Blackberry (Nasdaq:BBRY) needs to go into the private equity repair shop. Sooner than later. Manic depressive stock traders just have a negative howl which will not be satiated until stock is delisted.
Sep is over. Most holders are looking at big losses. Tax loss season coming soon. There will be a classic game of chicken over the timing of an offer and the valuation that goes with it vs the compelling logic of tax loss selling.
So the propeller heads who are trying to value are looking at strong selling pressure. This zaps any buy out premium. So this six-week due diligence with a go shop clause is another way to force the stock price down and avoid any large valuation increases. But the lawyers like it real good.
Investors have no choice. You have been screwed over. Sell and join any class action lawsuits that you can find.
Technology eats its own babies.
George Gutowski writes from a caveat emptor perspective. Follow him on Twitter @ @financialskepti