Sigma Labs Inc (SASI)

[dtgsanjose]

The warrant action is very strange. So far as I can tell, there is no definitive information about what the excercise price is. At the time the wsarrants were issued, it was one warrant to buy one share at $4 until 2022. Then came the 1 for 10 reverse split, and no announcement since then. The document at time of listing is so arcane in language that I cannot tell whether it is now 1 warrant to buy a share at $40, 10 warrants to buy one share at $4, or something quite differnt at the decision of the company. It seems to me they are trading as if people think they are worth one share at $4 for one warrant, but that does not seem to me to be very likely. They would probably have to go through some complex legal process, and perhaps pay-off earlier unit purchases for the dilution if they were to to that

I have been holding a chunk of warrants for a long time, and a few days ago I put in a "long shot" order to sell 300 at .37, and they sold todday before the price went up to .41. I was thinking I could probably buy back in the teens or 20s but not so sure now. I am still holding 6200 so not too sad about losing a fes.