Sphere 3D Corp. (ANY): It's pretty simple. The company burns $...

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Re: UserNT post# 43545

Thursday, 11/24/2016 8:00:38 AM

Thursday, November 24, 2016 8:00:38 AM

It's pretty simple. The company burns $5M per quarter +/- They had $5M at Sep 30. The quarter ends in 5 weeks.

Also the Cyrus bailout starts amortizing soon.

They need cash and fast.

This is a fact. Even the company acknowledges it.

They won't find a lender dumber than Opus so if they do get that $25M it will be expensive and most of it will be used to pay off other debt.

I don't think the company survives 2017.

#TimeStamp

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Caller: But why did you back away from your prior guidance?

Eric Kelly: I am sorry? Hello?

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