Thursday, November 17, 2016 10:25:41 AM
Most of you know i've been a long (loooong) shareholder since April 2013. Like many posters I am embarrassed to think about the real (and profit) losses I've taken on this stock over time- though I did get a few things out of it, years ago. I still 100% believe in the technology and its usefulness. That said, I sold all but one share after CC, still watching/waiting for bottom or other developments. I am sure mark is a brilliant scientist- his work in metallurgy is solid-- resume and connections superb--but the R/S with no plan, unnecessary hires, and leveraging of IP (aka the only thing that makes this company feasible) are extremely concerning to me- and I do believe that without major contracts they will either have to dilute late winter/spring, or fold. Like many have said, I do think the industry WILL adopt IPQA in some form, but it will be at least a year (2018 ish) before alternative QA is really on most company's radar-- traditional methods work, if less cost effectively, the learning curve is very steep, and integration will take time, which is something SGLB doesn't have a lot of without a major injection of funds. It seems Alan was right- mark is no businessman and I was floored by his unpreparedness and general admission of powerlessness at the CC. (SGLB's success is totally dependent on these industrial behemoths adopting IPQA quickly- which, though possible, is unlikely given the current pace of things). I will continue to follow this stock with hopefulness, and if they do lose their IP, will buy shares of whatever company ends up with it, because I do think it's a game changer- just maybe not right this second. I'm keeping the salvaged $ in brokerage so if it appears to bottom, or something positive develops, will buy again, but to me the risk of having a few less shares in the case of a good development is nothing compared to losing even more than I already have. :/ I sincerely hope the best for all of you, especially those who've been in this as long or longer than me.
Recent SASI News
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 01:30:17 PM
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