RE:RE:RE:RE:BB low multiples makes it a great speculative opportunitygrab a hot coffee, sit in the corner, when it stops steaming, sip, taste enjoy, wait, watch
Just know it was chon jehns cash burn not JJ, it was the c e o's authority not JJ, it was gone whens decision to purchase Silence for $1.4B then dump another $2B into development.
The former c e o overpaid for Silence, overpaid for Good, paid $50M for Movirtu for f____uck sakes i don't know what! invested $10M into Nanthealth so he could sit at a table with billionaire Patrick Choon, an owner of the Lakers and BB got a lovely pink non trading company and zero reported payback, likely after spending a few million more developing something for his billionaire bboybuddy.
The former c e o operated an engineering thrashing machine that couldn't keep sales presidents because they come from Mars and coin ching from searing hot, money crushing vapourizing Venus.
JJ seems to have found $50M, almost all the cash burn less I'm guessing a 15% headcount or sudden revenue jump... funny it came in the dying days of c hens reign as Kink of BlackBerry.
Sip your coffee, give this guy a chance to make a difference. The BoD seem to have JJ on a short leash, the one gone when wasn't able to crush, time.
Mid July most of the above will be sorted, either JJ has the ship sailing better and the share price has improved along with the elimination of the cash burn situation or this whole enterprise is ready for the chopping block June 2025
I am betting on the elimination of cash burn after June 1, rising revenues and a formed hockey stick.
Remember gone when is gone and so is Planet Imperium Poobah Mark eting"LittleFinger"Wilson and I assume numerous others that succored the Kink of BlackBerry's ego. Remember is was the former c e o.
Is JJ Giomatteo the answer, look for me sipping my coffee, less anxious with a stated plan for zero cash burn and the tech world spinning it up a few more notches.