Sigma Labs Inc (SASI)

[silversmith]

Max, I still follow SASI and the additive industry in general. I don't visit this board much at all anymore. The probably paid for bias of commentary here is way too detrimental to making reasonable sense of things.
And I still have a sizable position in SASI.
They will roll out a new platform with all the spectral monitoring modes that the industry has made use of. I am waiting to see if they stay away from acoustic in the new platform. GE has made no progress in acoustic, and it looks like SGLB was right all along in that the physics of the meltpool was thermal, not acoustic.
The whole metal additive industry floundered for a number of years in its fragmentation of structure and secrecy. The players have pretty much come to see that now, and are progressing to crystallize the different parts of the tech space that are working. PR3D is definitely in the part of the mix that is working.
My take on what I see and hear is that SASI will get purchased. For how much, I can only guess; maybe around $80-$100 million usd. It looks to me like there is about to be consolidation of the industry. All the 'me-too' noise from companies on the edges of the industry will go away. Only the core players, and those with the production scale and might to make metal AM profitable, will go forward.
SASI will need to re-fund before long. I doubt anyone, including SASI corporate, has the will to mess with the common share structure. My guess is that a re-funding will be through preferred shares. This funding round will be an important one. The whole landscape of finance and global economics has changed significantly for the worst. Things have become much more difficult for business in general.
But all in all, there are actually a number of things going on with SASI that don't get talked about. They continue to get direction from the really big players in the end-user market. Things are still evolving with the direction of the tech. Probably the biggest part of the puzzle for SASI success is the metal AM industry itself getting its act together and growing significantly.
I'm still holding.

All the best,
Silversmith