Sphere 3D Corp. (ANY)

[Hugodrax]

Easy.

1) Go back and read every prediction and promise given by management for the past 5 years. Then go back another 4 years to Overland Storage.

2) Look at what they actually delivered, or did not deliver.

Here's a good place to start:

http://sphere3d.com/sphere-3d-provides-business-update-in-open-letter-to-shareholders/

3) Next, look at the operating cash flow.

4) Now, have a look at the balance sheet and the crushing debt load.

5) Now go and read the 8-Ks and calculate how many times they've defaulted on their bank debt. Don't forget to see who is signing for Opus - the special loans guy.

This company's woes are 100% self-inflicted.