Author Topic: BBS Gone bust?  (Read 2628 times)

Offline Martz

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BBS Gone bust?
« on: 07 February 2007, 09:56 »
Read it on another site, is it true?

Online jv

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Re: BBS Gone bust?
« Reply #1 on: 07 February 2007, 10:01 »
Hard to believe that, where's the story?
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Offline Martz

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Re: BBS Gone bust?
« Reply #2 on: 07 February 2007, 10:12 »
http://finanzen.net/news/news_detail.asp?NewsNr=482151

Translated -

BBS power automotive engineering places bankruptcy application 06.02.2007 16:37:00 Schiltach (aktiencheck. de CORP.) - the BBS power automotive engineering CORP. (ISIN DE0005196232/ WKN 519623), a bidder of high-value easy metal wheels, reported on Tuesday that it placed bankruptcy application on the 2 February 2007.  Although to the moment of the proposal position yet outlook rich negotiations were led to the restoration of the solvency of the business, reason was for the proposal position that the company had run into earnest liquidity difficulties and the end of the proposal time period after 92 sec.  2 of the shares law before the flow stood. 

Finally a solution was outlined for the restoration of the solvency of the business, that should be carried by the Großkunden of the business.  The promises of the Großkunden to allocate the required liquidity through larger before maturity-payments, were given also.  The conversion of the draft failed however in the night to the 6 February 2007 due to the resistance of one of the involved banks although the company had cleared the financing banks to the purpose of the continuation of the financing securities.  An Auffanglösung under Ausklammerung of the relevant bank realization in the course of the current day no longer. 

The share of BBS power automotive engineering notes in Frankfurt presently unchanged in 9.00 Euros.  (06.02.2007/ac/n/nw)


Offline [han]

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Re: BBS Gone bust?
« Reply #3 on: 08 February 2007, 08:12 »
i read that too martz.   :undecided:

Offline tom26

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Re: BBS Gone bust?
« Reply #4 on: 08 February 2007, 10:36 »
wish i understood it.

Offline Organisys

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Re: BBS Gone bust?
« Reply #5 on: 08 February 2007, 10:42 »
Lets hope VAG group buy them!

... it's turned into a fashion show for poofters.

Offline Martz

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Re: BBS Gone bust?
« Reply #6 on: 08 February 2007, 10:42 »
wish i understood it.

Erm, I translated it Tom..............................

Offline Mr Blue

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Re: BBS Gone bust?
« Reply #7 on: 08 February 2007, 11:06 »
they stopped making RS splits time ago so who cares :laugh:
:)

Offline tom26

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Re: BBS Gone bust?
« Reply #8 on: 08 February 2007, 17:32 »
ok. so what the hell is grosskunden?? And i wouldn't know an Auffanglusung from the lesser spotted ausklammerung if it came up and bit me on the ass!

Offline jase555

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Re: BBS Gone bust?
« Reply #9 on: 08 February 2007, 17:35 »
should bump the price of a set of 2nd hand rims. good news for us lads who got some.   :grin:
DUBS DONT DIE, THEY JUST GET LOWER!!