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Re: TheDane post# 1297

Friday, 01/03/2014 11:45:05 AM

Friday, January 03, 2014 11:45:05 AM

Post# of 48166
I would if I were the Company. Cash on the balance sheet is a good thing.

This leads to the question - Why did Sphere sell shares at $3.35 when they had enough money for the next 3-4 qtrs. excluding any revenue (per CEO in van's interview).

My guess is they spotted something they wanted to buy and couldn't wait for a higher share price to do the offering.

I suspect we will hear where the money is being spent shortly.

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