Sphere 3D Corp. (ANY)

[My401K]

Shoot his own foot off - I love that. Nevertheless, I wish I had made off with as much money as Kelly. I could use a vacation home and a new Mercedes.

Per yesterday's filing, at least one investor, Freidheim/CCP/FBC, is at least pretending to be a believer. He extended Kelly's window by four more months. What we don't know now is who's going to bail the boat out in the interim.

Here's a thought. Freidheim et al. own about $45M in ANY debt, while the entire market cap is only $4.3M. In other words, their exposure is 10x the market cap. It's getting to the point where stockholders are little more than a nuisance. Delisting would clobber the share price, and make the cost to take it private trivial. They would no longer have to launder their dirty linen in public. Retail investors have outlived their usefulness, and delisting is a convenient way to flush them down the loo.

But who's going to fund the burn? We'll be seeing another 8k filing fairly soon . . . stay tuned.