if watsa close to take it private, he know the board will not allow anything below book value ( 18 per share ). specially after the nokia deal, its not like the company in trouble. they have tons of cash and no debt.
the shorts are doomed
as if watsa will not be able to pull a deal to swallow BBRY, now more evidence suggest he will. its been clear when he stepped down from the board otherwise he wont do it if he is not 80% sure.
wouldn't he been buying since he left the board, if he managed to get another 10% of total shares, he would end up owning 20 % already with his allies maybe close to 30%. so he is basically bidding for the remaining 70%.