Sigma Labs, Inc. (OTCMKTS:SGLB) Downward Run Gathers Momentum
Sigma Labs, Inc. (OTCMKTS:SGLB) continues to sink, almost breaking back down below 5 cents, after the investors cooled off at the peak of 11 cents. On Tuesday, SGLB traded on dollar volumes above $404,000, and lost a bit more than 8% to reach $0.051. 
While the last promotional email for SGLB was back on July 8th, there were other mentions of the prospects of 3D printing, perhaps the strongest point in the presentation of this ticker. The newsletter of Tomorrow in Review was reposted on the Internet, and the analysis of Gary Anderson helped create the hype around this relatively young company. 
SGLB, as we know, is still in the development stage, and recently secured financing through a private placement of shares. So far, the development of 3D printing left the company with the following financials:
- $194,481 cash
- $517,561 total assets
- $106,407 total liabilities
- $164,264 quarterly revenue
- $196,616 net loss
For the remainder of the year, SGLB will try to achieve wider marketing, as the press releases promise. Promoters mention that while SGLB is still seeking large enough contracts to achieve profitability, but in the short term, a stock costing a few cents could go through rough periods.
Now, the bid is for patented products that SGLB could offer as an advantage to other 3D printers. But the next few months will show how this will be reflected in the stock price.
In the past few days, the movements of SGLB was repeated in a manner by Petro Energy II, Inc. (OTCBB:PEII). The oil company spiked briefly on a promotional email, reached 10 cents but went on to slide to 5 cents just a few days later.
The opinions on SGLB in message boards differ, on one side those who believe the ticker is nothing more than wishful thinking and is doomed to slide below a penny, and on the other, the optimists who counted 20 patents and expect the real business to boost the stock to a higher range. In any case, it is best to stay away from SGLB if you cannot afford to lose your investment in part or in whole.
