Sigma Labs Inc (SASI)

[alanthill]

Buppy, if there are no current purchases I'm not sure why leases would be any more attractive to end users. Clearly however revenue is needed and in a hurry. I believe we can assume that there were no significant software sales in Q-4. SGLB would have been required (and eager) to report any such sales if they occurred. They will exhaust the loan proceeds at their current expense run rate prior to the end of Q-1. Assuming that nothing much changes between now and then they are going to be faced with a dilemma that I'm not certain they can survive. Their ability to borrow has been exhausted (no more collateral) and they are going to be forced to issue more shares. Given the lack of sales I don't see the current share price changing much between now and then. To attract any sort of buying interest for the diluted shares they will be forced to significantly discount the price. You can do the math yourself (just assume an offering price and then subtract offering expenses) and see what kind of dilution is going to be required to raise even three million dollars which might carry them through the end of the year. In addition to everything else they will have a loan and interest obligation that needs to be repaid next fall of 1.1 million dollars Overall not a pretty picture.