Alan,
I concur with your assessment. Much speculation, little execution.
Accumulation is near an all time low, so the statement on the board about folks not selling is factually incorrect. It is either sellers or dilution, take your pick.
VERT and NITE are two the major hammers currently trading in SGLB. Both well know diluters and shorters of OTC securities.
Extremely scary times for the SGLB security and shareholders. They are standing at the door, now it just depends on whether they can actually sell something, anything, or they fail to execute and cause a toxic filing and subsequent destruction of current shareholders.
Either way, they are extremely tight lipped, either due to developments ongoing, or to a lack there of, once again, take your pick.