Jaguar Financial Corporation, a shareholder of Research In Motion Limited, on behalf of itself and other supportive shareholders, today called upon the Directors of RIM to establish and carry out a formal process for the maximization of shareholder value. The process proposed is "a potential sale of the Company or a monetization of the RIM patent portfolio by a spin-out to RIM shareholders." Furthermore Jaguar had stated, "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." RIM's share prices has taken a blow from $149.90 in June 2008 to $29.59 on September 2, 2011, representing a 80.3% decline.