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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

Comment by SunDrezon Dec 05, 2022 4:43pm
98 Views
Post# 35151969

RE:Remember who is the one pulling the strings here

RE:Remember who is the one pulling the strings here
SunDrez wrote: Watsa has a history, when presented with a conflict of interest, of working against the interests of minority shareholders and for the benefit of Fairfax. Even before the Fairfax Refinancing, in September 2019, the Quebec Superior Court rendered a judgment in which it found that Watsa and Fairfax, as insiders of Fibrek Inc., acted in a "blatant conflict of interest situation" for the benefit of Fairfax by enabling the acquisition of Fibrek at the "lowest possible price," to the detriment of Fibrek's minority shareholders who were bought out at an unfairly low price. The Quebec Superior Court, in awarding those minority shareholders $13.5 million plus interest, also found that Watsa abused his position of trust and confidence at Fibrek by failing to disclose Fairfax's true intentions to Fibrek's management, and that Watsa's testimony at trial was not credibleindeed, the Canadian judge found Watsa's explanations to be "mindboggling." The judge further described the situation as "odious" and "reprehensible." One who lacks credibility and engages in odious and reprehensible conduct to the detriment of minority shareholders is not fit to be a corporate director."""""""""""". Link is as follows. ,,,,,. https://www.prnewswire.com/news-releases/concerned-shareholder-urges-blackberry-board-to-follow-lead-of-major-corporate-governance-advisory-firm-and-oppose-watsa-as-director-301316666.html. ............ 

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