Overland Data, Inc. (OVRL)

[Apophis]

the 8K is out today


Net revenue for the first quarter of fiscal 2015 was $22.9 million, compared to $10.6 million for the first quarter of fiscal 2014 and $24.2 million in the fourth quarter of fiscal 2014. Product revenue for the first quarter of fiscal 2015 was $19.3 million, compared to $6.1 million for the first quarter of fiscal 2014 and $19.8 million in the fourth quarter of fiscal 2014.

[Apophis]

Nice close up 9% just the begining

[Apophis]

I would love to see this double before the 28th

[u/wjackson]

True story. Eric sold out for pennies on the dollar and in turn received a crown. Haha! A little melodramatic but I do think a better conversion rate is in order.

[Apophis]

We need a class action for a better conversion rate. We (Ovrl)should be getting .75 for our shares. shareholders were sold out.

[Apophis]

what is the conversion? Was anyone contacted for a class action about overland getting a better conversion rate with this merger?

[Tamtam]

No I don't think so, we have the merger with Sphere comming very soon and that would mean Sphere would go to almost $20

[Apophis]

nice 2 day move, maybe this will be a run to 10 bucks?

[Tamtam]

SAN DIEGO, CA--(Marketwired - Nov 4, 2014) - Overland Storage®, Inc. ( NASDAQ : OVRL ), a trusted global provider of unified data management and data protection solutions across the data lifecycle, today announced the availability of RAINcloud OS 4.1, its newest enterprise software for the company's market-proven SnapScale series of geographically-distributed, clustered scale-out data storage solutions that are optimized for cloud and distributed enterprise environments.

The Overland Storage RAINcloud OS 4.1 is the next major software release for SnapScale that includes software-defined storage services that intelligently and automatically execute operational data management and data protection operations without requiring manual intervention. With its self-provisioning, self-balancing and self-healing capabilities, SnapScale's storage resources seamlessly grow and shrink based on user needs, and are distributed for optimal performance, and recovered or rebuilt without any downtime. The data mobility tools included in RAINcloud OS 4.1 enable customers to build private clouds for sharing and synchronizing data for anywhere, anytime access.

"For a government agency, we selected a SnapScale scale-out solution from Overland Storage over other clustered NAS offerings due to its simplicity, scalability and strength of clustering functionality for distributed deployments," said Frank Scott, Sales Manager, Premier Systems Ltd. "It enabled our customer to consolidate data from several servers and individual workstations deployed on their campus to back up into a shared NAS storage repository. The distributed clustered architecture of RAINcloud OS kept the project within budget, by eliminating the need for any expensive clustering and data protection software that is typically added by competing offerings. I am confident that the SnapScale with RAINcloud OS solution will provide similar value to our other customers."

Additionally, SnapScale enterprise storage products have completed the VMware certification process for interoperability with vSphere 5.1 and 5.5. in a VMware-virtualized infrastructure.

"We are pleased that Overland Storage's SnapScale products qualify for the VMware Ready™ logo, signifying to customers that it has met specific VMware integration and interoperability standards and it works effectively with the VMware cloud infrastructure, which will speed time to value within customer environments," said Sanjay Katyal, vice president, Global Alliances & OEMs, VMware.

The software-defined storage services in RAINcloud OS 4.1 deliver new customer benefits including:

Performance & Security Services:
•Server Message Block (SMB) 2.0 improves read and write performance

[Apophis]

With orders and revenue rising we are getting screwed on this merger. We should be getting one for one of ANY.

a class action suit should be filed.

[macnqueso]

FYI... from Ral4 on the ANY board... Mr. Kelly keeps some impressive company...

http://www.whitehouse.gov/the-press-office/2014/10/27/fact-sheet-president-obama-announces-new-actions-further-strengthen-us-m

[Tamtam]

Nice opening today 15%+

[timorr]

e new SnapServer XSD 40 (http://www.overlandstorage.com/products/network-attached-storage/snapserver-xsd-40.aspx#Overview)

[Tamtam]

Thanks for the PR link macnqueso. Wonder why Ihub doesn't show this.

[macnqueso]

SAN DIEGO, Aug. 19, 2014 (GLOBE NEWSWIRE) -- Overland Storage, Inc. (Nasdaq:OVRL), a trusted global provider of unified data management and protection solutions across the data lifecycle, today announced the launch of its V3 hyper-converged virtual desktop appliance to address the rapidly-growing virtualization and cloud markets. Developed in partnership with Sphere3D, the V3 Appliances are the first in a series of planned turn-key solutions that will expand Overland's product portfolio. The "purpose-built" V3 Appliance delivers an easy-to-deploy virtual desktop solution with simplified management tools and lower total cost of ownership.

To view an image of the V3 hyper-converged virtual desktop appliance, please visit: http://orders.newsfilecorp.com/files/2720/11242_v3-appliance.jpg

"VDI workloads are well served by hyper-converged solutions, however the management of desktops across diverse environments remains challenging," said Terri McClure, Senior Analyst, Enterprise Strategy Group, Inc. "With the Desktop Cloud Orchestrator management software and V3 Appliance, Overland is focused on the right pain points for end users considering VDI."

The addition of V3 virtual desktop appliances expands the value proposition that Overland Storage's worldwide channel partners can offer to customers who want to overcome many of the management, complexity and performance weaknesses of physical desktops and traditional virtual desktop infrastructure (VDI) solutions. The V3 Appliance is a hyper-converged infrastructure that integrates compute, storage and network interface, as well as the required hypervisor infrastructure and is managed by the Desktop Cloud Orchestrator management software. This becomes a single turn-key appliance solution that delivers high-availability failover architecture, eliminates performance bottlenecks and installation problems, and provides predictable scalability and cost for VDI deployments.

Overland Storage now offers two models of V3 virtual desktop appliances that are delivered pre-provisioned and ready to quickly and easily install into an existing VMware environment in less than a day. Each V3 solution can accommodate either 100 or 200 desktops per appliance, and effortlessly scales to 10,000 desktops. The ease of deployment, operational simplicity and performance improvements of the V3 Appliance can reduce the total cost of ownership (TCO) by $1 million over three years based on a 1,000 user physical desktop environment.

"V3 desktop virtualization delivered cost savings and flexibility that were simply impossible to achieve with our physical engineering workstation infrastructure," said John McConnell, IT Manager, University of Texas at Dallas School of Engineering. "Additionally, we now deploy engineering lab desktops with dramatically greater speed and efficiency than a traditional physical desktop deployment."

Unique Benefits of the V3 Appliance:
• Ease & Flexibility of Deployment: The purpose-built, all-in-one V3 Appliance incorporates storage, compute and management in a single rack-mounted chassis. V3 Appliances can be deployed and managed in a public, private, or hybrid model and scale up and out for industry-leading flexibility when deployed locally or in a datacenter.
• Breakthrough Operational Simplicity: The V3 Desktop Cloud Orchestrator (DCO) management software streamlines virtual desktop pool administration with dynamic provisioning for maximum resource utilization, failover for high availability, and the flexibility to migrate pools between public and private clouds.
• Predictable & Consistent Performance: By removing legacy VDI bottlenecks, the V3 virtual desktop appliance maintains consistent levels of performance for each V3 user, typically two to eight times faster than physical PCs.
• Secure Desktop Computing: The V3 Appliance architecture delivers highly-secure desktop computing because no data is stored on, or transferred to, the user's desktop. Administrators have the ability to control access in real time.
• Scalability: VDI typically requires additional storage for user data. Overland Storage completes the V3 virtual desktop solution with optional SnapServer and SnapScale storage solutions that deliver cost-effective, reliable and infinitely-scalable performance and capacity.

"Today's requirements in mobility and cloud computing are driving a new set of challenges and complexities for global IT organizations," said Eric Kelly, President and CEO of Overland Storage. "By combining our enterprise-class scalable storage portfolio with the new turn-key V3 Appliance and breakthrough Desktop Cloud Orchestrator software, our global channel partners can now deliver virtual desktop solutions that overcome the cost and complexity of traditional VDI solutions."

Price & Availability

Two models of the V3 Appliance are available from authorized Overland Storage channel partners. The V100 and V200 V3 Appliance models are optimized to serve up to 100 and 200 virtual desktops, respectively and can scale to thousands of desktops. Pricing starts at $60,000 MSRP.

About Sphere3D

Sphere 3D Corporation (TSX-V:ANY) (Nasdaq:ANY) is a virtualization technology solution provider. Sphere 3D's Glassware 2.0™ platform delivers virtualization of some of the most demanding applications in the marketplace today; making it easy to move applications from a physical PC or workstation to a virtual environment either on premise and/or from the cloud. Sphere 3D's V3 Systems division supplies the industry's first purpose built appliance for virtualization as well as the Desktop Cloud Orchestrator management software for VDI. Sphere 3D recently announced its proposed merger with Overland Storage (Nasdaq:OVRL). This alliance is intended to bring together next generation technologies for virtualization and cloud coupled with end-to-end scalable storage offerings enabling the introduction of a number of converged solutions. Sphere 3D maintains offices in Mississauga, Ontario, Canada and in Salt Lake City, Utah, U.S. For additional information visit www.sphere3d.com or access the Company's public filings at www.sedar.com or www.edgar.gov.

About Overland Storage

Overland Storage is a trusted global provider of unified data management and data protection solutions across the data lifecycle. The Company delivers one of the most extensive and complementary product portfolios and service offerings in the industry. By providing an integrated range of technologies and services for primary, nearline, offline, and archival data storage, Overland Storage and Tandberg Data, a wholly-owned subsidiary of Overland, make it easy and cost-effective to manage different tiers of information over the data lifecycle, whether distributed data is across the hall or across the globe. Overland Storage recently announced its proposed merger with Sphere 3D Corporation (Nasdaq:ANY) and (TSX-V:ANY). This alliance is intended to bring together next generation technologies for virtualization and cloud coupled with end-to-end scalable storage offerings allowing them to address the larger and growing virtualization and cloud markets. Overland Storage and Tandberg Data solutions are available through a select network of value-added resellers and system integrators. For more information, visit www.overlandstorage.com or www.tandbergdata.com.

Overland Storage, the Overland logo and Tandberg Data are trademarks or registered trademarks of Overland Storage, Inc. that may be registered in some jurisdictions. All other trademarks are the property of their respective owners.
Pattie Adams
[phone]

www.overlandstorage.com

[macnqueso]

No it was a small order... a bit less than 1,500 shares... just a little nibbling...

[Tamtam]

Was the order bigger than 10% of the last 30 day average?

[macnqueso]

So I bought a few shares of OVRL last week... when I tried to place a bid online I received a message to call the broker... this happened with both Scottrade and Etrade... I called and they placed the order for me with no problem, but the rep I talked to wasn't sure why this one couldn't be purchased with an online order... anybody else have this issue? Anybody know why the brokerage firms would be limiting trading on OVRL... hadn't run into this in the past and am mostly curious as to why???

[stocktrademan]

$OVRL recent news/filings

loading bullish

## source: finance.yahoo.com

Mon, 04 Aug 2014 15:12:00 GMT ~ Why Overland Storage (OVRL) Stock Is Spiking Today

[at TheStreet] - Overland Storage (OVRL) stock is surging after the company announced it expects to exceed $24 million in revenue for its fiscal fourth quarter.

read full: http://www.thestreet.com/story/12831995/1/why-overland-storage-ovrl-stock-is-spiking-today.html?puc=yahoo&cm_ven=YAHOO
*********************************************************

Mon, 04 Aug 2014 13:59:56 GMT ~ Overland Storage(R) Announces Business Update; Expects to Exceed $24 Million Revenue for Q4FY14

[at noodls] - SAN DIEGO, CA -- (Marketwired) -- 08/04/14 -- Overland Storage, Inc. (NASDAQ: OVRL), a trusted global provider of unified data management and protection solutions across the data lifecycle, today announced ...

read full: http://www.noodls.com/view/4D5E3582F19626713668CD8EED2E893AE8E73A1C
*********************************************************

Mon, 04 Aug 2014 13:06:00 GMT ~ 9:06 am Overland Storage sees Q4 revs above consensus


read full: http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#ovrl
*********************************************************

Mon, 04 Aug 2014 13:00:00 GMT ~ Overland Storage(R) Announces Business Update; Expects to Exceed $24 Million Revenue for Q4FY14

[Marketwired] - Overland Storage, Inc. , a trusted global provider of unified data management and protection solutions across the data lifecycle, today announced an update on its business operations to address recent ...

read full: http://finance.yahoo.com/news/overland-storage-r-announces-business-130000608.html
*********************************************************

Fri, 01 Aug 2014 22:03:51 GMT ~ Nasdaq stocks posting largest volume increases


read full: http://sg.finance.yahoo.com/news/nasdaq-stocks-posting-largest-volume-220410239--finance.html
*********************************************************


$OVRL charts

basic chart ## source: stockcharts.com



basic chart ## source: eoddata.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$OVRL company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/OVRL/company-info
Ticker: $OVRL
OTC Market Place: Not Available
CIK code: 0000889930
Company name: Overland Storage, Inc.
Company website: http://www.overlandstorage.com
Incorporated In: CA, USA


$OVRL share structure

## source: otcmarkets.com

Market Value: $63,196,671 a/o Aug 01, 2014
Shares Outstanding: 17,506,003 a/o May 07, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: Not Available
$OVRL extra dd links

Company name: Overland Storage, Inc.
Company website: http://www.overlandstorage.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=OVRL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=OVRL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=OVRL+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/OVRL/news - http://finance.yahoo.com/q/h?s=OVRL+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/OVRL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/OVRL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=OVRL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/OVRL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Overland+Storage%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Overland+Storage%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Overland+Storage%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.overlandstorage.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.overlandstorage.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.overlandstorage.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/OVRL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000889930&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/OVRL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/OVRL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=OVRL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=OVRL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/OVRL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=OVRL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=OVRL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=OVRL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=OVRL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=OVRL+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/OVRL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=OVRL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/OVRL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=OVRL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/OVRL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/OVRL/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/OVRL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/OVRL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/OVRL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=OVRL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=OVRL



$OVRL DD Notes ~ http://www.ddnotesmaker.com/OVRL

[Justfactsmam]

Interesting OVRL has a ridiculously small float
Shares Outstanding: 17.51M
Float: 3.27M
% Held by Insiders1: 41.32%
% Held by Institutions1: 30.20%
Shares Short (as of May 30, 2014)3: 211.16K
Short Ratio (as of May 30, 2014)3: 1.40
Short % of Float (as of May 30, 2014)3: 3.50%
Shares Short (prior month)3: 49.80K

Shorts are increasing position...another death wish?

[Daenerys]

YW, grubstake. Looks like we are going to close green again!

Go OVRL !

[grubstake]

thanks for posting the news.

[Daenerys]

8K : Tandberg integration - "ahead of schedule."

I’d like to provide you with an update on the ongoing integration progress between Tandberg Data and Overland Storage as well as share my excitement over our most recent news that Overland Storage has entered into an agreement to merge with Sphere 3D.
Regarding the Tandberg Data and Overland Storage integration, I’m happy to report that we continue to make progress and, in fact, are ahead of schedule. The combination of Tandberg Data and Overland Storage has created one of the industry’s broadest product portfolios, ranging from Tandberg Data’s RDX® removable disk storage solutions to Overland’s SnapServer DX NAS, SnapScale clustered NAS and Virtual Tape Library, to the tape automation product lines from both companies.
In addition, we are merging our partner portal activity into a single portal called FastTrack, which will make it easy for our partners to register deals and obtain marketing and sales materials for the entire combined product line. We have expanded our account management, sales, marketing and operations support teams and arranged them under a single organizational structure so that they now can sell and support the complete product and services portfolio.
Here at Overland Storage, we are enthusiastic about our recent announcement that we have entered into a merger agreement with Sphere 3D. We anticipate that the combination will broaden, enhance and diversify our product lines by adding Application Virtualization, Virtualized Desktop and robust Cloud Solutions to our existing data storage and data management offerings. This game-changing blend represents a major opportunity for our global partner base – and we will reach out to you to discuss how you can gain access to this new opportunity after the merger closes.
Above all else, I want to express my appreciation for your business and the loyalty you have shown Tandberg Data and Overland during our transitional period. On behalf of our combined company, we look forward to our continued partnership over the coming years as we continue to develop industry leading technologies and products that provide solutions that address your business needs today and in the future.
Best Regards,

http://archive.fast-edgar.com//20140529/AE2LG22EZC2RDJZZ27282ZXLEQCPZZ22Z262/

[Tamtam]

.... judging from the activity on this board, the three of us are the only OVRL retail investors who persisted, the rest are institutions/insiders.

I know at least 6 private investors in OVRL some of them have a substancial number of shares, none of them is posting here

[Daenerys]

13D/A
http://ih.advfn.com/p.php?pid=nmona&article=62352486

[Daenerys]

Hey guys, judging from the activity on this board, the three of us are the only OVRL retail investors who persisted, the rest are institutions/insiders. Lol, kidding. :)

13d/a just came out. A lot of reading. Is it just a rehash with amendment related to the RS, or is there anything new?

[grubstake]

I guess our friend Sheldon wouldn't have to report OVRL purchases since the two companies aren't merged.

Wow, someone just bought over $60K worth of OVRL stock in one transaction. Institutions loading?

[Daenerys]

Wow, someone just bought over $60K worth of OVRL stock in one transaction. Institutions loading?

[RonnieD]

well just take .51 and multiply it by whatever Sphere
is trading at... that's the value.
Sphere is issuing stock at 8.50
if you believe in this merger anything under 4.00
is a nice entry.

[Daenerys]

Virtualization Wins: Novarad Success With NovaGlass Imaging Software Leads to Glassware 2.0 and V3 Appliance Demand
Hundreds of Attendees Test Drive V3 Appliances and Glassware 2.0 Virtualization Software on SnapServer DX2 Appliances at Launch
MARKETWIRE - CANADA 8:32 AM ET 5/20/2014
Symbol Last Price Change
OVRL 3.4472down -0.0028 (-0.08%)
SPIHF 8.1202up -0.5289 (-6.12%)
QUOTES AS OF 09:33:29 AM ET 05/20/2014
SAN DIEGO, CA and MISSISSAUGA, ON--(Marketwired - May 20, 2014) - Overland Storage(OVRL) and Sphere 3D Corporation(SPIHF) are pleased to announce the successful launch of Novarad's NovaGlass imaging software at the SIIM Conference in Long Beach, California last week.

NovaGlass, powered by Sphere 3D(SPIHF) is the latest offering from Novarad Corporation, a leader in enterprise medical imaging solutions, who unveiled the new solution to attendees of the SIIM Conference in Long Beach, California.

Designed to leverage Novarad PACS and RIS solutions, NovaGlass resides on enterprise grade appliances and provides users with access to a robust set of imaging features, while significantly enhancing operating speeds and workstation choices.

Utilizing Glassware 2.0(TM) virtual application technology, NovaGlass can deliver both Novarad software and Vendor Neutral Archive solution, MARZ, on a variety of computing devices including PC, Mac, iPad, laptops, Android tablets, and Google Chromebooks.

In response to high customer interest at SIIM, Novarad placed orders for Glassware 2.0(TM), delivered on Overland SnapServer DX2 appliances, and for V3 Appliances with Desktop Cloud Orchestrator(TM) management software. A portion of the initial order from Novarad will fulfill a deployment to one of the leading Hospital Systems in the United States.

Through a drop-in appliance approach, NovaGlass is able to deliver enterprise-class performance and reliability coupled with the scalability required to meet the needs of customers that range in size from small clinics to large Hospital systems.

Quotes

"We are very pleased with the overwhelming response we received at SIIM," said Tim Law, President of Novarad. "NovaGlass was a hit at the show and it was very apparent that we have a solution that addresses a number of market needs."

"NovaGlass resonated with attendees and further validates Novarad's commitment to answering customer needs and maintaining their position as a leading vendor of PACS," said Stoney Hall, VP Global Sales, Sphere 3D(SPIHF).

About Novarad

With more than 850 installations worldwide, Novarad is the healthcare community's trusted provider of radiology technologies. Novarad's full diagnostic suite of PACS, RIS, cardiology, orthopedic and mammography systems increase radiology efficiency and deliver unmatched value. Images and reports are available anytime, anywhere via the full diagnostic viewer, iPad or any mobile device with web access. Novarad also offers the MARZ Vendor Neutral Archive, a leading VNA solution created through a partnership between Dell and Novarad. Novarad has been ISO certified since 2006 and holds FDA 510(k) certification. Please visit: www.novarad.net

About Sphere 3D Corporation(SPIHF)

Sphere 3D Corporation (SPIHF) is a Mississauga, Ontario based virtualization technology solution provider. Sphere 3D's(SPIHF) Glassware 2.0(TM) platform delivers virtualization of many of the most demanding applications in the marketplace today; making it easy to move applications from a physical PC or workstation to a virtual environment either on premise and/or from the cloud. Sphere 3D's(SPIHF) V3 Systems division supplies the industry's first purpose built appliance for virtualization as well as the Desktop Cloud Orchestrator(TM) management software for VDI. Sphere 3D(SPIHF) maintains offices in Mississauga, Ontario, Canada and in Salt Lake City, Utah, U.S. For additional information visit www.sphere3d.com, www.v3sys.com or access the Company's public filings at www.sedar.com.

[Daenerys]

I see someone already bought 600 shares at 3.93 after hours.

OVRL

[TheFinalCD]

* Transaction has an implied value of approximately $4.43 per Overland (OVRL) share

[Daenerys]

It should get very interesting here very fast. What do you think will happen tomorrow?

OVRL

[Daenerys]

To answer my own question, looks like 3rd quarter:

The Transaction requires customary closing conditions, shareholder approval of Overland and receipt of all necessary regulatory approvals. The Transaction is expected to close in the third calendar quarter of 2014. Upon the completion of the Transaction, Overland's common stock will cease trading on the NASDAQ and Sphere 3D shares are expected to trade on the TSX and NASDAQ markets.

[Daenerys]

So... are we SPIHF now? Do you know when will we get the converted shares?

http://www.otcmarkets.com/stock/SPIHF/chart

http://investorshub.advfn.com/Sphere-3D-Corp-(TSXV-ANY)-SPIHF-27034/

[Daenerys]

Sphere 3D Corporation (OTCBB: SPIHF) and Overland Storage, Inc. (Nasdaq: OVRL) announced that both companies' Boards of Directors have unanimously approved a definitive merger agreement under which the companies would combine to create a leading global virtualization and data management software solutions company. The name of the combined company will be Sphere 3D.

Under the terms of the merger agreement ("Transaction"), each outstanding share of Overland common stock will be exchanged for 0.510594 common shares of Sphere 3D, subject to certain potential adjustments as set forth in the agreement. After completion of the Transaction, it is expected that current holders of Overland Shares will own approximately 28.8% of Sphere 3D on a fully diluted basis as a result of their exchange of shares in the merger. Based on the closing sales price of Sphere 3D common shares on May 14, 2014, the last trading day prior to the announcement of the transaction, on the TSX Venture Exchange (the "TSXV"), the total consideration payable to holders of Overland equity in the transaction has an implied value of approximately US$81.13 million or approximately US$4.43 per Overland Share.

On May 14, 2014, the last trading day prior to the announcement of the Transaction, the closing price of the Overland Shares on the NASDAQ was US$2.90 and the closing price of the Sphere 3D Shares on the TSXV was C$9.46 (or US$8.68). The acquisition price represents a premium of approximately 53% over the closing price of the Overland Shares on the NASDAQ on the last trading day immediately preceding the announcement of the Transaction and a premium of approximately 27% over the weighted average trading price of the Overland Shares on the NASDAQ and Sphere 3D on the TSX-V for the 30 trading days immediately preceding the announcement of the Transaction.

Sphere 3D and Overland have been working in tandem to develop an integrated application virtualization and data storage platform, as well as a virtual desktop infrastructure (VDI) solutions, which are already installed at select strategic customers and partners. The application virtualization platform allows native third party applications to be delivered in the cloud or on premise on a multitude of endpoint devices independent of their operating system. The VDI market, a key segment of the virtualization market, is estimated to be over $5 billion and growing 20% annually, according to Frost & Sullivan. Through the combination, Sphere 3D will have greater financial and operational scale, and a large and well established worldwide distribution network and tier one OEM partnerships.

The combination of Sphere 3D's Glassware 2.0 virtualization solution and Overland's data storage solutions will enable mobile device users the full functionality of any software program or application on any device, anywhere, eliminating the application limitations, data management and security problems for enterprises created by the BYOD (Bring Your Own Device) phenomenon. Mobile users that need productivity applications such as word processing, spreadsheets, presentations and collaborations, specialized software for computer-aided design (CAD), magnetic resonance imaging (MRI), software development, video production or customized legacy applications can now experience full application functionality via the cloud or in the data center.

Management Comments
Commenting on behalf of Sphere 3D, Peter Tassiopoulos, Chief Executive Officer stated: "This transformational deal allows us to immediately gain the scale, infrastructure and resources required to become a leading global virtualization company and strengthens Sphere's ability to service and support partners and customers globally. In addition, this transaction provides greater certainty in leveraging Overland's existing global distribution network as well as their significant Tier One OEM relationships."

Eric Kelly, President and CEO of Overland Storage, said, "This merger brings together next generation technologies for virtualization and cloud coupled with end-to-end scalable storage offerings enabling us to address the larger and growing virtualization and cloud markets. This along with Overland's global network of services and reseller partners and our worldwide manufacturing capabilities supports our path for growth and profitability to create significant value for shareholders of both companies."

Approvals
The Transaction requires customary closing conditions, shareholder approval of Overland and receipt of all necessary regulatory approvals. The Transaction is expected to close in the third calendar quarter of 2014. Upon the completion of the Transaction, Overland's common stock will cease trading on the NASDAQ and Sphere 3D shares are expected to trade on the TSX and NASDAQ markets.

Pursuant to the Agreement, Overland is subject to customary non-solicitation covenants. In the event a superior proposal is made and if in response, Overland's board of directors changes its recommendation of the transaction to the Overland shareholders or terminates the Transaction under certain circumstances, Overland has agreed to pay Sphere 3D a termination fee of US$3.5 million.
The Transaction has received the unanimous support of the boards of directors and management of both Sphere 3D and Overland.

Certain significant shareholders of Overland, including Cyrus Capital Partners and its affiliates, have entered into voting agreements with Sphere 3D pursuant to which they have agreed to vote the Overland Shares beneficially owned by them (collectively representing approximately 64% of the outstanding Overland Shares) in favor of the Transaction, subject to the terms and conditions set forth in the voting agreements.

Eric Kelly, the Chief Executive Officer, President, and board member of Overland, is also the Chairman of the Board of Sphere 3D and accordingly declared his conflict and recused himself from casting any vote with respect to the Transaction. Mr. Kelly has non-material share ownership in both Overland and Sphere 3D. No collateral benefit has been paid to Mr. Kelly in connection with the consummation of the Transaction. The Overland board of directors formed a special committee of independent directors to review and evaluate the proposed transaction. Sphere 3D appointed Glenn Bowman, the Chairman of the Audit Committee, as its lead director with respect to the evaluation of this Transaction.

[Daenerys]

May 15 (Reuters) - Sphere 3D Corp :
* Press release - Sphere 3D and Overland Storage enter into definitive merger agreement
* Sphere 3D and Overland Storage enter into definitive merger agreement
* Each outstanding share of Overland common stock will be exchanged for 0.510594 common shares of Sphere 3D
* Says transaction has an implied value of approximately $81.13 million
* Transaction has an implied value of approximately $4.43 per Overland share
* Says both companies' boards of directors have unanimously approved a definitive merger agreement

[TheFinalCD]

OVRL merger about to change things here

[Apophis]

earnings and revenue is improving so the stock PPS will be changing for the better in 2014.

[RonnieD]

go to sec dot gov search edgar. this company has issued a lot of stock after the reverse split. it's in the latest filing. they owe over 8 million more shares to cyrus and also another 7 million or so in stock options for insiders. current os count is 87 million. appears that about 100 million fully diluted is near. the stock had about that before the reverse split. which means its market cap at this price is more than double but the shareholders are down 80% while the company succeded in expanding its value, the shareholders lost. there is no reason to buy the stock now either. it's probably going to drop to 2 dollars flat.

[donkschmonk]

Thank you, much appreciated.

Having gotten in at the equivalent of now $5.30 a share I am of course more than bothered about their relative silence. Do they now offer the co- developed products with V3 and Sphere they were all talking about? Are they being sold already (why no news)? I would love to know your opinion(s) on whether they are successfully turning around the ship...

[donkschmonk]

Thank you, much appreciated.

Having gotten in at the equivalent of now $5.30 a share I am of course more than bothered about their relative silence. Do they now offer the co- developed products with V3 and Sphere they were all talking about? Are they being sold already (why no news)? I would love to know your opinion(s) on whether they are successfully turning around the ship...

[grubstake]

You're welcome

[grubstake]

http://techfieldday.com/video/eric-kelly-introduces-overland-storage-at-storage-field-day-4/ Didn't see this posted here. He's talking about sphere aspect at about 4 1/2 mins.

[donkschmonk]

Thanks man. Appreciate it!

I agree a low buyout offer is always unfavourable, the only thing I meant which highly speaks against a low buyout strategy that they (controlling the supermajority (>75%) of the votes) obviously must have voted in favour of the reverse stock split. Now, if they wanted it to take private at a very cheap price, then they wouldnt have voted that way as a delisting notice would have put significant downward pressure on the stock price as people generally fear to hold illequid stocks. They could have made then, almost automatically a buyout offer once it was delisted for only a mere fraction of a dollar!

So all to say, I hope/think they have other plans for OVRL.

Also, lets not forget, public companies are a great way to acquire companies, as they can buy private companies with their stock, and that at a relatively good price as the shareholders of the acquired company, who received stock in the public company, have (after the lock up period) the opportunity to cash out if they want. We get a good price and the shareholders of the acquired company get liquidity...everybody wins..

Today was very encouraging! I hope its a good sign of things to come!

[CarbonTrader22]

You make some excellent points, and thank you for your thoughts.

My only consideration for taking it private would be if the funds are all on the same page, they could make an offer for the rest while the price is low. Owning so much, they would have the votes easily locked up.

Overland isn't exactly a cash cow (yet), so it doesn't make a lot of sense to have it private, but you never know.

Hoping for some more good news.... and I really like this partnership with Sphere. I own Sphere shares as well.

Best of luck to you.

[donkschmonk]

Nice articles summing up the current efforts:

http://www.theregister.co.uk/2013/11/14/overland_storage/

[donkschmonk]

Quick considerations:

- Having a publicly listed company is very valuable as an acquisition vehicle. Also, due to the current losses, its tax credits make it a nice vehicle for acquisitions.

- When the share price becomes "too low" it becomes an interesting acquisition target, true. However, the ('NY investment fund club led by Cyrus') already owns (with options exercisable over the next 60 days, over 80%, with management it will be over 85%. So to take it private and have a non-public company just to get the last 15%? Hmmmm..also the reverse stock split indicates they do not want it to just get delisted. It would habeen easy to cheaply by out minority shateholders then..

I am in it, as 1) the expectations right now are close to nil, so any good news could be a great surprise 2) the investment fund club thats in OVRL (most likely close friends as all within a few blocks of each other in NY, co-incidence?;)) usually knows VERY well what they do, look at the profiles of the main funds in it. OVRL has a VERY, VERY high institutional ownership for a public company and these guys are not quiet bystanders who 1) just invest for no reason and 2) won't push management...

What do u think?

[CarbonTrader22]

I wonder if they are going to take it private?

[donkschmonk]

Would have to look it up, by now their ownership value in shares of Phere should amount to well above 10% of their market cap.

On another note, while the stock price keeps declining, over 80% of shares are owned by Cyrus Capital, Marathon Capital and the Clinton Group. All highly specialised investors. Plus another five percent by directors and executives. I sure hope/think they know what they are doing to turn this ship around.