Sigma Labs Inc (SASI)

[MDuffy]

I get dilution; this is what I wondered about:

"If we issue additional equity or debt securities, stockholders may experience additional dilution or the new equity securities may have rights, preferences or privileges senior to those of existing holders of our common stock."

What does it mean that the new equities could have preference or privileges over existing holders of common stock?


PS: For everyone who said the private offering was in the works for a year...


"In June 2013, the Company commenced a private offering of up to 85,000,000 restricted shares of common stock at a price of $0.01 per share. In July 2013, the Company increased the number of shares offered in the private offering to 120,000,000 shares, for total gross proceeds of up to $1,200,000. Funds received by June 30, 2013 of $300,000 were held by the Company as a liability pending the closing of the offering, which occurred on July 18, 2013. The Company sold 120,000,000 restricted shares of common stock in the private placement, resulting in aggregate gross proceeds of $1,200,000."