By Tom Winnifrith, The Sheriff of AIM | Thursday 28 December 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.
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.
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