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I have to LOL!!! Another post suggesting that this is Sphere? Really? What's next, suggesting that IBM, Oracle, and Salesforce are really just rebranded Sphere solutions?
The Workspot solution was created by the former CTO's of VMware and Citrix that developed their respective companies' VDI solutions. They call Workspot VDI 2.0, the next generation in delivering Virtual Desktop Infrastructure. It is a management plane solution that works with Citrix and VMware and can run on Amazon AWS or Azure.
I know Amitabh Sinha, the CEO and co-founder about the tech. Happy to give you an introduction if you wish to speak to him and learn more.
PS Glassware is a remote app solution. It is not VDI. Please learn the difference.
And thank you for proving my point. The link from DELL has absolutely NOTHING TO DO WITH SPHERE.
I could TOS the post and have it removed but I think it is important to leave it up so people can see how the ANY promotion works. DELL does not sell any products that include software or hardware from Sphere, and never have. Yet, here we another post implying it does.
And people wonder why the stock went from pennies to $11 and is now back to pennies.
I gotta laugh. The suggestion that "institutions" are loading up on this is amusing to say the least. The phrase "institutions" implies to retail investors that the "big boys" are getting into the action, so they better hurry and catch the next run up in the ANY share price. Does this sound familiar? It should as it has played out with this stock before.
Remember the big run up after the VMware announcement? You know the one that had Glassware and DCO embedded in VMware Horizon. The stock price popped about 75% and "institutions" were loading up then too. What happened? Splat.
The only institutions on the band wagon are Cyrus and Opus, and we know what happened to the team at Opus that invested in Sphere. They got shut down.
All aboard!!! After all, what do you have to lose?
I can't see why retail investors would care that the company was borrowing money at a real rate of 25-30% and not 8%, while at the same time being told that a $160 million run rate was in the cards. And as we now know, the company management knew that Glassware was not even close to being a production ready product.
Very puzzling......
And Hugo has been spot on every single time. Perhaps you haven't been reading the regulatory filings and financial reports, but each time Hugo has called it, Sphere has performed some desperation financing. And each time, it has provided the lender with incredibly favourable terms that place their interests ahead of retail investors, and substantially dilutes the equity of retail shareholders.
And let's not forget that in several cases, the terms were redacted or not fully released until several quarters after the fact, thus hiding the bad news from retail investors. And at the same time, the company was painting a rosy picture about the company's health and prospects.
Kudos to Hugo for the good work.
Hmmm, yet you bought Sphere shares.......
Oh boy, Coma taking on Hugo.
There will be blood
Thanks, but have you considered the endless string of meaningless PR, the $40 million goal letter, and false tweet from Bookman that "Glassware and DCO are within VMware Horizon" (that he had to delete) and the inevitable rise in share price followed by massive drop after each and every single PR or promo event?
Each of these announcements caused the share price to pop from 50-100%, before falling to a new low. Only to be repeated. Please have look at the share price chart and the dates of all the PR. Very interesting correlation.
Just a tech guy trying to understand how the financial markets work so appreciate your expert help. Thanks
It is a very simple process to do a patent search on the US Patent Office web site. Quite frankly, I am surprised that anyone invested in the company without first investigation the patents and claims to patented technology.
Sphere claimed in 2014 that they had "patented technology". These claims ere made specifically by founder and CTO John Morelli at the Cantech Investor Conference held in Toronto Feb 2014. The claims was also supported by statements made by Peter Tassiopoulos in July 2014 during a television interview with BNN, a business news TV show based out of Toronto.
At the time, Sphere had no patented technology. All the company had was "patent applications" many of which were duplicates filed in both Canada and the US. Please note that patent applications are markedly different than patented IP. This major difference has profound implications for investors.
Further, in its MD&A report dated Dec 31, 2013., Sphere claimed to have approximately a half dozen patent applications that covered what is known as the DCO tech from V3 Systems. Yet, Sphere did not acquire the V3 assets, including the DCO IP until late March 2014.
How is it possible that the founders, including the CTO and CEO, did not know the difference between "patent applied" and "Patented" technology, or filed an MD&A report with the OSC that specifically listed ownership of patent apps covering IP that they had yet to acquire?
I'm sure there is a simple explanation.
Pump and Dump? Why would you call this a Pump and Dump?
Did management spin a tale that was completely unbelievable and 100% false about Glassware? Or were they just simply incompetent? Surely they wouldn't make claims that were false.
It's hard to tell looking at the company from the outside. Appreciate thoughts on this question from all.
A cynic might suggest it started in 2013
Well, good luck with that.
"Things will change"
For once, we agree. The share price will continue its slide to zero.
Sphere likes to compare themselves to Nutanix, another company in the hyper converged VDI appliance space. Founded in 2008, they just released their quarterly financials. It's interesting to note that Sphere execs Keely and Tassiopoulos spoke of some POC's (again) and some clients possibly moving to production, and the usual revenue declines, Nutanix was delivering these results. Oh, they hired 159 sales and marketing people in the quarter, up from 74 in the prior quarter and 115 in the quarter before that.
Compare to the promises of Sphere, and the results delivered by Nutanix.
Q1 FY 2017 Financial Highlights:
Revenue: $166.8 million, growing 90.1% year-over-year from $87.8 million in the first quarter of fiscal 2016
Billings: $239.8 million, growing 86.9% year-over-year from $128.3 million in the first quarter of fiscal 2016
Cash and Short-term investments: $347.1 million, up 154.9% from the first quarter of fiscal 2016
Deferred Revenue: $375.4 million, up 160.5% from the first quarter of fiscal 2016
Recent Company Highlights
Customer growth:
Nutanix ended the first quarter of fiscal 2017 with a total of 4,473 end-customers, adding a total of 705 end-customers during the quarter.
Large deals increasing: Large end-customers continue to invest in Nutanix, with cumulative end-customers with lifetime bookings over $1 million growing to 256 in the quarter.
.
Once again named a Leader in Gartner’s Magic Quadrant:
Hosted 1,200+ Attendees at .NEXT Europe: The inaugural .NEXT Conference Europe, held in Vienna, Austria, marked the company's second largest user event in its history.
Renewed Dell OEM Agreement: Signed an extension to the Dell OEM Agreement, which now runs through June 2021, providing Dell/EMC sellers and channel partners with uninterrupted access to Nutanix software on Dell hardware.
Initial Public Offering: Completed its initial public offering, becoming listed on the NASDAQ Stock Exchange on September 30, 2016 and selling 17.1 million shares at $16 per share.
PS They are still losing money hand over fist.
Hey, my ticker feed is not working. Did ANY hit a buck yet?
Is that the new ANY math? BS short theory equals lots of revenue?
Yes, it will be. It will change the financial security of hundreds of naive, trusting retirees.
And perhaps you noticed that is from over year a ago.
Sphere has had 14 months of rocking sales results since then, right. Pathetic
Too funny! I guess we know who wrote this: "Liquidware Labs always offers great aligning conversations."
Aligning conversations? Well gosh darn, that has to be worth $millions in quarterly revenue. Keep trying guys.
Well, thank you. But will we get the blame when ANY augers in once again?
This is exactly why Sphere popped to $11 and cratered into penny stock-land. Unsubstantiated hype.
You might recall that in 2014, Bookman tweeted and posted on this board about the partnership with Liquidware Labs. Well, not surprisingly, that was news to the exec team at Liquidware Labs. See, I know them. in fact, was introduced by Michael Keen before Sphere3D was a "thing'
And yet, here we go again. Trying to tie another vendor's product to Sphere because of the naming convention. Wow, what's next, any company that uses English language or any of the 26 letters in the alphabet in their name must be using Sphere solutions.
Desperate times.
PS If you think I am making this up, suggest you drop a note to the LL founders and ask them.
No more questions so ended the call. Is that part of the standard playbook for these types of company. How many people on this board have waited in the call queue to ask Sphere a question to hear the operator say "w have no more questions, and goodnight"??
Canadian Venture ? Another rebirth of a failed penny mining stock perhaps?
He hasn't been wrong yet. I have followed his posts on ANY since say one. His financial analysis is spot on. When has has stated they are out of cash, the invariable result is that Sphere executes some sort of financing at punitive terms almost immediately thereafter. And each time it results in additional equity dilution for shareholders.
But, perhaps I missed a post or two. I am sure that you can come up with specific instances where he has lied, and be able to share this with the board.
When can we expect to see those from you?
Hugo hasn't been wrong yet.
Please don't confuse facts and details of last gasp financing with the hopium of long investors.
What I find remarkable is that investors maintain optimism about this company. Especially since every quarter their investment gets diluted because of additional punitive financings to keep the doors open. And of course, the never ending gifts of stock to the executive team responsible for this disaster.
Drop me a private note with your email
Yeah, that's it. You know what's needed? Another post from the Gorilla telling everyone how the company is executing, cutting costs, working on POC's, trying to raise capital, and of course, continuing to see strong demand (1). And lets not forget some new partner status with some vendor or another.
In fact, Gorilla should be able to do this by simply dusting off one of his old posts, and changing the date.
(1) Either this company is overstating demand or they can't close. We have heard about a "chaos of success" since 2014. Yet, nothing ever seems to hit the bottom line. Any ideas why?
Only $11? Why so pessimistic?
Woo Hoo! More tape storage. Yeah!!
Ok guys, please allow me to clarify a few important points so you understand what this is about:
1/ Companies update products all the time with incremental improvements. This is typical of such updates
2/ BIG data has nothing to do with storage. BIG data is analytics, not storage. If a PR person wants to improve clicks, they drop in key buzz words. Like Big Data.
3/ Tape storage is used for backup and recovery. With the low cost of Amazon and Azure storage, and the ability to automatically "set it and forget it" a business can pay for what they use, as they use it. And they can select multiple storage locations for multi-level redundancy. Cheaper, faster, more reliable, safer. Thus tape storage companies such as Overland are quickly dying on the vine.
Glassware was announced ready in Feb 2014. 20,000 Overland partners. Microsoft has 500,00, VMware had 100,000 partners. Where are the client references?
Which observation might that be? More fluff about Microsoft? Check their web site, speak to Microsoft staff or try working in the industry for 25 years.
Duped again? Check the previous BIG announcements. Has any one of them come to pass? If the company is so HOT explain the declining revenue, lack of Glassware sales or clients after THREE YEARS OF HYPE, and massive losses and debt.
Oh, c'mon, man. That's standard Microsoft partner fare. When will you guys learn?
What happened to all that Microsoft related revenue? What happened to all those Microsoft clients that were coming to the MTC events? What happened to the thousands of Microsoft sales reps and partners that would be selling Glassware.
Give your head a shake. Wake up and smell the coffee. You've been duped. Again
Remember pal. 16/60/600
Some never learn
I asked many times how people could get sucked in by the message promoted by Sphere and its exec team. Then I watched Tuesdays election results and it all became clear.
Take your questions? Not a chance
Before the upcoming quarterly call, Sphere investors need to know this information, and be prepared to ask Sphere management some questions"
1/ Peter Tassiopoulos claimed he had 100,000 original founders shares purchased at half a cent each. This was his full equity position. Now we learn they were only options yet he voted his shares? How does management address this issue?
2/ Sphere paid Promotion Depot $650k for the Glassware IP, and gave Morelli and Biasini each several million shares. Promotion Depot, owned by Biasini and Morelli, received several million shares. What are the present holdings?
3/ Other individuals, including Tassiopoulos' wife split several million shares. She was listed as having 400,000 shares, which were registered using her maiden name (which is an odd circumstance). Why were these shares not listed under PT control and why if they have been sold were they not reported?
Lets start a list of questions to ask Sphere management on the upcoming quarterly call. Heres some samples for consideration:
1/ How many founders shares did Peter Tassiopoulos have and how many does he have now, and how many has he sold?
2/ Why are Eric and Kurt selling ?
3/ Has Microsoft delivered any sales reports for Glassware on Azure? What are the results and revenue?
Thanks for sharing.
Ok, lets start a pool for the number of times they say something along the lines of "we are ramping up" and "we have lots of POCs" and "we see our cost cutting and focus on efficiency starting to deliver results"
And what are the odds that they 1/ take any calls from real third party analysts and 2/ have technical issues with the telephone....again.
Winning the pool might be the only way remaining investors will ever make money on their Sphere investment.
I have a serious question for the members of this board: why do they call the Sphere quarterly calls an "earnings" call?
There haven't been earnings in over 8 years!