Sphere 3D Corp. (ANY)

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Jerome Hass - Scroll forward to 4:45

http://www.bnn.ca/News/2014/06/18/Jerome-Hass-top-picks-LONG-Counsel-Corp-Pair-Trade-LONG-Pilgrims-Pride-SHORT-Tyson-Foods-SHORT-Sphere-3D-.aspx

SHORT - Sphere 3D (ANY.V 8.34 -0.16 -1.88%) - We increased our short position on Sphere 3D at $9.30 on May 6
We have been following this name from its pre-IPO days in the autumn of 2012. It has been on the cusp of a deal with Corel since then, but no significant products sales have been made with Corel or any other major customer to date. This is a technology company that has benefited from the hype associated with anything ‘mobile cloud’ related. Their ‘virtualization technology’ is supposed to enable access to fully-featured applications from any mobile device. Unfortunately, customers have not been buying the product. We fail to see how a company that earned zero revenues in 2013 can justify a $200 million valuation. Moreover, its merger with related-party Overland Storage (OVRL.O 3.81 -0.06 -1.55%) is a ‘perplexing’ transaction in many respects.