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Here is the article from Seeking Alpha.
Sphere 3D Has A Large Upside
Feb. 19, 2015 7:57 AM ET | 2 comments | About: Sphere 3D Corp. (ANY), Includes: ERIC
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Disclosure: The author is long ANY. (More...)
Summary
While suffering some headwinds from shorts and financial distress from a large shareholder, Sphere 3D shares now have a very favorable risk/reward ratio.
A flurry of new deals, market inroads for their most promising virtualization solution Glassware, and a financial turn around provide chances for a very significant upside.
Recent company guidance buttresses our thesis that the whole is much more than the sum of the parts of the acquired companies.
We have a fairly simple thesis on why you should buy Sphere 3D (NASDAQ:ANY), the virtualization and storage company, and after a rather steep sell-off, one can profit from the timing as well. Basically our thesis consists of three legs:
Sphere's Glassware 2.0 application virtualization solution holds a lot of promise.
After Sphere 3D acquired V3 Systems and Overland, and the latter acquired Tandberg, the whole is more than the sum of the parts.
Overland was shrinking and loss making for years, but it is experiencing a turn-around.
Glassware 2.0
Much of the hope for the company is based on Glassware which has introduced a new way to virtualize applications and make them available anywhere, independent of device and operating system, with the same functionality.
You can find a description of how it works here and here, and an interview with (former) CEO Peter Tassiopoulos here. For our purposes it is more important to realize the advantages over competing solutions:
Glassware is able to virtualize applications that other solutions can't
Glassware is more efficient than other solutions in terms of resources it needs to function
It is a very simple solution
Virtualization expert Simon Bramfitt commented on Glassware:
Glassware is fast. When I connected via cable modem from home to a Glassware server over 2,000 miles away in Mississauga, new sessions launched nearly instantaneously. Moreover, Sphere 3D's RDP-based remoting protocol performed well enough not to draw attention to itself as something significantly lacking in comparison to Citrix's HDX, at least when accessing a range of office applications.
According to Bramfitt, all but three of the thousands of new offerings at that VMWare conference last year were just incremental improvements. Glassware was one of three truly new products.
Now, most of these are just management claims, is there any independent validation for that? One of the first deals was with Novorad, here is their CEO:
"We have tested many of today's leading virtualization technologies and have looked at a number of potential solutions; none were able to deliver the simple migration to virtualization and incredible performance that we get from the Sphere 3D approach to virtual computing." said Paul Shumway, Senior Vice President of Novarad, "The first time we saw our products run on Glassware 2.0, we were sold ".
Novorad is a leading medical imaging company and will offer this to their clients. The uptake of this solution seems to be going pretty well:
In response to high customer interest at SIIM, Novarad placed orders for Glassware 2.0â„¢, delivered on Overland SnapServer DX2 appliances, and for V3 Appliances with Desktop Cloud Orchestratorâ„¢ 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.
You might also note that Shere 3D is a partner in the Dell DRIVE Plus electronic health record initiative
Dell DRIVE Plus, a collaboration among Dell, Red Hat, Intel and VMWare, helps make deploying and optimizing electronic health record (EHR) solutions easier and more cost effective. Healthcare customers who implement this innovative solution reap many benefits, including lower EHR costs and the flexibility of an open industry-standard platform. The platform is expanding to include both Glassware 2.0â„¢ and Desktop Cloud Orchestratorâ„¢ from Sphere 3D.
Dell, Red Hat, Intel, VMWare.... Sphere 3D, these are rather big boys. So Glassware seems to have a toehold in the medical document market already, just one vertical.
Speaking about Dell, there was that new Dell server presented at the annual Dell World, with a Glassware logo and it wasn't in the Sphere 3D boot. While we do not yet fully understand the relation between the two companies, the fact that there is one is telling in and by itself.
Then there is their partnership with Ericsson involving both V3 Desk Orchestrator and Glassware solutions for managed service providers. This seems to already providing results:
The new solution has been in production with various clients since the initial part of this year. New trials are also underway and in planning stages with several North American MSPs in conjunction with Ericsson, a world leader in the rapidly-changing environment of communications and managed services technology.
We think a recent deal with Adams NetWorks is also the result of this:
Sphere 3D Corporation (TSX-V: ANY, NASDAQ:ANY), a virtualization technology solution provider, is pleased to announce that Adams NetWorks, a subsidiary of Adams Telephone Co-Operative ("Adams"), has selected Sphere 3D to provide a complete self-serve virtualization solution designed to address the needs of their small and medium sized business ("SMB") customers.
Self-service virtualization solution apt for SMB customers point to the ease of use, a competitive strength of Glassware.
Then we have the educational vertical, more especially Chromebooks, the technology of choice for many school districts because of its cost and IT management simplicity. Chromebooks run on Chrome from Google (NASDAQ:GOOG), the problem with Chromebooks is that they can't really run legacy Windows applications.
This is where Glassware 2.0 comes in, with their six click virtualization solution. There are already customers, and these are both large and happy, Here is Dustin Hardin from New Caney:
"We tried traditional virtualization techniques but the specific applications we needed couldn't virtualize or wouldn't scale. With our Glassware 2.0 enabled Dellâ„¢ server, we were able to virtualize the applications we needed and future proof our investment in Chromebooks for our students," commented Dustin Hardin, Director of Technology of New Caney ISD, a current Glassware customer. "Having the ability to securely deliver virtualized Windows-based applications to our students allows us to plan around our own technology roadmap instead of having to rely on multiple software vendors to release compatible versions or maintain support for existing versions already in use by our schools."
New Caney is a school district with a 14K Chromebook implementation. Mr. Hardin even demonstrated the Glassware solution at a recent education conference, so there might be others in this vertical getting interested.
Then there is the Chesterfield County School district, with a whopping 32K Chromebook implementation. Guess what they are using to still be offering legacy Windows apps? Yes, Glassware 2.0.
Note also that Sphere entered in agreement with Microsoft so that they can offer these solutions and they recently added the ability to use Google drive as storage solution. The latter is important as Glassware sits on the server while student work is likely to be saved on the local drive or on the network.
Neither is optimal. The local drive (the harddrive of the student's PC) doesn't make his/her work available elsewhere, and network storage creates complexity and risks where there are multiple students working on the same project or assignments (copying or deleting work of others, etc.). Creating a secure folder for every student is cumbersome, so why not simply use an existing solution like Google Drive?
So we have Glassware entering large verticals like medical documents, managed service providers and education already, partnering with really big companies like Dell, Ericsson, Microsoft and Google. The claim by shorts that Glassware is fluff without sales looks rather silly, while the claim by the company that it provides an easier and cheaper virtualization solution is gathering evidence as we speak.
New company guidance
These are very promising developments but investors are also interested in the monetary side of things. The confidence of management has now increased sufficiently to put out rather promising guidance. Because of the incomparability of quarters and the effects of acquisitions, these are a little difficult to read for the uninitiated, but the most relevant part of it was the following:
we have set our goal for an annualized run rate of over US$160 million in Q4 2015.
Since the revenues of Sphere 3D alone (without Overland) and V3 Systems were very small, this can best be compared to the annual run rate of Overland/Tandberg, and it turns out that $160M would be almost double that (the last quarter, Overland/Tandberg revenues were $22.9M, which would amount to $92M annualized).
Now, the question is, if this indeed materializes, where does this spectacular growth come from, given that Overland was shrinking and loss making for years.
Turn around at Overland?
The first candidate is a turn around at Overland. There are some signs that the tape storage market is turning around, so this is a possibility, but still, after years of declining revenues this would really be a spectacular turn around and isn't very likely, in our view.
What should not be forgotten is that apart from possible revenue growth, Overland is likely to turn around in the profitability department, arguably even more important for the share price of Sphere 3D:
The significant operational changes at Overland will result in cost-savings of 10% to 15% (or $2 million to $3 million) greater than our previously-announced target of $20 million. The final phase of the integration plan, which includes recent organizational reductions and changes to our manufacturing and supply chain operations, is expected to positively impact gross margins going forward. The Tandberg integration plan will be completed prior to the closing of the merger agreement with Sphere 3D and is expected to allow for a profitable run-rate exiting calendar year 2014, excluding one-time charges and stock compensation expense. [CEO Eric Kelly in Nov 2014]
What are these one-time charges and stock compensation expenses?
One-time costs for the first quarter of fiscal 2015 were approximately $1.9 million. Stock compensation expense was $0.8 million in the first quarter of fiscal 2015, compared to $0.9 million in the first quarter of fiscal 2014 and $1.2 million in the fourth quarter of fiscal 2014. [Q1 2015 results]
So we must be pretty close, and if revenues are exploding the way the company predicts, the company will likely enjoy solid profitability pretty soon. Here is from a recent (February 2015) SEC filing:
The acquisition of Overland complements the activities of Sphere 3D and is expected to be immediately accretive to earnings.
The whole bigger than the sum of the parts
While the company might already be at, or close to profitability, we haven't yet explained the projects ramp up in sales. If these management projections are right, it isn't likely to all come from Overland/Tandberg, given the previous yearly decline.
By the fourth quarter, the yearly revenue run rate will have increased almost $90M. Is this all Glassware 2.0? If so, this would be a rather dramatic ramp up, and the first half of this article provides some substantiation of that. We simply think that the whole is much larger than the sum of the parts:
Overland's acquisition of Tandberg gave it more scale, geographical complementarity and scope for big cost reductions.
Sphere 3D's acquisition of V3 Systems gave it complementary capabilities in the realm of desktop virtualization.
Sphere 3D's acquisition of Overland/Tandberg is providing both Sphere 3D and V3 Systems with a 17k Overland reseller network. Many potential clients would also be rather hesitant without the service and support organization of the scale of Overland to enter into contracts with very small companies like Sphere 3D and V3 Systems without that.
With Sphere's application virtualization and V3 System's desktop virtualization, Overland has a much broader product offer which enables it to provide integrated solutions (selling to clients like Jefferson Homebuilders, Industrial Networking Solutions and AmeriFirst Finance, all in the last two months.)
The proof of this thesis is that all of these four companies were really struggling on their own. Evidence is mounting that the combination is thriving. Apart from the deals already mentioned, the combined Sphere 3D has now able to close big distribution deals with the likes of Promark (as it happens, the biggest ICT distributor) and Atos.
Share performance
The remarkable thing is that after the flurry of deals and promising corporate updates of greatly increasing financials, the share price has gone south.
Now, this is still a small and relatively unknown company, and it is in the sort of waste land between retail and institutional investors and valuation based on promise to one based on harder financial data.
The stock price of companies like that have a habit of being rather volatile, and Sphere's stock price has additional hurdles of a fairly large short position (and accompanying articles) and a large shareholder (Pinetree) in some financial distress.
But with the resent guidance and an end of the bleeding of Overland, we think we're on much more solid footing and where Glassware can take the company remains to be seen, but the initial customer acceptance is very promising.
While the price might remain volatile for a while, we think that the risk/reward ratio is particularly favorable at below $5, given the flurry of recent deals, the expected ramp up in sales and the turn to profitability at Overland.
Thank you. The drop was well orchestrated and done with precision. Others on the board mentioned opportune traders being responsible for the selling pressure which may have been some of the volume , but the majority of the pressure today was from the shorts and market orders. The good thing is these shares are being bought. I have been around this game for a long time and have never experienced anything like what is going on with the shorts and ANY. In my opinion the shorts have overstayed their welcome and our in a tenuous position so I was not surprised to see them come as hard as they did today, but buyers will be there. I expect more of the same, but time is running out and quickly. ANY has lots of aces up their sleeve. GLTA and IMO
If my assumption was wrong my apologies. I have been involved in ANY since early June/2013 and I am fully aware of who the TO shorts and their cabal are. The pack leader's name has been mentioned many times on this board hence my reference to call them to get their opinion. I have seen their quarterly updates to their investors and their reasons for being short. Their opinion is that ANY's Open Letter released a few days back is just BS and not true and they are spreading that message with their followers. This group is very aggressive and very short and have no other course to follow as there is no way out. There is plenty more of great news coming on ANY shortly. IMO
If you know who the shorts are in TO and I think you do, call them and tell them you own Sphere and ask them what they think about it. Especially if you are a size long holder. IMO
The one thing we do know after today is that the shorts are still short in big numbers. They went full court press today. I also heard they did a major smear campaign saying the release was all B/S. Like I said this is a dangerous game they are playing with major consequences. The whales are still buying and their strategy is to accumulate as much as they can while they can. $.50 up or down is peanuts to them as they understand the big picture. IMO
Good point, however, that has changed as of recently. The share count showing declared and undeclared is pending anytime. They are still very short (undeclared) and their risk is off the charts. The even better point is there are new buyers and they are not retail. Do you think they are not aware of what the shorts have been doing and the benefits of accumulating shares as the shorts continue to try to pressure the share price going down. We have traded 8 million shares plus since early December and if you think that is retail buying you are sadly mistaken. The shorts are a side show now as ANY's US presence grows in the US and abroad. It is the shorts who are powerless and helpless, but because of their egos they don't know it yet. Career changes and huge losses are the only things the shorts have to look forward too. And imagine this, plenty of more real news coming for ANY. IMO
The shorts starting hitting with market orders very early this morning as expected. I have enclosed the individual trades as of the timing of this post. They have thrown several large market orders at us already but the whales are smart and they will keep feeding. IMO
20150219 - 288 Trades for U:ANY
Time X Price Chg Vol
11:30:05 Q 4.37 -0.28 200
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11:27:34 Q 4.3584 -0.2916 1,100
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11:24:02 Q 4.40 -0.25 3,690
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11:03:29 Q 4.40 -0.25 1,399
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11:00:25 Q 4.44 -0.21 2,500
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10:58:24 Q 4.40 -0.25 100
10:58:20 Q 4.4307 -0.2193 550
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10:48:45 Q 4.4014 -0.2486 2,872
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10:15:30 Q 4.48 -0.17 1,700
10:15:26 Q 4.50 -0.15 1,000
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10:00:48 Q 4.62 -0.03 100
10:00:47 Q 4.64 -0.01 78
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10:00:47 Q 4.62 -0.03 40
09:58:30 Q 4.64 -0.01 801
09:58:29 Q 4.6201 -0.0299 1,000
09:58:29 Q 4.6201 -0.0299 2,449
09:58:29 Q 4.64 -0.01 1,750
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09:58:29 Q 4.60 -0.05 1,750
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09:56:43 Q 4.66 0.01 3,800
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09:55:46 Q 4.67 0.02 370
09:55:46 Q 4.67 0.02 782
09:55:46 Q 4.67 0.02 1,448
09:54:28 Q 4.6727 0.0227 600
09:54:02 Q 4.6783 0.0283 650
09:41:59 Q 4.6701 0.0201 3,000
09:37:46 Q 4.70 0.05 100
09:36:59 Q 4.75 0.10 300
09:36:59 Q 4.75 0.10 200
09:36:59 Q 4.7499 0.0999 100
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09:36:59 Q 4.7499 0.0999 1,600
09:36:27 Q 4.7495 0.0995 1,000
09:36:09 Q 4.71 0.06 200
09:35:18 Q 4.7101 0.0601 1,000
09:34:40 Q 4.75 0.10 200
09:34:40 Q 4.75 0.10 300
09:34:40 Q 4.75 0.10 1
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09:34:40 Q 4.75 0.10 1,134
09:34:40 Q 4.75 0.10 166
09:34:40 Q 4.75 0.10 100
09:34:40 Q 4.72 0.07 500
09:34:40 Q 4.71 0.06 100
09:34:40 Q 4.71 0.06 100
09:34:09 Q 4.70 0.05 100
09:34:07 Q 4.70 0.05 500
09:33:00 Q 4.7499 0.0999 200
09:32:51 Q 4.71 0.06 100
09:32:47 Q 4.70 0.05 100
09:32:47 Q 4.70 0.05 346
09:32:47 Q 4.70 0.05 300
09:32:47 Q 4.70 0.05 554
09:32:47 Q 4.70 0.05 300
09:32:47 Q 4.70 0.05 146
09:32:44 Q 4.66 0.01 900
09:32:43 Q 4.66 0.01 100
09:32:22 Q 4.66 0.01 3,000
09:32:22 Q 4.67 0.02 100
09:32:22 Q 4.66 0.01 400
09:32:22 Q 4.66 0.01 300
09:32:22 Q 4.66 0.01 100
09:32:22 Q 4.66 0.01 100
09:32:02 Q 4.70 0.05 100
09:31:56 Q 4.70 0.05 200
09:30:46 Q 4.70 0.05 200
09:30:34 Q 4.65 100
09:30:34 Q 4.64 -0.01 1,400
09:30:34 Q 4.65 100
09:30:34 Q 4.64 -0.01 200
09:30:34 Q 4.64 -0.01 400
09:30:34 Q 4.64 -0.01 300
09:30:34 Q 4.641 -0.009 400
09:30:34 Q 4.64 -0.01 100
09:30:21 Q 4.70 0.05 100
09:30:16 Q 4.70 0.05 30
You must be a psychologist working for the shorts. Talk about playing with words or what. IMO
That would be a lovely number indeed. I look forward to that. Thanks. IMO
I lke your math snd comparison. The US investors will come on board and it will be significant for the company and its shareholders.. IMO
I should add that the shorts will fight until they quit as I am sure everybody knows by now. IMO
As I said earlier this morning I expected them to show their hand and they did. The short cabal took a major hit today with this news and I have said there will be plenty more to come. Hard for the shorts to sit around the table and look in each others eyes and come up with another reason why you would keep shorting here at these price levels, and secondly and more importantly run for your lives and cover right now. I just noticed a 63,000 share bid at $4.27. IMO
Great news and I expect many more. I also expect the shorts to battle today as well, although their time is running out on the final short count. I smell DESPERATION>. When they roll over it could interesting as I am sure the cabal is not feeling so good regarding ANY's announcement this morning. The whales as are still here and they are far from being full. GLTA and IMO
Agreed. ANY is very cheap here. IMO
Good point and threy are also very patient. THis is going to be a very big US play and it is just starting. IMO
Conviction is based on the very factors you discuss in your post and analysis. I particulary liked your whale analogy and we all know they can eat a lot. IMO
Stay tuned as far as my optimism goes in regards to the shorts and their precarious position. I have no concerns to where ANY goes from here in 2015. This experience has been a first time event for me also, but just hand tough as clarity is on the way. IMO
Looking at one particular important fact, I would definitely agree with Mac's whale analogy. ANY has traded over 6.5 million shares since December/10/2014. In my opinion, this has not been retail buying. The majority of the buying has been the whales who are more than aware of the large short position that the TO gang have accumulated. What a prefect scenario to accumulate shares in a disruptive investment technology due to the shorts continually trying to drive the share drive down. Load the truck as long as you can. Everything has its limits and as I stated yesterday ANY is very cheap here. I also mentioned that I expect the final reconciliation of the share count shortly and I eagerly await that update. Do not underestimate the whale buyers as they are US based and they will eat the short's lunch when they are ready. Last but not least, I expect ANY has many more surprises pending that will catch all of us off guard as to their magnitude. I am looking for a higher share price earlier than many who post here. This is my own opinion based on my own due diligence. Respectively to all. IMO
The closure on this issue is coming very soon and the we will see waht is behind door number 1. IMO
I undertstand and thats where you have to have conviction no matter how hard it is. If your friends sell they probably wouldn't tell you anyway. Rome wasn't built in a day and we all know the shorts don't play fair. Our day is coming and in my opinion we will see the old highs and better this year regardless of the shorts. Hang tough as despair is their middle name. IMO
I believe we will know the the answer to your question very soon. I also believe the market makers are now aware of the sizeable short position that our TO boys have been playing with and the ramifications of that knowledge will not help the shorts at all. Market makers function to make money and they don't care which side of the coin they are on. The shorts will pay for their manipulative trading as the noose tightenes a little every day. Mark my words. IMO
Great post. The best is yet to come. IMO
Extreme pessimism are the key words. I am not going to rehash the obvious, but will say a turn is close at hand. Way overdone here for a variety of reasons. The market will catch up with ANY very soon and reward the share price. I personally believe the shorts are now way in over there heads. The share price is down, but they have not covered as yet. VERY DANGEROUS AT THESE LEVELS. I would be surpised if we do not see relevant news before the Roth Conference. IMO
The shorts have no choice but to keep the pressure on and see if they can create some true selling so they can finally cover. The large shareholders I know have not sold and have continued to add along with new buyers who have deep pockets. This is a very dangerous time for the shorts with the share price at current levels. The share price is down and there have been some longs who have sold, but real buyers have been adding during the downtrend even if the shorts have covered a percentage of their short. They see the big picture that ANY will have a fantastic 2015 based on solid fundamentals. I would speculate that we will finally see an accurate short number in the not to distant future and that will provide some clarity as to the recent market volatility. IMO.
In my opinion I believe that we will see something. I would aslo say that the 1 st quarter will be very good. IMO
Your living in the past. Bottom line the shorts have not covered and need to keep shaking the trees so they can start to cover. Not going to be pretty real soon. IMO
Yes, I expect more news before the 4th quarter results. IMO
Well said. My bet is they are going to start covering now as I expect more good news shortly. There is nothing more negative they can say about ANY. IMO
Shorts just flashed a 7900 share offer and pulled it. IMO
I agree. The one big positive is there are buyers and the vast majority are US buyers not CDN and they have been buying steadily over the last few weeks. Like I said, I feel strongly that we are at the capitulation point with the shorts. I am awaiting an update on the finalization of the actual true short numbers on ANY and I believe it will be very soon. The shorts will press very hard today as they are running out of time. IMO
The shorts are selling right off the bat on the news. There is a capitulation event that is going to happen sooner than later and the shorts are going to do whatever they can to start covering right now. This is the final push on their behalf. IMO
You are absolutely dead on. I still believe that the shorts are still very short and have tried to break the bank over the last several days of trading. Here is the trading from 2:00pm until the close. Lots of market sell orders. The fundamentals will bust the shorts as ANY is now catching investors eyes in the USA. More news anyone? I am expecting plenty. Take a close look at the times and nunber of market orders and you can see the patterns. IMO
Time X Price Chg Vol
16:41:04 Q 4.05 -0.07 900
16:40:18 Q 4.05 -0.07 100
16:01:26 Q 4.05 -0.07 751
16:01:26 Q 4.05 -0.07 200
16:01:26 Q 4.04 -0.08 49
15:59:50 Q 4.01 -0.11 75
15:59:48 Q 4.04 -0.07 1,000
15:59:44 Q 4.01 -0.10 900
15:59:44 Q 4.01 -0.10 4,350
15:59:42 Q 4.04 -0.08 351
15:59:11 Q 4.02 -0.09 100
15:59:11 Q 4.0299 -0.0901 400
15:59:05 Q 4.02 -0.10 100
15:59:00 Q 4.039 -0.081 80
15:59:00 Q 4.039 -0.081 100
15:57:56 Q 4.03 -0.09 61
15:57:56 Q 4.03 -0.09 39
15:57:56 Q 4.03 -0.09 461
15:57:37 Q 4.03 -0.09 77
15:57:37 Q 4.03 -0.09 100
15:57:37 Q 4.03 -0.09 72
15:57:37 Q 4.03 -0.09 100
15:57:37 Q 4.025 -0.095 100
15:57:15 Q 4.02 -0.10 100
15:56:46 Q 4.03 -0.09 100
15:55:53 Q 4.02 -0.10 100
15:54:41 Q 4.02 -0.10 100
15:54:33 Q 4.02 -0.10 100
15:52:31 Q 4.02 -0.10 100
15:51:29 Q 4.03 -0.09 25
15:51:27 Q 4.03 -0.09 100
15:49:57 Q 4.02 -0.10 100
15:46:25 Q 4.04 -0.08 600
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 287
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 800
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 600
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 100
15:46:25 Q 4.04 -0.08 200
15:46:25 Q 4.03 -0.09 400
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 287
15:46:24 Q 4.05 -0.07 600
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 600
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 100
15:46:24 Q 4.05 -0.07 200
15:46:24 Q 4.05 -0.07 400
15:46:24 Q 4.05 -0.07 800
15:46:24 Q 4.05 -0.07 100
15:45:10 Q 4.02 -0.10 100
15:41:59 Q 4.02 -0.10 100
15:38:43 Q 4.0499 -0.0701 900
15:36:04 Q 4.06 -0.06 100
15:36:04 Q 4.06 -0.06 700
15:35:53 Q 4.05 -0.07 500
15:35:53 Q 4.05 -0.07 500
15:35:53 Q 4.06 -0.06 500
15:35:53 Q 4.06 -0.06 500
15:35:53 Q 4.06 -0.06 100
15:35:52 Q 4.05 -0.07 200
15:35:51 Q 4.037 -0.083 500
15:35:51 Q 4.037 -0.083 100
15:35:51 Q 4.03 -0.09 200
15:35:51 Q 4.04 -0.08 300
15:35:51 Q 4.04 -0.08 200
15:35:51 Q 4.04 -0.08 300
15:35:51 Q 4.04 -0.08 200
15:35:51 Q 4.04 -0.08 100
15:35:51 Q 4.04 -0.08 200
15:35:51 Q 4.04 -0.08 200
15:35:51 Q 4.04 -0.08 100
15:35:41 Q 4.05 -0.07 200
15:35:41 Q 4.0499 -0.0701 200
15:35:02 Q 4.00 -0.12 100
15:35:02 Q 4.00 -0.12 300
15:35:02 Q 4.00 -0.12 300
15:35:02 Q 4.00 -0.12 100
15:33:18 Q 4.00 -0.12 200
15:33:16 Q 4.00 -0.12 100
15:33:16 Q 4.00 -0.12 100
15:33:16 Q 4.00 -0.12 100
15:33:16 Q 4.00 -0.12 100
15:33:16 Q 4.00 -0.12 100
15:33:16 Q 4.00 -0.12 400
15:29:11 Q 3.95 -0.17 100
15:29:11 Q 3.95 -0.17 300
15:29:11 Q 3.95 -0.17 100
15:26:33 Q 3.9206 -0.1994 1,000
15:23:41 Q 3.95 -0.17 100
15:23:29 Q 3.95 -0.17 100
15:23:29 Q 3.95 -0.17 100
15:23:14 Q 3.95 -0.17 200
15:21:05 Q 3.95 -0.17 300
15:21:05 Q 3.95 -0.17 100
15:21:05 Q 3.96 -0.16 100
15:20:36 Q 3.95 -0.17 100
15:20:23 Q 4.00 -0.12 25
15:20:23 Q 4.00 -0.12 250
15:20:23 Q 4.00 -0.12 125
15:20:20 Q 4.00 -0.12 600
15:20:16 Q 4.00 -0.12 700
15:20:16 Q 4.00 -0.12 300
15:20:13 Q 4.00 -0.12 100
15:20:10 Q 4.00 -0.12 100
15:19:59 Q 4.00 -0.12 100
15:19:57 Q 4.00 -0.12 100
15:19:48 Q 4.00 -0.12 500
15:19:48 Q 4.00 -0.12 500
15:19:48 Q 4.00 -0.12 500
15:19:48 Q 4.00 -0.12 500
15:18:48 Q 4.00 -0.12 700
15:18:48 Q 4.00 -0.12 100
15:18:48 Q 4.00 -0.12 100
15:18:35 Q 4.00 -0.12 300
15:18:35 Q 4.00 -0.12 200
15:18:35 Q 4.00 -0.12 200
15:11:50 Q 4.01 -0.11 100
15:11:36 Q 4.02 -0.10 100
15:11:34 Q 4.00 -0.12 1,300
15:09:32 Q 4.00 -0.12 200
15:09:32 Q 4.00 -0.12 100
15:09:32 Q 4.00 -0.12 100
15:09:32 Q 4.01 -0.11 100
15:08:13 Q 4.03 -0.09 200
15:08:13 Q 4.03 -0.09 100
15:08:13 Q 4.03 -0.09 100
15:08:13 Q 4.03 -0.09 100
15:08:13 Q 4.00 -0.12 3,400
15:08:13 Q 4.00 -0.12 4,200
15:08:13 Q 4.00 -0.12 2,000
15:08:13 Q 4.01 -0.11 400
15:07:05 Q 4.01 -0.11 2,000
15:07:05 Q 4.01 -0.11 200
15:00:41 Q 4.0397 -0.0803 400
15:00:41 Q 4.0399 -0.0801 100
15:00:41 Q 4.04 -0.08 100
14:56:18 Q 4.02 -0.10 300
14:56:18 Q 4.03 -0.09 100
14:56:18 Q 4.03 -0.09 300
14:56:18 Q 4.03 -0.09 100
14:56:18 Q 4.03 -0.09 100
14:56:18 Q 4.02 -0.10 300
14:56:18 Q 4.02 -0.10 400
14:54:36 Q 4.0263 -0.0937 1,000
14:53:16 Q 4.0299 -0.0901 100
14:52:19 Q 4.02 -0.10 100
14:52:19 Q 4.02 -0.10 1,000
14:52:19 Q 4.02 -0.10 100
14:51:49 Q 4.02 -0.10 400
14:50:20 Q 4.03 -0.09 300
14:50:20 Q 4.02 -0.10 2,000
14:49:51 Q 4.02 -0.10 100
14:47:53 Q 4.02 -0.10 100
14:47:53 Q 4.0001 -0.1199 1,372
14:47:53 Q 4.0001 -0.1199 2,628
14:47:15 Q 4.00 -0.12 75
14:47:15 Q 4.01 -0.11 25
14:45:38 Q 4.0199 -0.1001 100
14:45:38 Q 4.0199 -0.1001 400
14:44:01 Q 4.01 -0.11 100
14:42:25 Q 4.02 -0.10 100
14:42:25 Q 4.02 -0.10 100
14:42:07 Q 4.02 -0.10 100
14:41:11 Q 4.02 -0.10 100
14:41:04 Q 4.0201 -0.0999 100
14:41:04 Q 4.0201 -0.0999 200
14:41:04 Q 4.0201 -0.0999 300
14:41:03 Q 4.0201 -0.0999 100
14:41:03 Q 4.0201 -0.0999 100
14:41:03 Q 4.0201 -0.0999 100
14:41:03 Q 4.02 -0.10 300
14:41:03 Q 4.02 -0.10 100
14:41:03 Q 4.02 -0.10 100
14:41:03 Q 4.02 -0.10 200
14:41:03 Q 4.02 -0.10 100
14:41:03 Q 4.02 -0.10 100
14:41:03 Q 4.03 -0.09 100
14:40:57 Q 4.02 -0.10 100
14:39:12 Q 4.02 -0.10 200
14:38:14 Q 4.02 -0.10 100
14:37:17 Q 4.02 -0.10 400
14:37:07 Q 4.02 -0.10 100
14:37:07 Q 4.03 -0.09 100
14:35:27 Q 4.0364 -0.0836 200
14:34:53 Q 4.02 -0.10 300
14:34:53 Q 4.02 -0.10 300
14:34:53 Q 4.02 -0.10 400
14:33:18 Q 4.03 -0.09 50
14:33:18 Q 4.03 -0.09 250
14:32:46 Q 4.02 -0.10 300
14:26:49 Q 4.0399 -0.0801 120
14:26:49 Q 4.0399 -0.0801 300
14:26:49 Q 4.0399 -0.0801 100
14:26:49 Q 4.0399 -0.0801 100
14:26:49 Q 4.0399 -0.0801 200
14:26:49 Q 4.05 -0.07 300
14:26:49 Q 4.05 -0.07 200
14:26:49 Q 4.05 -0.07 100
14:26:49 Q 4.05 -0.07 100
14:26:49 Q 4.0399 -0.0801 100
14:26:49 Q 4.0399 -0.0801 80
14:26:49 Q 4.05 -0.07 200
14:26:49 Q 4.05 -0.07 200
14:26:49 Q 4.05 -0.07 100
14:26:49 Q 4.04 -0.08 80
14:26:49 Q 4.04 -0.08 100
14:25:26 Q 4.0499 -0.0701 1,000
14:25:11 Q 4.03 -0.09 100
14:24:13 Q 4.02 -0.10 100
14:22:26 Q 4.02 -0.10 100
14:20:00 Q 4.03 -0.09 200
14:19:09 Q 4.03 -0.09 510
14:15:56 Q 4.05 -0.07 150
14:14:12 Q 4.02 -0.10 100
14:13:23 Q 4.02 -0.10 1,000
14:11:17 Q 4.04 -0.08 100
14:11:17 Q 4.04 -0.08 500
14:11:17 Q 4.04 -0.08 1,000
14:09:28 Q 4.04 -0.08 90
14:08:20 Q 4.06 -0.06 200
14:08:18 Q 4.06 -0.06 1,800
14:04:31 Q 4.065 -0.055 100
14:04:14 Q 4.06 -0.06 100
14:03:52 Q 4.065 -0.055 100
14:03:48 Q 4.065 -0.055 100
14:03:48 Q 4.065 -0.055 100
14:03:48 Q 4.065 -0.055 300
14:03:48 Q 4.065 -0.055 500
14:03:48 Q 4.065 -0.055 200
14:03:48 Q 4.065 -0.055 100
14:03:48 Q 4.065 -0.055 400
14:03:48 Q 4.065 -0.055 100
14:03:48 Q 4.065 -0.055 100
14:01:04 Q 4.065 -0.055 400
14:01:04 Q 4.065 -0.055 400
14:01:04 Q 4.065 -0.055 280
14:00:55 Q 4.0684 -0.0516 500
14:00:21 Q 4.065 -0.055 100
14:00:10 Q 4.065 -0.055 100
14:00:10 Q 4.07 -0.05 10
14:00:10 Q 4.07 -0.05 100
14:00:10 Q 4.07 -0.05 100
14:00:10 Q 4.07 -0.05 290
14:00:10 Q 4.065 -0.055 1,50
Check out this market order for 11k a few minutes ago. Shorts at work to test the waters and break the $4.00 level. IMO
Time X Price Chg Vol
15:09:32 Q 4.00 -0.12 200
15:09:32 Q 4.00 -0.12 100
15:09:32 Q 4.00 -0.12 100
15:09:32 Q 4.01 -0.11 100
15:08:13 Q 4.03 -0.09 200
15:08:13 Q 4.03 -0.09 100
15:08:13 Q 4.03 -0.09 100
15:08:13 Q 4.03 -0.09 100
15:08:13 Q 4.00 -0.12 3,400
15:08:13 Q 4.00 -0.12 4,200
15:08:13 Q 4.00 -0.12 2,000
15:08:13 Q 4.01 -0.11 400
15:07:05 Q 4.01 -0.11 2000
Shorts are active. They have thrown numerous market orders at the bid side during the day and the shares just keep getting bought. Just for the record, the shorts will do what they do and ANY will do fine based on the company's fundamentals. IMO
No offense but you are a dreamer. You sound like a short who is trying to be nice. IMO
Shorts are very active and are putting up a fight again today, No surprise there. IMO
Well said. Your comment as follows is of particular interest.
"Lack of news brings out the "see, nothing happening it's a scam boo birds". That's who has been in control for the last few months. But I firmly believe yesterday began a bright new era for the share price. "
This is indeed a dangerous time to be short at these price levels with lots of news pending. IMO
The shorts will fight until they can't anymore or decide or are forced to cover due to more news, improving fundamentals, or buyers who are bigger than they are and force their hand. I expect to see more news sooner than later so time will tell where the shorts go from here, Definitely getting risky here to be short, especially at these price levels. IMO
You do not know if the shorts have won this battle as we still do not know what amount of shares they are still short. If they are still short to the tune of 3 million plus shares the risk is till very much in play if they have not covered. If they have covered I would bet they have broken even at best when you factor in the costs of borrowing shares and margin, and paying for hit articles,etc. I personally don't believe they have covered as they were very active yesterday with their trading as they definitely tried to keep the share price below $4.00 to discredit the news. At the end of the day ANY's fundamentals are what is most important going forward and they look very strong to me. The other point I would make is that this no longer a CDN play as US investors take on a more prominent role. Your advice to the shorts to establish a long position is interesting although I don't think it would be as easy as you think or make it out to be. IMO
There are buyers and have been buyers competing with the shorts and the sellers who couldn't take it any more over the last several weeks since we moved from the $6.00 level on January 9th. It has not been easy for the longs at all, but the most important fact is that ANY continues to deliver solid fundamentals. I expect lots of more good news on a regular basis for ANY. The shorts are hititng bids as we speak and I expect they will do their best to close the share price below $4.00 today and try to discredit the news. A leopard does not change its spots and these guys are still short big time. At the end of the day they eventually have to cover. Keep up the good fight because they can't influence the gret things that ANY is accomplishing. IMO