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derek32smith

12/07/16 9:00 AM

#43677 RE: JayDan #43676

And Hugo has been spot on every single time. Perhaps you haven't been reading the regulatory filings and financial reports, but each time Hugo has called it, Sphere has performed some desperation financing. And each time, it has provided the lender with incredibly favourable terms that place their interests ahead of retail investors, and substantially dilutes the equity of retail shareholders.

And let's not forget that in several cases, the terms were redacted or not fully released until several quarters after the fact, thus hiding the bad news from retail investors. And at the same time, the company was painting a rosy picture about the company's health and prospects.

Kudos to Hugo for the good work.