B.s.d Crown Share Discussion Threads

[moneyman18] 05/9/2016 11:23

You can't make this up, glad to be a by stander

[jimboyce] 05/9/2016 09:31

One of the benefits that will be derived from the tender offer, notwithstanding than it is underpriced, is that it should flush out any deals like the aborted one just discovered. Due diligence will hopefully provide some further discoveries.

[moneyman18] 04/9/2016 18:28

Still no news from the company, I agree with the above, IF you can get 25p a share its probably worth being in control of your money

[gclark] 04/9/2016 13:28

Hi all

As I said previously, I attended the AGM this year, the only PI to attend. Please see previous entry to find out what happened. I did hear that there was thought of an offer for shares which was why I posted an entry suggesting we identify if we were willing to sell and at what price. This is now public.

The reasoning behind this from willi foods people is they are worried about more news stories about monies from BSD and Willi foods going missing/being used as collateral for loans, and some concern about Israel 18, apparently the controlling shareholder of BGI and therefore BSD. The belief is that new people need to be on the Board of BSD to get the money back and stop more being used in this way. That was why there was a bunfight at the AGM between these shareholders and the Board. We are actually fortunate that there are shareholders with resources effectively pursuing our interests in this matter, that questions are being asked and the Board is under pressure to act. And some action is happening, including from the company itself. In other circumstances you might find a company that just gives up, but not in this case, I believe.

So is 25p a fair price? We might get, in my opinion, 0-50p per share, but I think more likely at the lower end of the range. One of the problems in evaluating the company is that the Balance Sheet consolidates ALL the assets of companies that BSD is the majority shareholder of, as far as my knowledge goes, so I try to apportion the assets of such companies to BSD and the other shareholders of the partly-owned subsidiaries. I am not an expert on accounts, this is what I believe, but DYOR.

I have been in a discussion about a class action, but this offer has now developed, the Board do seem proactive in getting hold of the monies, but there is some scepticism perhaps about one or two Board members.

Overall I would take 25p and reinvest elsewhere.

Just to be clear, I have no financial interest in people taking the offer other than being able to realise 25p per share for my shares as a result of reaching the 10% threshold, which I believe is necessary. If that isn't achieved, it is my understanding that the tender offer could fail and we will be as we are currently.

AIMHO

[moneyman18] 03/9/2016 15:17

I guess you can keep your shares, if you don't want to sell them

REMEMBER DANKA the Printer company MILLION were made by those who held their shares

[moneyman18] 03/9/2016 15:09

well nothing is impossible with this one.

Shame APPLE CASE is deemed worthless by US law, this is even AFTER MicroSoft paid a token sum;

because that was the BIG Biscuit here, worth BILLIONS

[moneyman18] 03/9/2016 10:48

its just business, and I am sure there will be a lot of holders who had just brought in, those people will be well pleased to get their money back.

IF you guys got a pound, I would probably feel ill and get a bit depressed and would that be fair ?

The question is how will they buy these shares, off the open market, hence a re list or is it a sweet deal with a big holder

At present your shares are worth nothing

[m welsh] 02/9/2016 19:23

How much of the company would they need to own before they can take it private and force us to sell our shares !!

[moneyman18] 02/9/2016 16:45

Ok if you can sell em, otherwise you are stuffed. Strange makes you wonder what these people know, unless they are clearing naked shorts.

As a non holder am I reassured that I was right to sell ?

[hotfinance14] 02/9/2016 15:20

B.S.D. Crown Ltd
Tender offer for shares in the Company
BSD Crown Ltd. (LSE: BSD)

(the “Company”;)

Tender offer for shares in the Company

Ramat Gan, Israel, 2 September 2016

The Company has been informed by the Israeli lawyers to Yossi Willi Management and Investments Ltd (“YWMI”) that YWMI intends to commence a tender offer on or about 5th September 2016 for not less than 10% and up to 23% of the issued and outstanding shares in the Company at a price of 25 pence per share.

The Board is meeting to discuss the proposed tender offer on Sunday 4th September and will make an announcement following the meeting with its views on the proposal.

[m welsh] 02/9/2016 13:18

Emoze webpage back up now, guess that's the Temporary Liquidators at work

[moneyman18] 31/8/2016 15:12

Very professional move

[m welsh] 31/8/2016 12:50

Looks like Emoze webpage has been removed as well, quick work by BSD

[m welsh] 31/8/2016 10:46

Released : 31/08/2016 09:14

BSD Crown Ltd. (LSE: BSD)

(the "Company")

Court resolution respect BSD subsidiary, Emoze Ltd.

Ramat Gan, Israel, 31 August 2016

The Company hereby announces that on 30 August 2016, a hearing regarding the
Company's subsidiary, Emoze Ltd., was held at the Israeli District court in Tel
Aviv, in which the Court decided to appoint a temporary liquidator, Adv. Hayut
Greenberg (the "Temporary Liquidator"). The Temporary Liquidator authorized to
capture all Emoze's assets including intangible assets and patents to secure
and insurance them.

Emoze's board of directors, CEO and other officers will be suspended, effective
immediately, including the right to sign on Emoze's behalf, and are instilled
to the Temporary Liquidator.

The Temporary Liquidator will submit a first report until 11 September 2016.

Guess this is all to do with loosing the court appeal against Apple !!

[moneyman18] 30/8/2016 11:11

Its always very interesting to follow the news with BSD, I am lost to what the out come for holders will be, but I keep thinking that they might be OK. we shall see as I know NOTHING,

just an ex holder, who thinks they got out at the last chance,

[moneyman18] 29/8/2016 21:32

Maybe this is why apple can not pay for stolen ipr, it can not afford too

[moneyman18] 25/8/2016 17:54

Very Tidy exit well done


Termination of CEO's management services agreement

Ramat Gan, Israel, 25 August 2016

Further to the Company's announcement of 15 July 2016 regarding Israel Yosef
Schneorson's decision to step down from his post as CEO with effect from 31
October 2016, the Company hereby announces that the Board of Directors notified
Mr. Schneorson, on 24 August 2016, that his management services agreement with
the Company is terminated with immediate effect in light of the latest events
as the Company published in the last months. Consequently he will cease to act
as the Company CEO from that date. On the basis of legal advice from the
Company's Israeli lawyers, no further details can be given at this stage.

The Board will make an announcement about a replacement in due course.

[moneyman18] 19/8/2016 22:38

it does look as like the small holders will get sweet FA.

But thats just business to those who have made BIG BUCKS

[waterloo01] 19/8/2016 15:00

The rats are all arguing about who gets what's left of your money. They are all reprehensible and should to a man be shot at dawn. Neftalli is IMO the worst, having screwed the shareholders over when HE sold out at 70p and was in charge when most of this all happened.

[moneyman18] 18/8/2016 13:50

Using the word "Thieving" implies something illegal has happened.

No evidence of that, everything is above board, the only place these people will be going is to the beach.

[ragewarrior] 16/8/2016 07:17

I bet all these directors deny moving the cash abroad, they are all corrupt.They will probably sell BSD for £1 like BHS after they have now bleed it dry.They will be so pleased with the millions of ££££'s that has strangely appeared in their personal bank accounts to buy themselves new ?, ? and ?. .. Thieving Bast*rds ?

[moneyman18] 15/8/2016 16:38

All the Directors even those who are doing a runner, all claim vast experience in Finance and Legal matters,

On paper they are the best type of people to guide a company like BSD, a VERY ethical team