Replies to post #273017 on SwingTrade Member Forum (SWING)

[umiak]

I like the caption below the vid: While many IT organizations want to embrace the cloud, 90% of the organizations we surveyed have policies in place that restrict certain types of data from being stored in a third-party cloud. These organizations are looking for hybrid cloud solutions to fit these needs, rather than adopting multiple point products,” said Terri McClure, Sr. Analyst, Enterprise Strategy Group, Inc. “With SnapCLOUD as part of its portfolio of software defined storage solutions, Sphere 3D appears to be addressing customers’ needs to be able to centrally manage and deliver all of their enterprise data, regardless of whether it is on premise, in the cloud, or which device employees prefer to use for work.”

Disclousure, I traded ANY over time then took my gains and bought long calls
when they became available. ANY is speculative till it brings in the revenues
that change that.

[umiak]

ANY-Clinton Group Sends Letter To Sphere 3D Board Of Directors
PR Newswire
9:34 AM ET
Clinton Group, Inc. ("Clinton Group" or "CGI"), a stockholder of Sphere 3D Corp. ("Sphere 3D" or the "Company") (NASDAQ: ANY), announced today that it has sent a letter to the Company's Board of Directors. The full content of the letter is also included in this release.

This communication is not a proxy solicitation, which may be done only pursuant to a definitive written proxy statement.

About Clinton Group, Inc.

Clinton Group, Inc. is a diversified asset management firm that is a Registered Investment Advisor. The firm has been investing in global markets since its inception in 1991 with expertise that spans a wide range of investment styles and asset classes.

July 30, 2015

Sphere 3D Corp.240 Matheson Boulevard EastMississauga, Ontario, Canada L4Z1X1

Attention: Board of Directors

Gentlemen:

As you know, we are a longstanding shareholder of Sphere 3D Corp. ("Sphere" or the "Company") and its predecessor entities and have been supportive of the Company's management team in the past. We attended the Investor Briefing last month and were impressed with Microsoft's articulation of the strategic relationship with Sphere. The Briefing also confirmed our enduring belief that Glassware and the Company's other offerings can be a blockbuster within virtualized applications, virtualized desktops and integrated storage platforms for the enterprise coupled with the right go-to-market strategy, b alance sheet and management team with a history of sales execution.

The stock price today, down 26% since the merger with Overland Storage, suggests that the market has misinterpreted the great opportunities for Sphere. I do not think we are alone in perceiving the valuation disconnect, as Roth Capital Partners initiated coverage on Sphere with an $8.00 price target a short time ago. As we have articulated to you in the past, investing in a sales infrastructure and taking on added dilution are likely to have diminishing returns to shareholders in a future if the ultimate exit is a sale to a strategic buyer.

Given the asymmetry of the stock price and the corporate opportunity, we believe it is prudent for the Board of Directors to evaluate a sale of the Company. We believe the Company's technology and proof of concept in a number of situations will generate multi-party demand and result in a transaction price in excess of $10.00 a share today.

We appreciate your attention to this matter, and we are available at [phone] should you wish to discuss further.

Sincerely yours,

//ss//

Joseph A. De PerioSenior Portfolio Manager

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/clinton-group-sends-letter-to-sphere-3d-board-of-directors-300121242.html

SOURCE Clinton Group, Inc.