$375 millions borrowed that sat in bank while paying interesThe purpose of that borrowed money from Watsa was to use it for blackberry to grow. Chen played safe and just let that money sit in bank and paid interest on it to Watsa. He doesn't know how to take risk and has destroyed the value of the company. IN life only the risk takers are reworded. Chen saved the company but at what cost? are you all willing to hold for another 10 years to see your stock go to $20? The price we paid is TIME....20 years!!! some of you might not even survive the next 10 years or will be very old to enjoy that money.
in last 10 years by taking risk elon became a rocket man!! for god sake...take the risk!! calculated risk takers never achieve much in life as shown by john chen. he's been taught since he was littel to play safe and this is the result of playing safe. imagine if they would have used the $375m to advertise and grow the company???? the stock would be at $50 today...but they decided to park teh money in bank and pay prem watsa interest every year.