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To: heinz44 who wrote (145169)5/15/2014 10:19:58 PM
From: Rocket Red  Read Replies (1) | Respond to of 233883
 



The Street Sweeper, TheStreetSweeper (159 clicks)
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Sphere 3D: Cloud Company Can't Rise Above Hype, Mistakes And Poor Management

May. 14, 2014 11:43 AM ET | About: Sphere 3D Corp. (SPIHF) by: The Street Sweeper




Summary
  • Hype at its best. Sphere 3D's bought-and-paid-for promotions artificially kick the stock price over the moon.
  • Currently no real commercial product, though Sphere 3D has been at it about five years now.
  • No organic sales. The company pays dearly to claim an acquisition’s puny sales as its own.
  • Looming options and warrants poised to hit the market.
  • Large salaries for inexperienced execs, little money, big cash burn with a need to burn multi-millions more. We believe it’s all too clear - dilution is imminent.

By Sonya Colberg, Senior Investigative Reporter

From its rocky beginnings as a fake mining company to its absurd overpayment for a little two-man shop, Sphere 3D Corp. ( OTCQX:SPIHF) ( ANY.V) has signaled the true meaning of the "D" in its name: "Deep six" this stock before it's too late.



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