Sigma Labs Inc (SASI)

[Windbag1014]

Not that I owe you or anyone else an explanation but... my first post was about four years ago. I made it right about the first time I bought my first shares. My middle school aged son told me about this technology that was really getting some traction. His robotics team was looking at a 3d printer that made plastic parts based on CAD programs. I saw it in action. It was primitive but after some research, the possibilities started to get exciting. My first thought was "this could really go somewhere if it got past the plastic stage".

Lo and behold, there were folks printing cars, rockets, jet engines and houses and not just with plastic but with cement, metal and other materials. I saw a company print a plastic wrench that was about 4 feet tall. I remember thinking this was (and is) the future. I have been involved with the stock market and investing since I got out of college. I have worked professionally as a stock picker and an analyst. I have always been very prudent about where I put my money. I live comfortably and do not worry about my future. I play poker with friends but had not gambled much with my investments. I purposefully sought out the potential for the next MSFT or ADSK. I spread my bets out amongst some of the better knowns (DDD, SSYS even some of the graphite names). All play money, no tuition or retirement.

I knew it was a long shot. None were making a profit. Few were earning any kind of revenue worth mentioning. I saw SGLB. I saw the connections within the industry and the potential seemed real. I bought some shares. My first correspondence within the company was with Mark. There was dilution early on with sale of shares well below the current market price. I sent an email. The jest of it was pretty much "what the hell were you thinking?" I got a response right away. Not some canned IR thing like we receive today but a phone call from MC himself. He explained that he would have had to close the doors if not for this drastic move. I was shocked. This guy actually gave me a straight answer without any bs. An OTC company with visibility.

Fast forward to today. They did the bs move of releasing info on a Friday night after close on a holiday weekend. There seems to be no oversight on MC and how he spends money. There have been dozens of pr's since my first talk with him with little follow up in my opinion. I have said many times, I don't care about the share price as long as progress is being made. By progress I mean is SGLB proving itself with sells? Is the management doing what is best for the company and the shareholders? Making your wife one of the best paid people in the company does not tick any box in my opinion. It helps the Cola household way before the SGLB household.

If you have made it this far in my rant, you are more patient than me. Like I said. I owe no one an explanation for my presence here. I will stop posting here when I want. This company had/has the potential for something great in my opinion. The term intel inside was tossed around for a while. In "lockstep with GE" was another of my favorites. There was integrity within this little giant wannabe at one point. Now it just looks like a salt and pepper scientist is paying off the mortgage. Maybe I am tainted. Just feels like the warm shower I got Friday might have not been what I was looking for.

Thanks for asking by the way.