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Have to admit really like PB's writing style. His enthusiasm is very evident and clear. :)
Promark Technology overview:
Actually quite interesting for many reasons. See below for their quick profile...
Now, while very happy that guys like Promark obviously carry our products ANY's management didn't mention a new sales channel with guys like Promark to us, so I am left a little wondering what else is flying there intentionally below the radar unseen by us...
What I mean is if our products are already on Promark's website than the ink on a deal to carry our products is obviously already dry for a bit (and since it includes new Overland products AND V3 products it can't just be a legacy channel!) ...not sure if I am super happy or asking myself why they don't PR a new nice sales channel in dire times like this where we could use every bit of good news...maybe I am both...we could use some of the good new like that without us having to did it up ourselves... (nice job on that silverline btw!)
Their Linkedin profile:
Promark Technology is one of the premier value added distributors (VAD) in the United States. Promark’s core technology focus is distributing data storage and electronic document imaging products and solutions through a two-tier distribution channel selling to value added resellers (VARs) and system integrators. Promark leverages its direct relationships with world class technology partners including: Dell – Compellent, Dot Hill, QLogic, Overland Storage, ExaGrid, Nexsan, FalconStor, Enterasys, Panasonic, Fujitsu and many more to provide solutions that meet the most demanding needs of our customers.
Promark’s Professional Services Division provides VARs the opportunity to offer its clients installation, implementation and support services for many of our vendors. Promark offers a channel friendly model with a solid margin proposition for your organization to make money for service opportunities. Promark offers professional services in application integration, backup and recovery, network optimization, storage implementations and disaster recovery solutions.
Promark also provides various federal and state contract vehicles including the GSA Schedule for which its channel partners can leverage to sell to the government.
https://www.linkedin.com/company/promark-technology?_mSplash=1
While we are going down quite strongly, some people seem to at least be buying very carefully....
At this stage and with a not too small volume, while I understand the fear why some retail may be selling somewhat given the emotional and share price decline, the short has to yet explain why some may be buying (much, much slower than I would like to). Yet, either they are idiots or very smart (take your own pick;)), but certainly 'buying into a "hyped" stock' like the short likes to put it, they are certainly not!
To make the important destinction, files are a lot easier to access from any device than the virtualisation of applications on any device. The key difference...
Happy to be corrected by the more IT savy here, but the later normally much more complex applications aspect is what makes Sphere 3D and Glassware so relevant... Anyway for ease of reference below a link and excerpt from an independent article that explained the same in regards to Google's Chromebooks relatively clearly...kindly referring especially to the parts in bold...
Sphere 3D: Virtualization + Cloud = Apps Anywhere
Michael Dortch on Quora (28/8/2014):
What is the ultimate purpose of all those investments enterprises make in IT? One easily supportable answer: to enable the business to do business better and faster. If, like almost every enterprise on the planet today, yours relies upon software applications to do business, solutions offered by a company called Sphere 3D may warrant your further investigation.
At many enterprises, one of the most important functions IT performs in support of of this goal is provision of consistently reliable access to the applications that drive the business. If users or customers can't get to the apps that enable them to do work or interact with the business, frankly, nothing else IT does matters. IT leaders and teams, in turn, are often judged in large part by the accessibility availability, adoption and reliability of the apps they support.
There are multiple situations that can make efficient, effective and economical provision of application access challenging. If an enterprise has thousands of app users, paying for the hardware and software needed to deliver a copy of each app to each user can rapidly become unaffordable. And the more hardware and software an enterprise buys to deliver those apps, the more challenging the enterprise's IT infrastructure becomes to manage, making consistent access, availability and security of those apps difficult if not impossible to deliver.
Also, not every user has exactly the same type of device, and as you already likely know, not every application "automagically" appears and operates correctly on every type of device. But your enterprise likely has less-than-total control over internal users' device choices, and even less control where external users such as partners or customers are concerned.
For years, so-called "virtual desktop" offerings have tried to address these and related challenges, with...let's be gentle and call them mixed results, with more benefits for IT teams than for the users they support. Enter Sphere 3D. Without getting too technical, the company's savvy combination of innovative cloud- and premise-based technologies promise to virtualize any Windows application in six clicks.
The company calls what it delivers "desktop cloud computing," and having seen it in action, I believe it could be a transformative step in the evolution of application access, delivery and management. (I've take to referring to it as "application delivery as a service" or "ADaaS." We'll see if this has any traction.)
Basically, Sphere 3D's technologies form the foundations of a platform that could enable enterprises to deliver any application to any user of any device type, economically and securely. And apps virtualized with Sphere 3D solutions run faster than those same apps running on dedicated PCs, making users at least as happy as the IT teams supporting them.
This isn't just theory or "demoware," either. Earlier this year, for example, Google announced that Virginia's Chesterfield County Public Schools (CCPS), one of the largest school systems in the US, was buying 32,000 Dell Chromebooks, one for each of its middle and high school students. And the school system has decided to implement Sphere 3D technologies to deliver Windows applications to those Chromebook users.
(My learned industry colleague Simon Bramfitt has written a great summary and analysis of how CCPS made its decisions and how Sphere 3D differs from other desktop virtualization approaches: "Chesterfield County Schools Turn to Sphere 3D for Windows on Chromebooks.")
If your enterprise has experiments with other virtual desktop alternatives and found them wanting, or considered desktop virtualization but not yet found any available options compelling, take a look at Sphere 3D. And of course, I'd be interested in your reactions and experiences, some of which are likely to appear in one of my future posts.
http://dortchonit.quora.com/Sphere-3D-Virtualization-+-Cloud-Apps-Anywhere
Overland's RDX line finding some more news exposure. Little by little, the more we are showing up on the radar screens the better:
http://searchdatabackup.techtarget.com/news/2240238351/Sphere-3D-adds-3-TB-drives-to-Overlands-RDX-QuikStor-backup-appliance
True, here the link for the schedule: http://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch
They must hope at the same time that there will be no further validations/deals with Glassware or V3 until then...or any larger contracts for Overland...indicating that business is growing in a healthy way...and not to get ANY such news until the next quarterly numbers....that probability could be very low
And that while there is a restriction on the short, but he surely is still acting outside of that restriction...
Go figure the volume today?
Easy! Very few real sellers...also very few aggressive buyers left (which one meaningful PR etc could change)...frankly taken as the flip side, BUT... anybody thinking or arguing yesterday that there are panic sellers in this stock...well...now... go figure that
Fantastic! As we saw on the 1st January (when the same restriction on the short was in place) that seriously restricts the games and effect of the short!
Also, gives management one more day to possibly prepare news?... This as technically the R restriction didnt have to be in place, so I think management did place a call... and I find it somewhat unlikely to think that they would waste the day today to not use it to prepare some kind of release...
Wow you bought at 75 cents, and today we have the pleasure of your first post!? Why today if I may ask?
Cloud computing technology trends in 2015 by techtarget.com
As the IT world looks ahead to 2015, which new technologies will take off? Our cloud experts predict the top cloud technology in the New Year.
As the IT world bids adieu to 2014, enterprises and IT pros are left wondering which direction the industry will go next. Last year, our experts predicted big things for big data, a stronger emphasis on security and a movement toward platform services, among other insights. And for the most part, their predictions were right on the money.
This year, we asked our experts the following question: Which new technologies will take off in 2015 or challenge the status quo? Here's what to expect.
Below what one of the five experts asked said, as it might be relevant in regards to Sphere 3D's technology and plans
David S. Linthicum
The most significant developments will be the use of containers around application distribution, cost effectiveness and portability. There will be a renewed focus on automation tools that deal with containers, including those that provide automated app or component portability based on pre-defined criteria.
The value will be the ability to reduce complexity by using container abstractions. Containers remove dependencies on the underlying infrastructure services, which reduces the complexity of dealing with those platforms.
http://searchcloudcomputing.techtarget.com/feature/Cloud-computing-technology-trends-in-2015?utm_medium=EM&asrc=EM_NLN_38623490&utm_campaign=20150113_Will%20Docker%20adoption%20skyrocket%20in%202015?_nrando&utm_source=NLN&track=NL-1814&ad=898233
Our fast RDX line: Even the Register.co.uk, a site that is normally negative on Sphere and Overland can't find something bad to say about it:
http://www.theregister.co.uk/2015/01/08/2tb_removability_from_sphere_3d/
Techtarget.com: What does the desktop virtualization market hold for 2015?
See if you can find the many ways ANY is exactly in the sweet spot :
"As 2014 winds to a close, we can take a step back and see what the biggest trends in the virtualization world were. That information also makes it easier to tell what might be in store for 2015.
Desktop virtualization market news was populated with vendor product announcements, leadership changes and strategic tweaks, but provider-specific topics weren't what three SearchVirtualDesktop experts pinpointed as the biggest trends of the year.
Contributors said mobility, the bring your own device (BYOD) trend,desktop as a service (DaaS), Linux, and the evolution and fate of Windows were the hottest topics of the year. They also predicted that the pain points associated with those trends will see solutions in the year to come.
Read on to get more details on what experts thought about 2014 and what's to come in 2015.
Brien Posey:
The biggest trend that I have been seeing is the lines blurring between VDI and BYOD. Users access virtual desktops on mobile devices with greater frequency, so a lot of the attention is turning toward mobile device management (MDM), security and support.
I think that in 2015, there is going to be a much bigger emphasis on cross-platform support. There is going to be a big push to make sure virtual desktops, virtual applications and traditional apps look and behave the same way on a variety of devices. I also think that management vendors will do a lot of work to ensure a much more consistent management experience from one device type to the next. This is an area where things are really lacking.
I was looking at one MDM tool a few days ago that had very little consistency among its features. A feature might work for PC, but notGoogle Android. Or it might work for Android, but not Apple iOS. This is a really common problem, and I think it is something that is going to have to be addressed sooner rather than later.
Robert Sheldon:
What I think has been interesting to watch -- and will continue to be -- is the future of the Windows desktop operating system going forward.
Although Microsoft loosened its licensing structure around virtualization this year, the change is limited to Software Assurance customers and the Enterprise edition. Even then, Microsoft made no mention of DaaS. SMBs are pretty much left out in the cold. On top of this, Windows 8 has been a fiasco, and what adoption there has been is a result of customers being forced into the new OS. XP is no longer supported and Windows 7 doesn't have that much longer to go. Consumers and companies forced into using Windows 8 have not been happy.
Enter into this mix the advances in cloud computing, mobility, HTML5 and virtualization, and it seems that we're moving into an area where anything is possible. One of those possibilities is that the technologies are now out there to break Microsoft's stronghold on the desktop industry.
With virtualization, whether you deliver it in-house or via DaaS, the concept of thin client computing is becoming more feasible all the time, making the OS irrelevant to a great degree. We might see more Chromebook-like options emerge. And out of the box, admins can use Linux desktops for Web-based apps or to run thin clients. We're already seeing some big names using Linux desktops: Google, NASA, CERN and the U.S. Department of Defense.
Windows is still, of course, the primary OS out there, in no small part because of all the Windows-based applications and services. But even Microsoft is moving to a cloud-based model in many areas, and is promising to continue to move in that direction.
For example, Office 365 is now available on iOS and Android devices for free. Office Online (formerly Office Web Apps) is accessible through several different browsers. Windows isn't going away any time soon, but change is definitely in the air. I think desktop virtualization -- particularly DaaS -- is going to play a significant role going forward in ways that we haven't even yet begun to realize
Alastair Cooke:
After years of talking about putting VDI deployments on solid-state storage, I think 2014 was the year I talked to more customers using solid-state drives (SSD) for VDI than those not. New vendors, such as Nimbleand Pure, are gaining market traction and delivering great storage for VDI. Longer-standing vendors are also doing a better job of delivering the storage that utilizes flash performance. The improving economics of delivering nearly unlimited IOPS per desktop are removing a big pain area for VDI deployment."
http://searchvirtualdesktop.techtarget.com/feature/What-does-the-desktop-virtualization-market-hold-for-2015?utm_medium=EM&asrc=EM_NLN_38438904&utm_campaign=20150107_Want%20faster%20Windows%208.1%20startup?_mhanley&utm_source=NLN&track=NL-1812&ad=898164
Exactly the same occured to me before and made me smile, it could indeed be in one form or another a sign of things to come. Let's also not forget that normally when firms start working together like Sphere and Dell do, very early on a so called Employee Non-solicitation Agreement is signed or incorporated into the agreements:
http://www.contractstandards.com/contract-structure/remedies/covenants/non-solicitation
It would indeed be a standard clause, especially between related technology firms!
NOW, the fact that obviously no such standard clause or agreement was signed between Dell and Sphere 3D (even after the first ones left Dell which certainly did not escape the HR department at Dell...) begs at least the open question: Why was obviously no such agreement/clause ever signed? ;)
:)
Gio, how about you actually do some research yourself? Or is that...surprise, surprise...not really why you are here??
Thankfully not at an investor conference as they are typically just attended by institutional investors. As we established they a) might be inclined to wait until further revenue recognition (next quarterly figures will be the first time both results (Sphere 3D and Overland) will be combined) AND much more importantly them presenting themselves to large retail investors would be much more attractive as these types of investors dont have to deal with processes, investment committees etc and can act fast and decisive...
this is a very thinly traded microcap after all...just one or two new large retail investors with the willingness to buy a few hundered thousand shares each suddenly on the cheap here would do wonders...
Interesting excerpt from the link you posted (thx): "I am convinced that the acquisition route will continue being used in 2015. Competition in the cloud services arena is fierce, and that makes it imperative for those competing to keep up with their rivals in providing important services. Many times it appears private startups can move faster in niche markets, and this agility will keep the acquisitions activity on a high boil."
Many thanks great eagle! It is a really nice group here I have to say! eom
Generally yes. The system might only restrict you from placing a sell order at say $15, for example, as would be deemed as an unrealistic order today (an excuse of course as most of brokerages only make a fraction of their income from us from actual commissions, but mainly "other income" including borrowing costs and lending out your shares behind your back (the famous "small print")).
Just try it out in your system from a high price down what the maximum sales price is that your broker will accept as what he deems a "legitimate sales order", after all you are taking a backdoor profit opportunity away from him with that.. ;)
I think as a group it would be much more effective if we start to place limited sales orders simultanously NOW - to the extend our brokers who lend out our shares -shamelessly with our own shares- so very, very kindly allow us to.
I will do so today too. It is very true if one shareholder does it alone then the short can just brush it off as little increased cost of doing business(and without showing that it had ANY effect, after all then he would encourage us all to do so) BUT if multiple shareholders do it co-ordinated AT THE SAME TIME, then let's see we might just tickle the short the wrong way at a key time...
Hey, worst possible scenario, our group effort has no effect at all but we tried...nothing to loose from trying...let's see it as a neat little experiment to annoy our little short friend...;)
who tried to spoil our mood for NYE which made it personal ;)
P.S. Make sure to to put the limits high enough and to not keep the order Good until Cancelled (GTC) if you can but say only valid for a few months, this way in case you forget to cancel them and ANY rises, you dont risk accidently selling out.
I would answer it with the following question: given how obvious and blatant these literally last minute/last second share sales have become (also a sign that the less obvious manipulative games stopped working; after all which thief voluntarily enjoys doing his deed for all to easily see?), is it then in ANY way likely that our management is not already communicating with the SEC?
Also, given that 99% of stock manipulation is harder to see and prove than by those last minute go for broke share sales (multiple by now in the last two weeks; we have all suspected short manipulation in this or other stocks before but rarely seen it this blatant) that again obviously can not be rationally linked to a non-manipulative/ real seller, is it likely that the SEC will completly turn a blind eye? Especially now that the Canadian short shares will/are finally being reconciled now?
In ANY case, I for one am relatively happy to see the blatant obviousness of the short's actions. This as it makes the respective closing prices like yesterday much less relevant for me...
Last but not least, at this valuation level, even if anybody does NOT believe AT ALL in Glassware, the V3 products suite etc. and JUST sees ANY purely as Overland Storage, we are still undervalued here with a nice upside and limited downside, fundamentally speaking if ANYbody contemplates the absolute worst case scenario. So in conclusion, the worst case scenario has rarely looked this good.
Oh, and, the worse the short artificially made the end of 2014 look for us (as every coin by nature has two sides to it) the better his actions might make the beginning of 2015 look for us...
Added very little today as this is technically a key date for the reconciliation of shares from the tsx to nasdaq, so as I had preluded to another poster privately before, a last big short attack today was no surprise....
Many of my shares (by far most as an example) are still locked up as Canadian delisted shares...in a few days this will change...in a few days we can make it harder (for example) for European brokers (check with yours) to lend out shares to the short...by starting to put these shares that will be finally freed on limited sales orders..to do so before was not effective as naked shorting was allowed or they were then locked up with the excuse to be delisted canadian shares before the final transfer...
It is a game and we all are bound within the confines of the game to play with those who wished to play with our shares...their last big unrestrained battle was today (end of the month of delisting) which is exactly why you saw today..finally...happy new year!! :)
As funny as it is accurate! Well captured! eom
Each of the big names, Microsoft or Google ALONE, are worth more than the ENTIRE russian stock market!
How is that for a fun fact? I think we are in pretty good company
http://www.msn.com/en-gb/news/other/google-is-now-worth-more-than-the-whole-russian-stock-market/ar-BBgZnld
In regards to more institutional investors coming on board, we went a very long way today...
"just btw"
Post of the day! If I may on this joyous day call dips on calling it
As to your point that "speculation" is involved whenever one dares (or cares really) to talk about the future...well, drums please.............
Congratulations this year's Nobel Prize in Finance goes out for that one!
"one must connect the dots before the public has"
Pepsiman, exactly right and exactly what we will get rewarded for, or shareholders in general in the stock market get rewarded for, and the more the consequences of their research differ from the public's awareness at that time, the higher the reward. Now, given the current stock price, one could safely conclude that the market's awareness of Sphere 3D is very low, which makes the shares so potentially rewarding independent of the exact scenario, as the market (stock market and general market) has a lot of catching up to do...So, potentially very nice gains in store for us just as a result of future increased market awareness...
Delisting and short covering process and strategy analysed:
Reposting in a shorter version as the prior length might have discouraged some to read:
First, background:
In regards to the delisting and covering of naked shorts let's keep in mind that the process is not as immediate and quick as some here might have wished. This as for the reconciliation of certificates and covering of naked shorts involved two exchanges and a clearing house are involved!
As outlined below, in the example of Nasdaq as they are more relevant going forward, short reports are not done every day, and then we have to allow for procedures and notices etc to be accomodated,
So, lets based on the below example very conservatively estimate that the entire covering process will take anywhere up to 2-4 weeks from delisting dependent on the exact dates and circumstances. In ANY case not one or two days like many here might have wished, but we have to be real here!
Second, the short's covering strategy analysed:
So, having established that the holder(s) of naked shorts have a bit of time to cover the shares they need to (very considerable number judging by the estimates that many have put together), the key question is what would be the logical strategy?
Clearly, not for the short to start quickly and frantically buying and igniting a short(s) squeeze on himself not using the time he has. That would be just plain silly!
In fact, his logical strategy would be to divide the time left (lets call it countdown) into two distinct phases:
Phase 1) Grind the share price lower first, thereby also unnerving investors and shaking weak hands and thereby seeding doubts, as we "retail investors" see and feel the disconnect between our belief and the share price and wonder if we are/were wrong...yes the doubts we all saw here too over the past days!
Phase 2) ANYway, the second phase then starts once we are all in doubt and fearful, as the fall seemingly never stops, thats exactly when he silently starts to switch to covering mode under our noses! Quietly with the time he has left AND not aggresively or too late to not ignite a short squeze or to be too obviously spotted by us and thereby us starting to get cocky and buy too, thereby fuelling his run and jumping all over him during the covering phase.
Please think about it, its completely logical! You would do EXACTLY the same in his position.
So, now the question ONLY becomes, will we, you and me be part of the guys handing our shares to him over the say next weeks (one has already passed)? Remember, we have just seen the worst of phase 1 (the most aggressive part after the countdown shot) and an aggressive short who was waiting to disappoint many that no immediate covering happened...AND in case you needed evidence of his strategy look at the past days trading...and the messages here...clearly his first part had worked and validates above!
Now that we already delisted as of last Wednesday and the clock is ticking, when will he start to silently cover? Did he notice the market turned? Remember he has a bit of time, yes, but a hell of a lot of shares to silently cover...
ANYbody thinking that management should try to talk to new investors (retail can generally move much faster) and to convince them of Sphere 3D, please do that! It would throw a giant stick into the wheels of the short's plan!
Thomas S., Sales Director at Sphere 3D Corporation
Munich Area, Germany
Previous
Overland Storage, Veritas, Seagate Software
I can't shake that distant feeling that this thing about the international sales network seems to have been true...it is also very strange that IT professionals from these kind of companies would change careers to an obviously dying storage provider...
I guess the Overland guys are getting their new Sphere 3D titles and I would fill up the board with profiles I like, but have to say, it is nice to put faces to the sales network and see validation right there! All these senior guys that worked at companies like Dell, HP, Siemens, Veritas and Seagate will now be selling our bloody useless vaporware!
https://www.linkedin.com/profile/view?id=23052401&authType=OUT_OF_NETWORK&authToken=68XM&locale=en_US&srchid=779201551418921300952&srchindex=10&srchtotal=53&trk=vsrp_people_res_name&trkInfo=VSRPsearchId%3A779201551418921300952%2CVSRPtargetId%3A23052401%2CVSRPcmpt%3Aprimary&_mSplash=1
His achievements at Overland and Hewlett Packard are quite impressive:
Achievements at Overland Storage:
Achieved significant growth in sales for APAC in Q3
Sustained significant growth in sales for APAC in Q4 with revenue growth in almost all countries.
Achievements as Sales Director, APJ at Hewlett Packard:
160% of Sales Target for FY12.
117% of Sales Target for FY11
Managed a 0.5B of Alliance Target across APJ
Recruitment of TS Alliance Directors for APJ
Managed a Team of Alliance Directors across India, China, South Pacific, India and Japan.
Achieved 2X growth of Red Hat in the APJ Region with comprehensive Alliance Strategy.
Lee-Ann Tan, Regional Sales Director, APAC and Middle East at Sphere 3D
Nice profile!: https://www.linkedin.com/in/tanleeann
It is very nice to see as the Overland guys are updating their linked-in profiles that the Overland acquision brought a lot of motivated senior talent on board!
From the US, France, India to Singapore, senior Sphere 3D guys are now to be found all over the world!
"Overland and Tandberg are not historically the oldest storage companies but two of the oldest. [The first storage memory was the punch card designed in 1881 by Herman Hollerith, who would later form IBM.]
Here we publish a brief history of these two firms that have profoundly marked the history of storage and especially the tape industry in the past decades."
Very impressive history nicely compiled by http://www.bmeconsulting.net/wordpress/ !
Please have a quick look:
http://www.bmeconsulting.net/wordpress/archives/227
Just the quick link to the Chesterfield School Chromebooks article (or one thereof):
http://www.virtualizationpractice.com/chesterfield-county-schools-turn-sphere-3d-windows-chromebooks-27278/
Short covering process and strategy analysed as so many asked about it:
First, background:
In regards to the delisting and covering of naked shorts let's keep in mind that the process is not as immediate and quick as some here might have wished. A wish, as for the reconciliation of certificates and covering of naked shorts two exchanges and a clearing house are involved! Now, who would have guessed they don't have quite the same urgency and anxiety for that process to be completed as we do?
As outlined below, in the example of Nasdaq as they are more relevant going forward, short reports are not done every day, and then we have to allow for procedures and notices etc to be accomodated, or did anybody really expect the short to get a notice that says on delisting day: "We have stayed up all night and counted certificates AND tomorrow you better be completely covered or else! The world doesn't work like that. Well, unfortunately in this specific case and fortunately in general. So, lets based on the below example very conservatively estimate that the entire covering process will take anywhere from 2-4 weeks from delisting dependent on the exact dates and circumstances. In ANY case not one or two days like many here might have wished, but we have to be real here!
Second, the short's covering strategy analysed:
So, having established that the holder(s) of naked shorts have a bit of time to cover the shares they need to (very considerable number judging by the estimates that many have put together), the key question is what would be the logical strategy?
Clearly, not for the short to start quickly and frantically buying and igniting a short(s) squeeze on himself not using the time he has. That would be just plain silly!
In fact, his logical strategy would be to divide the time left (lets call it coutdown) into two distinct phases:
Phase 1) Grind the share price lower first, thereby also unnerving investors and shaking weak hands and thereby seeding doubts, as we "retail investors" all see the disconnect between our belief and the share price and wonder if we are/were wrong...yes the doubts we all saw here too over the past days. This literally down to the point where we all became hesitant to press the buy button, independent of how ridicolous the price. Moreover, the short also got a HUGE xmas gift by having in this first phase co-incide with a market fallout, what a lucky guy! (I shall abstain from swearing)
Phase 2) ANYway, the second phase then starts once we are all in doubt and fearful, as the fall seemingly never stops, thats exactly when he silently starts to switch to covering mode under our noses! Quietly with the time he has left AND not aggresively or too late to not ignite a short squeze or to be too obviously spotted by us and thereby us starting to get cocky and buy too, thereby fuelling his run and making it much more expensive for him! It is a very tight balance, especially given the amount he has to cover...he cant wait too long or risk us jumping all over him...
Please think about it, its completely logical! You would do EXACTLY the same in his position, so why expect ANYthing else from him, everybody acts in his/her own interest, devious or moral or not is for other more philosophical message boards...
So, now the question ONLY becomes, will we, you and me be part of the guys handing our shares to him over the say next weeks (one has already passed)? Remember, we have just seen the worst of phase 1 (the most aggressive part after the countdown shot) and an aggressive and lucky short during a general market fall out waiting to disappoint many that no immediate covering happened...AND in case you needed evidence of his strategy look at the past days trading...and the messages here...clearly his first part had worked... now we already delisted as of last Wednesday and the clock is ticking, when will he start to silently cover? Did he notice the market turned today? Will he tomorrow? Remember he has a bit of time, yes, but a hell of a lot of shares to cover...
ANYway, below are the sources for those interested in the short numbers on our new exclusive exchange (in case you are already wondering the first official Nasdaq post de-listing report will be out by exactly 4pm Christmas evening):
The official short interest numbers are recorded by Nasdaq twice a month and are officially available here (note based on the last mid or end of the month as a last record date):
http://www.nasdaqtrader.com/Trader.aspx?id=ShortInterest
The detailed publication schedule on which these short numbers are updated for each security is here (basically for the update count 10-12 days from the record dates above):
http://www.nasdaqtrader.com/Trader.aspx?id=ShortIntPubSch
Nice update from Scott just out, interesting perspective on recent trading...not entirely sure as I believe its mainly the short trying to wiggle us into submission..but very interesting and plausible observation/factor and correlation...
To weigh in on that one, completely agree with SE, the company while still in its cash burning stages like so many other companies at that stage have been, has a dedicated and friendly major, professional and educated shareholder, Cyrus Capital, on its side (lets not take for granted). A deeper look at their profile teveals a lot. And they provided capital during the merger, converted that already at $7.50! during the last weeks AND have IN ADDITION to that just shown us a credit line of $2-5 million for Sphere 3D, now they have their financial health support..
Its only the ticker and the fact that our little secret is not yet being shouted from the rooftops (far from it- and which it deserves to be) that makes us desperate for some more support for us...
Nice posts (last two)! Well said and very true and get us all, beyond hype or angst, right back to the real fundamental picture, even if though that can be hard at times, I openly admit! I shall sticky it for my own long term collection. Thank you for taking the time!
Leave the shorties be great eagle, really not worth your time we all know they either work for the big guy or are tiny, either way dont waste your time...actually the re-emergence of these here is the perfect indicator/explanation of what is happening, clearly and without question another short attack today!
Anyway, while will get through it and have done before, the only reason this is possible is that as the word needs to get out AND as sons eloquently put it:
sons4 Monday, December 15, 2014 3:46:04 PM Post # of 14531
" I think it's time our new CEO schedule a conference call to discuss the completion of the merger and what to expect going into 2015! Answer shareholder questions, etc...the time is now imo!"
Well, might I add, the time to stop being quiet would be about now! Its the lack of a wider investor exposure that allows these attacks to have such an effect on relatively low volume in the first place...! Sometimes in life you need friends, we need more friends!
Anyway, will drop a short line to PT, would welcome anybody to do the same..
Agree very much so in rehards to their strategy of forcing margin calls, since we dont want to part with our shares easily and have proven very stubborn, that might be the only way for them to get a lot of shares to cover...
That is unless some influential people (all around here) could ask the company to put a mighty stick into that ugly wheel of the short's plan...