Sphere 3D Corp. (ANY)

[Hugodrax]

There are a couple of simpler explanations for PT resigning from Northern Sphere. IMHO.

That company has the same address as Sheldon's office, and Sheldon is on the board. It's possible he and PT simply had a falling out over ANY, if Sheldon stayed on as a bagholder to the end. He certainly represented as much to the secret Twitter group.

What I suspect is more likely is a securities issue. Under OSC regulations if someone is a director or officer of a company that files for bankruptcy, it has to be disclosed for years in the filings of other companies in which that person was involved (eg in a prospectus). It's possible IMHO he rolled off so if ANY files then that company won't be directly tarnished. Just a guess.

Seems too coincidental that right as ANY runs out of cash and Cyrus starts to go bananas that he steps off this other board. He is one of the largest shareholders in that entity and board work at a microcap minor is a minimal time commitment.

Another explanation is that PT wants to raise money for that entity and wants to avoid related party disclosures on his fees, like with ANY.

Just some guesses. Could be he is just stressed.