Sigma Labs Inc (SASI)

[RiskReward1]

"The wording is a little wonky in that the 'purpose' is not that of the money but of the hires that the money enables. A lawyer must have written this."

In my opinion, they're simply making an effort to be specific, in order to preempt claims and conclusions of their spending the bulk of the money for "general corporate purposes." I think they would hope that we would take their indications of the purpose for the money at face value and infer that they believe traditional revenue is on its way...both by the relatively small $ raise, and the stated purpose for the money; additional hiring.

As you say, I also will wait and see, but in my opinion, I feel pretty decent about these indications.

Quote:
The Company intends to use the net proceeds of this offering (i) to make additional hires with metallurgical and software expertise for the purpose of accelerating and completing the development of tools with Signature/Solution libraries and artificial intelligence facets that are designed to enable sophisticated closed loop control of additive manufacturing machines for real time quality assurance or rescue, (ii) to acquire additional software and customer support personnel for production implementations, and (iii) for other working capital and general corporate purposes.