[sebstarr]

What does this mean? I just saw it in my feed? Midnight trader 8:14 AM

Stocks are down.

Assuming this is bad news.

Might be time to buy more!

From my z30

[imz]

Fairfax Financial agreed to a lockup regarding Blackberry shares

“Under the terms of a subscription agreement with BlackBerry dated November 4, 2013, Fairfax agreed that until November 13, 2014 neither it nor its affiliates would beneficially own more than 19.9% or less than 9.9% of the outstanding Shares. As previously announced on January 8, 2014, Fairfax determined to sell Shares over time in order to rebalance its ownership in BlackBerry, subject to the above-noted restrictions.”

[sebstarr]

Oh that is really helpful! You know your stuff!

Too bad the stock price doesn't reflect the understanding of that agreement.

From my z30

[DaSchwantz]

Yeah...what zed said. A 'rebalance' means that Fairfax expects to convert and hold a similar number of bbry shares above $10 once the turnaround gains traction. This will eliminate debt on BlackBerry's books, but only once the shares go above $10 and are converted...for shareholders it's short term pain for long term gain, assuming the turnaround is successful.

Posted via CB10

[Playbook007]

The whole stock market is bleeding red today...

Posted via CB10