Dbay’s withdrawal from the battle to buy the overvalued junk floated by mortgage fraudster Uzi Katz, that is to say Telit Communications (TCM) has left stale bulls lookimng increasingly daft. And at least one appears to be getting desperate as the shares slide – and will continue to slide as I explained HERE.
Telit Communications (TCM) reckoned that a cash offer of £1.948 from Isle of Man based asset management business per share fundamentally undervalued the company. Dbay disagreed so has pulled the offer. Ooops.
Shares in Telit (TCM) the company founded by fugitive from US justice, the fraudster Oozi Katz, a man who is still the second largest shareholder and who the FCA seems intent on not prosecuting despite his bent share dumping ahead of a profits warning, says it has received two bid approaches. But before mug shareholders celebrate too much….
Shares in Telit Communications (TCM), the company founded by mortgage fraudster Oozi Cats, have collapsed from 170p two months ago and 150p a month ago to just 114p to sell. There are three possible reasons for this and I have written to the Oxymorons at AIM Regulation asking it to force the poltroons at Nomad FinnCrap to force Telit to issue a statement. The letter is below.









