Sigma Labs Inc (SASI)

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Key,


No question that their burn has been within reasonable limits compared to peers. In fact, my consideration runs almost opposite others on the board who are worried about the degree of expenditure, at least as relates to R&D. I hope that they have spent enough to ensure that their software has progressed and is indeed valuable and advanced enough that when the market demands QA software, Sigma is an attractive choice.

Regarding your point re no debt, is it your understanding that the convertible note, per the disclosure of the other day, is being entirely converted and thus there will be no principal repayment required? I don't have a good handle on the way this sort of note operates, so I could be entirely wrong here, but If the note holder opts to convert the debt to equity, to shares, in other words, then is there no longer a debt balance owed? Is this your understanding and reason for considering Sigma as being without any debt?

Thanks