Telit Communications Share Discussion Threads

[elcapital2017] 21/8/2017 08:30

Thought there was going to be a massive RNS glencaz....as you had been promising all weekend. ???

Where is it?

When the price goes down, it isnt called a rally!

[glenkaz] 21/8/2017 08:25

Volitiliy by o n fear 💪🤡

[tsmith2] 21/8/2017 08:22

sharp reversal equally probably. my bet

[glenkaz] 21/8/2017 08:20

Thought you'd say that 🤡🖕

[elcapital2017] 21/8/2017 08:17

Sub 100 today? Every chance I would say.

[glenkaz] 21/8/2017 08:15

🤡🖕 ha ha!

[muffster] 21/8/2017 08:09

Bad news Glenda

[pugugly] 21/8/2017 08:09

Odds on the £ barrier being broken today ..............

[muffster] 21/8/2017 08:04

Falling again. Great new product but cash flows not expected from orders until end of the year. Funds needed here to keep business going

[tsmith2] 21/8/2017 07:46

Letmepass is that the news you were referring too?

[tsmith2] 21/8/2017 07:24

LONDON, Aug. 21, 2017 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced the LM940, the world's first global Full PCI Express Mini Card (mPCIe) module for the router and gateway industry supporting LTE Advanced Category 11 (Cat 11) with speeds of up to 600 Mbps, available with various mobile network operator approvals in the fourth quarter of 2017. For more information on the LM940 mPCIe module, visit:

[glenkaz] 21/8/2017 06:55

Rns! Anyone 🤡✌A039;

[muffster] 20/8/2017 23:13

It won't end well, the likelihood is that an external audit will prove the falsifying

[glenkaz] 20/8/2017 22:58

And! Your point is 🤡✌A039;

[verulamium] 20/8/2017 22:28

No mention of the Sunday Times article? Obviously this is worth nothing compared with a clown flicking a v-sign, but it might be worth some consideration.

Oozi Cats’ home in Rome linked to €12m tax battle
Sabah Meddings

Questions have emerged over the home of disgraced former Telit Communications boss Oozi Cats in Rome.

Telit, whose ousted chief executive is at the centre of a 25-year-old fraud case, paid for Cats’ home in the grounds of Castello di Torcrescenza, an Italian castle. However, documents seen by The Sunday Times reveal that this property is owned by Fabrizio Sardagna, an entrepreneur charged with tax evasion.

There is no suggestion that Telit was involved in this tax evasion, but the association will pile more pressure on the company over corporate governance.

Yosi Fait, the chief financial officer, has been fighting to reassure investors after Cats, 56, was forced to resign from the AIM-listed company last week after it emerged he was the same man as an Uzi Katz wanted by US law enforcers.

The link between Cats and the castle was first raised last year and the property is part of a €12m tax dispute. The address Cats lists with Companies House has since been changed from Rome to London, at the Telit offices. Telit declined to comment.

Meanwhile, moving on from the fraud case is not Fait’s only task. A dismal set of accounts has sparked doubts over the company’s finances. Fait needs to show investors that the company can generate cash in the second half.

Questions also remain over the strength of due diligence carried out by company advisers. Canaccord resigned in May and Berenberg raised £39m for Telit in the same month, which it said was to fund acquisitions.

However, when the company posted interim results this month, it revealed this cash had instead been absorbed by losses — to the surprise of shareholders.

Telit, which has been listed on AIM since 2005, has seen its shares fall 65% since the fundraising in May — with the stock closing on Friday at 123.99p, down another 1%.

Prior to the scandal, investors expressed concern over executive pay. Cats has been paid $23.3m since 2009, in a period the company made net profits of $62.9m.

Telit has appointed headhunters Korn Ferry to find three non-executive directors, including a new chairman. Almost 13% of Telit’s stock is now on loan to short-sellers betting that it will fall further.

[blackbear] 20/8/2017 20:07

TERN

device authority working with Microsoft and google watch this space.

[glenkaz] 20/8/2017 19:35

Well what a nice roast I had 🤠 Desert tomorrow.... roasted shorts! 🔥😱 yummy 🖕🤡

[glenkaz] 20/8/2017 12:44

Stop talking to your self and looking in the mirror! I can help you! Go long 🤡✌A039;

[elcapital2017] 20/8/2017 11:48

This kid is seriously deranged!

[glenkaz] 20/8/2017 11:35

Right out for the day with 👩‍b78;️ Having lunch at our usual restaurant!! Yum yum! Roast today! Suppose you shorts be having the usual? A tw 🍕 With the usual topping 💩! Enjoy 😱 Ha ha! 🤡✌A039;

[glenkaz] 20/8/2017 10:52

Hope we get news Monday and shorts 🔥😱

[gargleblaster] 20/8/2017 10:25

Currently 13.04% short interest according to Short Tracker.

[glenkaz] 20/8/2017 08:40

Money mail article headline tcm another aim scandal! Does not say fraud!!! All priced in imo! Good news Monday 🤞 Hopefully 🤠✌A039;