Sphere 3D Corp (ANY)

[My401K]

Gearz,

To clarify my thinking, the delisting notice from last May (disclosed in Form 8K of May 29) required that the stock price rise above a buck within 180 days, but as a further condition of that, in order to re-attain compliance, they also are (separately) required to meet "all other initial listing standards". Those standards specifically include the stockholder's equity, under Rule 5505(b)(1).

Therefore, it's my interpretation that they face delisting on November 26 (only ten days from today) per the May letter, not today's letter. In other words, the May letter gave them 180 days to meet the stock price, but only as long as they also met the shareholder's equity standard at the end of the 180 days.

I don't think the letter described in today's item affects that. It wouldn't make sense that failing to meet a second, different requirement exempts you from a deadline of an earlier noncompliance. Per the May letter, they don't even qualify for a 180 day extension.

Regards.