Sphere 3D Corp. (ANY)

[Hugodrax]

So the company is looking for $25M to refi debt - that must mean they are, or expect to be (IMHO and speculation) in default of the Opus loans and OPB wants out. Add the $2.5M due to Cyrus in January and even if they got the full $25M that would leave much left over for operations - maybe enough to get them to March.

Nearly $50M in debt, burning $5M per quarter and still shrinking. Yowza.

Even 10 cents is a gift at this point IMHO.

Appears almost as though the plan is to string along and milk salaries and stock comp as long as possible? $2.7M per Q in stock comp on a $27M market cap company. Throw in the Cyrus interest paid in stock and it seems like baggies are getting diluted about 5% a month here.

One question on the CC LOL! I can assure you others were in the queue.

Just enough fluff about "Microsoft" and "proof of concept" to string people along for another quarter.

When was the last time these guys delivered on ANYthing? Serious question.

IMHO....