Sphere 3D Corp (ANY)

[Hugodrax]

Let's not forget, The $24.5M Cyrus debt is due on March 31, 2018.

Given Opus ranks ahead of Cyrus for $18.2M, that is another looming problem.

How are they going to raise $24.5 million when they entire market cap is $15 million?

IMHO it's not realistic that they will be able to raise anywhere close to what is required to repay Cyrus.

So what does that mean?

IMHO probably yet another big pound of flesh from Cyrus. Not only are they getting paid interest in stock, but, IMHO, if Cyrus is asked to extend like they will probably have to be, get ready for another pounding.

With the 1-for-25 reverse split, the Cyrus conversion price is $75.00 (down from $187.50). IMHO look for, at a minimum, that conversion price to drop down to something like $2-3 plus a bunch of fees, etc etc. At a $2.00 conversion price that would about triple the fully diluted share count. That would be 12.25 million shares if converted vs the current count of 6.7M.

Oh lordy, the pain.