Sphere 3D Corp (ANY)

[oiledgearz]

The 10Q is out... I won't even bother with the horrendous loss numbers, it's out there for all to see... and the market is responding in kind.

A couple of points from the 10Q:

"The decrease in revenue is primarily due to the inability to acquire, on a timely basis, adequate supply of product to meet customer demand within the quarter."

Seems as if they don't have enough cash or credit left to buy, as PT states: "“The second quarter revenue was negatively impacted by our cash constraints ..."

"Management has projected that cash on hand will not be sufficient to allow the Company to continue operations beyond August 31, 2019 if we are unable to raise additional funding for operations. If we raise additional funding through sales of equity or equity-based securities, your shares will be diluted. If we need additional funding for operations and we are unable to raise it, we may be forced to liquidate assets and/or curtail or cease operations or seek bankruptcy protection or be subject to an involuntary bankruptcy petition.

No wonder traders are averse to holding this more than a day... IMO