Sphere 3D Corp. (ANY): On my math they are out of money....

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Re: Charvey post# 43423

Wednesday, 11/02/2016 2:18:48 PM

Wednesday, November 02, 2016 2:18:48 PM

On my math they are out of money.

To be honest a Chapter 11 or even 7 wouldn't surprise me. They need liquidity FAST (IMHO) and are drowning in debt.

Unfortunately if they are even selling some assets like RDX they will have almost no leverage as a desperate penny stock on the brink. And Opus may grab the proceeds.

IMHO and speculation.

Feel bad for honest longs, most of which are probably decent people.

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