Sphere 3D Corp (ANY)

[My401K]

m, I view the four month extension as being the result of the apparent collapse of the EK deal (as I'm sure you also do), and the low .30's price suggests that most buyers (and perhaps insider traders) see it the same. (It wouldn't surprise me that the 8-K dumpers also knew it was doomed, but that's another matter.) Colbeck's tricky wording of one of the earlier two-week extensions suggested that they might avoid officially declaring default, and the most recent extension suggests that they will assert control with "milestones" instead of seizing the security.

Oddly enough, their imposition of milestones might be the only thing that could result in the eventual continued operation of Overland and Tandberg. Had EK come up with the cash, he would have been free to continue to run it into the ground. The ANY stock, however, is now doomed, even if the subsidiaries are able to continue on.

I have a few questions, though:

Does anyone see a strategy that avoid NASDAQ de-listing?

Does anyone want to speculate how they're going to pay rent and payroll?

It takes a few months for layoffs and cost-cutting to turn around a cash flow. Does Colbeck have enough faith to throw in more good money? Perhaps CCP's phony vulture bank? Is there another sucker out there for a private placement? Can VMF be suckered again? Can EK pull a rabbit out of his hat? It would be fun if there were a Vegas book on this . . .