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An investment group led by former KIT Digital (KITD.OB) CEO Kaleil Isaza Tuzman has lowered its...
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Monday, February 11, 4:15 PM ETAn investment group led by former KIT Digital (KITD.OB) CEO Kaleil Isaza Tuzman has lowered its offer range for the de-listed and deeply troubled company to $0.70-$1/share from a prior $1.35-$1.70/share. Tuzman criticizes KIT for suggesting his offer "lacked bona fide capital support," but judging by the fact KIT closed today at $0.44, it seems more than a few investors agree. (PR)
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