Sigma Labs Inc (SASI)

[alanthill]

Driftin: I understand that shareholders would have to vote on an offer that was tendered, but I don't agree with your belief that a majority of shareholders would hold out for a premium offer. It's somewhat unusual for aquiring companies to offer much more than a 20% premium over the existing share price. Were an offer to come in at a 40% premium, in my opinon that would tip the scales toward the acquisition. The key factor in shareholders decision making process will be the company's outlook at the time the offer was made. If that changes dramatically then I think your assumptions are probably correct but if an offer were to come in without a dramatic improvement in outlook I believe even a mildly premium offer would be happily accepted by the majority of shareholders. If there was interest in an acquisition (which I believe there is not) I believe you would see signs of accumulation in these low priced shares. Share trading volume has averaged about 25-30,000 shares a session for the past several months with some days less than 2000 shares traded. It seems clear that current shareholders are simply treading water with no signs of accumulation (even from those who sing the praises the loudest). Time is running short for the company, another dilution, or a drop in share price below a dollar before sales materialize would very likely be fatal.