Thursday February 22, 2018
Photo Article - the Dry River at the Greek Hovel is gushing and indeed another has appeared
Photo article: A Spectacular view from the big ugly church in Kambos
Doing a bit of a Paddy Leigh Fermor at the Greek Hovel and boosting the local economy

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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

Please share this article with your comrades in revolutionary capitalism

- Tom Winnifrith

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.

Read the full article on ShareProphets | Comments
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