They're thinking "Hmmm, do we hand this mountain of cash we're still sitting on back to the shareholders and close up shop, or do we spend that cash frivolously on doomed loss leaders schemes and executive salaries?"
I think you can probably guess at the answer. But really, anyone still holding BB stock at this point is staking more of a religious position than a business one. Anyone with any interest in meaningfully profitable investment strategies dumped BB a long time ago.
The next stage, I'm presuming, is for BlackBerry to turn into SCO and start trying to extort license fees from Android manufacturers and Apple.