[Bacon Munchers]

This may have been posted already, but I thought it was interesting that after all the hostility toward BlackBerry, from Morgan Stanley, that they have now put at least $23,000,000 of there own money into it.

https://theolympiareport.com/2019/01...ry-ltd-bb.html

Posted via CB10

To us that have been around here since inception, we have been seeing this same pattern. Morgan Stanley is not the only one.
My bet is that this shameless outfit will also be shorting and causing a future crash. Stay tuned....

On a lighter note, this savvy Motley Crew that resides here will tend to watch the markers and hopefully time the play right. I personally only keep half in and play the other. No choice! I am not keen enough to play options.
Rinse-Wash-Repeat.

Hump day fellas! You all know what that means...?

... for me, it just means that it is Wednesday.

[Bacon Munchers]

Wish I could read your Tweets - Still working the Passport. (Lol?)

morganplus8 and La Emperor like this.

[Corbu]

Sorry, Bacon.

Nothing much, really. Just two tweets for the Chinese New Year:
https://twitter.com/BBMobile/status/1092830361497886721
https://twitter.com/Alex_Thurber/sta...89602723786752

[smithm565]

So, think I may have stumbled across a significant piece of info today in the BB v SNAP lawsuit. Companies are required to disclose material legal proceedings in their Quarterly (10Q) & Annual (10K) Reports. They are considered material if they represent more than 10% of the company's current assets.

There is somewhat of a gray area around whether they determine a loss to be "probable", "reasonably possible", or "remote" and whether they are required to estimate the loss and hold a loss reserve. But a company is also required to adjust their disclosure as the case progresses, if there is a need.

In Snap's 10Q (5/2/18), they noted the BlackBerry suit and a general note about the claim is meritless and an unfavorable outcome could seriously harm their business.

Same exact note in 10Q (8/8/18).

Same exact note in 10Q (10/26/18).

..but in their 10K, filed today (2/6/19), they added the following wording after the same BlackBerry sentence from the 10Q's:

"If these or other matters continue in the future or we need to enter into licensing arrangements, which may not be available to us or on terms favorable to us, it may increase our costs and decrease the value of our products, and our business could be seriously harmed."

IMHO, this change is a material warning to SNAP shareholders of a negative outcome heading their way, either through a judgement for BB or settlement with a licensing agreement.


- No change yet to any of FB litigation notes.


Posted via CB10

[kellyweng88]

So, think I may have stumbled across a significant piece of info today in the BB v SNAP lawsuit. Companies are required to disclose material legal proceedings in their Quarterly (10Q) & Annual (10K) Reports. They are considered material if they represent more than 10% of the company's current assets.

There is somewhat of a gray area around whether they determine a loss to be "probable", "reasonably possible", or "remote" and whether they are required to estimate the loss and hold a loss reserve. But a company is also required to adjust their disclosure as the case progresses, if there is a need.

In Snap's 10Q (5/2/18), they noted the BlackBerry suit and a general note about the claim is meritless and an unfavorable outcome could seriously harm their business.

Same exact note in 10Q (8/8/18).

Same exact note in 10Q (10/26/18).

..but in their 10K, filed today (2/6/19), they added the following wording after the same BlackBerry sentence from the 10Q's:

"If these or other matters continue in the future or we need to enter into licensing arrangements, which may not be available to us or on terms favorable to us, it may increase our costs and decrease the value of our products, and our business could be seriously harmed."

IMHO, this change is a material warning to SNAP shareholders of a negative outcome heading their way, either through a judgement for BB or settlement with a licensing agreement.


- No change yet to any of FB litigation notes.


Posted via CB10

wow good work if this turns out to be true

[Corbu]

Interesting find, smithm565!

[EchoTango]

"If these or other matters continue in the future or we need to enter into licensing arrangements, which may not be available to us or on terms favorable to us, it may increase our costs and decrease the value of our products, and our business could be seriously harmed."

It seems to me this is more of a CYA statement for the senior management/board members and to justify significant increased legal costs.

It also signals a lack of any intention to settle and in all probability will go to trial and adjudication.

Other than to hope for a speedy trial, I see no positive news in this statement.

[bbjdog]

Thanks Corbu for the reading material mate.

RIM/ BlackBerry has always stood behind this model. Love John Chen and his thoughts in this matter. But we face something that isn't in our control and we are force fed something that we don't want to eat. IOS and Android are around only for the reason that a country wants to control everything in our lives. Love the people but hate ???????


Cheers mate and mates!!!!!!

[bbjdog]

The Korea Times

Simple solution to technology trust crisis
by John Chen

As the internet of things (IoT) sits on the precipice of revolutionizing how we live and work, the world is facing a trust crisis. The blame is all too easily placed on bad actors, such as hackers, however the truth is this is a crisis that is borne by institutional leaders.

First, let's consider the meaning of trust in the context of technology. Trust in the connected world is built on two things; security and privacy. Can we as individuals trust that the device we are using, whether a smartphone, a smart home appliance or a connected car, is truly secure? Do we have any confidence that our personal data is not being used or sold without our consent?

Many leaders, namely CEOs and government officials, are participating in the rhetoric on security and privacy. The conversation is more common than ever before and there are even conferences dedicated to discussing the problem and possible solutions. Trust though is not built by talk. Trust is based on evidence, evidence that comes together to form trustworthiness.

The answer to the crisis is a simple one. We must own our individual data and be given the transparent choice to monetize or otherwise leverage it. The problem only becomes complex when organizations put profits before ethics.

Governments can enable the solution as they have the authority to put legislation in place that sets the ownership of personal data in the individuals' hands. To meaningfully address the issue, the legislation must proactively protect personal data and not just reactively enforce penalties on organizations when data is compromised.

It is the economic, social and ethical responsibility of technology leaders to build security and privacy into their products by design. The ask is not a tall one. First, build products that have security ingrained in each layer of the product and commit to no backdoors. Second, respect that an individual's personal data is theirs and do not profit from the data or use it without their consent, which must be transparently obtained.

Today, many players in the technology industry associate data with profits and may need to re-imagine their business models without it. In actuality sustainable value is mutual, between the industry and end users, and is enabled by trust. It is well-noted that there is a very strong positive relationship between trust and GDP and it is natural to assume this correlation will only grow.

The benefits of being increasingly connected are vast, from improving the detection and treatment of disease, to enabling developing countries to grow and many more applications that have not yet even been explored or defined. Leaders have a responsibility to build credible trust between technology and people, for this potential to be realized.

John Chen is the chairman and CEO of BlackBerry.

Interesting find, smithm565!

You better pull up your pants and roll up your sleeves because Smitty has brought out the big guns. LMHO mate!!

[smithm565]

It seems to me this is more of a CYA statement for the senior management/board members and to justify significant increased legal costs.

It also signals a lack of any intention to settle and in all probability will go to trial and adjudication.

Other than to hope for a speedy trial, I see no positive news in this statement.

I will have to do a little more research on the original suit filed by BlackBerry, but I don't believe that BlackBerry would have put getting a licensing agreement as their restitution for damages. So the way I read the addition from Snap in their report, specifically detailing out "licensing agreements" tells me that they likely have had discussions around some type of settlement, that would involve licensing, either with BlackBerry or at a minimum, internally.

UPDATE: More info from the original filing:
BlackBerry references a face to face meeting with Snap on June 17, 2017 concerning licensing of the listed patents.
Further, for each patent claim, they are asking for "lost profits and not less than a reasonable royalty".

Posted via CB10

[rarsen]

Weekend general reading on Security:

New Report Highlights Biggest Risks to Endpoint Security
https://blog.barkly.com/endpoint-sec...tatistics-2018
Antivirus products missed an average of 57 percent of attacks.

Must-Know Phishing Statistics 2018
https://blog.barkly.com/phishing-statistics-2018
Email is still the #1 delivery vehicle for malware
Dropbox phishing lures are the most common; DocuSign lures are the most effective.

The challenges of cyber security in a connected world
https://www.iecetech.org/issue/2019-...onnected-world

[farmwersteve]

so, anyone buying or selling BlackBerry right now.

seems like it's time for a big move one way or another.

I was thinking of taking some ACB gains and buying BlackBerry, but not sure when to cash out some ACB, before or after the ER on Monday.

anyone else playing ACB and wondering what to do?

[Corbu]

The silence is deafening.

All we know is the new COO visited QNX earlier this week.

https://twitter.com/BryanJPalma/stat...84210065891329

morganplus8, La Emperor, rarsen and 2 others like this.

[EchoTango]

so, anyone buying or selling BlackBerry right now.

seems like it's time for a big move one way or another.

I was thinking of taking some ACB gains and buying BlackBerry, but not sure when to cash out some ACB, before or after the ER on Monday.

anyone else playing ACB and wondering what to do?

Not doing anything with ACB but I am looking for a BB buying opportunity at around $10 CAD. I'm expecting the markets to be very fragile with some negative factors like China trade, another government shutdown and Trump being Trump affecting the markets. I think there is a window between now and the Cylance close/earnings report to see a spike down to recent lows.

Of course, I've never been right yet so take all this with a grain of salt.

[abwan11]

The stock has shown some relative strength latey, today being an example, but this is blackberry, directional confusion. Interested to see the reaction of cylance closing. Somehow I think Chen will blunder it even with 200mil added to the top line

Posted via CB10

[farmwersteve]

thanks for your thought Echo

yeah. I hung on to all my ACB today.

Monday it will hopefully spike, that stock is pretty volatile, so obviously potential for it to move 10% or more each way... I guess knowing which way is the key to profiting off of it!

[RLeeSimon]

Smart move Morgan. For any serious medical attention, Canadians with $$$ are best served getting immediate attention to their needs outside of Canada... the major weakness in a socialist one size fits all health care monopoly....GL.... bpd.

Posted via CB10

Yes, fly to any destination in the USA (or anywhere) having first purchased travel health insurance from a solid company (I've used Allianz) the reimbursement being simple. Bring a high limit credit card which hospitals and doctors will accept readily.

See here: https://www.travelinsurance.com/?gcl...BoCp3MQAvD_BwE

[morganplus8]

so, anyone buying or selling BlackBerry right now.

seems like it's time for a big move one way or another.

I was thinking of taking some ACB gains and buying BlackBerry, but not sure when to cash out some ACB, before or after the ER on Monday.

anyone else playing ACB and wondering what to do?

Hey, I'm just getting around to looking at some messages here and thought I would comment on this one.

Obviously, I'm not selling BlackBerry, I'm continuing to write naked puts on BB and will build one heck of a large block in it over the next couple of months. The Dow Jones hit my 2,500 point gain target and now sits at its 200-dma so I have to look at the TA on everything to decide next steps. I do believe that buying BB prior to the closing of the mega deal is the way to go here. In any case, I will write naked puts until I have all the stock that I want here.

As for ACB, I have added to my position and hold a sizeable profit in this one. They report after the bell on Monday & it isn't about revenues as much as it is about comparable gross margins to CGC/WEED. Everyone thinks CGC is the #1 leader in pot but I wouldn't be so certain about that. The X factor is management and I believe ACB is a better run business model with surprising results coming this year. And so for me, Monday's numbers aren't as important as Friday's numbers from CGC. I'm banking on CGC missing this quarter like they have the past 3 Q's making ACB the defacto favourite pot stock going forward. I also believe that US money will sit on their hands and wait for this very outcome to occur before piling into ACB in a big way.

Therefore, I will hold ACB for their mega deal later this year and while I wait, I'll purchase shares in BB through conservative put option writing strategies. I like them both for money inflows happening later this year.

[morganplus8]

A shout out to smithm565,

That is some fantastic material that you have provided to the thread re: the legal standings for BlackBerry. vs. Snap. Its humbling for me to see others produce such great information in an area of investment that I thought I knew so well so thank you for providing us with that update. I have always enjoyed reading your posts but you took it to a whole new level with that research! Thanks.

Oh yeah, I need to mention rarsen as well:
I use DocuSign all the time now as it seems I'm involved in a second career in healthcare these days. I use DocuSign in all of my correspondence with Doctors these days and never thought for a moment there might be a security issue with that program. Thanks for the heads up there.

[farmwersteve]

Hey, I'm just getting around to looking at some messages here and thought I would comment on this one.

Obviously, I'm not selling BlackBerry, I'm continuing to write naked puts on BB and will build one heck of a large block in it over the next couple of months. The Dow Jones hit my 2,500 point gain target and now sits at its 200-dma so I have to look at the TA on everything to decide next steps. I do believe that buying BB prior to the closing of the mega deal is the way to go here. In any case, I will write naked puts until I have all the stock that I want here.

As for ACB, I have added to my position and hold a sizeable profit in this one. They report after the bell on Monday & it isn't about revenues as much as it is about comparable gross margins to CGC/WEED. Everyone thinks CGC is the #1 leader in pot but I wouldn't be so certain about that. The X factor is management and I believe ACB is a better run business model with surprising results coming this year. And so for me, Monday's numbers aren't as important as Friday's numbers from CGC. I'm banking on CGC missing this quarter like they have the past 3 Q's making ACB the defacto favourite pot stock going forward. I also believe that US money will sit on their hands and wait for this very outcome to occur before piling into ACB in a big way.

Therefore, I will hold ACB for their mega deal later this year and while I wait, I'll purchase shares in BB through conservative put option writing strategies. I like them both for money inflows happening later this year.

Morgan,

Thank-you for the reply and the info.
I held on to ACB and need to start viewing that as a long term hold, but it sure can offer some good buy and sells, but I can seem to time it correct.

Great tip about next Fridays CGC being a possibly big news story for ACB depending on their sales and forecasts. Would love ACB to become the industry leader.

For BlackBerry, I did sell a bunch a while ago at $12 can to buy ACB, but don't want to be too far out of BlackBerry in case they get bought out.

Thanks again and great to hear from you.

[Corbu]

Interesting interview:
https://www.tvo.org/video/programs/t...e-21st-century

Feb 04, 2019
The Agenda with Steve Paikin
Jim Balsillie: Dragging Canada into the 21st Century
Technological innovation at the outset of this millennium has been nothing short of revolutionary. And it shows no signs of slowing down. Jim Balsillie, the former co-CEO of Research In Motion, says Canada is not keeping up. Worse, that policymakers and businesses still don't seem to fully appreciate the scope of the change underway. He's now chair of the Council of Canadian innovators, and he joins The Agenda to discuss his ideas.

[Rice Dawg]

I will have to do a little more research on the original suit filed by BlackBerry, but I don't believe that BlackBerry would have put getting a licensing agreement as their restitution for damages. So the way I read the addition from Snap in their report, specifically detailing out "licensing agreements" tells me that they likely have had discussions around some type of settlement, that would involve licensing, either with BlackBerry or at a minimum, internally.

UPDATE: More info from the original filing:
BlackBerry references a face to face meeting with Snap on June 17, 2017 concerning licensing of the listed patents.
Further, for each patent claim, they are asking for "lost profits and not less than a reasonable royalty".

Posted via CB10

Really good stuff, kudos for digging this out. This minutia actually matters, per this research that analyzed thousands of SEC filings with text analysis programs: https://www.nytimes.com/2019/01/10/b...rts-apple.html

"Textual changes in the “risk factors” section were most likely to predict subsequent moves in share prices. (Corporate earnings reports are rigidly formatted to comply with Securities and Exchange Commission requirements and are divided into predictable sections.) When the researchers refined the analysis further, differentiating between textual changes that were positive and negative, the results were even more striking."

[smithm565]

A shout out to smithm565,

Thank you, but I get much more out of this thread than I put into it. I have been following this thread for years, and appreciate the valuable information you and the many others here provide.

I try to do my part and contribute when I think I have something worth sharing. This is unlike any stock message board, which are mostly filled with pump & dump or paid promoters and bashers.

I must also admit that I have broken a major rule of investing and have become emotionally attached to my investment in BlackBerry. I truly believe Chen and company have turned this company into a hidden gem and that our patience will be rewarded.

Posted via CB10

[smithm565]

Really good stuff, kudos for digging this out. This minutia actually matters, per this research that analyzed thousands of SEC filings with text analysis programs: https://www.nytimes.com/2019/01/10/b...rts-apple.html

"Textual changes in the “risk factors” section were most likely to predict subsequent moves in share prices. (Corporate earnings reports are rigidly formatted to comply with Securities and Exchange Commission requirements and are divided into predictable sections.) When the researchers refined the analysis further, differentiating between textual changes that were positive and negative, the results were even more striking."

Great article & good post. I would like to point out another quote from it:
"Changes to the 10-Ks predict future earnings, profitability, future news announcements, and even future firm-level bankruptcies,” the researchers said. That was the case even when the corporate reports contained no outright announcements about such matters."

This was exactly my thoughts about Snap and why I have been watching the Snap & FB reports since the suits were filed. In one of my Finance classes, we spent the whole semester breaking down and analyzing past financial reports of many companies like Sears, Disney, Amazon, Home Depot, and Kroger. The devil is in the details!

Posted via CB10

[Corbu]

Thank you, but I get much more out of this thread than I put into it. I have been following this thread for years, and appreciate the valuable information you and the many others here provide.

I try to do my part and contribute when I think I have something worth sharing. This is unlike any stock message board, which are mostly filled with pump & dump or paid promoters and bashers.

I must also admit that I have broken a major rule of investing and have become emotionally attached to my investment in BlackBerry. I truly believe Chen and company have turned this company into a hidden gem and that our patience will be rewarded.

I agree, smithm565. I must say to you, and to Rice Dawg, that this is precisely the type of great info that makes this message board unique. Kudos to you both!

Though it hasn't been easy to track relevant information lately, we have managed to stay the course, over the years. Let's hope that our efforts and faith will, one day, be rewarded.

Cheers to all!