[CrackBerry News]

BlackBerry co-founder, Mike Lazaridis has sold off*3.5 million shares in BlackBerry since Monday according to*U.S. Securities and Exchange Commission filings. The sale of the shares is noted to be worth*$26-million (U.S.) and was processed via*1258701 Ontario Ltd., an investment holding company.

The first sale was made on Monday when 3.17 million shares were sold at an average price of $7.55 on the open market.

Full story from the Crackberry Blog...

[ray689]

Depending on his reasons, this could be a sign that he doesn't think there will be a turnaround. Also, what percentage of his shares is this? Anybody know?


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[eldricho]

Depending on his reasons, this could be a sign that he doesn't think there will be a turnaround. Also, what percentage of his shares is this? Anybody know?


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From the comments on the blog post
Attachment 233116

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[ray689]

They only downside to this is if he is successful at achieving what he believes he will with his quantum technology. The reason I say this is if he was a major shareholder, there would have been a chance that BlackBerry could have been the first to bring this to market and once again have something revolutionary. This may not happen, if he continues to distance himself any further.

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