Remember that, when you are completely broke and you require a life or death operation for $5000 and then only thing left you have for sale is your $30,000 car - you will take $5000 for the car!!
I am a little bit under water on a 3.5M bet on JCP. I will be vindicated I am sure once the comps come in and funding is now secure for the next few years. Watch and learn my friend I do not do this as a hobby. I awake every morning with blood in my eyes for EVERYTHING you have. EVERYTHING. You have no idea. No mercy.
correct wes,if assetts are worth 6 bucks a share best analysis i can find,the cerabus offer will be about 4,the question bbry holders will be asking if this is the case why doesnt the co delist sell the assets and return cash to holders of record.
This was my plan and I am glad the BOD are a bunch of inept monkeys. Sorry real monkeys are pretty smart. It should
- CEASE OPERATIONS -
- Hire a Trustee -
- Dissolve common stock to $0 -
- De- list -
- Begin asset sales, patents, property -
- Begin common shareholder round-up of ownership % -
- Over 2 years sell the assets through auction and receive highest bids with pressure -
- Divide up the proceeds amongst shareholders of record -
BBRY could fetch $10 Billion in this fashion or $20 per share but you have to hold the stock to $0 with no margin. That is the play and if I was a fund I would be willing to make the bet for 100% return in 2 years and tie up $100 million or so.