Sphere 3D Corp (ANY)

[My401K]

Gearz,
I don't think I see it exactly the same; I'm not sure the differences are important.
As I interpreted the original offer, what was Sphere 3D/ANY now becomes HVE, stripped of the debt that it bore, but also minus the perhaps non-existent, but in any case, delusional upside potential. What becomes of the renamed entity is anyone's guess. Perhaps it will continue under PT Barnum, and will continue pursuing those, one of whom is born every minute. On the other hand, it could simply continue pushing the old HVE product, which might be viable, but their own history suggests that it probably will struggle and barely keep its head above water. (Otherwise, it wouldn't have sold to Sphere 3D for so little).
Overland Data/Overland Storage/Tandberg will, for now, no longer be a public company. EK will have to answer to Freidheim, not public investors. I suppose that means he won't be hanging up on anyone who questions him in a shareholder's meeting, which is too bad for those of us who were so amused. I also think his job is no longer secure. The three men in the sinking boat no longer have each other by the bells. Again, SVTP won't be public, but I'm guessing that Freidheim has little choice but to pony up for the current operational losses, and in response he'll put EK/SVTP on a monumental diet and fat trimming program, whether or not he chooses to retain EK.
EK had planned on buying his way out of debt with Freidheim, and Freidheim hoped to escape the debt uninjured. That failed, and failed from both perspectives. EK's got his new company, but as the worm turns, he is instead entirely, and deeply, in debt to Freidheim. In that respect, the can is kicked down the road, it's just now a private drive, not a public road.