In around two weeks on September 16th RIM is set to announce their Q2 fiscal 2011 results. While the company stock is currently sitting at $30.12 a RIM shareholder has openly expressed his dis-concern. Jaguar Financial Corporation “on behalf of itself and other supportive shareholders” sent out a press release that requests RIM directors to bring the company back to life and look “all options” that include “a potential sale of the Company or a monetization of the RIM patent portfolio by a spin-out to RIM shareholders”.
The folks at Jaguar stated in references to RIM’s co-CEO’s that “Mr. James Balsillie and Mr. Mike Lazaridis as Co-Chief Executive Officers and Co-Chairmen of the Company, is ineffective and requires meaningful change”. Vic Alboini, Chairman and CEO of Jaguar, said “The status quo is not acceptable, the Company cannot sit still. It is time for transformational change. The Directors need to seize the reins to maximize shareholder value before more market value is lost.”
Via MobileSyrup