Sigma Labs Inc (SASI)

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So Mark Cola brings in John Rice and this enables him to "siphon as much cash as possible" ???

1. Since Rice came onboard there is his salary to pay (less current cash available for "the Colas")

2. Amanda Cola no longer works for the company (no salary for her, so less current cash for "The Cola's")

3. Expenses aimed at growth have increased (less current cash available for "The Colas")

4. The Colas own a significant chunk of the company's equity

That you could possibly perceive Rice being brought onboard as aimed at enabling the Colas to "...siphon off as much cash as possible..." is, in my opinion - incomprehensible.





The only reason for this company now is to preserve funds for the Cola family. Rice was brought in to avoid short-term failure and siphon off as much cash as possible. The only significant (real, not made-up connections) business activities we have seen for many months is for them, not the long term interest of the company or shareholders. I don't think they want a PR person to push that message. For Sigma, the truth really does hurt.