Replies to post #43545 on Sphere 3D Corp. (ANY)

[Hugodrax]

It's pretty simple. The company burns $5M per quarter +/- They had $5M at Sep 30. The quarter ends in 5 weeks.

Also the Cyrus bailout starts amortizing soon.

They need cash and fast.

This is a fact. Even the company acknowledges it.

They won't find a lender dumber than Opus so if they do get that $25M it will be expensive and most of it will be used to pay off other debt.

I don't think the company survives 2017.

#TimeStamp