Get Rich: You say "I believe that many old Sglb investors are reallocating funds back with a few newbies along the way." I don't believe this for a minute. The idea that over the course of a weekend investors who had driven the share price down to below a dollar would suddenly have an epiphany and bid the share price up 80% in a single day is less than improbable. The most likely cause of the share price increase is a major positive event that was leaked to selected investors (illegally, I might add). SGLB must file a Form 8K within four business days of the event under SEC guidelines to publicly disclose the "event" and give all shareholders an equal opportunity to invest.
There is another possibility for the sudden increase in the share price however. SGLB has to maintain an average share price of $3.00 to qualify for the Capital Markets upgrade. The stock had been languishing around the one dollar mark for weeks until the latest OEM contract announcement. It quickly became clear that this announcement alone was not going to propel the stock price to $3.00 and beyond. With the addition of the new Board members SGLB has clearly signaled that they intend to upgrade. I continue to believe that a factor complicating these plans, in addition to the share price, is that the loan proceeds will almost certainly be exhausted this quarter. If the company was forced to have a share offering without major contract announcements or an upgrade the stock price would be decimated. So, what's the solution? The solution is to invest $40-50,000 to artificially drive up the share price to $3.00 and beyond. How would someone accomplish this? Simply by purchasing shares at the "ask" and turning around and selling those same shares at the "bid" price. The share price would climb rapidly and volume would dramatically increase as well. Shareholders would be led to believe that an important announcement was about to be released and would assist with the buying. Who would benefit from such a plan? Obviously the large shareholders as well as the ability to hold a stock offering at a considerably higher offering price. Once it became obvious that there were no new contracts/orders/etc. the stock price would rapidly retreat, but by that time the damage would have been done. I give this scenario a low probability of actually occurring, but if you do not see an announcement of further contracts/orders in the next few days hang onto your wallets because the share price is going to sink as fast as it went up.
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