11-04-2013, 12:11 PM
Join Date: Sep 2010
Post Thanks: 30
Thanked 341 Times in 280 Posts
| | Re: Heins out; Fairfax to invent $1bn.
Originally Posted by NJBlackBerry
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.
SFA = Sweet F&^% All
fere libenter homines id quod volunt credunt