a 3 billion dollar company...1 million pay check with 2 million bonus is peanuts today in corporate world..The balance are ONLy warrants whereby he makes money if stock goes up and he is till there.. A very standard small package..Remember what the aapl exec got when he joined JCP?
Nortel in 2011 thought they would get 1.5 b but GOT 4.5 billion from a consortium which included RIMM..and do I need to say that Nortel was in receveirship? So Rimm invested almost 800 million just in those patents and usually all these patent companies who buy these patent assets hope to realize 5 to 10 times their investments.. so on patents alone and BBM = good spec buy .
i f they can stop bleeding at some point , this was a good financing..they now have 3.6 billion on potentially 600 million shares or 6.00 pe rshare cash
so they need 3.6 billion to complete offer and there is no way a bank would not lend 2.6 billion on cash and other assets..All is needed is 1 billion to make a quick 1 to 2 billion on the BBM ipo down the road ..The patents alone would repay the bank debt! zero value for the phones.
if anything validates BBRY patent portfolio..together they paid 4.5 billion for these patents and companies buy these to get back 10 times their money !