
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