| | 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.
For ordinary shareholders? Not so much.