Sigma Labs Inc (SASI)

[alanthill]

No matter how bleak things may look at the moment SGLB still has one remaining ace in the hole and that is an absolutely all-star board of directors. In past years the board was little more than a rubber stamp for Mark Cola and was made up of individuals who took no active part in the oversight of the corporation. Today we have a Board that is made up of individuals, all of whom ran their own management consulting firms with expertise in crisis management, strategic planning, acquisitions and mergers, business financing and accounting, and a host of other high-level business skills. They hold degrees from Harvard, MIT, and other prestigious institutions. They each have decades of high level consulting experiences with firms that were going through many of the difficulties SGLB currently faces.

While still active, most are in their seventies and it remains to be seen how involved they are going to be in getting SGLB back on track. I was less than impressed with the initial impression that John Rice made on the conference call, but the talent and the horse-power is clearly present in the Board's make up if they choose to dig in and get involved. I believe if they do, this will be an entirely different organization a year from now. If they do not, things look very bleak indeed.