Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 Maxmoeon Nov 15, 2023 7:04pm
158 Views
Post# 35738090

RE:Yasch or anyone that understands

RE:Yasch or anyone that understands
TheKingReturns wrote: i know the terms for the new 150M USD loan are similar but does it prevent Prem Watsa from purchasing in open market? In previous terms, he could not purchase any shares in open market. Does the new term prevent him or is he allowed to accumulate more shares? 

If he is allowed to purchase in open market, isn't this a win win for prem watsa since his average will be way below $6 since he can spend $150M to purcahse 30 million shares. Then he can further trigger $6 purchase for another 25m shares. He can get up to 55 million shares this way...better than the old terms. 

At minimum he can get 25m shares guaranteed for $6. 

can someone confirm this? 

Yes we all know the answer. Read the disclosures. It's called do your own DD. A 4 month convertible at $6.00 USD is no bargain. You, or I, or anyone, could buy all the stock we want at that price. I'll sell you stock for only $5.99. On todays close of $3.67 that's a tidy 63.2% premium. Did you think it's convertible at 6$ CDN Maybe ? $150 USD debt convertible into 25 million shares is $6 USD per share. Or about $8.25 CDN. I'd welcome that purchase all day long. 
<< Previous
Bullboard Posts
Next >>