B.s.d Crown Share Discussion Threads

[59martini] 20/12/2017 13:30

this company is doomed. I have owned since GEO/Emblaze days.
18 months suspended trading then to drop 25% in a week, that's awful.

[m welsh] 18/12/2017 11:15

Looks like Donald Strum has sold his 7.2% stake in the company !!. See BSD website

[giardap] 13/12/2017 19:00

Hang in there - will get some money returned

[waterloo01] 13/12/2017 11:28

There is no cash! All the cash is in Willy foods (I think)

[jimboyce] 13/12/2017 11:06

Willi has an $84m market cap. BSD also has cash that hasn't been taken. I think BSD OWNS 60% of Willi.So say $84m at 60%= $50m @ 1.34 exchange rate = £37m, plus cash, lets just say £20m = £57m. BSD market cap is today £27m. Therefore on this calculation the BSD share are valued at roughly half of what they could be.

[waterloo01] 13/12/2017 10:57

The ony value is in willy foods so should be relatively (BSD easy) to work out it's value against Nasdaq price?

[grahamburn] 13/12/2017 10:20

Holding up pretty well which is a bit of a surprise, but then it's likely that only the truly interested are aware of the re-listing.

Need to see how it pans out over the next few days.

[hotfinance14] 13/12/2017 09:05

Opened at 25p.

[waterloo01] 13/12/2017 08:57

Trading again. March to the exit?

[jimboyce] 07/12/2017 14:27

Ok, let's try to guess the opening price. I will go for 45p.

[grahamburn] 07/12/2017 12:24

Obviously no one else has noticed the RNS earlier this morning saying the company has applied for a re-listing.

[m welsh] 05/12/2017 12:50

If my dates are right, they need to re-list before 20th Dec, or they have to reduce the price of the shares they sold in August by 5p/share

[plake] 04/12/2017 10:35

Had a look gave up.

[waterloo01] 30/11/2017 16:14

had a quick look for old time sake. Never seen anything like it. The amount of legal actions are remarkable. They have written off all $48m cash that was pilfered by the Ukrainians. Beware the accounts include all of Willi foods money, as BDS don't have any!

Trying to relist! ho ho

[waterloo01] 30/11/2017 15:04

If anyone bothers to look at the reports, do share. Prurient interest only!

[m welsh] 07/9/2017 12:59

Lloyds stockbroker showing this as "Delisting", anyone any ideas on why !

[m welsh] 04/8/2017 10:11

Just spotted this on the BSD site, looks like the bank has been at fault as well

BSD Crown Ltd. (the “Company”;)
(LSE: BSD)

Company updates

Ramat Gan, 4 August 2017

Further to the announcements dated May 17, 2016, and June 20, 2017, the Company hereby provides notice of recent developments pertaining to the Company’s deposit of funds with Meinl Bank Aktiengesellschaft (the “Deposit”; and “Meinl”, respectively).

On June 16, 2017, the Company was notified by Meinl that a “default event” had occurred during May 2016 with respect to a loan taken by a Virgin Islands company by the name of Terminus Ventures Limited (“TerminusR21;) and that pursuant to such “default event” and a Custody and Pledge Agreement allegedly executed by the Company to secure Terminus’s loan, the Deposit became “redeemable221; for the purpose of covering Terminus’s debt.

The Company hereby clarifies that it has never committed or pledged its Deposit to secure any third party debt, including the alleged debt of Terminus, nor did it ever enter into the alleged Custody and Pledge Agreement. Not only that, the Company received multiple documents and certificates from Meinl, indicating that the Deposit was free of any limitations or third party rights, and relied upon such documents and certificates.

On June 20, 2017, the Company responded to Meinl’s June 16, 2017 notification and categorically rejected all of Meinl’s claims and arguments. On June 21, 2017, Meinl seized the Company’s Deposit.

On August 2, 2017, the Company issued to Meinl and its officers and directors a Notice before Taking Legal Action, in which it asserted that Meinl misappropriated the Company’s funds in gross violation of well-accepted banking procedures and its fiduciary duties, as well as the duties of its directors and officers. The Company further argued that a series of events supported by myriad evidence, implicates or associates Meinl in criminal felonies, including grand larceny, fraud and collusion to commit fraud. Meinl was required to immediately refund the Company the sum of USD $32,007,754.91, which were unlawfully expropriated from the Deposit.

[waterloo01] 31/7/2017 16:25

Not looked in for months, so no idea although sounds like a Norwegian blue (aka Python).

[m welsh] 31/7/2017 15:54

BSD site been down all day !!, anyone else found the same

[plake] 27/6/2017 21:25

hxxps://www.streetinsider.com/SEC+Filings/Form+6-K+G+WILLI+FOOD+INTERNATION+For%3A+Jun+22/13036192.html

[plake] 21/6/2017 14:45

They must have read my post.

[waterloo01] 20/6/2017 12:55

Now that is an absolute scream. Courts after Gurtavoy and the bank saying they own them another million plus further liabilities. Not what you expect if you deposit 30m and then the sharks circle.

[giardap] 15/6/2017 21:37

All gone I fear