Sphere 3D Corp. (ANY)

[Hugodrax]

Ugh. ANOTHER Form 144 (intention to sell) was filed by an insider last night. I can't pull it up on my phone but rest assured I will pull it up later and let you know.

Interesting that the last ones had expected trade dates in October, yet I've seen no filings on SEDI yet for actual transactions.

Also odd as one would think they are in a blackout period until Q3 "earnings" (lol) come out.

But the insider filings on ANY have been jacked up for years.

Heck turns out now Peter T apparently never owned a single share. Just amended his filing to show they were options, even though they were included in the proxy filings etc as shares. A securities regulator might rightly ask how one votes shares that do not exist. My interpretation, speculation, and opinion only.

But none of that matters if they are hitting a cash wall which I estimate they hit this week. Usually companies on the brink can stretch things out a bit so maybe they can skate through the next week or two in my estimation.

Looks like the coming CC will be the most critical ever. If they can't tell investors in 10 days or so that they have cash to survive could be game over IMHO.

Having said that I track other storage vendors like QTM and Q3 had a decent quarter for the storage market so the Overland/Tandberg/RDX business may have a bit of an upswing with the overall storage market. Of course the lump in virtualization so you won't know what products are driving it. A slap in the face to investors IMHO to lump GW and V3 in with storage.

Looking forward to seeing another awful quarter, huge burn, and hearing about "proof of concepts" (lol)

Market cap is like $18M now. But with almost $50M in high cost debt now I think it's pretty much stick a fork in it time unless the cat as a 10th life to drag on a bit.

They probably can't even downsize cost-effectively outside a Chapter 11 IMHO as they likely inherited the successor employee obligations from Tandberg and OVRL so the severance costs of firing employees will be enormous IMHO. Of course EK has a massive package as well (that's what she said, oh snap).

Let's see what these masters of execution have cooked up for Q3 earnings.

Th one saving grace IMHO is that Cyrus may not want to write off their debt in 2016. Maybe they dribble in another $2.5M to let them skate to January and eat the loss then?

I hope they let people ask Qs on the call. Even Gorilla may be foamy about the mouth by now.