[jrwb6e]

Roughly 38%, if the institutional ownership numbers are still accurate.

[W Hoa]

This might be them. Based out of Spain.

ATL 12 Capital Inversiones A.V, S.A also known as Atlas Capital Patrimonio.

ATLAS CAPITAL

.

This was reported earlier today over at yahoo:

ATL 12 Capital Buys 44.2M Shares of BBRY since April 1st
WOW...big new holder takes an 8.4% stake in Blackberry stock...This is huge

(check CNBC Inst holdings as of 6/12/13 versus Nasdaq IH as of 3/31/13)

ATL 12 Capital is a Spanish Private Bank

[Bugmapper]

BlackBerry UK boss Rob Orr quits with immediate effect | Mobile News Online

UK boss leaves - anybody know why?

[spiller]

Definitely not the PR team. They are contracted out, not hired, therefore they pay for their own office space and equipment.

Not always the case. Many companies prefer to have their outsourced team on site to expedite communication across cross functional teams -- with the trend being 'open work spaces' even; open work spaces are even becoming more trendy for C-suite execs. Not saying that is the case with the contracted PR team, but definitely a possibility.

[fedakd]

Assuming Prem (51.9M), Lazaridis (29.7M), and ATL 12 (44M) are not loaning their shares out: 524M - 51.9M - 29.7M - 44.2M = 398.2M

NASDAQ short interest (171.3M) + TSX (~10M) = 181.3M

Short interest % = 181.3M / 398.2M = 45.5%

So, if ATL 12 took out another 44M shares out of the float. What is the new short interest then?

[spiller]

Assuming Prem (51.9M), Lazaridis (29.7M), and ATL 12 (44M) are not loaning their shares out: 524M - 51.9M - 29.7M - 44.2M = 398.2M

NASDAQ short interest (171.3M) + TSX (~10M) = 181.3M

Short interest % = 181.3M / 398.2M = 45.5%

Second that.

[take99]

I lol'd

Jolla admits that Sailfish has a "two or three day" learning curve, but is confident that this solution is better than some rivals; both Pienim�ki and company CTO Stefano Mosconi were keen to say how "unnatural" the gestures of BlackBerry 10 feel to them.

[take99]

BlackBerry UK boss Rob Orr quits with immediate effect | Mobile News Online

UK boss leaves - anybody know why?

Too bad he seemed from the outside at least to be doing a great job over there.

[peter9477]

As as I remember, Yacktman sold 50% of his position back in January.

Yeah, that checks out. He also reduced his position again around May 2: Yacktman Cuts BlackBerry Stake Again on Stock Price - Bloomberg

[spiller]

Too bad he seemed from the outside at least to be doing a great job over there.

Maybe the hedge funds gave him a mil to resign and then they can write a fear article that top execs are leaving before Q1 ER....

[Shanerredflag]

Decent read:

BlackBerry: Shorts Increase, Longs Wait Patiently - Seeking Alpha

[take99]

When is this spanish bank news going to hit?

[Shanerredflag]

When is this spanish bank news going to hit?

LOL...no kidding...ya'd think someone could put two and two together wouldn't ya. Man, they go through a painful re-org and cost cutting yet grab Manhattan office space two weeks before ER (must be able to afford it) and now this huge Spanish bank position. Me thinks Prem and our friend TH are setting someone up for a world of hurt

[Charles Martin1]

Yeah, that checks out. He also reduced his position again around May 2: Yacktman Cuts BlackBerry Stake Again on Stock Price - Bloomberg

Is he privy to any information that we are not?

[spiller]

Google finance inst. owned jumped from 60% to 69% at some point in the last week...which seems to match the other data sources mentioned.

[silversun10]

so what about the NSA scandal, has to be bad for phone & internet companies, does Blackberry have an edge here with the higher security or does it even matter?

[spiller]

Is he privy to any information that we are not?

Shouldn't be....but we all know wall street and the Raj R's or the world.

He probably cut at the high and will jump in after the ER if it's good news....I would hope....more non short covering buyers will make it harder for the shorts to cover.

[spiller]

LOL...no kidding...ya'd think someone could put two and two together wouldn't ya. Man, they go through a painful re-org and cost cutting yet grab Manhattan office space two weeks before ER (must be able to afford it) and now this huge Spanish bank position. Me thinks Prem and our friend TH are setting someone up for a world of hurt

That cost won't hit Q1 expenses. And Q2 will be huge

[Bilaal]

Damn, NASDAQ is dropping fast. (I failed, I know - shoot me )

[spiller]

$13.53.

Still no buyers. I didn't think it would go below 13.71. Let's hope for an afternoon bounce back to .71 or at least .65

[take99]

if someone is on twitter, maybe tweet Ray Tiernan at Barron's about the Spanish Bank position.....

[leafs123]

LOL...no kidding...ya'd think someone could put two and two together wouldn't ya. Man, they go through a painful re-org and cost cutting yet grab Manhattan office space two weeks before ER (must be able to afford it) and now this huge Spanish bank position. Me thinks Prem and our friend TH are setting someone up for a world of hurt

My thoughts exactly. Don't think they'd be leasing space in NYC if they weren't making cash.

[jrwb6e]

Oh boy. I smell another late day bear raid.

[take99]

iOS 7 vs BlackBerry 10 | 5 | Know Your Mobile

'BlackBerry 10 has an incredibly rewarding new take on the mobile operating system and on the subject of multitasking it is, in my view, sitting at the top of the pile.'

[cjcampbell]

Oh boy. I smell another late day bear raid.

At least we know there are relatively few weak hands to shake lose now.