Sphere 3D Corp. (ANY)

[Hugodrax]

>>>Hugo (estimation expert), why ANY still around $0.3 and not $0.0003?<<<

My speculation is for the same reason SUNEQ is $0.10 and not $0.0003.

SUNEQ has already filed for bankruptcy, and even the judge said it is hopeless for shareholders. However there are literally hundreds of bagholders that are convinced they will get something and some poor souls are even buying more.

IMHO a combination of true believers, daytraders, chartists, perhaps some short covering, etc.

One could also own shares and lend them out at a high interest rate so there's a timing element to a prospective bankruptcy.

I'm not saying 100% it's a bagel. You never know what kind of mupp might come along and give them some more cash. Or maybe they'll find a merger partner. Overland was going to be a bagel before Cyrus jammed it together with ANY.

So at this point I view the shares as an out of the money call option on "something, anything, good" - high chance of expiring worthless but you never know.