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An investment group led by former KIT Digital (KITD.OB) CEO Kaleil Isaza Tuzman has lowered its...

An 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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