BlackBerry Ltd T.BB

Debenture key point.....

[RugR2000]

This is a ZERO risk financial product given to Prem Watsa that shreholders and others
questioned....How nice that Watsa is protected by receiving all his money back plus interest
if Blackberry shares fall below $6 US. 

As Dorsey Gartner pointed out, Watsa breaching the 20% ownership rule (TSX), a formal
buyout offer would invoke. Thats why the 2020 debenture was reduced..... While Watsa
did approach the BOD's to buyout BB last year, they smoothed over the situation with a
sweeter debenture. Like a peace offering given a wolf ready to steal the company away
for peanuts. Shareholders deserve better.....

Rug 2000

[shareholders1]

Rug - You might also add, although the conversion price was slightly in excess of the market price at the time, the whole market plus BB was in process of price recovery. If PW wanted to simply buy shares instead of the debentures, tha quantity involved would have bid BB's price way up. One other point or 2 re Yasch prior comment -  Yasch may be confusing conversion with redemption. My

[Yasch22]

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