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[shac-uk] Its time to put more pressure on HLS' customers

Discussion in 'Pet News' started by testmg80, Jul 19, 2009.


  1. testmg80

    testmg80 PetForums VIP

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    For those of you not familiar with HLS (Huntingdon Life Sciences), They are
    one of the largest animal testing laboratories in the world, with headquarters
    in the UK and a branch in New Jersey U.S. They kill 500 animals a day in the
    name of 'research'. My previous post here titled "The Cat" has some examples of what they do to animals. Not for the squeamish tho. Oh, on another note, they acquire their animals from the streets, strays, animal shelters, private collectors, etc.
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    Its time to put more pressure on HLS' customers, while HLS are in a weak
    position. Lets finish what we have begun and with your support, we believe we
    can.

    HLS' FINANCIAL POSITION

    Loss of 2 contracts
    Within the last 12 months, the situation for HLS has become critical. Due to
    the recession and campaign pressure, HLS have suffered a great deal
    financially. HLS lost two major contracts with customers recently which has set them back.

    Share price and recession
    The past year have seen their share price drop by 75%, from just under $40 to around $8. This drop has not just been due to the recession and exchange rates, but also to global campaigning against their shareholder base and customers.
    While all companies have suffered a loss of share price in the recession, it is
    only HLS that have dropped by such a huge amount. Other companies such as
    Covance have not had their share price drop by 75%.

    Loss of top shareholders, Baker Buyout:
    HLS have lost their top 5 shareholders in the past 4 months, including
    Barclays, Bank of New York Mellon and Highbridge Capital. Due to their share
    price crashing, Baker has even proposed buying out the remaining shares at a
    fixed price of $8.50, to sell the a newly formed company 'Lion Holdings, Inc.',
    an entity that is controlled by Andrew Baker, Chairman and CEO of Life
    Sciences. As a result, remaining shareholders are now filing two lawsuits
    against HLS as the price is unfair on those who paid a lot more. This merger
    deal costing over $110 million, yet more funding will put further financial
    debt on Baker and will make HLS (LSR) a private company.

    £72 million debt:
    HLS (LSR) are still £72 million in debt and their first published accounts for
    this year show a revenue decrease of 24%. In addition, none of the HLS
    directors were able to have bonuses last year. Brian Cass has had to cut jobs
    inside the UK labs and has himself said the future for HLS looks “uncertain”.

    2011 loan:
    HLS have borrowed a large sum of money due to financial problems, and this has to be repaid by 2011. However HLS will need to secure a loan to do so and currently are not able to get one. Intensive targeting of shareholders has sent out a strong message to all prospective investors that they will be targeted around the world if they provide financial support to HLS and so this has made it extremely difficult for them. This is one of the reasons why Baker is trying to make HLS (LSR) a private company.

    HLS struggling:
    Because of HLS’ poor financial situation and continuous pressure, we’ve
    been told by a financial expert that if HLS were to close one of their
    customers in the next 12 months, they will probably close down – and if they
    lost two customers, they would definitely close down.

    HLS need a $60million loan to pay off all their debts, which currently looks
    very unlikely that they will get it. They are likely to go bankrupt before this
    point if they lost an important customer.

    OUR CAMPAIGN

    Demos:
    Several co-ordinated Global Weeks of Action and ‘SHAC Mondays’ introduced
    over the past year to focus global targeting of specific customers, suppliers
    and other important targets. In 2008 there were over 800 demos globally against HLS. An increase on demos in 2007, despite draconian measures, show trials and long sentences being given to a few SHAC campaigners! With your support, the campaign continues.

    HLS exposed again in 2008:
    Now exposed 7 times in 12 years. As a result of this we are asking all groups
    to focus mainly on HLS’ top customers, such as Novartis, Astra Zeneca,
    Bristol-Myers Squibb, Sanofi Aventis, Bayer and so on.

    SHAC IS GETTING STRONGER

    SHAC North America:
    SHAC North America has been launched at this week's US AR 2009 conference in LA, and with campaigning and more groups growing across Europe, South America and the UK, it time to put more pressure on these customers, which are the life blood of HLS. NO CUSTOMERS = NO HLS. The campaign is currently in a strong position and we have an excellent opportunity to close HLS while they are more vulnerable.

    But we need your help to close HLS and help the animals inside this hell-hole,
    we need a concerted push and more pressure put on HLS' top customers now and or the follow months. Please organise a demo in your area, we can supply you with campaign resources and put you in touch with fellow campaigners and like-minded people across the globe.
    Also look at our Diary Dates page: SHAC >> Stop Huntingdon Animal Cruelty
    for upcoming demos, including a UK national demo at Highgate rabbit farm, a
    rabbit breeder who supply HLS and the next Global Week of Action in September.
    See you on the streets!

    Thank you all for your continued support over this long campaign, it has been a long and hard fight, but it not a fight we can shy away from, from the animals' sake and for humanity we will not stop until our job is done. Its up to all of us whether HLS closes sooner or later. It time to continue forward and fight harder then ever for the animals in HLS - until all are free!

    For a list of targets in the UK, see:
    SHAC | ACTION TARGETS
    For Global targets, see:
    SHAC >> HLS CUSTOMERS
    We especially need to concentrate on HLS' main customers now, again thank you for your support. Lets make it happen!

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    Disclaimer and Information:

    The details in this action alert are provided for information purposes only,
    and should not be used for any illegal activities as defined by the
    jurisdiction you live in. SHAC does not support or encourage any form of
    harassment; nothing in this alert has the purpose of inciting such behaviour,
    and we request that all communications are kept polite.

    For general information on the campaign to close Huntingdon Life Science,
    please visit our website SHAC >> Stop Huntingdon Animal Cruelty
     
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