[Leica] Leica Solms LUG LHSA Buyout

[bdcolen at earthlink.net (B. D. Colen)]

Well I'm not a business expert, and I don't play one on t.v., but I
can't think of ever reading an announcement by a U.S. company that it's
losses were equal to half it's market cap...Except perhaps some buggy
whip manufacturer that's long gone.

-----Original Message-----
From: lug-bounces+bdcolen=earthlink.net@leica-users.org
[mailto:lug-bounces+bdcolen=earthlink.net@leica-users.org] On Behalf Of
Daniel Ridings
Sent: Thursday, February 17, 2005 4:38 PM
To: Leica Users Group
Subject: RE: [Leica] Leica Solms LUG LHSA Buyout


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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