Sphere 3D Corp (ANY)

[My401K]

The reverse split was all for naught if I'm reading the quarterly report correctly. Their shareholder's equity on the balance sheet for September 30, 2018 has slipped to $707,000(USD), whereas for December 31, 2017 it was $10,463,000(USD). Having a stockholder's equity of over $2.5MM was sufficient to allow them to meet the Equity Standard for continued listing (NASDAQ Marketplace Rule 5550(B)(1)), as long as they kept the stock bid price over a buck. They're no where near meeting the other two continued listing standards, specifically, a market value of listed securities of over $35MM, or a net income of over $500,000. They're negative net income streak goes way back, and the market value of listed securities is under $5MM.

From the delisting letter of May 29, it looks to me like whatever portion of the business that remains after November 26 will be booted off on the pink sheets.