B.s.d Crown Share Discussion Threads

[waterloo01] 06/1/2016 17:31

Hard to know, but it is shambolic/criminal but WILC is still quoted on Nasdaq with a $54m valuation, so really shouldn't go lower than the % value on the books.

Another question is where is the other $10m + of cash that should have been directly on BSD books (not consolidated cash).

Could be suspended IMO but equally they might pull something out the hat and buy out the remaining shareholders (hope over experience).

[my retirement fund] 06/1/2016 17:20

Dont know how low sorry.What is clear is they have been reluctant to tell us of this shocking situation which beggars the question of what else have they been keeping from us.In short if they cant get their cash back it could go a hell of a lot lower and ultimately even bust.

[landsker] 06/1/2016 17:05

i guess a gambler could make a quick 80 percent buying this now if they assume the cash will be returned, its a big IF though, its all very strange, how low can it go ?, zero if the cash is gone, if not 23p could be quickly reached

[cheeky13] 06/1/2016 17:05

How low can this go? Seriously thinking about slowly dumping this.With a heavy heart after nearly 20 years of buying and holding this stock, just can`t see this going up.

[cjohn] 06/1/2016 13:27

The financial officer resigned at start of December. Best guess this was to do with the banking arrangements?

[waterloo01] 04/1/2016 08:34

Yes, good. Didn't know as a small holder one could do this under Israeli company law. Lots of other questions I'd like to put once they answer this one.

[plake] 04/1/2016 08:23

Any comments on latest rns?

[waterloo01] 30/12/2015 17:44

I think you'll find shady people deal with shady people generally,I don't think that's exclusive to any race, but in this case one suspects there might be a Ukranian connection.

All said and done, there is a buyer in the background as you can shift reasonable volumes and that's not always the case.

[my retirement fund] 30/12/2015 17:16

Ah that'll explain the motivation - they like to look after their own first (as does every seperate culture).Should think Golman Sachs ended up with the loot in a roundabout way regardless!

[landsker] 30/12/2015 15:07

julius meinl, british born jewish guy, the bank has a recent history of investigations into it, if indeed this is the bank in question

why didnt they just put it with goldman sachs

[my retirement fund] 30/12/2015 13:11

Google search of Austian bank that had its rating adjusted by said rating agency to stated rating and bingo.

Seems the regulators want the board flushed out and then for the bank to recapitalise, however it seems to be a private bank and the directors are refusing to go.

Just thinking aloud but note the deposit was in dollars rather than euros so I wonder what an earth they have done with their clients (BSD's) money?

[plake] 30/12/2015 13:05

How do you Know that mrf

[my retirement fund] 30/12/2015 12:38

This seems to be the offending bank: hxxp://www.meinlbank.com/en/home

[landsker] 30/12/2015 10:26

i just dont buy this, these people are not stupid, just remember one thing, they want to get all our shares at a cheap price, so scare stories that might not actually be that scary but push down the share price might suit them

[plake] 29/12/2015 19:51

I have no idea but can we read anything into the fact that the name was not given?.

[waterloo01] 29/12/2015 19:03

Any ideas which Austrian bank they have $30m with? Would be odd for an EU bank now to go bust and not be able to pay back depositors? Straws?

[my retirement fund] 29/12/2015 18:50

I would also suggest that the last derivitive contract that was taken out to push the shareprice up was done so that somebody could take a short position.This stock is now headed for new lows imo pennies!

[waterloo01] 29/12/2015 18:49

It would seem that might partly be the case, in the least they are far from aaa rated. Why they have done this is crazy. With the company valued at less than cash and the cash in $$, there was/is no reason to chase an interest rate. Guess the Ukranians et al at least they will suffer as much as the rest of us, IF the bank defaults. Hope they get some clarity on this ASAP.

[plake] 29/12/2015 18:42

So basically all the companies cash is held by dodgy banks, am I correct?

[my retirement fund] 29/12/2015 18:26

A bust bank !

[landsker] 29/12/2015 17:26

so they put 30 million in a bank and now the bank will not return it to them

what kind of bank does that

[waterloo01] 29/12/2015 11:42

Jozz, I know that but to take the risk with the cash when they didn't need to is what I find hard to understand.

[landsker] 29/12/2015 11:35

looks very dodgy,

[jozz] 29/12/2015 11:34

Waterloo

Because lower rated banks pay higher rates of interest on Cash Deposits.

They have to pay higher rates to attract the money.

What this means though is that for the bank to make a profit they then have to lend the money out on projects that return even higher rates of interest ie much higher risk.

The interest rate is the price of the risk so higher rate means higher risk.

As always pure naked greed at play.

Jozz