Research In Motion Ltd (BBRY): Did It Secretly Reach a Deal With The Chinese Government For $1 Billion?

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Hong Kong (CCTV) Apr. 5/2013,

The Chinese Bureau of Economic and Cultural Development has signed an intent to purchase 2 million Blackberry Q10 handsets according to filials with FYD Enterprises in Macau.

FYD (Fugyudum) Enterprises owns and operates a chain of for-profit educational faculties in nearby Guangdong and Yudumtu provinces as part of the mainland government’s recent econonomic liberalization initiatives in specified zones within these 2 provinces.

A source close to the company says the Q10’s will be distributed to the Faculties of Mobile Hacking and Cyber Warfare.

VIA: STOCKHOUSE

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DISCLOSURE: I own no positions in any stock mentioned.

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