Sigma Labs Inc (SASI)

[alanthill]

"There seems to be no oversight on MC and how he spends money." Therein lies the crux of the problem in my opinion. In the early days we had a Board made up exclusively of insiders and Mark ran the company as his private business. Over time the company has attracted Board members with impressive credentials who were entirely independent from the company. Unfortunately, none of them have stepped up and taken any interest whatsoever in how Mark ran the business. As a result we have a scientist, who thinks he has business skills, operating an enterprise with no apparent oversight of any kind. The result has been a mismash of bad business decisions coupled with blatant nepotism in how family members are monetarily rewarded. Mark seems to have a knack for selecting Board members that are happy to stay at arms length from the operation of the business. So long as this continues nothing is going to change.