Sigma Labs Inc (SASI)

[alanthill]

The S-8. I find most filings by SGLB to be convoluted (whether intentional or not) and confusing. This one was no exception. Having read it several times I would have to agree with Ted's interpretation. The filing clearly states that the shares are being registered in support of the employee benefit plan. As Ted pointed out the additional shares needed to be made available so that as employees achieved stated milestones or longevity they could be awarded in the future. I don't see anything in the filing that would lead me to believe that they are being made available for sale now in order to raise funds for the company. If the company needed immediate funding I don't believe they would have taken this route. They would have no assurances that the employees would step up to buy any shares. A far more likely scenario would have been a negotiated agreement with an accredited investor to purchase a bulk amount of shares at a negotiated price. I confess to finding the whole thing confusing and may very well be incorrect in my interpretation (which is certain to be pointed out) but that is the way I read the filing.