Sphere 3D Corp. (ANY)

[My401K]

Abandon all hope, ye who enter here . . .

It looks like PT Barnum and KK have commenced their exit strategy, strapping on the body armor, raiding the pantry, and barricading themselves in.

The lack of shareholder equity makes delisting imminent. Even if they come up with an eleventh hour bailout, any current investments will be diluted well into the penny region, anyway. Ahhh, the dilution solution!

The officer/director/agent indemnification delineated in yesterday's S-8 won't do them too much immediate good if the doors are closed and there's no cash to be raided for their defense fund. On the other hand, the indemnification (particularly as wrapped in bankruptcy) may put one more barrier between their personal wealth and those who they played.