Replies to post #58294 on Sigma Labs Inc (SASI)

[Pisd]

newly-created non-voting Series B Convertible Preferred Stock

Preferred stock, convertible preferred and warrants are NOT “debt.”

True, should have said "dilutive to common equity holder"...

[DoDeeDee]

Sorry - financing at a high cost for a period of time at the end of which the borrower will demand the money back from us. Semantics. Maybe 5 years from now when we're around 5 cents on the OTC they'll come in and finally soak us dry. The final dot that breaks the camels back. That will be exciting.

What is the “new debt” ? Please explain.

Preferred stock, convertible preferred and warrants are NOT “debt.”