Replies to post #46454 on Sphere 3D Corp. (ANY)

[My401K]

Yeah, the valuation in that link is a farce. The CDN$250M is gossamer and moonbeams. Two worthless stocks swapped for each other. This is like the phony capacity swaps in the dot-com bubble, or the fake Wirecard equity.
Your unmasking of the "Global Reseller" reminds me of the Luxembourg bank that Cyrus Capital/Freidheim used to bail out Sphere 3D several times. It turned out the international bank was something like a vest-pocket pass through via a taxi driver in New York.
I've seen a very similar transaction in the past, where two worthless companies merged in a stock swap. It seemed like a good way to avoid closing out a business and drawing the scrutiny of the regulators. In that case, though, it failed when the cash ran out and the principals got caught in a kickback scheme. I wouldn't be surprised if that is in the cards here.