B.s.d Crown Share Discussion Threads

[plake] 15/8/2016 13:59

Well that document is obviously a complete pack of lies.

[grahamburn] 15/8/2016 09:24

Not sure why you say that being a PDF document might make it irrelevant, as a PDF can be printed - and probably was. All companies put their documents online in PDF format.

The more important point is what document did this extract appear in and what date was it issued, although the extract does sound like a standard piece of PR which any company might produce.

[moneyman18] 15/8/2016 00:55

Well checking the companies own documents I came across this, Very ethical piece of documentation, however this was a PDF document so no even on paper so not really sure what is worth



1.7 Relations with shareholders

1.7.1 It is the Company’s aim to generate an attractive and sustained shareholder return while continuing to invest in future growth.

1.7.2 The Company will communicate its business policies, achievements and
prospects honestly and will not advantage one class of investor at the expense of another.

1.7.3 The Company encourages the direct approach to senior management for
questions and clarifications on the Company's business activity.

1.7.4 The Company will comply with corporate governance regulations and will adopt best practice in this regard whenever practical and appropriate considering the Company's size and resources.

1.7.5 Employees, officers and directors who have material non-public information about the Company or other companies, including the Company’s suppliers and
customers, as a result of their relationship with the Company are prohibited by
law and Company policy from trading in securities of the Company or such other
companies, as well as from communicating such information to others who might
trade on the basis of that information. To help ensure that employees, officers
and directors do not engage in prohibited insider trading and avoid even the
appearance of an improper transaction, the Company has adopted specific
policies; the Insider Dealing Policy set out in policy 9 below and the Share
Dealing Policy set out in policy 10 below.

[moneyman18] 12/8/2016 19:15

"I hereby resign from my membership as a member of the board of directors of
the Company ("the Board"), due to difficulties in properly performing my duties
as a director of the Company, in light of the recent developments and status of
the Company.

My resignation is to become effective as on the date of this letter."

The wording tells a story, and looks to be another step towards reassuring holders that everything has gone.

True professional closure, this is text book stuff

[moneyman18] 04/8/2016 23:59

Is Willi Foods just a haulage company ?

I thought it was a food production company it looks to be just an import company surely I have this wrong BSD paid over 55 MILLION for it ?

with 50 Million cash already down the drain, what is willi foods really worth

what is BSD really worth if it came back to the market ?

[gobbyash] 04/8/2016 10:45

It was fun, back in the day, with Gadger's stories ;-)

[moneyman18] 04/8/2016 10:15

These people are professionals

So sadly no

[waterloo01] 04/8/2016 08:03

Neftalli and the auditors will be shot a dawn, along with everyone else involved before, during and since.

[moneyman18] 03/8/2016 23:41

Seems the 13 Million has gone, Sad to see the company that brought Video to Mobile being Raped like this, But for some people its called business

All above broad and legal

[hotfinance14] 26/7/2016 12:18

I hope he enjoyed his prison stay.

[waterloo01] 26/7/2016 12:04

The $13m was the easier to get back of the two amounts. They don't have a cat in hells chance in getting the $30m with the Austrian bank as it was used as collateral and shipped to the Ukraine.

Hope they go back at least as far as Neftalli. Odious man who took shareholders for a ride but get all his ill gotten gains out!

[moneyman18] 26/7/2016 08:51

The Lawyers are probably going to get the rest of any cash left,

That business, I suppose, I guess, no different to BHS type of collapse

[tivoliworldgaming] 26/7/2016 08:33

Loosing 50m dollars sounds about right for a company with the word Crown in its name.

[meperry] 26/7/2016 00:09

how much is 1 old emblaze share worth today

[moneyman18] 25/7/2016 13:45

Latest update implies that the company has lost the 50 Million dollars

[tivoliworldgaming] 20/7/2016 20:06

The warning was in the name. As Langbar's old name was Crown Corporation.

[moneyman18] 18/7/2016 22:10

I do feel sorry for holders, as everyone is leaving the ship,

AND Still the shares are not trading

[ragewarrior] 15/7/2016 13:48

All these thieving bar stewards should resign...

[moneyman18] 07/7/2016 22:14

You have a very small chance that the accounts will be signed off, which would imply that the accounts are sound, if that happens you could get 75p for your shares. however its a very small chance. The flip side of course is nothing and all money lost.

You have to ask why those people with money brought such large numbers of shares they must have know something as they were splashing out million dollar buys

[grahamburn] 06/7/2016 11:22

Believe you a little bit more if you had a buyer already.

Otherwise it's just a fishing exercise.

[gclark] 06/7/2016 09:38

I have slept on it.
Having thought things through, I think there is a possibility (maybe 50/50) of somebody wanting to buy our shares. I know I have been wrong in the past on this share! But if you want to realise some cash from your shareholding then it is worth doing this. I understand there is 20% of the company in small shareholders' hands.

So for anybody reading this, I would sell my 27500 at 25p.

Everybody else do this to build up a sizeable sum and then I would be prepared to pass on contact details of any buyer, if there is one.

[moneyman18] 05/7/2016 16:26

I hope it all works out for current holders, Maybe the Apple case will come GOOD, and the 30 million will be JUST a drop in the Ocean

[waterloo01] 05/7/2016 13:55

1st one I've missed in a couple of years, but then I did sell out when Andy Bough exited.

Class action. lol.

[gclark] 05/7/2016 13:24

hi all
Yes it did happen. I attended. There were two groups, the Company and Chairman being represented by a solicitor, it appears, as the Chairman couldn't travel, with a group of 3 company lawyers and the controlling shareholder, BGI. The main petitioner with a lawyer and advisor.
Oh, and me! And the registrar.
Some procedural issues discussed, as some items on the agenda were to be referred to a later meeting.
The vote had already been done and there was disagreement as to when the results would be put out in an RNS.
And that was the end.
But I asked when the shares will come out from suspension, which is reliant on the accounts being approved by some auditors. Current auditors are not happy to sign off the accounts, others are being talked to.
I also asked about the $30m in Meinl, and got some more information from the petitioners, and more about their concerns if the current Board continue. But we don't know the result of the vote yet.
Presumably nobody attending had any involvement in any corrupt activity, if it has been done. I write like this to avoid any legal action against me as there were more lawyers there than shareholders!
The most upbeat comment from the petitioners was that we may get some of the cash back. It was highlighted that I could start a shareholder Class action.