Sphere 3D Corp. (ANY)

[donkschmonk]

Read here why Sphere 3D "killed" the goal:

Let's actually leave speculation and frustration behind us for a second and actually READ the specific rule of the Ontario Security Commission (OSC) regarding Forward Looking Information (FLI) that Sphere cited in its SEDAR filing for the reason to withdraw its goal (credit to falon for finding and copying the relevant excerpt from the filing mentioning the rule). So now, let's look at how reasonable or unreasonable that rule 51-721 really is!:

Ontario Securities Commission
OSC Staff Notice 51-721
Forward-Looking Information Disclosure


FLI should provide valuable insight about a reporting issuer's business and how that reporting issuer intends to attain its corporate objectives and targets. Clear, specific and relevant information allows investors to better understand the performance of a reporting issuer, enabling investors to make effective and efficient decisions in the capital markets.

Disclosure of specific relevant material factors or assumptions including material risk factors underlying the FLI is necessary for investors to understand how actual results may vary from FLI.

Material factors and assumptions must be:

• reasonable

• supportable

• entity-specific

• tied to FLI

• disclosed


Seriously?? No, we do NOT want Sphere 3D to disclose all the above! It is a plainly ridiculous requirement!

Not only to partners and how much business you expect from them, your plans with them, but also to provide that info to competitors AND the shorts who have shown only to eager to want to aide their cause by contacting partners and/or clients? NO, thank you! That goal comes at a little bit of a too high price!