BlackBerry Ltd T.BB

It's what it's... enjoy the ride up

[xfybbr49gh]

Yasch22, I don't buy your debate that PW sprang into action to save BlackBerry from the Gartner vulture fund doing a LBO as you have described. ______ Let me tell you your theory doesn't hold water.___ JC said in the last two quarter ER that he has the intention to pay off the debenture, tested by the stress test. In other words, BlackBerry doesn't need the debenture money.___ Your argument was PW had to do a fast and sudden new debenture due to a potential LBO from the vulture Gardner. PW is saving jobs in KW. You are so happy that the debenture was proposed. Giving up control of BlackBerry is not a concern to you. Defeating the LBO is the end all and be all. How the 15% penalty payment is such a smart strategy to stop a LBO.___ Are you sure? 15% can be a show stopper for a LBO? If the margin is that thin, is it worth for a LBO?______ The second clarification press release contradicts your theory as well as JC's view. It says the BOD has been looking for the refinancing of the debenture since end of 2019!___ So according to the board, BlackBerry is not fighting a Gartner vulture LBO like you argued, unless the BOD has a nine month vision that the Gardner LBO is coming.___ It's also a complete contradiction of what JC said for the last two quarters! (Pay off the debenture)___ Also if the BOD has searched for so long for a refinancing, there must be some quotes. No?___ It indicates that what actually happened was it all took place between when PW proposed the deal in June and a week or so later it was approved by the BOD! There was no time to get other alternatives. You justify it because of the Gartner vulture fund and a LBO is knocking at the front door. ______ I think JC is an unwilling participant for PW's greed. In the first press release, it even gives you hint as to where to make your complaint...TSX and NYSE regulators. So Gartner did just that. ______ It was a compromise with the final outcome of the debenture. The number of shares converted is exactly the same as the last debenture (@ $6/share instead of $10). I see this as the last thank you gift to PW.___ The good outcome is that BlackBerry did not give up the control position @ $6/share. That would have been a disaster for the shareholders. ___ We have seen what happened to Fibrek.______ I understand you said you like debate as an exercise. You are debating. You are not looking at the facts on the ground. Look in front of your eyes, who is benefiting? You don't see PW is benefiting from shareholders but PW is doing it all for shareholders, to save the company from the Gartner vulture. If PW really wants to do that, just buy shares in the open market at less than $6/share!______ A lot of shareholders are hurting. They are not interested in a debate contest. They are disgusted with the unnecessary debenture.___ Gartner is a shareholder. Maybe in this case, based on their history, it is the Gartner kettle calling the FF pot black. Only thing is the kettle is on the receiving end this time. ______ It is what it is...relax...and enjoy the ride up...BlackBerry is back!

[Yasch22]

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[raven16]

yasch22 - It can't be any clearer then that,Most Raising Cain Have not been here since 2013 and aren't aware of the support That Wattsa has provided over the years and are afraid that he is evil with evil intentions, I have been here since 2013 and do support what he is doing for reasons that you stated yasch22,If one looks around at a number of very successful business men in Canada

[Yasch22]

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[xfybbr49gh]

Yasch22, First, let's figure out why the FF cost base is so low (discussed in my other thread about FF's $50M unrealized loss on BlackBerry). Is the profit from their hedging operation that had reduced the FF cost base??? (Over the years, we saw a lot of ping pong trades. They are likely "short-marking exempt" and therefore not reported as short sales. Ping sells, Pong buys.)____

[Yasch22]

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[xfybbr49gh]

Thanks to Mas75 pointing out that the -C$50M "unrealized loss" of FF's BlackBerry holding is for the year and not from the beginning. I'm happy to see that. As this unrealized loss had bothered me, in conjunction with the pong pong trades I have observed and the outsized CIBC Market Maker accumulated net selling over the last three years (-16M shares, with day zero as zero

[Yasch22]

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