[Leica] Leica Solms LUG LHSA Buyout

[daniel.ridings at edd.uio.no (Daniel Ridings)]

It's not great news, of course.

But some of the announcement is just what the board is obligated to do
when a certain percentage of capital is used up. The wording is just what
has to be said so that the board meets the requirements of law.

But to get to that point where you have to start covering your tracks (the
board doesn't want to be held personally responsible now do they) ... to
get to that point is no good news.

They'll need a plan :-)

Daniel

On Thu, 17 Feb 2005, Bob Haight wrote:

> Anyone or group can make a friendly (in conjunction
> with the Leica board) or hostile takeover offer for
> the company. It takes enough cash or trade of stock to
> existing shareholders to tender their shares. Very
> simple concept if you have the cash or stock in your
> company to offer them. Bob H.
> --- mak@teleport.com wrote:
>
> > Marc James Small and other Lawyers out there...could
> > LHSA/LUG buy Leica? What would it take?
> >
> >
> > -----Original Message-----
> > From: Frank Filippone <red735i@earthlink.net>
> > Sent: Feb 17, 2005 9:36 AM
> > To: Leica Users Group <lug@leica-users.org>
> > Subject: RE: [Leica] Leica Solms reports 50% loss
> > what does this mean?
> >
> > Yes and no.  Deep doo-doo, yes; unhappy
> > stockholders, yes; for sale, ? soon
> > to be no more, kinda, not in its present form.
> > Something must change.
> >
> > Hermes must have lost patience, or is losing
> > patience.
> >
> > Thought... a LUG buyout of Leica.  If we were
> > successful.....
> >
> > Marketing would be listening to the various forums
> > to supply it with and
> > respond to customer inputs,
> > Worldwide Passport warranty service with Passport
> > warrantees avbailable WW
> > and serviced WW, no exceptions,
> > I could have an MP with a rational rewind knob, at
> > rational prices instead
> > of gouged prices,
> > Ted could have a Leica digital R body yesterday,
> > Seth could have unlimited special editions in teeny
> > tiny quantities,
> > Doug could have the Canon bodies that Ted no longer
> > needs,
> > We could all have a digital M by contracting Cosina
> > to do the deed.
> > Nikon and Canon mount R Leica lenses would be
> > available tomorrow, AF to
> > follow,
> > No more Null series bodies or other wacko ideas of
> > past glory, that lose
> > money,
> >
> > Others?
> >
> >
> > Frank Filippone
> > red735i@earthlink.net
> >
> >
> >
> >  He said that a salesman at Keeble-Shuchat told him
> > Leica was on the "block"
> > soon to be no more...Does this financial
> > announcement from Solms validate
> > that comment?
> >
> >
> > _______________________________________________
> > Leica Users Group.
> > See http://leica-users.org/mailman/listinfo/lug for
> > more information
> >
> >
> >
> > _______________________________________________
> > Leica Users Group.
> > See http://leica-users.org/mailman/listinfo/lug for
> > more information
> >
>
>
>
>
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