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

By Tom Winnifrith, The Sheriff of AIM | Sunday 13 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.

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...



Website does not work

Files accounts (2015 revenue EUR 120M)


M&P Electronics

Website very limited / unfinished

Files accounts (2015 revenue EUR 1m)


See Germany




Website did not work, does now


Aviv Mobile Communications

Website does not work





Website admin contact claims to be Telit employee on LinkedIn

Does not file accounts



Website contains mostly discontinued product (e.g. CC864 module)

Phone never answered, no email provided

Does not file accounts




Arrow Electronics

to come later 


Direct Communication Solutions

USD 1-5m revenue according to Glassdoor


Symmetry Electronics

No note





Adaptive Modules Ltd

Files accounts (balance sheet only)

2014 inventory GBP 189,058, debtors GBP 531,587

Called CEO Andrew Aslett

Claimed revenue of c.GBP 3.5m, c.GBP 1m relating to Telit

Stated they were lookng to raise GBP 1m via crowdfunding

Did not send details of fundraising when I asked for them

Stated he was a Telit shareholder


Arrow Electronics

to come later 


Round Solutions

See Germany


Rutronik UK

See Germany



Files accounts (balance sheet only)

Holdco, relevant subsidiary appears to be Siretta Limited (others are dormant)

Siretta inventoy GBP 262,773, debtors GBP 159,034

Did not respond to emailed request to discuss business




Arrow Altech Distribution

to come later 



Sales contact left 2 years ago




Hubei Dongding Technology

Files accounts (2013 revenue RMB 17m)

Website appears out of date, lists discontinued modules (e.g. GC864)



Files accounts

Telit not listed among top 5 suppliers (so has to be less than USD 300,000)


Arrow Asia

to come later 



No note


Hope Sea Import & Export Limited

Website does not list Telit products


RTI Holdings

Website does not work; acquired by Avnet in 2013 




Arrow Asia

to come later  



Only seems to list modules of competitor Sierra Wireless




Arrow Electronics Asia

to come later 


MEDs Technologies Pte Ltd

See Singapore


DIV Technology Co

Website very limited / unfinished

Office address appears to be a scooter courier firm

Did not respond to email (sent in Vietnamese)



Arrow Electronics India

to come later 


Nexcomm Asia Pte


Rabyte Electronics PVT


WE Components India Put Ltd

Website does not work




Direct Communications Solutions



Arrow Electronics

to come later 


Everest Sales & Solutions

Telit not listed as a supplier


Symmetry Electronics






Website does not work




Electrocomponentes s.a.

Catalogue (availabale online) lists Motorola not Telit modules i.e. several years out of date





Website very limited / unfinished




MCI Electronics

Only lists two basic modules, one out of stock

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