Replies to post #35731 on Sphere 3D Corp. (ANY)

[Hugodrax]

There's always recall risk. Sometimes borrow is more secure.

"The shorts" is overblown. The stock is down because of poor execution, bad financial results, a bad balance sheet, and broken "promised". IMHO

[Hugodrax]

CUSIP change means nothing. Same security - a common share of company X.

In my experience sketchy firms use CUSIP changes, stock dividends etc to fuel the narrative that it's all "the naked shorts". I'm aware of an investor conference recently where in one-on-ones the CFO's investment pitch was trying to engineer a short squeeze. Rather than silly things like sales and profits.

The money and effort would be better spent executing a business plan.

IMHO

I have no clue who bought the PP or why. Could be just a simple play of buy it, dump the stock immediately and ride the warrant for 5 years. Even if you take a 50 cent loss on the stock you have a 5 year warrant for a cost of 50 cents.

By the way - check the prospectus on the Cyrus loan. It didn't have the requirement that the company raise equity to draw on it. They added this in, as well as the extra 4m shares if they touch that line. IMHO Cyrus saying they won't fund more unless ANY raises more $$ ranking junior to them (equity) and attaching a dilution grenade to it. Not exactly a ringing endorsement.