Bullboard - Stock Discussion Forum 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... see more

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BlackBerry Ltd > What Will BB Do With The Money?

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Post by Leewardcape on Feb 07, 2021 12:17pm

What Will BB Do With The Money?

Will they not have to buy about 46m shares of their own stock- when Prem Watsa converts 330m of convertibes to shares- at 6$ per share? If not, then the share float will increase...not so? Comments?

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Comment by blackberry on Feb 07, 2021 12:25pm

In November the debentures will mature in 2023 By then Blackberry will be a powerhouse and Fairfax Financial holders will be smiling. TORONTO, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited (“Fairfax”) (TSX:FFH and FFH.U) announces that it has acquired, through its subsidiaries, ownership and control of $330,000,000 aggregate principal amount of 1.75% unsecured ...more

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Comment by blackberry on Feb 07, 2021 12:29pm

As you can see Fairfax Financial has more than one option The Early Warning System and Related Take-over Bid and Insider Reporting Issues and, subject to the Standstill, it may further purchase, hold, vote, trade, dispose or otherwise deal in the securities of BlackBerry, in such manner as it deems advisable to benefit from changes in market prices of BlackBerry securities, publicly ...more

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