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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

TSX:BB - Post Discussion

BlackBerry Ltd > Yasch or anyone that understands
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Post by TheKingReturns on Nov 15, 2023 9:50am

Yasch or anyone that understands

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?
Comment by nellybb on Nov 15, 2023 12:09pm
You and your trolling buddies have been insulting Yasch for several years and now you ask for his help!!!!!! He's done with all u uneducated clowns!!!
Comment by nellybb on Nov 15, 2023 12:09pm
You and your trolling buddies have been insulting Yasch for several years and now you ask for his help!!!!!! He@s done with all u uneducated clowns!!!
Comment by Maxmoe on Nov 15, 2023 7:04pm
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 ...more  
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