Sphere 3D Corp. (ANY)

[Orion Nebula]

I received my shareholder booklet today for the AGM. After the AGM meeting, the authorized shares will likely be around 50MM because of the new incentive compensation and employee stock purchase plans on the agenda for approval. So that new total will make every $ billion worth $20 once they burn through the authorized amount. No idea how long that may take but each executive is limited to 2,000,000 shares per fiscal year so maybe not too long.

I view this as okay as long as performance follows. Also, these new comp plans may be a way for the executives to position themselves for a buyout should one occur because most of the directors do not have a great number of shares, which is a little surprising. Many people in this chat room have more common shares than 4 of the 7 nominees to be directors and several people here have more than 5 of the 7 nominees. A few of the nominees have some options in their pocket too so there is more involved than just the common shares. But still a little surprising.

Even at 50 MM shares this is a low float stock and those new shares will go into strong hands. But I hope that is it for awhile as a 20% increase in authorized shares on top of the recent added shares for about $5 million in capital is enough for me until I see some revenue. There are plenty of hints the revenue is on the way. The $160 million figure was more than a hint. And if they are doing it because they sense a buyout might be around the corner...well if the price is right we may all be happy.