Sigma Labs, Inc. (OTCMKTS:SGLB) Becomes Major Disappointment
Sigma Labs, Inc. (OTCMKTS:SGLB) is struggling to keep the spirits of investors up. As a sign of hope, the new trading session started with buying ahead of the weekend. In the three days before, SGLB slid significantly, losing more than 14% on Thursday to stand at 7 cents. The most recent peak happened at 11 cents.
The fall is not unexpected, given that SGLB was promoted quite a few days in the past, the last email coming in on July 8th. Still, the ticker held up well due to the generally positive sentiment toward the 3D printing industry. But it is exactly this popularity that starts to worry investors, who believe SGLB may not make it, and could just be using a tenuous relation to the industry to overinflate the stock.
So far, SGLB has the following resources to grab a slice of the cake:
- $194,481 cash
- $517,561 total assets
- $106,407 total liabilities
- $164,264 quarterly revenue
- $196,616 net loss
Although on the way up SGLB received positive opinions and high expectations, the correction showed it behaved quite predictably for a promoted ticker, which moves away from the unsustainable heights. And the message board opinions are becoming way more critical as the fallout happens.
Another fast mover hovers around 8 cents, a relatively affordable price level. Petron Energy II, Inc. (OTCBB:PEII) is suddenly active, due to an email from 24-7 Stock Alert. Of course, this otherwise barely traded ticker holds significant risk.
Technological contender ImageWare Systems, Inc. (OTCMKTS:IWSY) also attracted investors with a promise of lucrative technological products. The stock now drifts sideways a little above $2.20, threatening to deepen the fall.
SGLB may remain active in the next few days, so if you are attracted to buying the lows, do your own research and decide if the promises in 3D printing are worth the risk.