Sigma Labs Inc (SASI)

[maxinkuckee]

I appreciate your posts. Your knowledge and due diligence have been extremely helpful. But I hope you refer to post 52858 by TedJ.

As Ted and others have stated, there are approximately 4.6 M shares outstanding. Until they expire in 2022, the warrants if and when exercised must come out of the approximately 2.4 M shares presently authorized but not yet issued. That's one reason why the number of authorized shares must be increased.

And even if the warrants remain "out of the money" for some time, they don't just disappear until they expire in 2022. If present investors in the warrants tire of their current paper loss, they can obviously sell the warrants, but then some new investor will own them. Sigma's obligation to possible convert the warrants and issue common shares will still exist and must be accounted for.