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.