InvestorsHub Logo
Followers 29
Posts 992
Boards Moderated 0
Alias Born 01/12/2005

Re: silversmith post# 7040

Wednesday, 10/23/2013 6:39:03 PM

Wednesday, October 23, 2013 6:39:03 PM

Post# of 81999
Let's get real for a moment about expectations.Your loyalty is not owed to anyone but yourself to make a profit on your investment. When you start becoming loyal to stocks you better have very deep pockets. And, what exactly are the expected near term achievements that you refer to? I'm personally not aware of any, and therein lies the problem with the current price.

Exactly one month ago today SGLB closed at .07 (where the price had been consolidating for over a month) . A week ago it closed at .19. That's a 158% increase in the stock price in three weeks. The price increase was fueled by a couple of catalysts: the grant award, participation in the technical panel, and perhaps the Board meeting. While there could be another positive announcement tomorrow, none is anticipated that I am aware of. SGLB is subsisting on a minimum income stream from their consulting business and currently has no inked contracts with anyone that will generate the necessary income to pay the bills. We all believe that their memorandums of understanding will morph into signed revenue generating contracts at some point but when and for what amount is very much up in the air.

I'm a firm believer in both SGLB's technology and in their personnel. They are both top notch. However until they have revenue generating contracts in hand for PrintRite3D it is unrealistic to expect the stock price to do much more than stagnate. My personal prediction, as I have said before, is that we will see .08/.09 prices long before we see.19 again. I believe this level is fair value while we wait for signed customer commitments. Most of you won't agree with the way I see things and that's fine. That's what makes a market. This is a discussion board and all points of view should be considered in an open dialogue. Our collective goal should be to make a profit. We'll all get there by different routes, but if you only seriously consider one side of an argument you are doing yourself a serious disservice.