Nono C. Pearson, Rapper Turned Entrepreneur, Offers To Buy Research In Motion

The Huffington Post Canada  |  By Posted: 04/ 9/2012 2:06 pm Updated: 04/ 9/2012 2:13 pm

Nono Pearson Rapper Buy Rim
After more than a year of disappointing sales numbers, BlackBerry maker Research In Motion is considering all its options as it struggles to compete with the iPhone and Android smartphones. Now, a rapper-turned-marketing entrepreneur is offering the company a -- well, let’s say, a unique option. (UVMF photo)

After more than a year of disappointing sales numbers, BlackBerry maker Research In Motion is considering all its options as it struggles to compete with the iPhone and Android smartphones. Now, a rapper-turned-marketing entrepreneur is offering the company a -- well, let’s say, a unique way out.

Nono C. Pearson, rapper handle Big Reality, has offered to buy the company outright, offering RIM shareholders a stock swap that would see them get shares of Pearson’s company, United Vision Marketing Firms (UVMF), ahead of the company’s initial public offering.

It may sound like a joke, but Pearson appears to be entirely sincere about the offer.

“The decision was made to acquire RIM after a strategy session with UVMF's board members and consultants and the announcement by RIM's new CEO of a possible sell of the company,” UVMF said in a press release last week. “The proposed deal is an all stock swap deal that will position RIM shareholders to be in a greater equity position by swapping for UVMF's IPO stock price.”

UVMF explained that the deal “will help the development of UVMF'S $1.6 billion proposed Pearson Education Tablet (PET), take UVMF public and develop a new brand imaging campaign for BlackBerry Products using UVMF's entertainment ties.”

Those entertainment ties have to do with Pearson’s attempt at carving out a unique niche for himself in the marketing world, branding himself as the owner of “corporate hip-hop” -- an attempt to fuse rapping with marketing.

To that end, Pearson’s company has offered one million shares of UVMF to the rapper who writes “the best verse of what the UVMF family calls ‘corporate hip-hop.”

The idea, the company says in a statement, is “about making legitimate corporate moves with a street swag delivery.” The company has reportedly reached out to 50 Cent as a potential contender. No word yet from the rapper as to whether he wants to become the face of “corporate hip hop.”

According to DailyTech.com, among UVMF’s board members is Real Freeway Ricky Ross, a notorious drug dealer who made an estimated $600-million fortune before being busted in a sting in 1996 trying to buy a kilo of cocaine from an undercover federal agent.

Ross “is rumored to have retained much of his fortune,” DailyTech reports.

No word yet on whether RIM will accept the offer, but we’re not holding our breath.

RIM'S BIGGEST SETBACKS OVER THE PAST YEAR
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  • Blackberry PlayBook Flops, Prices Slashed

    The PlayBook tablet, which was the BlackBerry maker's answer to the iPad, went on sale in April 2011. Since then, <a href="http://www.huffingtonpost.com/2012/01/03/blackberry-playbook-price-rim_n_1181167.html" target="_hplink">RIM has lost $485 million</a> on unsold units. At the beginning of January, <a href="http://www.huffingtonpost.com/2012/01/03/blackberry-playbook-price-rim_n_1181167.html" target="_hplink">RIM slashed the price of all models</a> of its tablet to $299. The special pricing will last until February 4. PlayBooks, which come in 16, 32 and 64 gigabyte models, typically retail for $499, $599 and $699, respectively, <a href="http://news.cnet.com/8301-1001_3-57351162-92/blackberry-playbook-price-now-$299-for-all-models/" target="_hplink">according to CNET</a>. In November, RIM temporarily <a href="http://www.huffingtonpost.com/2011/11/22/blackberry-playbook-price-drop_n_1107941.html" target="_hplink">slashed the price</a> of the 16GB version of the tablet to $199 at certain retail locations.

  • Network Outages

    In October, BlackBerry <a href="http://www.huffingtonpost.com/2011/10/13/blackberry-outage-2011-rim-says-services-returning_n_1008596.html" target="_hplink">suffered an outage that affected</a> many of its then 70-million worldwide users, leaving some of its customers in Asia, Europe, Latin American and Africa without service for as many as three days. Some users in the U.S. were affected, but not for as long a period.

  • Drunk Execs Disrupt International Flight

    In December, two RIM executives were fired after a flight they were on was forced to be diverted because the pair's "drunken rowdiness," <a href="http://www.huffingtonpost.com/2011/12/02/two-men-face-hefty-fine-a_0_n_1125214.html" target="_hplink">the AP reports</a>.

  • BlackBerry 10 Platform Delayed

    Research in Motion announced in December 2011 that its highly anticipated BlackBerry 10 platform won't be available until the end of 2012. <a href="http://www.huffingtonpost.com/2011/12/16/blackberry-10-phones-rim_n_1153314.html" target="_hplink">According to the AP</a>, the company claims the holdup is because the chipset needed for the phones running the platform won't be available until the middle of this year.

  • Stock Slides In 2011

    In 2011, <a href="http://www.dailyfinance.com/quote/nasdaq/research-in-motion-limited-usa/rimm" target="_hplink">RIM's stock</a> dropped <a href="http://www.huffingtonpost.com/2012/01/23/rim-ceos-jim-balsillie-mike-lazaridis_n_1222605.html#s629929&title=Lessien" target="_hplink">a massive 75 percent</a>.

  • Falling U.S. Market Share

    In less than a year, RIM's share of the U.S. smartphone market <a href="http://www.huffingtonpost.com/2012/01/23/rim-ceos-jim-balsillie-mike-lazaridis_n_1222605.html#s629929&title=Lessien" target="_hplink">dropped by almost 50 percent</a>, from <a href="http://www.comscore.com/Press_Events/Press_Releases/2011/3/comScore_Reports_January_2011_U.S._Mobile_Subscriber_Market_Share" target="_hplink">30.4 percent</a> in January 2011 to <a href="http://www.comscore.com/Press_Events/Press_Releases/2011/12/comScore_Reports_November_2011_U.S._Mobile_Subscriber_Market_Share" target="_hplink">16.6 percent</a> in November 2011. In 2009, <a href="http://www.huffingtonpost.com/2011/12/16/blackberry-10-phones-rim_n_1153314.html" target="_hplink">RIM controlled 44 percent</a> of the US smartphone market. (Pictured above is the HTC Desire HD Android, which runs on Google's much more popular Android platform.)

  • Investors Urge Company Sell Itself

    A nearly 75 percent drop in stock price in 2011 did not please investors. At the end of 2011, Jaguar Financial Corp, <a href="http://www.huffingtonpost.ca/2012/01/03/balsillie-lazaridis-rim-research-in-motion-jaguar-financial_n_1180885.html" target="_hplink">one of the largest investors</a> in RIM, called "for substantial corporate governance change and for a sale of RIM, whether as a whole or as separate parts." Vic Alboini, the chief executive of Jaguar Financial, <a href="http://www.bbc.co.uk/news/business-16393180" target="_hplink">told the BBC earlier this month</a> that RIM has "lost it." "The party is over, we believe, in terms of trying to design that cool, tech savvy smartphone," he said. "Microsoft has over $50 billion in cash, RIM has $1.5 billion. There is no way they'll be able to compete."

  • Exploding BlackBerry

    The family of 11-year-old Kian McCreath of Coventry, U.K., gave RIM some of its worst publicity in 2012, telling the media the boy was burned and left with permanent scarring when his BlackBerry Curve 9320 exploded. Although cell phones that are left to charge too long are known to explode, for RIM the news represented a horrible publicity disaster that came just weeks ahead of the launch of its BlackBerry 10.

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ZimboChick
Stanning for Hopey all day, everyday
11:45 AM on 04/10/2012
Yeah I expected the response to be snark. A black man will never be looked at with respect by those who deem themselves the worthy ones. Keep dreaming
10:04 AM on 04/10/2012
if you go to this companies website it is a complete joke... it seriously looks like a front to launder drug money
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fromdnorth
OK I checked my micro-bio (didn't know I had one
08:59 AM on 04/10/2012
Wells Fargo Foreclosure
Protesters Mark The 160th Year Of Wells Fargo With Satirical Birthday Party

A federal judge who has fiercely criticized how big banks service home loans is fed up with Wells Fargo.

In a scathing opinion issued last week, Elizabeth Magner, a federal bankruptcy judge in the Eastern District of Louisiana, characterized as "highly reprehensible" Wells Fargo's behavior over more than five years of litigation with a single homeowner and ordered the bank to pay the New Orleans man a whopping $3.1 million in punitive damages, one of the biggest fines ever for mortgage servicing misconduct.

"Wells Fargo has taken advantage of borrowers who rely on it to accurately apply payments and calculate the amounts owed," Magner writes. "But perhaps more disturbing is Wells Fargo's refusal to voluntarily correct its errors. It prefers to rely on the ignorance of borrowers or their inability to fund a challenge to its demands, rather than voluntarily relinquish gains obtained through improper accounting methods."
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grizzly bear55
King of the forest
09:07 AM on 04/10/2012
The judge will be long gone and the company would still be there.
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fromdnorth
OK I checked my micro-bio (didn't know I had one
08:56 AM on 04/10/2012
Royal Bank of Canada has chosen to challenge the Commodity Futures Trading Commission in court instead of settling over allegations it engaged in illegal futures trades because it said it didn’t break any rules. Clean money?
HUFFPOST SUPER USER
K Jive
02:15 AM on 04/10/2012
Corporate Hip Hop................
01:07 AM on 04/10/2012
I am assuming this is a joke? Like seriously... what RIMM shareholder would swap their soon-to-be-worthless shares for more worthless shares... SMH @ huffington post for even giving this story legitimacy
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HUFFPOST SUPER USER
Francmon
Homo homini lupus
05:58 PM on 04/09/2012
If this is not money laundering, what is....?!?
03:45 PM on 04/09/2012
Blackberry needs some fresh ideas, this might just work out.
This user has chosen to opt out of the Badges program
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emphatico
....is politically radioactive.
02:46 PM on 04/09/2012
Why is it bizarre? 'Cause he's a black man and not a white man?
03:26 PM on 04/09/2012
No, because his associates are major drug dealers.

****

According to DailyTech.com, among UVMF’s board members is Real Freeway Ricky Ross, a notorious drug dealer who made an estimated $600-million fortune before being busted in a sting in 1996 trying to buy a kilo of cocaine from an undercover federal agent.

Ross “is rumored to have retained much of his fortune,” DailyTech reports.

******

Would you knowingly accept stocks in their company as payment? If so, the DEA might be interested in getting to know you better.
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HUFFPOST SUPER USER
Kristopher Leang
training to take down the elite
06:14 PM on 04/09/2012
a well established drug dealer who made 600 million was trying to buy a kilo?? that makes sense
10:01 PM on 04/09/2012
you think lots of the banks don't lauder money for the drug dealers. lots of these constructions companies don't start out with mob money.50% OF THE BUSINESS you see have shady dealings. a drug dealer is a better person to deal with than wall street. look how many people lost jobs, home and pension and no one got punish. you do that to a drug dealer and some one will pay. the code of conduct on the street is more real than the paper you sign with wall street.