Sigma Labs Inc (SASI)

[silversmith]

Driftin,

As I recall it, SGLB authorized a stock repurchase response only for the purpose of supporting the share price when they announced the 100:1 stock split. The amount was for $100,000. Below is from the March 16, 2016 8-K report talking about it. I am not aware of any funds from the cash raise in 2017 being earmarked for stock repurchasing.

All the best,
Silversmith

Stock Repurchase Program

The Company has authorized a stock repurchase program of up to $100,000 of the Company's issued and outstanding common stock. The shares may be repurchased from time to time in open market transactions at prevailing market prices. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's stock and general market and economic conditions.