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Telit & that disposal - still a sell

2018-07-15 08:17:18

After nearly a year of trying, Telit Communications (LTCM) has finally announced the sale of its Automotive business. This is to Hong Kong-listed TUS International for $105 million (£80 million), a long way shy of the £100-150 million being bandied around by the FT back in October.

Telit & that shocking Window Dressing of Debt - a reader assists

2018-05-02 03:36:30

I asked the question yesterday whether the net debt figure claimed by Telit (TCM) as at 31 December was representative. If so why have so much expensive debt but also so much cash yielding bugger all. A reader helps - this is window dressing.

Telit - results re-emphasise a compelling sell at 160p

2018-05-02 02:36:15

Despite missing even the most pessimistic forecasts, Telit Communications (TCM) was given the thumbs up by the market, up 3% as I write, to 160p. I guess on the basis that the kitchen sink job is now over and it is onwards and upwards from here.

Telit – dire 2017 results, it argues now “well positioned”, but there red flags aplenty

2018-04-30 07:58:05

Telit Communications (TCM) has announced results for the 2017 calendar year, emphasising “trading in the first quarter of the current financial year was strong and well ahead of last year… we are confident that our performance in 2018 will significantly improve and see double-digit growth, stabilised gross margins and the implementation of cost optimisation”. Hmmm, “significantly improve” from where? And how’s that balance sheet?..

Table of shorted AIM shares - week to 13/04/2018

2018-04-14 05:15:02

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Aide Memoire for the FCA: Telit Communications. Never Let Bygones be Bygones. Sell

2018-04-07 05:03:28

“Let bygones be bygones” is an extremely dangerous sentiment when it comes to investing and invariably leads to regret and recriminations. It is certainly the wrong sentiment for regulators. It was apparent last year in Telit Communications (TCM), which was given a relatively easy ride by the market after it emerged that its founder and CEO, Uzi Katz, was a fraudster and fugitive from justice.

UPDATED: Telit - FCA now investigating - Yes Yosi Fait you are a fecking insider dealer

2018-03-27 02:38:22

Telit Communications (TCM) and its advisers, notably PR morons Adrian Duffield and Chantal Woolcock of Instinctif, really are fucktards of the highest order. They have had to correct a statement fessing up to an FCA investigation in a material way which changes its meaning. God help these clowns.

Telit: The Unravel Continues

2018-03-17 07:36:59

The market was remarkably sanguine about the operational update served up by Telit (TCM) this week and at 160p the shares remain a compelling sell.

Telit is this its fourth, fifth or sixth 2017 profits warning?

2018-03-13 04:46:56

You rather lose count after a while. The first 2017 profits warning was on August 7, when mortgage fraudster and fugitive from US justice Uzi Katz served up the interims. Thereafter with insider dealer Yosi Fait taking over Telit Communications (TCM) has served up so many profits warnings that I have almost lost count. And today there is another...

Telit announcement - ShareProphets RNS Translation Service

2018-01-29 05:24:27

Yesterday Telit (TCM) got tame journalist Ben Harrington to leak that it had received bids for its only asset of value its auto division. That has forced a statement which is, of course, all spin. Here is the ShareProphets translation service. Our comments are in bold.

Telit - the fraudsters favourite "journalist" has "news"

2018-01-28 09:58:10

Ben Harrington is the go to journalist if you are a fraudster who wants to leak news and get a positive spin on it, just ask Rob Terry or the apologists for genocide and securities fraudsters at MySquar. So natch Telit (TCM) has asked him to leak news of the possible sale of its crown jewels , itts aiuto division. Hmmmm.

Shorted AIM shares at the start of 2018

2018-01-06 10:50:13

We review the performance of the shorted AIM shares as at the start of each year. For 2017 that review is HERE and, from the FCA's spreadsheet of short positions required to be disclosed to it, we now have the shorted AIM shares at the start of 2018...

Telit says bank grants covenant waiver - 2 Massive Questions unanswered

2017-12-28 04:51:07

Telit (TCM), the drowning in debt IOT company set up by fraudster and fugitive from Justice Uzi Katz, has announced that its bank has granted an advance waiver for the potential breach of covenants as at 31 December 2017. Telit says that it and its banksters "remain in discussions with regard to amending its covenant package for future periods." This begs two massive questions.

Telit - now it's a bottom line profits warning and an admission that there will be worse in 2018

2017-12-15 01:30:23

Telit Communications (TCM), the AIM dog founded by Boston fraudster Uzi Katz and now run by insider dealer Yosi Fait has now clarified its most recent profits warning of 23 November. There is good news, bad news and very bad news indeed. And there is a lack of news on one front which is also bad news. In short this stinks.

Telit Fraud Finally Begins to Tell It Like it Is. Sell at 145p

2017-11-24 23:54:52

Finally the truth is beginning to emerge at the London-listed, Israeli-based Internet-Of-Things fraud Telit Comunications (TCM) - one of my top three shorts along with Purplebricks (PURP) and UK Oil & Gas (UKOG).

Telit - 3 profits warnings in four months, Yosi Fait "cleared" of insider dealing now full time boss - sell

2017-11-23 01:42:19

Yosi Fait sold all his shares in Telit (TCM) AFTER it breached its banking covenants which as FD he must have known about as he must also have been aware that first half trading was way below forecast. But the company's new chairman has taken external legal guidance and said Yosi did nothing wrong and so has appointed him full time CEO. Well that's alright then. But there is yet another catastrophic profits warning ( as predicted) which begs the question of how great is debt now and will bank covenants be breached again?

Telit: Stormy times ahead

2017-11-05 03:36:33

One of ex-fraudster Sam Antar’s golden rules for companies committing fraud is never to respond to criticism. Telit Communications (TCM), the Israel-based Internet of Things fraud, broke this rule yesterday by rushing out a badly worded rebuttal to a Sky News story which stated that the FCA had begun making enquiries into events at the company.

UPDATED: FCA launches probe into Telit - Sky! Telit says FCA has raised issues

2017-11-02 04:55:36

Maybe the regulators are not utterly useless after all. Sky is this morning reporting that the FCA has launched a formal probe into Telit (TCM). It is ouzo O'Clock round at the Sheriff of AIM Towers!

Telit - press rumours provide selling opportunity

2017-10-24 01:11:48

The timing of last week’s short call on Telit (TCM) was somewhat spoiled by rumours, fuelled by a story in the FT, of a bid for part or all of the company. Rothschild was said to be gauging interest in the automotive division with a price tag of £100-150 million, “according to two people briefed on the situation”. It was hinted that the obscure Chinese fund, Run Liang Tai Management, which has recently acquired 14% of Telit might bid for the whole company.

Good News on Telit - the borrow is back. Sell with vigour

2017-10-20 00:25:00

I wrote that I would not comment again on the Internet of Things company Telit Communications (TCM) until borrow became available again. The recall of borrow, it will be remembered, along with buying by various parties such as Davide Serra (the self-regarding nincompoop who complained to both the SEC and the FCA about the truth being told about the Quindell fraud in which he was foolish enough to have a sizeable holding), caused the share price to almost double recently. The good news is that borrow is now possible and the shares are unsurprisingly on the slide. They should be sold with vigour.

Telit: six reasons why the shares are still heading to 0p

2017-10-15 05:06:17

Having bottomed at 105p, shares in Internet of Things/blatant fraud Telit Communications (TCM) bounced to almost 200p but have now slid back to 157.5p. Here are six reasons why they are going to head sharply lower in the next three months and will in due course go to zero.

New Bulletin Board Moron of the Week contest - sponsored by Telit and Eros

2017-09-30 10:04:16

This week's Bulletin Board Moron contest is sponsored by Telit Communications and Eros International.

Telit - predictably dire bullshit earnings warning amid vague statements

2017-09-29 02:32:29

Yosi Fait the proven insider dealer who runs AIM Casino posterboy Telit (TCM) because Sam Smith's morally bankrupt Nomad FinnCap does not care if its client firms are run by criminals, has served up a bullshit heavy (bogus) profits warning.

Telit and Eros: frauds and a lesson

2017-09-24 03:28:20

A useful lesson has been handed out recently to bears by the price action in two stocks: Telit Communications (TCM), an Israeli fraud quoted in London, and Eros International, an Indian fraud quoted in New York.

Table of shorted AIM shares - week to 07/09/2017

2017-09-09 00:10:01

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Table of shorted AIM shares - week to 01/09/2017

2017-09-02 01:29:21

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Breaching banking Covenants - Telit and R4E - which firm did not break AIM rules & commit financial crime

2017-09-01 01:10:57

Yesterday shares in R4E (R4E) fell sharply after a profits warning and a warning that it may breach its covenants in the third quarter. I am a shareholder in R4E and happen to think the fall is way overdone, but that is for another time. I want to look at how it handled the covenant issue and what that tells you about the financial crime at Telit (TCM) - which morally bankrupt Nomad FinnCap is okay with.

Telit shares soar on pure hype - it is as if this was not a cash guzzling fraud, founded by a fraudster and run by an insider dealer

2017-09-01 00:41:50

Telit (TCM) shares zoomed by 30% yesterday back to 160p, almost the level before it emerged here that its founder and CEO Oozi Cats was in fact Uzi Katz, the Boston real estate fraudster and fugitive from US justice. The latest ramp is news that it might generate some sales from AT&T. Whoopie do.

Telit Communications – Non-standard governance arrangements

2017-08-30 01:00:48

Telit (TCM) currently has a proven insider dealer as its CEO. Yosi Fait sold ALL his shares two months ago knowing the company had breached a bank covenant and was going to serve up dire H1 numbers. Apparently insider dealing is fine and dandy on AIM. In that vein, pointing out other issues relating to shocking corporate governance may seem irrelevant on the "world's most successful growth market". But if any of Marcus Stuttard or his fucking useless colleagues at AIM Regulation care any more...

Reader Comment of the Week - Evil Banksta's damning analysis of Telit. its far worse than CEO insider dealing

2017-08-25 23:55:22

Evil Banksta is an occasional writer here and is evil because he really is a banker by profession. As such he does know about banking covenants, the relationship between corporate borrowers and lenders and that sort of thing. As such his comments on Telit (TCM) really are damning and merit a wider audience. Before we get to Evil Banksta I am just flabbergasted by why CEO Yosi Fait has not been fired.

What exactly was the Telit Covenant Breach - this will determine how long CEO Yosi Fait should spend in jail

2017-08-25 00:43:14

Perhaps Sam Smith, CEO of Nomad FinnCap which appears happy for the CEO's of corporate clients to engage in industrial scale insider dealing, can help us with this problem? What exactly was the banking covenant Telit (TCM) breached on June 30th? The answer will help to determine how long the CEO Yosi Fait should spend in jail for his crimes. While Sam is about it...

Lord Archer, Leather Man Yosi Fait, Jeff Skilling & Martha Stewart odd one out result - some of you are so not 2017!

2017-08-24 00:30:25

You cannot. as some of you thought, say that Martha is the odd one out as she is female. This is 2017 and it is all about what gender, if any, you identify as, so we do not know if any of the four fine upstanding citizens below are odd ones out in that respect. Catch up folks. Most of you knew what I was hinting at and stumbled towards the correct answer - the odd one out is Lord Archer.

A letter to Finncap CEO Sam Smith: are you a big supporter of insider dealing?

2017-08-24 00:27:53

Generally I would have thought that the CEO of one of London's biggest Nomads, Sam Smith of FinnCap, would have disapproved of insider dealing. It is, after all a criminal offence. But I am not so sure any more. After recent revelations at Telit (TCM) it seems Samantha does not think it is anything to worry about. I have dropped her a letter just to make sure and cc'd in the head of AIM Regulation, Mr Marcus Stuttard, as I am sure he and his colleagues the Oxymorons would like to know where Sam stands.

Odd one out Contest: Martha Stewart, Lord Archer, Leather Man Yosi Fait and Jeff Skilling

2017-08-23 03:31:53

Ok this really is easy. All you need to do is to say which of the four well regarded and utterly honest individuals below is the odd one out and why. Do your worst. The deadline is midnight tonight (Wednesday)

Winner of the Telit Leather Man Macho Insider Dealer Yosi Fait caption contest announced

2017-08-22 05:56:48

We asked you for suitable captions for the picture below of the leather man who took over from the cowboy as CEO of the Telit (TCM) village people. I refer, of course, to insider dealer Yosi Fait. You offered numerous suggestions as you can see HERE but there can be only one winner and it is

New Telit Boss macho Yosi Fait in Leather Man action - caption contest

2017-08-21 02:05:04

Do you think Yosi got the machine below from Telit's (TCM) Vietnamese distributor of Internet products? In light of today's article on the former FD of the AIM fraud du jour, now its CEO, perhaps you can supply a suitable caption in the comments section below - deadline midnight Monday 21st. If you want more photos of burly men in leather check out Yosi's facebook page.

Three critical days in June & 3 more in July - why acting CEO at Telit Yosi Fait must be fired NOW!

2017-08-21 00:42:29

Yesterday there were more revelations about Telit (TCM) which, as I noted, made the position of former FD now CEO Yosi Fait all the more tricky. Now I want to revisit three days in June and three in July - events then make Yosi's position utterly untenable and explain why he must be fired at once. He is guilty of either extreme and sackable levels of incompetence and of lying to shareholders and insider dealing or of just insider dealing. It is one or the other - there is no third way. So there is no way out for Telit, Yosi must be sacked at once.

New revelations: Yosi Fait, Telit's new CEO & friend of the "IDF warrior" must go too

2017-08-20 08:53:56

Today's Sunday Times carries new shocking revelations about the shocking lack of corporate governance at AIM fraud du jour Telit (TCM) - surely now the former FD, now CEO Yosi Fait must follow his predecessor the Boston fraudster Oozi Cats/Uzi Katz and be resigned at once

Telit Communications – how much of a cash guzzler is GainSpan?

2017-08-18 23:32:02

In the piss poor results for the six months to 30 June 2017, Telit (TCM) highlighted that it had purchased GainSpan and provided the following rather limited commentary on its contribution to the interim results:

A letter to the chairman of the London Stock Exchange - why no independent review of the Telit fraud?

2017-08-18 00:11:53

You may remember that at the last AGM of the London Stock Exchange (LSE) its chairman,, Donald Brydon CBE, 'fessed up to being a ShareProphets reader and as we chatted afterwards he came over as a thoroughly decent man. But he has, yet again, been failed by his minions in their handling of the biggest AIM fraud of the year, so far, Telit (TCM). Lowly gofers such as the head of AIM Regulation, the fake Sheriff Mr Marcus Stuttad,  have allowed Telit to avoid any independent scrutiny of its accounts & business practices despite clear evidence of fraud. That has to change and maybe Brydon will push for that. I have sent him a letter.

Telit - now here is another fine upstanding chap with a senior post: Eran Edri

2017-08-16 04:45:50

The board of Telit (TCM) the fraud whose CEO until last week was an undeclared fugitive from justice sure has some colourful chappies in senior posts. There was Uzi Katz, the Boston fraudster himself. Then we had former chairman Avigdor Kelner who has only recently emerged from a stretch in the slammer in Israel. Yesterday we met "colourful" NED Ram Zeevi as I published some US Court papers concerning him. Now meet Eran Edri.

Telit: US Court Papers published on NED Ram Zeevi - a man who reckons Telit is clean.

2017-08-15 00:24:23

We have already seen that a former Telit (TCM) chairman got sent to the slammer in Israel for fraud. Yesterday it was admitted that - as we revealed a week earlier - the founder, CEO and largest shareholder Oozi cats was also a fraudster and when IPO'ing Telit a fugutive from US justice. But despite compelling evidence from us HERE the rest of the board say Telit is not a fraud. And the folks at the bicycle repair store HERE which it claims to be its Vietnamese distributor agree. So the rest of the board, all appointed by Oozi are squeaky clean right? Er...

Meet the Fund Manager buying into Telit - also Rob Terry's biggest fan at Quindell

2017-08-15 00:23:38

Relief for Telit (TCM) bulls came at 4.05 PM Monday with news that Davide Serra had bought 1.6 million shares in Telit last week taking his holding from sub 3 to 4%. He only submitted his TR1 after the weekend but paying 160p-180p AFTER we exposed the, then, CEO Oozi cats as the Boston fraudster he clearly knew better than we did. But where did that name Davide Sella ring a bell?

Telit - Oozi "resigned" the board the Boston fraudster appointed says no PLC fraud but FinnCap declines to agree

2017-08-14 02:14:25

Telit Communications (TCM) is spinning hard to suggest that all is well despite its founder, CEO and largest shareholder Oozi Cats being"resigned" today. It started by planting today's RNS in the ever pliant FT yesterday afternoon - the paper of record is now the mouthpiece for fraudsters wanting to spin a line. The timing of that FT plant now exposes the lies of today.  Now comes the formal statement and it does not wash at all and begs massive questions which are just not answered.

Winner of the Bulletin Board Moron of the Week contest - sponsored by the fund managers who knew so much better than the dirty plebs on Telit

2017-08-14 01:22:45

It seems like everyone is reading obscure Itallian newspapers, because the Telit story is on everyone's lips. Even BBC Radio 4's Today show mentioned it this morning. Of course none of the mainstream media would ever admit to reading ShareProphets. Funny that.. we do track IP you know! 

FT Reports that Telit "parts company" with Oozi Cats - that's spin from the PR & no longer the issue

2017-08-13 13:03:21

The Financial Times, always happy to help a company in trouble try to polish a turd with some PR spinning, is reporting that Telit Communications (TCM) is to part company with its founder, 12% shareholder and CEO Oozi Cats on a permanent basis. After our Boston fraudster revelations of last week Oozi had already stepped down pending an investigation by a law firm Cameron McKenna. After our revelations he was toast. But sacking Oozi is not enough after today's bombshells on this website - this is PR spinning and does not address the issue of wholesale fraud at Telit.

Telit bombshell Part 2 - its Distributors are oft on a par with those of Globo

2017-08-13 05:57:59

Earlier today I published a bombshell that demonstrated that Telit (TCM) was Globo v2 - that is to say a FRAUD heading for zero in short order.. One of the points that caused Globo to unravel within days were its bogus distributors. I covered that in some detail in Part 1 of this series but here in  part 2 I offer up some graphics to make my point. Distributors account for only 30% of claimed sales but if they are bogus then is anything genuine? It is game over for Telit, the Fat Lady is getting ready... Enjoy what follows...

Telit Communications – Mr Fat Katz unusual remuneration arrangements

2017-08-13 03:56:04

After today's complete bombshell which shows that Telit (TCM) is a Globo style fraud and thus utterly worthless what follows may be a tad academic. But, none the less, it is yet another Red Flag which we all should have noticed earlier. Reading through the 2016 annual report of Telit it is apparent that Mr Fat Katz, sorry Mr Oozi Cats, had two unusual remuneration arrangements. 

Emails sent to AIM Regulation & Nomad Finncap after today's Telit bombshell - this must be suspended 7 AM Monday

2017-08-13 02:55:57

This is becoming Globo v2 at a an alarming rate. Today's bombshell dossier on Telit Communications (TCM) nails it as a slam dunk ZERO beyond all doubt. The only way that the shares do not completely crater in the morning is if they are suspended first. And that is exactly what should happen. As such I sent a couple of emails last night. One to tthe head of the Oxymorons Marcus Stuttard and his clueless colleagues, the Keystone Cops at AIM Regulation and the other to the folks at Nomad FinnCap from CEO Sam Smith via head of Corporate Finance Stuart Andrews down to analyst Lorne Daniel with a minor jackal in Corporate Finaance also included in case Andrews is too busy with his polo ponies to read emails on a Sunday. Enjoy!

KERBOOM - THE FULL SHOCKING DOSSIER, New fraud revealed - This is why Telit is Globo Mk2 and why it is going to 0p

2017-08-12 17:34:34

Over the past week I have shown that Telit Communications (TCM) is run by a man who fled fraud charges in the US but changed his name to avoid investors knowing, I have flagged up banking covenant breaches, red flag strewn interims and an Italian criminal investigation. But that was just an appetizer. Today I give you a full dossier with shocking NEW material, which shows this is Globo Mark 2. it is a fraud and its shares are going to zero.

Telit Communications: what the bears saw, it's about the balance sheet stupid

2017-08-12 03:58:18

After my earlier story about the covenant breach which is, I am increasingly sure, a smoking gun, I explore some trends shown by the financial statements of Telit Communications (TCM) that may have been some the red flags that resulted in hedge funds making Telit the most heavily shorted AIM company - this is all about the balance sheet. It also highlights why some type of fund raise, equity or debt, was almost inevitable in May - without it the lights would have been switched off by now.

Telit Communications A Compelling Sell. Looks like Going Globo. Some Free Advice to the NOMAD.

2017-08-12 00:41:22

I promised last week to go in to the numerous inconsistencies in the numbers presented by Purplebricks (PURP) but that is going to have to wait as this week’s story has got to be Telit (TCM).

Table of shorted AIM shares - week to 11/08/2017

2017-08-12 00:34:54

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week (see HERE) - you may note a sharp increase in the Telit (TCM) short position even though the shares have collapsed. The bear community smells a zero here, this is Globo all over again - note Tom Winnifrith's smoking gun of earlier & ignore it at your peril 

Note 5.2 in the Telit statement? Is this the smoking gun? When did it know it would breach covenants

2017-08-12 00:08:55

There comes a moment in every Agatha Christie novel when Poirot scolds himself for being so blind to the obvious. I just wonder if for myself and Telit (TCM) that moment was late last night. That the CEO was a fraudster fugitive from justice when he floated Telit is one matter, the crminal investigations in Italy are another but the heart of the issue is the dire financials & possible behaviour of the Norfolk variety. In case you missed it, I refer you to note 5.2 of the most recent interims published August 7.

Telit - no news = bad news?

2017-08-11 05:17:52

The poodles of the PR community, that is to say the deadwood press, were briefed that Telit Communications (TCM) would by Friday have completed the review of whether is CEO was charged with fraud in 1991 but did a runner pre trial. Telit did not deny the allegations we broke as companies invariably do, at first, when exposed. Anyhow it is now Friday.

Telit - any chance of an update on the BAMES 16m Euro criminal investigation in Italy?

2017-08-10 00:40:59

You might have thought that the 1991 Boston Real Estate fraud was the only brush Telit Communications (TCM) boos Oozi Cats/ Uzi Katz had enjoyed with the law. Think again. Though there has been no RNS from Telit on the matter of the BAMES bankruptcy which saw 1400 Italians lose their jobs and a massive criminal investigation, perhaps it might give us an update now.

Telit Communications Odd cat Out Contest

2017-08-10 00:10:56

This is a very simple contest. Heck Oozi Cats, formerly of Telit Communications (RCM), you have time on your hands right now so why not enter! "don't talk about time" Mr Sheriff please!" said Uzi, Sorry Oozi. I digress. Please look at the four images below and tell us which is the odd one out and why. I have added a musical hint on the fourth one. Post your entries in the comments section below with a deadline of midnight Thursday

Telit: Look at all these hilarious Internet Uzi Katz's in Boston - now why don't any of them exist?

2017-08-09 02:38:16

Now this really is bizarre. We have taken screen shots of internet sites set up in 2015 by a vast number of fellows called Uzi Katz who claimed to live in Boston. The Jewish population of Massachusetts is 274,000 and I will charitably assume that all live in Boston. So lets crunch the math before we look at the (hilarious) websites and draw an inevitable conclusion..

Telit Communications: to have had one crook on the board is understandable but two looks like carelessness

2017-08-09 02:25:41

I so enjoy misquoting my fellow Anglo Irishman Mr Wilde. He knew a bit about the inside of a jail cell and that brings me to Telit Communications (TCM). Oozi cats, aka Uzi Katz, has "temporarily" (my arse) left Telit Communications (TCM) following the Boston fraud revelations but this is not the first time that the company's officers have had a spot of bother with the law. Meet Avigdor Kelner.

Lucian Miers chats to US Marshalls Office Massachusetts - Katz case not closed - a most generous offer to Telit boss

2017-08-09 01:42:28

As followers of Naibu (NBU) know there is nothing stopping the CEO of an AIM listed company being in prison while remaining in office. After all this is the world's most successful growth market and the head of the Oxymorons at AIM Regulation, Mr Marcus Stuttard, really is a top banana. As such fans of Telit Communications (TCM) will not worry a jot about this bombshell from infamous bear raider Lucian Miers, the Bard of the Boleyn.

What sort of Internet of Things PLC has an "art curator on the payroll" - Telit Communications natch. Guess who!

2017-08-09 01:34:56

The talents of Ruth Veronique Katz/Cats the wife of Telit Communications (TCM) boss Oozi/Uzi know no bounds. She is the owner of showjumping ponies which allow her daughter to compete for Israel. She owns a company producing arthouse films. Back in the early nineties it seems as if she, or someone born on the same day with the same name married to a man of the same name, had expertise in real estate fraud, as I revealed earlier today HERE. But still Ruth marches on, slaving away as a, no doubt well paid, employee of Telit. What does she do? Over to LinkedIn....

Telit IPO Document 2005 - Note 6.7 care to comment Uzi, I mean, Oozi?

2017-08-09 01:15:43

The 2005 flotation of Telit Communications (TCM) will - with hindsight - be seen as yet another badge of shame for AIM, the casino which laughably brands itself as the world's most successful growth market. Until 2004 the CEO of Telit & the companies it bought was, in official documents such as THIS, calling himself Uzi Katz. By the time of the IPO that was Oozi Cats. Let us now turn to section 6.7 of that document.

GOTCHA! Says the Sheriff - The Boston fraudster Oozi Cats leaves Telit temporarily - he ain't coming back

2017-08-09 01:02:23

Following our barrage of revelations yesterday about the Boston fraudsters - Uzi and Ruth Katz (aka Oozi & Ruth Cats), Telit Communications (TCM) has announced that its CEO Uzi/Oozi is to go on a "leave of absence." Uzi ain't coming back.

Memo to Telit's Nomad FinnCap - have you been following the African Potash tale? How big is your PI cover?

2017-08-08 13:40:40

By now the newly appointed Nomad to Telit Communications (TCM) that is to say FinnCap will be very much aware of the confusion about its CEO Oozi Cats whose real name is Uzi Katz and his Mrs, Ruth Veronique, and a couple of fellow Israelis with the same names and birthdays who took flight/skipped bail to avoid facing trial for real estate fraud in Boston in 1991. Natch this is all a big coincidence.

Breaking: Oozi Cats/Uzi Katz meeting with Nomad FinnCap within hours - if the Feds are looking for a fugitive

2017-08-08 05:28:05

Having been appointed as Nomad and broker to the highest profile AIM company of the week, Telit Communications (TCM) at 7.01 AM yesterday, Mr Stuart Andrews & Mr Richard Chambers of Finncap and their colleagues must be shitting briicks following today's quite stunning revelations earlier about Mr Oozi Cats/Uzi Katz, his Mrs Ruth and events in Boston 25 years ago. Or maybe it is just another couple holding Israeli passports with the same names and birthdays who were involved in multiple frauds?

BREAKING: Telit - what an embarrassing coincidence for boss Oozi Cats and his Mrs - meet the Boston fraudsters on the run

2017-08-08 04:11:57

Yesterday I discussed at length the woes of what was one of the largest companies on AIM, Telit Communications (TCM) where boss Oozi Cats sold £24 million of shares on May 25 - 24 hours ago the stock plunged for a range of reasons. Now here is the most amazing and embarrassing coincidence, meet an Israel couple who fled US justice in 1991. This must be so embarrassing for Oozi and his Mrs - Ruth Veronique Cats, it is just such an amazing coincidence.

Telit - Smelly Cat, smelly Cat - its not your fault: talk me through the share dumping timeline again

2017-08-07 03:56:00

I have just posted my analysis of today's disastrous interims from Telit Communications (TCM). This company is just drowning in red flags and the shares have crashed from 340p on May 25 when CEO Oozi Cats flogged £24 million worth to 156p. I could see this being a zero as explained in full HERE. But perhaps Oozi can help me on a few timeline issues just to explain why he is not an insider dealer. In return I have a special musical video just for him below...

Telit - as we often predicted this is the day the disaster unfolded, but can the CEO explain his £24m share sale?

2017-08-07 03:04:58

I am not sure if Neil Woodford had a big stake but Telit Communications (TCM) ticked all the other red flag boxes for AIM casino disasters waiting to happen. UK Investor Show attendees know that this has been high on the bear's hit list for a while. Today the train wreck happened and as I write, shares in what was the most shorted stock on the casino, are 39% down at 156p. But a £199 million market cap is still a rum and coke. The shares could be 20p and I still would not buy. Pro tem I count this as another big win for the Sheriff of AIM.

Table of shorted AIM shares - week to 02/06/2017

2017-06-03 00:05:27

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Telit Communications – discounted £39m placing “to fund several identified acquisition opportunities”. Hmmm…

2017-05-05 03:29:17

The most shorted company on AIM, Telit Communications (TCM) has announced “it has successfully placed” new shares to raise £39 million “to fund several identified acquisition opportunities, mainly in the IoT Services sector, which the company will look to execute in the near to medium term”. Hmmm…

The Telit Sea of Red Flags

2017-03-21 01:49:31

Telit Communications (TCM) is still the number one most shorted share on AIM, even after releasing final results last Monday that were welcomed by the market and saw the shares soar 14.6% to their peak of 360p on the day.  But with 10.5% of the stock out on loan to the alleged “smartest guys in the City” you have to ask yourself “What exactly am I missing?”  So began my thought process as I sat down to dissect the accounts.  Here are some quick thoughts:

Table of shorted AIM shares - start of 2017

2017-01-03 09:59:11

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares where the position date was in 2016 (by net short position %)...

ShareProphets share tips of the year number 23: Sell Telit Communications says Tom Winnifrith

2017-01-02 07:22:28

Telit Communications (TCM) is the most heavily shorted stock on AIM but its share price has proved incredibly resilient. At 275p it is almost up at 2016 year highs and the company is capitalised at £317 million. But you simply cannot defy gravity forever and, as a sell, it is my next share tip of the year.

Table of shorted AIM shares - week to 23/12/2016

2016-12-23 13:06:48

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week (see HERE). The big move is the increase in the Telit short.

Table of shorted AIM shares - week to 09/12/2016

2016-12-10 00:48:30

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Table of shorted AIM shares - week to 18/11/2016

2016-11-19 07:03:08

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Telit - bullish trading statement, no make that bullshit trading statement

2016-11-08 05:48:29

Telit Communications (TCM), the most heavily shorted stock on AIM has issued a trading statement which it would no doubt describe as bullish. For bullish read bullshit.

Table of shorted AIM shares - week to 28/10/2016

2016-10-29 03:56:21

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of this week (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Telit - now the biggest short on AIM?

2016-10-10 03:29:51

There are many smaller companies on AIM that are heading for zero as they are either almost out of (other folks) cash - Avanti Communications (AVN), IGAS (IGAS) or are plain frauds like African Potash (AFPO) nor Cloudtag (CTAG). But if you are a looking for a big company with plenty of borrow that is ripe for a share price collapse look to Israeli tech stock Telit (TCM). At 278p the market cap is a monstrous £321 million, call it $400 million. That is a rum n coke.

Table of shorted AIM shares - end July 2016

2016-08-05 00:27:50

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of July (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last month...

Table of shorted AIM shares - end Apr 2016

2016-05-05 01:19:21

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares at the end of April 2016 (by net short position %) - and if the positions have increased (red), reduced (green) or remained unchanged (black) since last month...

Zak Mir's Great Request Show: Cap-XX, Emerging Market Minerals, Telit Communications

2015-12-30 04:04:21

If you want me to analyse a stock for you just drop me a line at [email protected] - Today I look at shares in Cap-XX (CPX), Emerging Market Minerals (EMM) and Telit Communications (TCM) setting share price targets for all three stocks.

Table of shorted AIM shares - 06/11/2015

2015-11-11 05:10:17

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

Table of shorted AIM shares - 30/10/2015

2015-11-05 01:23:18

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

Telit Communications – “trading statement” further suggests the value of our AIM short positions monitoring

2015-10-12 23:42:11

Following trading update disappointment from AIM-listed Regenersis plc a few months ago, I noted that it suggested the value of checking our such short positions updates – with there continuously having been a disclosed short position in Regenersis since November. Since August there has been such a position in Telit (TCM) and now…

Table of shorted AIM shares - 14/08/2015

2015-08-18 23:54:00

From the FCA's spreadsheet of short positions required to be disclosed to it, the following details the shorted AIM shares (by net short position %) and if this position has increased (red), reduced (green) or remained unchanged (black) since a previous analysis HERE

Zak Mir's Bull Call Of The Day: Telit Communications Fresh Leg Higher To Target 325p

2015-05-24 02:34:30

Although it is evident that since September peaks through 280p shares of Telit Communications have been in consolidation mode, the overall feeling here is that this is a stock which is an ultra bull mode.

2011-10-13 03:10:37

Supporters of Israeli fraud Telit Communications (TCM), the company established and run as a personal fiefdom until recently by the fugitive from US justice Mr Uzi kKtz and now run by insider dealer Yosi Fait, put great play on recent stakebuilding by HK based Run Liang Tai Management Limited and also by Goldman Sachs. But here is a question or two.




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