My guess that preferences or privileges would be a situation such as getting 120,000,000 shares @ .01 when the current price is .13. Once again, that's just part of the game I would say. In order to get someone to put up HUGE amounts of money, you have to make it worth their while.
If that 1.2 million capital infusion results in 10 million in revenues next year from PrintRite (or any number of other processes in the works), as opposed to 10 million in revenues finally coming online in 2016 then I would say we got one hell of a deal. Another angle is that if we didn't act now someone else possibly beats us to the punch using some alternate method.
Maybe you're right MDuffy on those dates, June and July, but there was likely a official "commencement date" as well as an unofficial "negotiation date". We will never know what actually happened, but I will assume that a 3D printing lab with arguably some of the most innovative and necessary technology in the business has a good idea what they are doing. Whether it was to pad their own pockets, or to get us to the finish line ASAP, I'm cool with it. As long as we continue to make deals, generate revenues, and ramp things up, SGLB is INCREDIBLY undervalued.
We were trading 10 million a day regularly a couple of months ago. When printrite3D is commercialized, revenues will SKYROCKET, and so will the PPS. We will turn over 120 million shares in a snap IF those private placement holders want to sell those shares at all. More than likely it will be a slow drip that will largely go unnoticed. Often private placements are a result of venture capitalists who are interested in investing in the technology and possibility of the stock. Only time will tell, but I am feeling mighty comfortable here.
I know I'm pumping a bit of sunshine, but that's seriously all I see here. I'm buying more tomorrow.
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