Sphere 3D Corp. (ANY)

[macnqueso]

yep... an increase of 340K additional shares with warrants... and the raise went from 4.1 mil to 5.2 mil... still modest dilution in my opinion... but more than we were initially told it was going to be...

for me the interesting question is why do a small, bridge-type, financing at all... why not put the cash issue to bed for awhile with a larger raise? here are a few possible answers...

1) management just wants to string retail investors a long, keep their hopes up, and bleed them dry with small raises along the way mixed with empty promises...

2) management anticipates higher pps and will do a more substantial raise at higher prices...

3) management plans to do a raise or partnership of some sort with a partner or highly regarded funder to raise not only cash, but also the company's profile...

4) management believes cash flow is ramping such that additional raises will not likely be needed and this will be enough to get over the final hump before the company becomes profitable...