Telit Communications (TCM) is spinning hard to suggest that all is well despite its founder, CEO and largest shareholder Oozi Cats being"resigned" today. It started by planting today's RNS in the ever pliant FT yesterday afternoon - the paper of record is now the mouthpiece for fraudsters wanting to spin a line. The timing of that FT plant now exposes the lies of today. Now comes the formal statement and it does not wash at all and begs massive questions which are just not answered.
So here is the statement with each comment from The AIM fraud du jour followed with my comments in bold.