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

|About: KIT digital, Inc. (KITD)|By:, SA News Editor

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)