Replies to post #32213 on Sphere 3D Corp. (ANY)

[mensplus]

Give us one good reason with the stock mired at three bucks?NDA? Competition?..
Lets not forget,the legacy business trades at 0.5 times sales, an exponentialy growing GW could fetch twenty times that..

[FrankyNutzz]

the comparison with Amazon and AWS is ridiculous at best if not down right laughable...i will keep it brief...investors in Amazon were primarily in it for other reasons other than AWS, and until recently AWS was not that important...in the case of Sphere, we have a company who just bought out OVRL, and Sphere and its shares became the surviving entity, and the company does not disclose the revenues from that entity, how crazy is that...and also all the original ANY shareholders were in this stock for GW and the promises of GW, so to not report it makes no sense, its not like the data is stale its all fresh...I dont get it, if GW sales take off shorts will get creamed, you should be demanding they disclose GW revenues if they are material, the game changes...but Im sure management is logical and has thought this through...you can come up with your own conclusions why they don't segment out GW revenues..

[Giovanni]

Will I still be alive in a decade?

Will ANY of us?
=========


Nonsense... there are many reasons not to break out GW for quite some time... Amazon did not breakout AWS revenues until this past April... a decade after AWS was launched... see link below for story... that is 40 or so quarters into the monetization process... q2 was GW's 6th quarter of monetization...

http://siliconangle.com/blog/2015/04/23/amazon-breaks-out-aws-figures-in-q1-results-and-it-turns-out-cloud-services-are-highly-profitable/

[JamesK101]

Did you look at the financials for the Q1 and Q2? Sphere 3d is bleeding cash, and it looks exactly like renamed OVRL. Wall Street funds are not stupid.

G 2.0 is why everyone is here. Nobody gives a crap about tape products, OVRL acquisition was sold to us as a strategic step to acquire distribution channels, customers, and sales force! Not one person here invested in the dying tape business.

G 2.0 and virtualization revenue needs to be separate line item on the income statement, period. Not breaking it out is deceptive and it is being interpreted as pure BS to hide the lack of financial traction in virtualization arena. If G 2.0 business made $3MM in Q1 and made $5MM in Q2, investors would be happy and stock price would be rallying.

Instead you have more "stealth" and more BS promises. "Stealth" thesis is no longer valid because another year of this "stealth" and you will be looking at $1.xx stock price due to dilution and massive losses.

I e-mailed Scott about exactly this possibility in October of 2014.

Here is my e-mail from October 10th 2014 , so almost a year ago. Everything I predicted happened and we are in deep do-doo right now.

Hello Scott,

I wanted to get your opinion on the financial situation of OVRL. I took a second look at their financial data from September 23rd and every traditional indicator says that company is in deep trouble. I know that they are in the process of restructuring and optimizing after the merger earlier this year, but their numbers look awful.

Based on the balance sheet data, they have just $12.1 MM of liquid assets, and only $4.2MM of that is cash. Income statement shows that cash burn rate has accelerated from Q3 to Q4, with company losing $7.4MM in Q4. Gross margin also went down almost 10% to 26.9% from FY2013.

If current cash burn rate continues, OVRL will not be able to pay its bills come Q2 2015 without either borrowing money or issuing new stock- Sphere stock.

Sphere is not making money and has no cash reserves to support the overland's operations if overland continues losing money. I am getting concerned that cash burn at OVRL will severely affect the Sphere's ability to execute and grow its business. OVRL financial releases earlier this year painted a picture of the company in the middle of the successful turn around, latest quarterly numbers are not showing that. Revenue increases came as the result of the merger with Tandberg, and operating losses are enormous.

I understand and believe in Sphere's technology, but OVRL's financial situation seems very dire to me. OVRL's Q1 2015 is completed, so they are probably down another $6-7MM in cash/liquid assets. So if merger goes through, it is almost given that Sphere has to issue stock/borrower money to keep the combined entity afloat through the FY2015.

Please advise.

[slyestjester]

Is it possible that MSFT now has some kind of lock on Glassware, at least in regard to the ways in which it wants to use it, and MSFT being the paranoid creature that it is, ANY management can not speak of it in any detail. I mean MSFT having two vice-presidents present when ANY rang the bell, and Glassware being employed on Azure, it doesn't compute that this is the piece of sh*t Hugo is describing. Probably the execution has been less than optimal but that doesn't nullify the value of software that may still be supreme within its dimension.