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

[tedgrant at shaw.ca (Ted Grant)]

mak@teleport.com asked:
>> What are the implications of this?<,

Well straight out of the cupboard? Tit's up!
ted

To: "Leica Users Group" <lug@leica-users.org>
Sent: Thursday, February 17, 2005 9:13 AM
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. <<<<<<<