he can't be happy but he wouldn't have taken the option at 10 unless he had a trick up his sleeve..liquidation value of BB is well ovr current share price
129M plus 100M for the convertible note...will he exercise his right for the other 25M shares at 10 bucks...probably but he's buying down here big along the way
Basically, he's getting 60M a year on the billion loan and buying all the shares till it goes over 10..
he would not be doing this unless he knew something good!
I'm a big buyer here..all time low with big buyer accumulating
he's reducing the float to kill the shorts..If he get another 80M, shorts are in trouble..that's why I'm surprised they are letting him do it..i'm buying here..nobody buys this much without great news coming
no he's still buying...129M plus 100M at 10 bucks on the note..that's 229M shares
plus the $250M option at 10 that's 255M shares total...he's buying to get over 50%..no doubt!
Market is letting him do it..
Market should push this to 10 if he wants it so bad
no way..big money buying it..not stupid retail guys..this is a heist and Watsa going to clean up..I don't have to know anything more
not including the convertible note..this guy is now has control of 40% of the company...he knows something..shorts are stupid here..this is set up or he wouldn't be buying huge amount of shares
Racebill ..I've had enough of your tough talk and insults hiding behind a message board..a buddy of mine tracked your IP address for me..I'm coming to #$%$ you up..you have chance..if you hide I'll find you
If prior to the closing, BlackBerry enters into a binding written agreement providing for a transaction that if completed would constitute a Change of Control (generally defined as (i) acquisition of voting control or direction over more than 35% of the outstanding Common Shares, (ii) acquisition of all or substantially all of the assets of BlackBerry and its subsidiaries, or (iii) the completion of a merger, amalgamation, arrangement or similar transaction which results in the holders of Common Shares immediately prior to the completion of such transaction holding less than 50% of the then outstanding Common Shares of the resulting entity immediately after the completion of such transaction):
(a) each Purchaser will have the right to terminate its obligations under the Subscription Agreement, and if the Purchasers are not prepared as a group to purchase all but not less than all of the Initial Debentures, the Purchasers shall notify BlackBerry and the Subscription Agreement shall terminate, in which case BlackBerry covenants and agrees to pay to the Purchasers a fee equal to an aggregate of U.S.$250 million within one business day of the termination of the Subscription Agreement; or
(b) the Purchasers as a group (along with any other purchaser or purchasers that are willing to enter into the Subscription Agreement and become a Purchaser and who are approved by the remaining Purchasers) may elect to purchase all but not less than all of the Initial Debentures, and in the event of such election BlackBerry covenants and agrees that it will pay to the Purchasers who purchase the Debentures at closing a fee equal to an aggregate of U.S.$135 million within one business day following closing.
BB has traditionally been half Nokia's market cap forever....
its an opposite company...when it was 777 tanked...so yo know what means with 666
New business plan
its about time
watsa stole 20% of this company for his dollars
I believe its almost done