BlackBerry Ltd T.BB

Re prem and debenture

[taal]

Not bashing in any way .I ve been a long term shareholder since 2013 but it just Irs me to see sh...t like that ...Us shareholders end up paying in the long run....having to increase float by and additional 20 million shares or so....

[shareholders1]

US$365m debentures / 6 conversion price = 60.83m shares. At a US$15 share price, shareholders lose US$9 for every share issued to PW. There did not appear to be clear evidence that the BoD did all it could to get the best possible convertible debenture deal (the conversion price), or that it did sufficient comparison to what non-convertible debt interest rate might be. BB had to revise its

[blackberry]

Without question shareholders 1 it is debatable but we most likely wouldn't have a Blackberry if it wasn't for Fairfax believing in us. By the end of 2023 we could be bought out. At the very least we will be much wealthier than today starting on Monday. Cheers

[shareholders1]

That may be, but that is not an acceptable reason for the BoD to give PW a much better deal than another financial institution/ other investors would have negotiated.  PW made his initial investment years ago and stood to make a great deal of money if BB and its share price took off. That was the deal, of course. That PW bet wrong  does not mean BB or its shareholders now owe any part

[shareholders1]

Regardless of share price upswings, or downswings, it is still important to hold the BoD and management accountable. I was not aware until today that Crowdstrike very recently issued US$750m 3% junk debt, due in 8 years. Demand totalled US$6B - this means the market set the final pricing/ yield. The market, not a few insiders. Yes, 3% is much higher than 1.75%, but not convertible. Plus 8 years

[Yasch22]

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[Yasch22]

This post has been removed in accordance with Community Policy