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

[buzz.hausner at verizon.net (buzz.hausner@verizon.net)]

The technical term in the medical profession is, "[the patient is] circling 
the drain."

Buzz Hausner

> 
> From: mak@teleport.com
> Date: 2005/02/17 Thu PM 12:13:43 EST
> 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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