Replies to post #25058 on Sigma Labs Inc (SASI)

[Long-vestor]

So, where did SGLB get the shares? at .11 cents 10 million bucks is 110,000,000 share.. they've issued 619 million reserving 30 million insider options, there's no share for 25 million bucks at .11 much less .08..

Reverse split?? oddly they did not bring it to agenda at vote. Increased authorized? who's controlling? does BOD have full authority? shud a brought up if not at vote too.

Up-listing? that's obviously vaguely used in the past month's events, so,, it's out for the time being too, and but if so, they'd want a minimum of $4.00 set within a $2-4.00 floating average to secure an up-list. 1 for 40, and usual split like that would round off up to 1 for 50.

And more importantly than all of this, or 1st point check and conformation of what Ascendiant Capital Markets, and SGLB agreed too. the reports are vaguely stated as to what they've done, except the offering can include warrants and preferred.

The only route where shares exist; convertible warrants and Preferred.

However, typical requirement by any lenders have authorized and outstanding clauses whereas the borrower or issuer of preferred or warrant, must have a high percentage of the whole authorized in reserve well above any dilution potential. @ .10 cents is 250 million share, 140 million share more than authorized.

"At The Market Offering " does not mean that a contract between parties is not distributing convertibles or "At The Market Offering " discounts and convertibles which are previously described inside of preferred and warrant. .

And SGLB has not filed the agreement stating what type or amounts of share with Ascendiant Capital Markets.


140 million more than authorized, @ 4, 5, 6, 7, 8, 10 cents are where? 312,500,000 @ .08 = 202 million more than.

The actual contract for share between this would have default clauses, whereas SGLB must comply with certainty of a bail out of buyer is in balance of any perceivable dilution. Those would be statements by SGLB to reverse split or increase the authorized to an estimated 2 billion within certain time periods.