Sphere 3D (ANY-Q)

(A Top Pick Feb 10/15. Up 53.55%.) *Short* Has a virtualization software that is supposed to enable full applications of software on mobile devices. Sounds good in theory, but hasn’t really delivered in terms of sales or earnings. Did some capital raises lately, and it is relatively expensive. It is very difficult to short the name now, because it has become quite crowded, and he lost his “Borrow” on the name.

(A Top Pick June 18/14. Up 53.06%.) Short. Had been looking at their technology and had some skepticism about it. This was virtualization technology that was supposed to be able to take any application and run it on any mobile device. Earnings and losses continue to disappoint. Also, they announced an acquisition last year that he found perplexing. He is still comfortable with this.

(SHORT) He is somewhat skeptical of the technology. In order to hedge his position he sold his position and held the warrants, which essentially was a free option on the company to see if they succeeded or not. He kept waiting for their 1^st major sale, but it just never came about. He got frustrated by the lack of any sales, so exercised his warrants. He has had this Short on for about 2 years now.

Short. Had zero revenues in 2013. They have a virtualization technology that is supposed to be able to take any mobile device and provide the full features of an application on that. Technology sounds very interesting. Anything that is Cloud and Mobile gets a lot of attention and there is a lot of hype. The downside is that they haven’t had any significant sales of this product and he finds it very difficult to justify a $200 million valuation on the company. Also, recently announced a merger with a related party, Overland Storage, and he finds this transaction to be perplexing.