RE:RE:RE:Reddit - Wall Street BetsFFH needs to ask themselves what supporting BB means. FFH has been around to loan money to BB as required to ensure operations continue and look at opportunities for growth. Being around to offer debt solutions is how to best support BB through all this. The best way that FFH could support BB is by using this unicorn event to liquidate all holdings, egenrate a tonne of cash, and offer a larger sum of debt to BB at a sweatheart offering (with debenture conversion to shares of course). A once in a lifetime gift tossed at FFH to exit while insane liquidity is present. FFH could have easily dumped them all without applying pressure to the price. If they feel compelled to continue supporting the company, a re-buy at sub $10 as the share price comes back to reality could occur. I sure hope that Prem revised his strategy as this opportunity was presented. If you can't stay mobile and react in situations like this then theres a problem.
Regardless of the Blackberry situation, we are trading at 40% below book and its an undervalued company. The realized gains from investments in the current quarter will be in sane with or wothout a BB slae here.
I sure hope that Prem has represented over 99.9% of us shareholders to do the logical thing at this time.
Lets see how this all unfolds.......
argon12 wrote: If they didn't sell their shares then Prem needs his head examined.
They been holding BB dud for years.
Once in a billion moon shot comes their way.
Should of dumped the Max. He can always re buy at $9.00 because that's likely where it will go again.