<Why would RIMM hire them if they didn't intend to package a deal?>
RIM publicly stated they do not want to be acquired. Potential companies publicly stated they do not want to acquire RIM. Leaving the obvious, years overdue, with terms much more harsh than if they did it before. CEO-101: raise capital when you can, not when you have to.
When the quants see RIM turning red in 3-9 months, with little or no cash, there is the problem of not being able to pay the bills, when accounts receivable can't cover accounts payable.
Abrupt unpackaged bankruptcy is much worse than having some debt on the books, to pay the short-term bills and buy some time for miracles.