By Tom Winnifrith, The Sheriff of AIM | Wednesday 9 August 2017
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
Naturally we understand why Uzi/Oozi changed the English spelling of his unchanged Hebrew name. That was to avoid any confusion between him and his Mrs Ruth Veronique and another Israeli couple who like them lived in Boston MA in the late eighties. Both couples had exactly the same birthdays but the other couple were charged with a massive Real Estate fraud before skipping the country. Our Telit pal clearly just wants to avoid confusion as detailed HERE.
So back to section 6.7 which states that "no director has been subject to any public criticism by any statutory or regulatory body". You can see the relevant page of that documeht HERE
I reckon the US Prosecuting Authorities count as a statutory authority and charging someone with wire fraud in a public court counts as criticism don't you?
So I guess that our Uzi/Oozi can't be anything to do with that other Uzi married to a Ruth Veronique born 17 March 1966 living in Boston back in the day. What other explanation can you think of?
Never miss a story.
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments are turned off for this article.
Search ShareProphets |
Stock market news |
Recent Comments |