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That's the part I fail to comprehend , the "end" took place after she broke 25 bucks, i.e penny status pre reverse split.The fat lady has already sung for this puppy.
yup, almost back up to SIXTEEN CENTS. :)
Hence the ballyhoo over the grand merger with OVRL a few years back.It masked Sphere's Glassware sales figures,essentially zero.Pumpers loved it,added new hype,albeit short lived.
The TSX delisting and Cusip change was a well thought out plan.. The SEC is too busy to investigate a "Canadian" company,the TSX is too busy to investigate a Nasdaq listed company..LOL
You can almost smell another financing around three bucks with warrants in the offing.These crooks sell ahead in the open market ,only to "cover" in the secondary offering.Thats trading with inside info.SEC anyone?
too late,nothing comes of flogging a dead horse.How long before longs realise they are on the deck of the Titanic?
New lows in the offing,back to penny status next year..
IMHO
Some of these clowns are still around,witness the frequent pump and dumps in share price.
Same rogues running the ship,same liquidity crisis,further dilution, yet some believe this could still become a force greater than a mere dead cat bounce.Their prerogative, their money,but why are they so pizzed off at us?
From $275 to $2.80 and YOU are the one splitting hair Brooklyn.We realize you are a new player at $4.50, good luck,hope it goes to $6 $16 $60,that will still translate into fortunes lost for many investors,Hugo and Derek are empathising with these folks, not you..Some junior promoters walked away with six figure profits,imagine how much the big guys absconded with?
Derek talked a lot of investors into selling their stock,locking in profits,or avoiding financial ruin,I was seriously considering re entering the stock around two bucks(that's FIFTY for new comers)one phone call and he convinced me what a folly that would be, thank you Derek..
Thank you Henjo,Everytime I even considered bottom fishing,your sage words would talk me out of it...At least to date,crime did pay as frauds and their pumping cousins walked away with bucketloads .Looks like the company is having a tough time raising equity even at 50 cents.Maybe the fat lady is about to get on stage.
The takeout will eventually happen at a new record price for Spiffy shares.In the interim,the company will need to do a (modestly dilutive) secondary offering at 50cents a share with five year warrants.
IMHO
Not a single bull left,even former promoters have recanted.HMMMM.
Next on the agenda,world peace,AMEN.
Jeepster.
Scam or hype or a combination of both,call it whatever.Some of us saw it coming a long long time ago.(Even missed the rocket launch from 6 to 11,some shorts did get squeezed).Smart/shrewed cashed their winnings during this spike up. Others saw the light only their after losses continued to mount.My feeling is some on this board drank the kool aid based on the BS fed by insiders themselves.
The OVRL merger was MY "turning point",than the Cusip change and TSX delisting.Throw in the hoopla over MSFT/Azure as Share prices continued to tank,and the astute knew what lay ahead.Thank you Derek and Hugo,your pinpoint critique confirmed my suspicions.
Today,sphere market cap equals debt outstanding.I think there are still a few cards left to play,reverse split,another bail out at 50 cents,one last ditch attempt from creditors to avoid a total wipe out.WE WILL NEVER SEE A DOUBLE FROM 65 CENTS.THIS COULD BE THE LAST AGM,more than likely be much lower next year.
Even the pumps have left,moot point for us sticking around.
Chow/CIAO/ADIOS
Jeepster(former bond trader).
AGM will be a waste of time.The boys of Company C are masters at dodging and weaving.There is not even a news release as to date and Venue.I would sacrifice my time and $20 parking for a Toronto get together;simply not worth the hassle for a out of town meet short for the nostalgia value,this jolly well could be the last AGM for the once disruptive game changer of the internet.
It ended up being the stock "short"pick of the decade.Even after 40% borrowing fees.
Most have left as there is nothing left to debate.Stock is at 70 cents.Naked shorters?Really?.That was the whole reasoning for the Cusip change and TSX delisting.Great foresight from management.You keep blaming everyone but yourself for losses incurred.Pity.I am all for a thorough investigation, purely for retribution as the guilty should be punished.Just don't expect to recover any money.
What did Larry Orecklin have to say re Msft's "partnership" with Sphere?This was hyped up on chat boards as validation of GW's disruptive nature..
I would be interested in hearing from former believers like Streamingeagle and JFM as to at what point did their obsession in Spiffy start to waiver.
Feeling left out?lol.Long ago I warned the pumpers would be gone.They have now left the building.Some former touts have recanted,and that's good enough for me.We are back at 65 cents.If the agm is in T.O ,perhaps we could all meet for a glass of kool aid .Bulls, Bears and all.
And I say we "could" see five bucks, after the upcoming reverse split.
free country, wait as long as you would like to.Those who refused to "wait " the past twelve months saved themselves a fair amount of money.
Shorts "covered" at 2 bucks,the company fascilitated the transaction,short interest is down.Upside "damage" to shorties is restricted to $2.50 for the next five years..
DoYourDDLikeMe
lol,sure henjo,as if a penny in the green or red makes a world of difference.
Thank you Donk and DYDD,Rome indeed was not built in two and a half years.Who knows where Sphere will be mid 2018.Can we see the beginings of the next internet giant?
Does that include the naked,undeclared,illegal shorts that inspired the Cusip change and delisting from the TSX?
LOL Common,not too many investors get to endure margin calls on the same stock long as well as short...I believe Hugo was busy this afternoon shorting them $1.50s...
Shorts keep getting"filled" according to short positions report.Management itself filled half the short position plus free five year warrants at 2.50 for the balance.
Never sell in panic at the "lows",await and hope for a dead cat bounce.As smart longs did at 8.5,and 3 bucks.IMO,whether one sticks it out hoping for a pop,or see it trade sub a dollar,is a trading decision..Just getting sick and tired of posters telling what a great long term investment this is(.Or will be).
The same fate awaits the may and august options ,unless
Msft starts promoting gw,
Non legacy sales running at 140 million annualized rate,
Bidding war.
100.01 %
Moonshot me laddie..Beginings of the perfect storm.The day that will last in infamy for the pathetic shorties.Villa in Spain to go with the Ferrari.
Perhaps feb 9 will mark the begining of the rally of historic proportions..Shorts will be forced to cover.
XXII will perform better than the "other" newsletter pick..imo
As the stock trades back at multi year lows? Why no buyout from Vulture funds? Why no bullish reports from major wall street firms like Credit Suisse? (remember the hype?) Why constant dilution at lower and lower prices?..
All I need to know about Azure is they have 3000 "partners"..Membership with does not assure success..
And as an investor, you should know that..
"few hundred million" equals four dollars a share by my 1968 Grade eight mathematics.
Hugo, the last "bailout" was from the known short ..Obviously a lender of "last resort" for the company..Next round of financing will be even cheaper,IMO..
"markets will always return from correction"
It did, from a buck to ten bucks ,it "returned" back to a dollar and change..
So by your reckoning,4 dollars a share in a forced buyout,the sky is the limit if GW takes off on Azure..
Yourselves and Redwing better be tripling down on those cheap call options..
Good luck with your sixteen bagger.May I suggest some long dated $2.50 and $5 calls for added firework.
And lets not forget..
"Killer of the Apple tollbooth"
Msft needs us more than we need Msft".
"Embedded inside Dell servers"
"Google Chrome", "HP".
"The company turned down $23/share".
"they are paid schills with a hidden agenda"
Todays five dollar targets appear just as silly and outrageous as ones of yesteryears.
Beg to differ Common,,
The WORST market call ever was made when Spiffy was trading in double digits and touts were calling for triple digit buyouts.80 cents or three bucks from this level is an irrelevant discussion,IMO.