Sphere 3D Corp. (ANY)

[Orion Nebula]

Really appreciate James K 101 points in the comments section after the SA article. Especially regarding naked shorts. Kuebiko tried to make it sound as if shorting is agnostic to an exchange but James straightened him out on the fact there are different types of shorting and naked is not agnostic.

Pride is the only reason I can think of that Sphere would not delist. Nationalistic pride of having a Canadian company listed on a Canadian exchange may have some appeal to the company. As I see it the company is Canadian regardless of the exchange but I may underestimate the way Canadians feel about it. But I ask: Aside from waving the Red Maple leaf what is it really doing? It surely is not maximizing shareholder value, which is a central tenant of effective management.

Case in point: Several American companies are loathe to repatriate their earnings due to the U.S. tax structure. Shareholders likely benefit from this as it would tend to keep the stock price higher when dollars remain in company coffers instead of being paid to the Government. Some may view these companies as unpatriotic; others as maximizing shareholder value with a possibility of reforming the tax structure.

Sphere is a promising company. In a roundabout way I believe they can send the Canadian regulatory authorities a message: Reform the corruption on our exchanges or risk losing these promising small companies who are at peril from rampant manipulation. As I see it that is a patriotic stance that, if heeded and implemented by regulatory authorities, will greatly benefit the typical shareholder in Canada.

So as I see it, Sphere should DELIST from the Canadian exchange which will further management's core responsibility to maximize shareholder value. To my knowledge there has been no response to any of our emails but I think we need to keep this front and center. Delisting is not a trivial matter but neither is a share price that is under attack by a HF that made a bad bet. Right now we are paying the price of the bad bet but management can change that.