Sabotage/deliberate incompetence?....ok....so what was the real impetus for the October investor day?
More endorsed ‘asset stripping’ soon?
…or was it to show off their actual incompetence, while the jury was still out before this circus confirmed it officially?
...16
th was a complete circus.....zero revenue growth f’casts…below infaltion…for the next three years…with no real action plan to change this trajectory…but hopefully they would 'break-even' somewhere in the near future…that is after sacking 30% of their staff….clowns!!!!
The trading halt was beyond pathetic.... but then again...was probably there for nefarious reasons...just look at the sudden share volumes from nowhere post trading halt …. as they say...everyone has a price....question is...what was theirs?
...16th was another circus act by these guys: can't even dress properly for the occasion... CFO's suit is 3 sizes too small for him and CEO's stomach was hanging almost on his knees....but at least his fake teeth-whitening drawed the attention away from the ongoing ‘stomach –knee’ travesty… I don't think they are even aware how everyone is laughing behind their backs....confirmed clowns....those two shouldn't even be in charge of a pre-school canteen...never-mind an apparent ‘non-for- profit’ business, they now turned Blackberry into....
So this guy has been in charge of Cyber since 2021…basically destroyed it by the looks of it…. and now 'informing' investors that he is planning to sell it ,after Blackberry invested hundreds of millions in it, after acquiring it for $1.4Billion in 2019?
Questions I have :
- Why is Cylance the only Cyber company with ZERO growth these last three years, while other cyber security companies like Crowdstrike's/ Pltr share prices are 900% up since 2019?
- Why did Blackberry decide to kill Cylance's retail offering? Isn't that where the margins are? I assume that is the plan.... spent circa $2.5billion on Cylance to date....moth-ball the revenue opportunities and then sell it to 'friends' for 10c in the dollar so that they could make it a $50billion plus success...
- May I assume that that was the actual intent for now having a ‘divisional P&L’....to prove that Cylance has officially been destroyed by him...so that he could now justify a 10c/dollar divestment price to friends? Why don't thye inform investors how much money the sank into Cylance to date- too inconvenient?
- Why provide an investor update now... and then have Citadel employees (shorting the stock & with millions of put options) 'liking' the CEO's linkedin updates, where he states that he is apparently ‘proud’ about his value destruction these last 4 years?
- Oh…let’s also inform all our current Cylance clients that no more money would be invested in the product they are paying for…because that would most certainly ensure further value destruction….never seen a bigger clown in my life… this guy is beyond embarrassing….!
- So what is really going on here? Why did he apparently deliberately destroy Cylance and why did the Blackberry Board endorse this?
- Why does he have so many McAfee staff liking his posts on LinkedIn...are there any 'dots to be connected' with his ex-employer?
- Who is actually involved in this corporate sabotage/deliberate incompetence?
...so many questions/conjectures ...and the only answer at this stage: a share-price destruction >50% since the new CEO has been in charge…30 year lows....millions made by Citadel (CEO’s LinkedIn fans)….and then he has the audacity to say on LinkedIn 'how proud he is'?....this is a guy that is unable to even resist free food by the looks of it.... never-mind the cash/asset left in the company... how much value has he destroyed since he joined Blackberry?
Name one thing he has accomplished that was value accretive to shareholders....just one? Anyone?
The reality is ….the only ‘growth’ since he joined Blackberry in 2021…. was his stomach... everything else has been destroyed/ shrinked...but according to his LinkedIn profile….' he is proud'…clown!!!!!!
But it must be a Blackberry thing… 3.1billion cash disappeared.... not even capitalised on the balance sheets....asset stripping... ex-CEO milked the company...zero integrity... ex-CEO walks around with a smile/smirk like all those other narcissist out there ....made hundreds of millions while many shareholders lost life savings....ZERO integrity….don’t know how he could even look at himself in the mirror…
...all endorsed these last 15 years by the board...
...question is ...what is the real quid pro quo...?
...why would anyone trust anything from these guys....the CFO can’t even make a judgment call on his own suit sizes, as confirmed on the 16
th … and then we have a guy who apparently has a serious problem with ‘self-control’…or ‘control’ in general....if it is not food...it is apparently attractive female colleagues... feel sorry for his wife and daughters....
Incompetence, delibered sabotage or just puppets of the next acquirer?
...my two cents...