Sphere 3D Corp. (ANY): Why is anyone surprised or shocked that...

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Re: None

Monday, 06/04/2018 10:48:48 AM

Monday, June 04, 2018 10:48:48 AM

Why is anyone surprised or shocked that this scheme failed? It satisfied every single criteria that the SEC publishes for recognizing a Pump and Dump scheme. Every single one, and then some.

Mangement had a history of running stock market "promotions". They had ZERO IT industry experience. They made outrageous claims without a scintilla of proof. The lied openly to the market, and made false and misleading statements on their financial reports and regulatory filings (anyone remember the successful 10,000 user Corel test that EK claimed Sphere had completed......three months before they started a test?).

And sadly, real people lost real money and got hurt badly.

"We are tired of development, now is the time to sell, sell, sell" - Sphere CEO Peter Tassiopoulos, Feb 2014

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