During my phone call where I explained to Investor Relations the breakup value of the company exceeding Market Capitalization, Vince from IR said " we are not stupid, we have some of the greatest minds and are acutely aware". Well, I am calling out those so called greatest minds in the Blackberry Finance Department to explain to me why keeping cash in a 1% account is better than buying back stock if you truly believe in a turnaround story. If there are really 30% or more short interest in the company, a buyback would cause immediate panic among shorts. Is Management in bed with Short Hedge funds? I ask the SEC to investigate BBRY management. Where is the tens of millions of phones Thornsten? You can't make misleading statements like that. Just look at BAC's lawsuits from their fraudulent activities. I demand that the Board immediately use cash in the best interest of shareholders or face be ready for legal action.
Didn't two of their CURRENT board members have to pay up to 5 million dollars for an accounting review and RIM had to take a 250 million dollar accounting charge back in 2007 for issuing stock options below FAIR MARKET VALUE?
Well all I know is the stock options market in the big exchange IN THE USA is giving some cheap call options on BBRY again right now for SOME REASON in the trading market!!!
You know, if I was them, I wouldn't be bragging about the intelligence of the folks who work there. It is almost scary to watch what is happening if they do have smart people working there. My stock account begs to differ with the opinion of Vince from IR.
the writing is on the wall,the board has resigned itself to presiding over the final demise of bbry,i bet half or more not only have shares but have put options as well as being short.no rational board would find it acceptable to see a 50 percent peak to now in less than a year.it tells me they already are taking their profits and getting ready for the end,the silence is stunning,not one shareholder of consequence has made a statement or even asked questions.as i said after thors earnings call there is no reason beyond the 3 bil in cash for new money to invest in thius and 3 bil in cash isnt a reason.theres no here ,here now