Sphere 3D Corp (ANY)

[donkschmonk]

Nice, funny try. What you are conveniently ignoring are (intentionally obviously since you do seem to pay attention) are three key facts:

1) A ramp up in sales, which would reduce cash burn significantly, or, if it is anywhere near to the revenue growth guidance they recently issued turn cash burn into cash flow break even or positive. It would take far less for that than the revenue ramp up goal they gave.

2) Further reduced expenses as they already stated they were successfully focussing on, with being significantly ahead of plan as they repeatedly stated. Sure you read that too.

3) Even if funds are needed, Cyrus as a major shareholer and backer for sure would, same as they have done before, not allow them to raise equity at anywhere near these rediculous prices. They already provided Sphere with debt instead of raising equity at times of double the share price! to not let that happen. All it would take (again if funds are needed) to increase the already granted credit line until above kicks in. Not only logical, but history serves as evidence.

Anyway, nice but funny try. Well timed though obviously for today. Thank you, but no thank you.