[Leica] Leica Solms reports 50% loss what does this mean?

[philippe.orlent at pandora.be (Philippe Orlent)]

IMO It means that they're in deep S*** and have to propose a plan for the
future to get the shareholders happy again and to avoid the end of the
company as it exists now. What this plan will be is not announced yet.


> From: <mak@teleport.com>
> Reply-To: Leica Users Group <lug@leica-users.org>
> Date: Thu, 17 Feb 2005 09:13:43 -0800 (GMT-08:00)
> To: Leica Users Group <lug@leica-users.org>
> Subject: [Leica] Leica Solms reports 50% loss what does this mean?
> 
> Leica Camera AG, Solms, expects the existence of a loss in the amount of 
> half
> of its registered share capital in March 2005. The Company?s Board of
> Management will make a corresponding announcement according to section 92 
> (1)
> of the German Stock Corporation Law (AktG) at a General Meeting to be held 
> on
> May 31, 2005. 
> Concurrently, the Board of Management prepares a turnaround strategy. It 
> will
> propose at the General Meeting on May 31, 2005 that capital measures be 
> taken.
> In connection with such measures audits are conducted at present. The 
> measures
> proposed will be announced and published in the designated journals at the
> time of the convening of the General Meeting and the announcement of its
> agenda. 
> 
> 
> What are the implications of this?
> 
> 
> 
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