Replies to post #74276 on Sigma Labs Inc (SASI)

[GetRich1day]

Herringaid,

You asked about my thoughts. My thoughts are that I'm disappointed in the lack of sales after being invested here for almost 7 years right along with you. I do feel that the investors were misled by MC with several statements over the years and John Rice last year. I believe that CEO's have a corporate responsibility to report and make fairly accurate forward looking statements which I do not feel has been the case concerning revenue growth. They know that investors are paying attention and investing based on what is being stated and anticipated by the CEO's. Here's a smattering of some of those statements which at the time excited me to continue investing since I've been a strong supporter and believer in the technology.

2015 MC says

"Sigma Labs ended 2014 well positioned for strong top line growth this year," said Mark Cola, President and CEO. "The sequential revenue expansion we saw in the fourth quarter is expected to continue, and we feel confident about the Company's outlook given current contracts underway, RFQs in process, and the opportunities presented through multiple initiatives. Last year we successfully launched our PrintRite3D® INSPECT™ software and introduced our proprietary technology to numerous industrial and government organizations – resulting in several important partnerships and contract awards.

https://www.prnewswire.com/news-releases/sigma-labs-announces-fourth-quarter-and-year-end-2014-financial-results-300058264.html

2016
Mark Cola, President & CEO of Sigma Labs said :

"This is an exciting development that builds on our existing relationship with Spartacus3D. We previously announced that Spartacus3D, a leading French AM service provider, had signed up for our Early Adopter Program in 2015; since then, they have fully installed our software and now use it regularly. This new agreement strengthens our partnership and, essentially, makes Spartacus3D our showcase site in Europe. We'll work together to expand the use of our PrintRite3D® technology as we concurrently build a sales and support presence throughout the continent. While Sigma Labs is already well known in North America, our recent steps - both in Europe and Asia - will help build our brand globally and accelerate top line growth.

https://www.globenewswire.com/news-release/2016/04/18/829682/0/en/Sigma-Labs-and-Spartacus3D-Sign-Agreement-for-Collaboration-in-Europe.html

2017 MC again

Today we announce a groundbreaking agreement with another innovative company in the AM space, Morf3D,” said Mark Cola, President and CEO of Sigma Labs. “Due to the growth in demand for 3D printed metal components within the A&D industry, we’ve decided to join forces to better serve a number of OEMs with their next-generation applications. Working together, we can design, engineer, manufacture, and assure the quality of AM components across a number of exciting A&D opportunities, and existing contracts are anticipated to dramatically impact Sigma Labs’ growth trajectory beginning this year.”

https://www.globenewswire.com/news-release/2017/02/22/926334/0/en/Sigma-Labs-Forms-Strategic-Alliance-with-Morf3D.html

2019 John Rice says

In conclusion, our outlook is optimistic because:
Our balance sheet is now fortified;
Our IP portfolio has a virtual moat around the entire quality control industry for additive manufacturing;
Our total addressable market or TAM is in the multi-billions, growing and global;
Our RTE program is growing with some of the largest global companies;
Machine OEM partnerships are now happening;
Software partnerships are now developing with leading providers of additive manufacturing and 3D printing solutions; and
Commercial orders are now on the horizon for Q3 2019 with a clear line of sight to breakeven operations by early 2020.

https://www.globenewswire.com/news-release/2019/08/15/1902500/0/en/Sigma-Labs-Issues-Shareholder-Letter.html

Sigma labs clearly does have a pretty crappy track record at predicting when strong sales are anticipated which has been a major disappointment for many investors who could and would have invested elsewhere if we understood the true nature of just how long it would take to generate strong top line growth. I'm waiting and not holding my breath that SGLB will breakeven in early 2020 as anticipated last summer by JR. My buy and hold strategy has cerrtainly not paid off for me over the last 6.5 years.
I've been keeping the LONG faith based on the fact that so many multi-national corporations are testing with SGLB. That is the prime reason that I do hold on because clearly SGLB has something that these companies want; otherwise, they would not be wasting their time and money fiddling around with Printrite3D. The continued interest in SGLB and partnerships means the Printrite3D does have value. The six year long DARPA testing has validated that PrintRite3D does work but I believe other multi-national companies need to verify their own particular workflows with SGLB and that process takes far more time than SGLB management anticipated. I think MC knew that he had a product that worked but he could not see beyond that so shout out to Alanthill on his call many years ago on SGLB management. Yes Alan I'm giving you the respect that you certainly deserve from me after all this time. It's killing me because I thought that I would be green on my investment after 6 .5 years of buying. I certainly averaged down a lot. I'm now waiting for SGLB to show me the money before I invest further at this point.
I still do believe that SGLB will ultimately succeed.. The question is whether my personal investment in SGLB will pay off. Ahhh.. just to think that those who once had 2 million shares on the OTC have been reverse split over the years to a paltry 1000 shares. I wont' even mention the paper percentage loss.... I can only hope and dream that SGLB does become the defacto standard, the Intel Inside for the AM industry and maybe just maybe in another 6.5 years.. I'll be smiling and saying to the board that the painful pps drop over the first 6.5 years was worth the wait... Let's GO SGLB.. The Party has been postponed from 2020 to late 2026 when we hit the 1.5 billion market cap. I'll buy you a drink Herringaid, T&L, Kanya, silversmith, Jackle, enviorguy, Diogenes, TedJ, Alanthill, Capt_SMith, train, ZRock, Windbag, desarcmo, Visionary, Drifing way, and several others who have kept the faith in the technology.

Herringaid, All I can say is to keep hanging in there with me after all the years. I mean what more can we lose at this point? yeah I know but hey 6.5 more years will fly by just like the first 6.5 did. lol.. I refuse to give up on the little engine that could...