Sphere 3D Corp. (ANY)

[GetSmart17]

Shorts are not that Bright

Bedilgent

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Venator Capital article- no brain no pain
Here is another example of the Toronto shorts trying to cover their butts. Venator Capital (Brandon Ostens and Stephen Andersons) put a negative article out with one of their cronies at the National Post. Here it is and it is a joke. Brandon and Stephen say that Tape Storage is in decline. These two clowns clearly do not have any idea as to what ANY is all about and it is certainly not Tape Storage.. I would also add that Venator would have been front running their short book before releasing this piece of garbage in the press. I also heard that when the article was released and their was no reaction to the downside in ANY's share price, the two CFA genius's Brandon and Stephen folded their tent and started to cover. CFA's should know what due diligence means and presenting real facts and not innuendo. These types of hit articles are getting old to say the least.
My new saying for the shorts is :

RUN FOR COVER. Just a little humour. hahaha


Sphere 3D Corp (C-ANY) - In the News

Post says fund managers lose confidence in Sphere 3D

2014-09-17 07:41 ET - In the News
Shares issued 23,562,966
ANY Close 2014-09-17 C$ 7.65
The Financial Post reports in its Wednesday edition Brandon Osten and Stephen Andersons at Venator Capital Management say sell Sphere 3D ($7.29). The Post's Jonathan Ratner, writing in Buy & Sell, quotes Mr. Osten as saying Sphere 3D is buying Overland Storage, whose revenue base will dominate the combined entity. "It's in a secularly declining business: tape storage," Mr. Osten said. "So the stock price is built on hype." The managers believe the valuation of the combined company will eventually reflect that of Overland, since Sphere 3D has very little revenue of its own. As a result the fund managers see the market cap falling below $100-million, equivalent to less than $4 per share. Financing could change the equation, he adds. Over all, Mr. Osten and Mr. Andersons are hedging their portfolios more because of the market's high valuations. They believe too much of the equity market is being driven by corporate finance as opposed to fundamentals. "Valuations are running a little higher than we'd like to see, so we're more hedged than normal," Mr. Andersons said. The fund was closed to new capital at the end of June, but a replacement vehicle -- the Venator Partners Fund -- was launched July 1.

Read more at http://www.stockhouse.com/companies/bullboard/v.any/sphere-3d-corporation#vfYZdo0D896tzXtu.99