Sphere 3D Corp (ANY)

[My401K]

Sorry, but a few more juicy tidbits:

Gearz, they restate it even worse further down the filing, taking out the "if"s:

"Based upon the Company's current expectations and projections for the next year, the Company believes that it will not have sufficient liquidity necessary to sustain operations beyond August 31, 2019."

Also, note that their accounts payable are $5.3M, with accounts receivable of only $641K to put that in perspective. Also, compare the $5.3M with the six-month gross revenue of $3.1M. Deep, deep, doo-doo. Even worse, they've lost $3.5M year-to-date (six months).

With only US creditors, but operating under the Maple Leaf, the situation is ideal to set a record for negative ratios. Perhaps PT Barnum can put that on his resume.

P.S. My insider in the SEC says they're setting up a new unit focusing on small-cap fraud.

P.P.S. Over the next two weeks we'll see if Freidheim and his phony Luxembourg bank are going to pitch in yet again to postpone the day of reckoning. I think it's a 50/50 call at this point. Also, he may have another dog in his portfolio that he can merge with to keep the books from closing for a couple more years.