No Denial9 Aug 2017 09:47
If he was innocent then surely there would be an immediate repudiation or denial here! All that remains for me is will this affect any orders or clients and are these orders or clients even real, makes me wonder about a lot of promises here. If this was a cash rich company, I would feel much more confident, but one already accused of cooking the books or fancy accounting, having their CEO accused of fraud makes me nervous that Telit are just treading water with some fancy accounting and promises..it appears now there is no smoke without fire. I do agree if this drops to low perhaps it will be bought, but at what price, and what damage to the future outlook. Agree this is still a long term hold if your lucky enough to call the bottom. Im super disappointed in this share, 3 years of wasted investing for a loss. They had so much promise, but its feeling like I am playing roulette instead of poker.