"More bullets to fight". Loved it.
The Fairfax BBRY investment: One day later | CrackBerry.com
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"More bullets to fight". Loved it.
The Fairfax BBRY investment: One day later | CrackBerry.com
The least they could do is upgrade all their current BlackBerry to bb10 and BES10.
Posted via CB10
some green in this red sea ! :)
14% to go ... easy baby, keep the rhythm !
Attachment 217622
I have no faith in Mike L. So far, he has not demonstrated anything with respect to BBRY since he has stepped down and the Globe and Mail article painted him in a bad light.
Likely he was not even heading this "group" and they simply would have used his shares as a toehold for any bid.
They did so much harm to the core business in the last two month just to get $1b under draconian terms. What does this say about the situation of the company?
MeanWhile ...
- BlackBerry (BBRY +3.5%) has been upgraded to Hold by Deutsche and SocGen, and cut to Underperform by CIBC, in the wake of yesterday's events.
Source : Seeking Alpha daily email.
Gotcha, tx for the clarification.
LOL. It is kinda early here.
Morgan,
Don't Canadian pre-bid early warning rules mean Mike cannot buy any shares unless he issues a press release and files it since he is already over 5%.
Isn't it also pointless to buy shares before a bid since they will not count toward the 90% threshold and will also be excluded if a second-step vote is necessary.
Thanks
I'll be buying today. My first investment in BlackBerry was around the same SP. Still seeing the potential of BB10 and the next generation of handsets like the Z30. Now for some extremely good marketing and focus on the core users and potential users.
"MegaBlackBerry doesn't fit in the avatar box..."
Here is the link to the article.
BlackBerry Z30 vs. iPhone 5s: Rethinking What We Want in a Smartphone
Even though BBRY was upgraded by these two, Deutsche has a price target of $6 and SocGen has a price target of $7.
......................................
........... ahh, nevermind.
;)
Canadian takeover rules:
CSA propose amendments to early warning reporting regime to enhance disclosure : Canadian Securities Law
a couple of Quotes:
Currently, under the EWR regime, prescribed disclosure is required by any investor that acquires beneficial ownership of or the power to exercise control or direction over 10% or more of any class of a public company’s voting or equity securities. Additional reporting is required on each incremental acquisition of 2% as well as a change in a material fact contained in an earlier report. Certain eligible institutional investors (EIIs) can take advantage of relaxed timing requirements for early warning reporting under the alternative monthly reporting (AMR) regime.
Quote:
Changes to Scope of Alternative Monthly Reporting
Under the current regime, an investor that qualifies as an EII is entitled to utilize the AMR regime, which only requires them to report an increase in ownership of 2.5% or more within 10 days of the end of the month in which the threshold is crossed and does not require a press release or a trading moratorium. The EII can generally remain in the regime unless and until it makes or proposes or intends to make or propose a transaction in which the EII would obtain a controlling interest in the reporting issuer. Upon this happening, they are required to issue a press release and immediately begin reporting in the EWR regime.
Reading around, found this P.W quote ...
This one goes on his credit+.Mr. Watsa dismissed the market’s hostile reaction to the deal’s collapse, saying “I’ve been in the market 40 years. If you decide to make a judgment on what the market thinks for every half an hour, that would be very inappropriate.”
http://forums.crackberry.com/bbry-f3...airman-869528/
24Hrs later: my conclusion ? No one gives it a $h4t ! lol
Attachment 217644
For the first time I sat down and watch Chen's previous interviews on CB front page. Is it just me to think and like how he is in front of camera? I like how he handle interviews and present himself. Having a new CEO is refreshing and a bit of injections of confidence. Doesn't seems like a puppet of PW and hopefully he is indeed a straight shooter with no BS.
This company is in the hands of shorts for a long time now. No matter what angle I look at it from. Any future predictions, deals must always be speculated with shorts strong hold on this company. This company is not operating "normal". Natural day to day win or loose happen all the times. Most of this company's ups and downs are manipulated by insiders. This company is without a CEO for last 6 months now. Go figure that out. Not sure what am I betting on?
Don't get me wrong my friend, I like this guy too. I just want Mike and Prem to get along. Mike is a brilliant man that grew a business to $ 20 billion dollars. He is still brilliant, that didn't leave him in the last 2 years, he and Jim made mistakes but who wouldn't when you are running a company that large?
I want to hear from Mike!!! But I do want the best management possible too.
Maybe PW will let Mike in on the 1.25 billion bond issuance?
Posted via CB10
I keep looking at Amazon and wonder why they haven't partnered with BlackBerry yet. They could sell BB phones exclusively for BB and drop all of the logistics and costs to BlackBerry. They garner worldwide attention and the distribution is already there. Think of how good it would look for BlackBerry to re-enter the tablet market with Amazon again. Then you have BBM-X, BBM-Channels and Amazon right there!! Revenues would explode under those terms.
The shorts are here today to cover the bond issue risk, if any good news came along that suggested that the bond deal will fail, the stock would rocket.
That's a no brainer for Prem but Mike can buy shares all day under $ 7.00/shr. We need some news from Mike!!!!
Chatter on Berkshire and Fairfax message board:
Prem Watsa and Respect.
I still want to know who put up the other &750,000,000?
Hi Morgan, I wasn't knocking on anyone if that was the impression you got from my previous post and certainly wasn't doubting Mike as i'm sure is a brilliant man. With the limited time I had with BBRY, I felt bad for TH as I don't think he wasn't really setup to succeed instead he did want he could *I think*. can't speak for others but I'm more pissed and still is mad about the hidden agenda, i don't know if that is really the case but that's how I felt and think shareholder's best interest was not really part of their plan right from the beginning and the pre-ER along came the LOI confirmed it for me.
One of the thing i learned through this process is to separate my passion for their products as it should not be the only reason to invest, instead the management team play a very crucial role with executions. not sure how much better Chen will can only hopefully that's a new start as I don't think time is on their side if BBRY can't get back to focus on business and compete.