Sphere 3D Corp (ANY)

[petemantx]

Why it took so long to get the original proxy sent to the SEC is anyone's guess, I assume it was to take care of the suits filed by OVRL shareholders (or maybe only merger chasing lawyers), and that proxy request was turned down by the SEC as they had questions regarding certain matters of which we have not been told. It took OVRL a few weeks to respond and they sent in the second proxy request around 14 Oct and some posters said the average reply time from the SEC on revised proxy requests is usually 3 days or so. We are sitting here 11 days later still holding our breath, some expect news Monday but who knows. Once we get the OK from the SEC, then we have 20 days or so for the merger to finalize. Those 20 days I think are the minimum for OVRL to call a shareholder mtg to vote on the merger proposal.

Paperwork can never be estimated precisely as to when it gets taken care of, that seems always the case. The only item that miffed me was the mgt person that said in July we would have the merger done by late Sept. Wish they would be more circumspect on items over which they ultimately don't have much control.