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Wall Street loves a great turn around story, once positive earnings are released analysts will start digging into to Sphere deeper and that's when the story will get interesting. The light bulb will go on very soon and those who took advantage of this dip will be very happy!
Exactly Tim, the past is the past and the shorts will soon see the future!! Going to sit back and enjoy!!
If this is right then watch out, this is all we need to start the ride!
The shorts worst nightmare!
"Sphere says Overland will be immediately accretive to earnings "
You also fail to mention Sphere's $5.5 million in cash ending 12/31/14. Cyrus Capital was willing to pay $7.50 per share, not worried about future cash.
MISSISSAUGA, Ontario, Nov. 28, 2014 (GLOBE NEWSWIRE) -- Sphere 3D Corporation (ANY) (ANY) (the "Company" or "Sphere 3D"), a virtualization technology solution provider, today announced that it intends to issue 333,333 common shares of the Company to FBC Holdings S.a.r.l., an affiliate to Cyrus Capital Partners ("Cyrus Capital"), in satisfaction of its US$2,500,000 guarantee of a convertible loan transaction between Overland Storage, Inc. ("Overland") and Cyrus Capital entered into on October 13, 2014. As a condition of entering into this loan transaction, Overland repaid existing indebtedness owing to the Company of US$2,500,000.
The terms of the loan provide that repayment of US$2,500,000 shall occur immediately following the closing of the Overland merger transaction and be converted at an ascribed price of US$7.50 per share. Subject to receipt of regulatory approval, these shares will be issued at a price of CDN$8.57, being the Canadian dollar equivalent of the US$7.50 conversion price. The shares will be subject to a 4 month hold period under applicable Canadian securities law.
Pete, you never know when good news will hit and believe me after buying my last batch yesterday and watching the PPS going up .20 cents on 6000 shares, I wouldn't want to have to chase it! If you believe hold those shares tightly, market cap is very very cheap!
I believe Roth was part of the merger for Overland if I'm remembering right.
Couldn't agree more Pepsi! Management has combined 4 companies into one in a very short period of time. The Overland merger closed just over a month or so ago. Personal experience says management is very approachable but time and patience is needed by shareholders. Once management is ready to unleash the future with this low float and short shares those who don't have shares will be buying at much higher prices! JMO
Exactly, buying 6k yesterday it went from 3.49 to 3.70...one big buyer and this takes off!
Exactly, patience JB, took 2 hours to fill 6000 shares yesterday without chasing.
A long term Overland pumper calling for $2.80 with the combination of Sphere, Overland, Tan, and V3, good luck and welcome to the ignore gang!
Jesi was operated on January 20th, so if 30 days from that date would be February 20th, but not sure..but soon there after!
Scottrade, 3.55/3.79
Nice update on Jesi who is started therapy today!
http://www.gofundme.com/lm00m0
Done buying, with tweets like that, I believe Glassware, Overland/Tan, V3 is worth more the $120 market cap!! Good luck all, riding for the long haul!!
No one willing to sell at $3.60, come on!!
Once you call the order in you can adjust I moved it up to $3.60 only bought 800 shares and the ask jumped to 3.62, lol....very thin here!
I'm putting my money where my mouth is got 6k share buy at $3.50, hope it hits had to call it in and will have to call to change it, unreal!
Attendees were very interested in our software and frequently stopped by our booth. They were most interested in our new user interface, the universal viewer (our MARZ product), our PACS product and NovaGlass. We loved seeing an emphasis on enterprise imaging solutions (and congratulations to us for being ahead of the curve). ITN Magazine even featured us in their RSNA 2014 Imaging Trends video, which you can view here (http://bit.ly/1zcP5qg).
http://blog.novarad.net/
Makes you wonder why employees like Craig leave Dell to join the Sphere 3D team, hmmmm! Education, healthcare verticals seem to be in good hands!
Craig Fisher
Director, Global Business Development
Denver, ColoradoInformation Technology and Services
Current
Sphere3D
Previous
Dell, FUJIFILM Medical Systems, Inc. USA, McKesson Provider Technologies
Education
Medical University of South Carolina
https://www.linkedin.com/pub/craig-fisher/7/621/991
Pete, I'm focused on the PPS and how undervalued it is today. If Overland/Tan continue to show good solid cost savings and house cleaning with an uptick in Glassware sales, then I expect to see some nice price targets come out after earnings! Strong buy at this price imo!
Yes, still restricted at Scottrade...tried today.
Under the terms of the transaction, Overland will receive only 0.510594 shares of Sphere 3D stock for each share of Overland Storage stock they own. The transaction values Overland Storage at approximately $4.43 per share.
Agree Lucror! Where are those 2 million shares??? We might never find out but the 128 million market cap is completely ignoring Glassware and V3 altogether. Overland before the merger had a $4.00 target. These prices are dirt cheap and won't be around long imo!
LOL, good one TT...still very confident here and hoping I'm not waiting to long to add somemore before it turns.
Exactly, all this will pass in time! The knife stops at $3.50 imo...looking to add somemore real soon but waiting for another one of my stocks to stop going up :)
I agree and don't think it would have happened if things were not going as planned! My guess things are going better then planned!
I agree and don't think it would have happened if things were not going as planned! My guess things are going better then planned!
My guess is that this is Pinetree and the shorts planned sell and cover. All done between $3.50 and $4.25! When this ends we move up, so calling bottom of $3.50 as long as true longs hold on to their shares.
Adding strong leadership at this point shows where the company is going, no way does Lorianne come aboard if management wasn't thrilled with how the trials are going! This is a strong hire!
Merck acquired Cubist in January for $102 a share
InVivo Therapeutics Appoints Lorianne Masuoka, MD as Chief Medical Officer?
Think Jan 2015
InVivo Therapeutics Holdings Corp. (NVIV) today announced the appointment of Lorianne Masuoka, MD, as Chief Medical Officer (CMO), effective March 2, 2015. She will be taking over for the interim CMO, Lou Vaickus, MD, who is also Founder & President of akta Pharmaceutical Development LLC, a life sciences consulting company.
Prior to joining the InVivo team, Dr. Masuoka served as Senior Vice President and Chief Medical Officer at Cubist Pharmaceuticals from July 2013 until Jan 2015. As a member of Cubist’s executive management team, she managed over 150 employees in the areas of clinical research, drug safety, biostatistics and data management, and clinical operations. Prior to her time at Cubist, she served in various roles of increasing responsibility at Nektar Therapeutics, including Senior Vice President and Chief Medical Officer from August 2008 until August 2011. Dr. Masuoka served as Vice President, Clinical Development at FivePrime Therapeutics from July 2003 until August 2008. Prior to that, she served as Director, Clinical Development, Oncology at Chiron.
Dr. Masuoka has a medical degree from the University of California, Davis, where she also completed her residency in neurology. She completed her epilepsy fellowship at Yale University and has a board certification from the American Board of Psychiatry and Neurology (Neurology).
Mark Perrin, CEO and Chairman of the Board, said, “I am very pleased to have Lorianne joining the InVivo team at such an exciting time in our company’s history. She will be instrumental as we transition from executing on the expedited timeline for our pilot study to designing our pivotal study. Her medical background in neurology and extensive experience in clinical development, managing early to late stage clinical trials in neurological indications and many other multidisciplinary indications will make her an invaluable asset as we move forward with our current and future clinical programs
Got 30k shares at $1.57, after the financing I thought we would test that area again but like you said that never happen. Almost added another 10k shares this morning but didn't catch it early enough, maybe tomorrow then will ride it out! Patient #2 Jesi should be going home this week so we are past the safety phase so we should be moving on to patient 3,4, and 5 within a month! You can follow the patients on the links below if you didn't already know. Also taking a hard look at your other one doing some DD as we speak.
http://www.gofundme.com/lm00m0
http://www.gofundme.com/fytic4
Good to hear, looking good so far! While some others are in a downtrend I loaded here at average $1.57! New management has turned this company around and steering it in the right direction.
Compliments of FactMan777:
Uplisting: need 5 consecutive business days with minimum closing price of $2
Nasdaq’s stated purpose for its proposal is to compete with NYSE Amex for initial listings of companies with securities priced between $2 and $4. Under the proposed alternative, a security would qualify for listing on the Nasdaq Capital Market if, for at least five consecutive business days prior to approval, the security has a minimum closing price of either of the following:
• at least $3 per share, if the issuer meets the Equity or Net Income standards.
• Under the Equity Standard, an issuer would need to meet, among other things:
o (A) stockholders’ equity of at least $5 million;
o (B) market value of publicly held shares of at least $15 million; and
o (C) two year operating history.
• Under the Net Income Standard, an issuer would have to meet, among other things:
o (A) net income from continuing operations of $750,000 in the most recently completed fiscal year or in two of the three most recently completed fiscal years;
o (B) stockholders’ equity of at least $4 million; and
o (C) market value of publicly held shares of at least $5 million.
• OR at least $2 per share, if the issuer meets the Market Value of Listed Securities standard.
• Under the Market Value of Listed Securities Standard, an issuer would need to meet, among other things:
o (A) market value of listed securities of at least $50 million (current publicly traded issuers must meet this requirement and the price requirement for 90 consecutive trading days prior to applying for listing if qualifying to list only under the market value of listed securities standard);
o (B) stockholders’ equity of at least $4 million; and
o (C) market value of publicly held shares of at least $15 million.
Just the Facts,
-FactMan777
I like the way this is trading! Slow, steady and up! Chart looks great, you still with us TD?
Thanks TT! Didn't know what the heck it said.
I agree, Microsoft, Google, the other shoe Apple! SOON they will all be on board! Great entry price under $4.00!
I agree Boogins, that needs to be the next step, revenue guidance!! Extremely happy the company is now getting the word out regarding Glassware in official releases! Great job, EK, PT and PB!
NEWS:
Sphere 3D Announces Glassware 2.0 Support for Google Drive
Virtual Application Users Can Now Utilize Cloud Storage in the Same Manner as Physical Deployments
http://finance.yahoo.com/news/sphere-3d-announces-glassware-2-133200010.html
Excellent article here and exactly why patience is critical:
To Get Big, Start Really Small
http://timkastelle.org/blog/2015/02/to-get-big-start-really-small/
Agree 100% Tim! Not sure what is being said behind the ignore door but ANYone that claims they cannot see the potential here only wants to buy in cheaper. Selfesh people who will do and say anything with no regards for others! It will be a added bonus when Spiffy takes off leaving these few lonely soles to chase or miss a opportunity of a lifetime!
Market cap today is $140 million, this is a steal!!