Sphere 3D Corp (ANY)

[My401K]

And now we know one of the certain milestones, per "the Company must satisfy certain milestones which the failure to comply therewith would constitute an event of default under the Debenture.". Keeping current on interest payments was apparently mandatory. If Colbeck didn't have a buyer lined up, they probably just shot themselves in the foot by not deferring the interest payment. Nothing will kill off the value of Overland and Tandberg faster than a declaration of default, save, perhaps, missing payroll or laying off all "non-essential" employees.

What a circus this would be if EK were to be involved in buying the assets directly off Colbeck, leaving his fan base at CCP holding the bag. "Fool me once, shame on me. Fool me twice, shame on you." They should have heard his history from someone other than him before they signed on.