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Old 11-04-2013, 12:59 PM   #3 (permalink)
NJBlackBerry
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Default Re: Heins out; Fairfax to invent $1bn.

I am sure this can be spun that he could of course get funding, but not on acceptable terms. Which means he couldn't get funding. So instead he tosses in $250mm (not $1bn - the rest comes from others) and effectively puts his team in charge.

SFA? In any event, Mr. Chen can't do worse than Heins & Co. At least he was able to take another tech company and sell it off.

An excellent article in today's NY Times; Watsa jumps to the front of the line if there is a bankruptcy, has a 6% load deal with BlackBerry and makes a fortune if (and nothing is a bigger if) BBRY stock goes over $10.

Win/Win.

For ordinary shareholders? Not so much.
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