Which means that if those still need to be covered after the deal goes through, they will need to buy them from Fairfax. This means $1.3 billion comes off the $4.7 billion purchase price! Blackberry for $3.4 Billion would be a steal. How many naked shorts are out there is the next question - those will also have to be covered and I am guessing there is a substantial amount. I wonder if this has anything to do with the continued negative press for Blackberry even after the Fairfax deal was announced.