RE:RE:RE:If Q3 Shows No Patent Deal... I never said Chen was an idiot. I said bb lawyers and incompetent and idiots, even Chen seems to agree based on what he said at last ER.
I been following bb for 8 years and fully invested. Like Chen, I can't now walk away from my investment. Chen and I are both cornered. If Chen leave patent deal now then it's massive hit to stock and devaluation of patent portfolio because patents lost 1 year on that average life.
if bb lawyers were smart they would have bound the discussion around time frame. Even Chen said thjs is too long!!!! At this point Chen has no option but to stay at the table because he has most to lose if he walks away from the table. So the buying party has upper hand and they know this by now.
our patent portfolio is aging every day. By not monitizing we lose value every day. Chen said in one of his ER , we would have to restart monitizing if deal falls through and it would take about a year to get patent rev to $250m average again. This is not good. Why the lawyers at bb didn't put strict limit of June or sept? I understand complexity but it shouldn't take this long!! What Elon musk does at space x is complexity!!! He gets it done in a year.
I didn't say deal fell through. Deal will and has to go through because Chen can't walk away from the table. They know Chen in pickle to sell the patents if he wants to show shareholders value and get stock to $30 by 2023 retirement. The buying party is not kids. Our stupid bb lawyers are little kids that forgot to put time frame around discussions.