Yes. The executives in the company are lining their pocket. Class action suit coming soon. Plus I've asked the SEC to investigate fraud.
Chen has made it very clear to potential suitors that he will not take less than $9 billion for BBRY. He needs to get profits up and workforce down to make sense to a buyer -- most likely AAPL. He is still a year away from righting the ship. Then, he'll put the company up for sale.
The 25,000 share purchase took over 3 hours to fill completely. My guess s that the MM's had to find enough sellers for my buy.
The share prices of the two new companies are expected to be comparable. You would receive roughly 50 shares in each at the price the combined company will be trading..
Wrong! The split in the company will substantially reduce the workforce; and profits, in spite of declining revenues (initially) will increase substantially. As the dollar begins a small decline against foreign markets given QE in Europe and Asia, profits will likely increase even further. Don't look so much at the top line. Look at the bottom line. And with it's current PE, and the post split PE's, $50 a share is VERY possible.
Because the executives are greedy and want more money at the expense of shareholders!