$BB John Chen and Prem Watsa are as honest and hard-working as the day is long. We're talking a good long summer day in June. Over the past 10 years, we've seen an amazing amount of bilge spewed about the 3 iterations of the debenture issue. From the get-go, they acted as support for investor confidence that BB wouldn't go bankrupt. Later, they helped ward off vulture funds/leveraged buyout players. You know, the kind of folks who borrow money to buy a company, then saddle the company with that debt, reduce costs by firing everyone they possibly can (while paying themselves outsized salaries and bonuses), & getting their cash back by selling off the company in pieces
The King of the lies