Sigma Labs, Inc. (OTCMKTS:SGLB) Keeps Slide in Check

After a few volatile days during which the stock of Sigma Labs, Inc. (OTCMKTS:SGLB) surged almost 50%, then swung down on Wednesday, yesterday’s session finally brought some calm to the ticker. Even though share volume remained relatively heavy, the price calmed down and SGLB closed just shy of 1% up.

Sigma opened up yesterday, then retreated back to their previous close. The stock hovered near $0.14 per share through most of the session and ultimately ended the day less than 1% up but still green, at $0.134 per share.

Yesterday Sigma held a board meeting with shareholders present. According to a trader who claims to have attended the meeting, Sigma’s CEO stated that the company is well aware it does not have the capability to bring their technology to the market and it depends on a large distributor to pick them up. Despite that, Sigma has established relations with such third parties, one example being Burke Porter Machinery, who were allegedly present at talks between Sigma and giant General Electric.

It seems the heart of the matter is that the distributors need to make sure there would be a big enough market for Sigma’s products before they pick them up for serial production and the MoUs SGLB has turn into contracts. CEO Mark Cola reportedly further stated that the company believes its revenue generation is sufficient to support development without significant dilution over a ‘short to medium’ time span.

Other OTC stocks that moved considerable volume in yesterday’s session include American Community Development Group, Inc. (OTCMKTS:ACYD) who had another strong green close, despite their Pink Limited Info stamp on OTCMarkets. Biozone Pharmaceuticals, Inc. (OTCBB:BZNE) regained a little lost ground and ended the session 7% up, at $0.48 per share.