RE:RE:RE:RE:More notes on the debenture buy-backI hope you're right Yasch!
Blackberry is nowhere near the financial peril it was in before thanks to the debenture and Chen's turnaround efforts, so I'd like to see them pay it all off asap.
The sooner they're paid off, the sooner we can start saving $75m/year ($18.75m/quarter) in interest payments. Which at this point would make Blackberry breakeven (based on last quarters numbers).
I respect the possibility that Chen is "notifying" them that this is happening, but they have made a lot of money on their loan to Blackberry and Blackberry never really needed to dip into that money. It just needed to show investors that it had the money and was willing to use it if necessary.
10% is a nice start, but I think 50% would have been better.
The sooner this is taken care of, the sooner Blackberry's stock can rise.
Imo, the fact that these guys can cash in their investment for shares (at only $10/share) prevents the SP from rising too much. Everyone knows that "if" the SP rose to $20 (for example) these guys would cash in and create a massive amount of dilution plus they'd more than double their initial investment returns if they were to sell all those shares immediately (and crash the SP in doing so).
So, imo, Chen needs to speed this process up and lets get the monkey off of our backs with this debenture still hanging over everything. It was a great idea, but now that Blackberry is financially safe, it's time to offload it.
I hope you're right Yasch (and others) when you think this is just the beginning. I just hope it ins't a multi-quarter process.