Replies to post #56312 on Sigma Labs Inc (SASI)

[Pisd]

I question the "strategic alliances", so far they just gave them your money from what I can tell. Now they want to do more of that idk, need WAY more information than we're gonna "Double down", which sounds more like a problem gambler than a responsible Nasdaq company, terrible.

Holding my warrants here, but not happy with the news.

[Windbag1014]

Don't know. I do know that CFO has been negative going back to at least 2012 at -482,000 to 2016 at -1,962,000 and the last twelve months as of 9/30/17 of -2,442,000. Like I have said before, the consistent increase over time has been number of shares and management salary.

[maxinkuckee]

The answer is apparent in the info you posted:

The loans do not become due until March 27 and May 1,

They bear interest at 7%

And they are secured by a 10% interest in Jaguar and Morf3d.

What more do you want? They appear to me to be responsible business deals by Sigma.

[Pisd]

Soon will be making interest off the "investments" lol...

On March 27, 2017, the Company completed funding a loan in the principal amount of $500,000 to Morf3D, Inc., an Illinois corporation, pursuant to a Secured Convertible Promissory Note dated March 27, 2017 delivered by Morf3D to the Company. The loan bears interest at the rate of 7% per annum, is due and payable in full on March 27, 2018, is secured by certain assets of Morf3D, and is convertible at the Company’s option into 10% of the outstanding shares of the common stock of Morf3D unless Morf3D exercises its right under specified circumstances to repay all principal and accrued interest on the loan. The purpose of the loan is to provide working capital to Morf3D to, among other things, lease an EOS M 400 system for Morf3D for Morf3D to expand production for contracts related to AM of high-precision aerospace and defense components, in furtherance of our strategic alliance and in contemplation of a possible acquisition of or merger with Morf3D (although discussions regarding a possible acquisition of or merger with Morf3D are not currently ongoing).

On May 1, 2017, the Company completed funding a loan in the principal amount of $250,000 to Jaguar Precision Machine, LLC, a New Mexico limited liability company, pursuant to a Secured Convertible Promissory Note dated May 1, 2017 delivered by Jaguar to the Company. The loan bears interest at the rate of 7% per annum, is due and payable in full on May 1, 2018, is secured by certain assets of Jaguar, and is convertible at the Company’s option into 10% of the outstanding shares of the common stock of Jaguar unless Jaguar exercises its right under specified circumstances to repay all principal and accrued interest on the loan. The purpose of the loan is to provide working capital to Jaguar to, among other things, stand up a metallurgical laboratory and become ASM9100 certified for contracts related to AM of high-precision aerospace and defense components, in furtherance of our strategic alliance. Sigma will receive from Jaguar priority for use of certain machines and services of Jaguar.