Well for one thing, it's not a "loan" exactly, where they get paid back the money plus interest, it's a "convertible" which means WHEN/IF they DO NOT pay it back, Sigma gets to own a "stake" in these companies.
Say they don't pay it, what does Sigma get exactly? Nice of Sigma to help these companies, but 10% of WHAT? 10% of a company that can't afford to buy it's own machine? 10% of a company that may go out of business? idk, would seem important to know before letting them keep doing that, giving money away imo...
"...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..."
"...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)...."
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