Sigma Labs Inc (SASI)

[kanya]

TedJ,
great summary!!!!!

>>>The 1st Q conf call was on 5/14/20, which was due on 5/15. And no new financing after that.

The 2nd Q conf call was on 7/23/20, which was due on 8/14, so 3 weeks early. 10-Q reported $2.45 million in cash as of 6/30/20.

The end of August, four accredited investors exercised preferred warrants by paying the company $3.5 million. They originally obtained the preferred warrants during the $1.6 million financing deal back in January.

As of 9/15/20, they had $4.7 million in cash per the September 16 investor presentation. Investor Presentation With a cash burn rate of $500K per month, that gives them a runway of 9 months.

The 3nd Q conf call is due on 11/14 and is to be held on 10/22, so 3 weeks early. Estimated cash as of 9/30 would be $4.45 million.<<<