Replies to post #29882 on Sigma Labs Inc (SASI)

[MDuffy]

I agree- it seemed like a way to develop that avenue without taking any $ away from, or adding risk to SGLB. Can you imagine how shareholders would react if all of a sudden our expenses shot up out of left field next Q? Even if it was for something long term like ARMS/BAM- you'd get people hollering "They're overextending themselves!" "Amateur management!" etc. It's ok for a side company to flounder a little- having just purchased a shell, investors are a little more lenient with startups. And either way, SGLB profits from royalties. Could even be that with Vivek making inroads, our royalty payout will be renegotiated should it ever come to fruition [it's rather low right now.] My two cents.

[chef911]

Let's do the math. Point out my errors :)
Based upon Sigma Lab, Inc. most recent Proxy Statement from October 9, 2014

http://sigmalabsinc.com/uploads/XBRL_Filings/2014/Annual_Shareholder_Meeting/Sigma%20Labs%20NPS.pdf

p.6

As of September 3, 2014, there were 618,241,061 shares of our common stock issued and outstanding

All Executive Officers and Directors as a group (4 persons) 39,628,500

39,628,500
-34,016,000 M & A Cola
____________
5,612,500 Total owned by Other 3 EO&D
- 4,862,500 M. Thacker - Director
____________

750,000 Total owned by other 2 EO&D
-500,000 T. O'Mara - Director
____________

250,000 Owned by 1 EO&D

Since public records conflict about just who the other EO or Director is, we might assume it is Dave, or we might assume it is Yaples, or ???


2. While I too have been Chief Cook and Bottle Washer (HA!) I do understand that titles mean little when we must do it all in order to succeed, it is not the same on legal documents. The officers and Directors of a company owe me fiduciary, the highest level of protection of my interests. Directors hold higher fiduciary that officers, which is why a board should meet w/o officers in order to determine exceutive compensation and other matters where there could be Conflict of Interest.

3. I am long SGLB and have been for over 1 year.