You may have intricate knowledge of suing people and companies, and being as disruptive as your boss demands you to be and making a nuisance of yourself but I have intricate knowledge of earn in and JV agreements and every earn in agreement has a change of ownership clause which, prior to the earn in being achieved (as in the case of the Fifield JV), protects the company that has the assets which is being earnt into (in this case RIM), from a change of ownership in the company earning in (in this case GPR), if it is deemed to be detrimental to their interest and the outcome of the eventual JV, which it seems RIM have decided it has. Very simple and standard clause that won't bother RIM or the courts too much so stop trying to make out this is a massive issue for RIM. It is, however, a massive issue for GPR who have just toasted a few million for zero return by trying to be too clever and devious.
RIM Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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