Thanks for the primer - This is what we are trying to reconcile with the info you posted....The simple and seemingly obvious appearance would be that the information you reference applies only to the entity "Sabby Management," Indeed, the 235,461 attributable here to "Sabby Management" does match the number you reference for "Sabby Management." . However, because filings aren't always straightforward, I was, and still am open to other explanations of the possible meaning of the below, which includes figures for three other Sabby related entities. Your explanation doesn't appear to reconcile or address the difference.
(Excerpted from yesterday's filing...)
(a)
Amount beneficially owned:
Sabby Healthcare Master Fund, Ltd. - 154,264
Sabby Volatility Warrant Master Fund, Ltd. - 228,718
Sabby Management, LLC - 235,461
Hal Mintz - 235,461
(b)
Percent of class:
Sabby Healthcare Master Fund, Ltd. - 3.27%
Sabby Volatility Warrant Master Fund, Ltd. - 4.85%
Sabby Management, LLC - 4.99%
Hal Mintz - 4.99%
Let's see if we can clear up the convolution on what the listing meant. It's not as scary as it looks.
Here's the first paragraph of the listing:
Quote:
January 08, 2018 - Sabby Management, LLC has filed an SC 13G/A form with the Securities and Exchange Commission (SEC) disclosing ownership of 235,461 shares of Sigma Labs, Inc. (NASDAQ:SGLB). This represents 4.99 percent ownership of the company. In their previous filing dated February 15, 2017, Sabby Management, LLC had reported owning 250,000 shares, indicating a decrease of -5.82 percent.
They actual summarize it quite nicely. The purpose of the filing was "indicating a decrease". You could calculate that by following along with the arithmetic:
- Previous holding: 250,000
- Current holding: 235,461
If you look at those numbers, the current holding is less than the previous holdings, so it's a decrease. To get more fancy you could actually perform the calculation yourself on a calculator - just enter the Previous Holding number first (250,000), then the "-" sign, then the Current Holdings number (235,461). And that will give you how many shares they decreased their holdings. If I had more time I would explain how to calculate the percentage - maybe look that up on Google.
Good luck with that.
