Dealing With The School of Hard Stocks
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Now that I think about it, maybe they had to report it because with the additional shares, it does put the ownership at more than 5%. So they had to say what amount they had prior as well as what it is now. I'm assuming they didn't acquire the initial 28 million at once.
To be in the room when those decisions were made...LOL
Not sure...one mentions total amount beneficially owned of 28,394,418 which falls below 5% owned while the other mentions total amount beneficially owned of 30,077,058 shares which hits the 5% threshold.
Form 1:
Form 2:
Looking at Form 1 it mentions the following under section Attachment A:
As of January 22, 2024, the Master Fund was the legal owner of 28,394,418 Shares. Based on there being 585,350,929 Shares outstanding as of December 18, 2023, the Master Fund's holding represents approximately 4.85% of the outstanding Shares.
Looking at Form 2 it mentions the following under section Attachment A:
As of January 24, 2024, the Master Fund was the legal owner of 30,077,058 Shares. Based on there being 585,350,929 Shares outstanding as of December 18, 2023, the Master Fund's holding represents approximately 5.14% of the outstanding Shares.
Does that mean they purchased an additional 1.6 million shares between the 22nd to 24th so they could meet the 5% threshold? Good to see Shares Outstanding didn't change though that's from 12/18.
Lol yup. 😆
I'm glad they released a follow-up 8k at least to try and explain some details. I do like that the initial conversion rate is above today's closing price. Speaking of buying and being crazy, I did wind up buying another 1000 shares in my IRA at $2.92.
Insane volume.
I believe they repaid $365 million of their 2020 debentures. I don't remember if they were convertible or not.
Heh guess that's why they threw that bombshell after the close.
I'm hoping the first benchmark the new CEO has of successfully separating the Business Units happens by summer. I believe he has six months. If that happens then hopefully everything else falls in place and maybe a larger crowd may finally notice.
Yes nice volume and close.
Yeah that comment about a CEO never attending till this year caught my attention too. It wouldn't have been glaring were it not for that comment...LOL.
For CES 2023 the investor conference was attended by the following who I feel is excellent representation of the company at the time:
Mattias Eriksson, President, BlackBerry IoT
John Wall, SVP, Head of BlackBerry QNX
Vito Giallorenzo, SVP, Chief Operating Officer IoT and Head of Corporate Development
Tim Foote, VP, Investor Relations
https://www.blackberry.com/us/en/company/newsroom/press-releases/2022/blackberry-to-host-investor-qa-at-ces-2023
New BB CEO Giamatteo posted about CES on his LinkedIn Profile: https://www.linkedin.com/posts/johnjgiamatteo_softwaredefinedvehicles-ces2024-blackberry-activity-7151623318905712640-e72B/?utm_source=share&utm_medium=member_desktop
Saw this bit of news from Amazon on the CES 2024 demonstrations and hoped to see BB mentioned but nothing yet: https://www.linkedin.com/news/story/amazon-unveils-airplay-rival-at-ces-5870996/
Maybe another 4% tomorrow for a total of 8.
Works for me.
That and then the news todays about Mobility In Harmony joining forces with BB. BB seems to be the cool kid in school. It has to pay off at some point.
I believe us being invested in BB for so long means we're married to it...LOL
Heh totally understand. BB's still on fire sale.
And they also have a booth at the upcoming CES 2024 event in Las Vegas. Nice! They're in the top left corner of the Exhibit room.
https://intellias.com/ces-2024-intellias-answers-market-demands-with-new-generation-of-intellikit/
"Chicago, IL – November 14, 2023 – Intellias, a leading software engineering partner to automotive OEMs and solution providers, will showcase its expertise in HMI, digital cockpit, and ADAS integration at CES 2024 in Las Vegas, Las Vegas Congress Center, West Hall, Booth #7075 on January 9-12, 2024. The company will introduce the next generation demonstrator of its Automotive Portable Kit (IntelliKit), which is based on Qualcomm SA8295P 4th generation Snapdragon Automotive Cockpit Platform and integrates Rightware’s Kanzi One HMI kit and Blackberry IVY Connected Vehicle Data Platform."
Happy New Year! Here's to a great 2024.
I agree on the manipulation. I know there are tools out there to try and figure out potential manipulations...I mean directions... stocks may take but I haven't invested the time in being proficient at any of them. As a result I mostly do mutual funds. I do enjoy finding the potential unicorns though hence my investment here.
On the point of keeping costs down, I especially liked that they fully repaid $365 million of their 2020 debentures. I do believe it'll all come together. I am hoping for a great 2025 as well. We just have to get through 2024.
I forgot I had some cash in a retirement account, was able to get 1000 more @3.54. Hopefully it pays off someday. LOL
Cool.
Omg...too funny Nelson. But yeah it definitely looks ripe for the buying. Wish I had extra cash.
LOL I read 'sinks' as 'stinks'. But yeah wish the second part of that sentence was omitted.
Yeah we just have to continue to wait at this point.
Here's hoping Mr. Giamatteo is able to exceed the goals laid out for him. Maybe that'll help the Share Price.
The Cybersecurity revenues for Q3 was the best part from the report.
You know what they say about opinions....LOL.
Yeah I was thinking the same that Q4 outlook was not well received.
Maybe investors didn't like the projections for Q4....looked like Cybersecurity projections are down from Q3 and total revenues would be down at least $20 million. Everything else seemed positive. Will have to reread.
Wednesday is almost here. I'm assuming results will be posted after the close tomorrow.
ETA: Yes confirmed from P.R. it'll be at 5:30 PM. https://ih.advfn.com/stock-market/NYSE/blackberry-BB/stock-news/92743959/blackberry-to-announce-third-quarter-fiscal-year-2
Yes I meant maybe they'll present something together at CES.
BB's in good company at the CES 2024 event, I saw that Amazon Automotive, Kia, and Hyundai Motor Company also have booths as well. Maybe they'll do something together. https://exhibitors.ces.tech/8_0/floorplan/?hallID=NN&selectedBooth=4224
BB's gone up when NASDAQ was down too...it is dancing to the beat of its own drum...LOL.
But I'm hopeful that we're on the right train. Will see what Wednesday brings and of course Q4 next year will be great to see.
Blackberry is officially on the Exhibitor list for the Consumer Technology Assocation's CES event in Vegas 01/09 - 01/12: https://exhibitors.ces.tech/8_0/exhibitor/exhibitor-details.cfm?exhid=0013000001KaMWIAA3
Hope it means good news Wednesday.
Still green skies....
Yeah all about the timing. That is definitely a blessing. Hoping BB will allow me to join you in the M-club. Well technically I'm close with other savings and investments but to achieve it from BB alone. I definitely have boatloads of shares...