Sphere 3D Corp. (ANY)

[My401K]

I see conflicting objectives. PT Barnum et Freidheim act as if it is important to maintain NASDAQ listing, but at the same time they are taking actions that destroy the marketability of their common stock to the point where, well, who cares. This latest move clearly undermines any ability to raise capital by selling common stock on the open market. They are effectively saying "Take that, sucker!" to the investor, or perhaps more accurately something similar to a dollar sheep, i.e., buck ewe. They will now issue preferred stock, rather than common stock, and especially to their insiders. (This also could facilitate shucking off those pesky, annoying retail investors through bankruptcy, while leaving the pickings for the insiders).

If the Dingaling Brothers, Barnum & Freidheim Circus really wants the money-losing, obsolete business of Snap & HVE, all I can say is that they certainly deserve what they are getting.

(P.S. - NASDAQ apparently doesn't care if a company is no longer owned or controlled by the instruments that it exchanges. Let those pesky retail investors eat moonbeams. It serves them right for not being players.)