Friday August 18, 2017
A letter to today's Guardian - my father asks if this is irony..don't kid yourself Dad
The BBC, Guardian and liberal media slate and smear Donald Trump as a Nazi - 4 more years in the bank
The law sucks - Geoffrey Eve Child Abuser of Warwick School pupils like me looks set to escape so Plan B?

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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