[Shanerredflag]

There is no doubt that one side or another WILL get "slaughtered" today. It will not be pretty but PW's lack of funding was predicted by me and many others. Time to pay up!

Lol...oh my.

Posted via CB10

[morlock_man]

BOOOOOOOM!

What the hell just happened?

Just dropped a dollar.

[cjcampbell]

Here's the news....

BlackBerry-Fairfax deal dies; Thorsten Heins out - The Globe and Mail

[farad43]

wow, -16% ! what a ?? https://www.google.com/finance?q=NASDAQ%3ABBRY
google please buy it!

[peter9477]

Should help sales in Nigeria.

Globacom Slashes BlackBerry Tariff by 50%, Articles | THISDAY LIVE

Okay, is my math really bad, or are Canadian data plans really as bad compared to this as I think they are?

The article says N1000 (which Google tells me is CAD 6.56 today) gets you 3GB of data. That's per month apparently. I pay a heck of a lot more than that and get 300MB, shared with my wife.

[Jahcure]

BOOOOOOOM!

What the hell just happened?

Just dropped a dollar.

Rumor that deal is dead and TH has been fired and BlackBerry no longer looking.

Posted via CB10

[morlock_man]

Here's the news....

BlackBerry-Fairfax deal dies; Thorsten Heins out - The Globe and Mail

Wow.

There's got to be some other big pieces of news coming down the pipes.

I wonder if they've already voted Mike L. back in as CEO?

[m0de25]

Please tell me Thorsten's 50m+ deal gets nullified in this scenario...

[leafs123]

and now it's halted.

[morlock_man]

and now it's halted.

Sweeeeeet.

This is going to be an interesting day.

[chr1sny]

OK longs, looks like a great opportunity to average your costs down!

[Shanerredflag]

Interesting they halted...official news coming me thinks.

Posted via CB10

[Zimbad]

Is this report actually confirmed? Or is it just a rumour by Globe & Mail

[Foliebergere]

BlackBerry Receives Investment of U.S. $1 Billion from Fairfax Financial and Other Institutional Investors

Under the terms of the transaction, the Purchasers will subscribe for U.S. $1 billion aggregate principal amount of 6% unsecured subordinated convertible debentures (the "Debentures") convertible into common shares of BlackBerry at a price of U.S. $10.00 per common share (the "Transaction"), a 28.7% premium to the closing price of BlackBerry common shares on November 1, 2013. The Debentures have a term of seven years. Based on the number of common shares currently outstanding, if all of the U.S. $1 billion of Debentures were converted, the common shares issued upon conversion would represent approximately 16% of the common shares outstanding after giving effect to the conversion.

Does this make any sense??? Can someone comment?

[m0de25]

OK longs, looks like a great opportunity to average your costs down!

Thanks for that heads up... Will wait to see who's appointed new CEO before I jump back in.

[W Hoa]

BlackBerry calls off sale, to replace CEO: Globe

(Reuters) - BlackBerry Ltd is abandoning a plan to sell itself and will instead raise some $1 billion and replace its chief executive, the Globe and Mail newspaper said on Monday, citing sources.

The Globe said the smartphone maker plans to raise the $1 billion by selling convertible notes.

BlackBerry couldn't immediately be reached for comment.

[cgk]

The information about Heins is so specific in terms of timing either someone has leaked it or someone has seen press release with details.

Sent from my Nexus 7 using Tapatalk 4

[peter9477]

BlackBerry Receives Investment of U.S. $1 Billion from Fairfax Financial and Other Institutional Investors

Does this make any sense??? Can someone comment?

Not without a link.

I'll do that hard work for you though. ;-)

BlackBerry Receives Investment of U.S. $1 Billion from Fairfax Financial and Other Institutional Investors

[bungaboy]

Here's the news....

BlackBerry-Fairfax deal dies; Thorsten Heins out - The Globe and Mail

This is GREAT news IMO!

[OzarkaTexile]

No buyers for the company at any price.

[morlock_man]

I'm betting the Board voted Mike L. back in as the Interim CEO. (Lost! John S. Chen)

Thor was just given an axe and told to chop the company down to size while continuing to develop BB10.

This means Mike gets to come back with less hard feelings from the remaining employees. (Wrong again!)

[Foliebergere]

Peter 9477 -- Thanks for your help, and sorry I didn't know how to include the link.... I knew someone out there would find it and post it for me!

[OMGitworks]

Ouch..... At least TH is out, no surprise there. Hopefully the entire Board resigns too. So much for being a debt free company too. Just ugly if this is true.

[cgk]

Please... Let's not spin it as Heins leaving after fulfilling role, he is being tossed out after failing on every measure of a CEO.

Sent from my Nexus 7 using Tapatalk 4

[Shanerredflag]

If Mike L is back in I wonder if Qualcom comes with him?

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