$BB BlackBerry Call Options Active ๐Ÿ‡ (Patent Sale Coming Soon?) via /r/wallstreetbets #stocks #wallstreetbets #investing


$BB BlackBerry Call Options Active ๐Ÿ‡ (Patent Sale Coming Soon?)

Call options on $BB BlackBerry are active.

On the last earnings call on December 22, 2021, Papa Chen said we will get an update in January 2022. At the time, shares trades around $9.20 range and he said wall street not valuing patents/IP and the stock is undervalued.

https://preview.redd.it/oalm289hj2e81.png?width=1297&format=png&auto=webp&s=e78ce23434bd2c5250a783b23a53daf1315b7acc

  • Given his fiduciary responsibilities, Chen can be taken at his word. That means we should hear relatively soon whether the long-mooted transaction has been done.
  • IAM understands that the main points of the sale โ€“ including the value (which has been described as โ€œmaterially significantโ€) โ€“ have all been agreed. What seems to be holding matters up are details relating to what looks to be a complex financing arrangement with multiple parties and many moving parts.
  • The deal involves not only the transfer of well over 30,000 patents โ€“ reading principally on what have previously been described as โ€œnon-core or legacy mobile devices, messaging and wireless networking technologiesโ€ โ€“ but also the licensing business that monetises them. No doubt this complicates matters even further.

Submitted January 26, 2022 at 06:43PM by moneymonster420
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