KIT Digital former CEO Tuzman led Group lowers offer to 1.35-1.70 USD
from 3.75 USD
saying his group may extend offer to holders if no response by Dec. 12. In the new offer Tuzman wrote that he fears that KITD's current structural, commercial and liquidity challenges will worsen and compound—leaving the Company and its shareholders with limited, if any, options to preserve or generate value for shareholders or that (15,4
CZK, 8,83%) has a very low cash balance and is in material, technical default under its senior secured note issued to Western Technology Investment. /Our target price is 0.30 USD
ps and we have sell recommendation on the company.