Why?is the ceo a seller of his company at the most recent lows?
since November 2014 jaune chien has earned more than the following:
13M shares from his first Employment Contract and
3M shares (generally unearned) most recently, from his 2nd Employment Contract
he has received other incentives including more shares... but if we do the math on the 16M shares he has received as bonus, we discover gone when has earned well over $100M in bonus as BlackBerry CEO and Chief Executive of the BoD.
In that time jaune chien has spend tens of millions on things, like Movirtu that seems to have produced ZILCH for the company, zip, nada, nul, zero and to be clear $0.
Basically Movirtu is an London-based start up. Movirtu is a maker of virtual identity software that can help businesses activate multiple numbers on a single device, such as a business line and a personal line, while maintaining separate billing for voice, data and messaging on each number, without making someone carry multiple devices or SIM cards.
The technology works on Blackberry, iPhone and Android phones. This is seen as being very complementary to Blackberry's enterprise portolio, and is seen as part of Blackberry CEO John Chen's approach to Blackberry being a software solutions provider. Movirtu believes that Blackberry will help them reach out to more potential clients with their stronger experience in enterprise.
Blackberry intends on monetizing Movirtu's technology by offering it to to its carrier customers to allow them to offer second voice and data plans on the devices they sell. In turn, the carriers will pay Blackberry a monthly fee to license the technology.
con chien keeps talking about hitting his targets, well, with revenues going down for 4 years and the ceo stating his business is growing, yet revenues are down...? Something isn't square.
con chien as ceo can, does and will say whatever suits his needs at the time knowing the BoD simply cannot afford to eliminate him... the funds are not available!
Between now and 367 days later, there is virtually nothing gone when can accomplish on his own. The company has no spare cash, so there will be no acquisitions, thank goodness. The only thing that can occur is for what ever has been set in play is for it to play itself out.
jaune chien is powerless and yet the most powerful thing in the company today. the ceo has simply sucked the marrow from BB and it is now adrift until the end of his contract or his decision for early retirement.
His Sales Presidents seem to be missing in action, the company continues to release media babble.
Until BB release action reports stating unusual progress, expect BB under con when to continue to under perform until he exits on his own or end of the poorly executed Employment Contract.
ONCE AGAIN, I POST THE FOLLOWING TO SHOW CRWD ON A $34 IPO IS UP 4X ON BB AFTER DAY ONE. THEIR $70 DAY ONE FINISH MAKES BB LOOK BETTER, AS CRWD IS ACTUALLY UP 8X ON BB FROM JUNE 19 2019 AND TRADES AT 16X REVENUE vs BB 4X.
jaune chien is an overpaid underperfoming fvcktard!
Remember Cylance, $1.4B, 90 days after completion the ceo wrote it down/off/reduced its value $483M. jaune chien is not a success, he sucks excess cash and expresses into the markets so VC's can recoup their investments.
Where does this leave BB shareholders? Right, stuck with a dud ceo.
