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Sphere 3D Corp ANY

Sphere 3D Corp. is a Canada-based bitcoin mining company. The Company delivers data management solutions via hybrid cloud, cloud and on-premises implementations both directly and through its reseller network and professional services organization. It provides data storage and desktop virtualization solutions for small and medium businesses and distributed enterprises. Its segments include Digital Mining and Service and Product. Its brands include Hybrid Virtualization Engine (HVE) ConneXions and Unified ConneXions (UCX). HVE ConneXions combines virtualization solutions with hardware to support cloud requirements for corporate, government, and educational institutions. HVE ConneXions specializes in virtual desktop, server virtualization and network storage that is compatible with various types of workloads, including desktops, servers and databases. UCX is engaged in providing information technology (IT) services to corporate, government, and educational institutions.


NDAQ:ANY - Post by User

Bullboard Posts
Comment by Bedilgenton Nov 26, 2014 8:45am
125 Views
Post# 23164876

RE:All in

RE:All inI am not surprised by the pullback in the shareprice as the shorts are doing a full court press. The short postion increased again in the first 2 weeks of November. When you are short over 3 million declared shares between the CDN and US markets you don't have much choice. My question is how large is the undeclared short postion and are they short OVRL as well. I still don't understand why anyone would have such an aggressive investment strategy like this when you look at the risk/ reward. After seeing the number of US hedge funds go out of business in the October market correction of this year on being overexposed and overleveraged to the oil trade, I guess we should not be surprised at all. Big risk for big returns is their strategy. The ANY/OVRL close is at hand and any further weakness is just a great buying opportunity. I also see that Cyrus Capital had a big hit by being a very large (almost 33% of the outstanding shares) shareholder in Virgin Airlines recent IPO that is up substantially from the original IPO offereing price. I would be very worried being short as Cyrus will a substantial shareholder of ANY on Friday of this week. I look forward to the hearing what ANY has to say when the merger is complete. The Credit Suisse technolgy conference is next week also and ANY will be there. IMO
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