March 15 : Quarterly results of September, 2012 and yearly results of December, 2012. Cash possitive and earnings growth forecast.
March 18 - 22 : Share price reaches around $4 per share.
March 25 - 31 : Offer received with 25% premimum for $5 per share. Both the boards accept the proposal.
At least 12 class action suit's, KIT content solutions spun off as Utd.by Content who's registered office is a drop box in Amsterdam and led by a bunch of Czech executives; Unified Video Technologies (UNIV) a brand new start-up led by two former KIT executives acquired the US based KIT digital Integration unit for a song and a massive disparity between actual and reported revenue over years with zero formal corporate governance making acquisitions left right and centre of failing media tech businesses with extremely limited IPR and any real positive market traction whatsoever to generate market hype to encourage additional capitalisation with only one real beneficiary, who got out whilst the going was good at $12 netting himself a very respectable $30M and shortly thereafter $2.1M cash is unaccounted for. If all of you guys cannot see FRAUD when it present's itself, the more fool you for investing!
So how does $3.65/share sound? That was the closing price on the day I said that you should consider cutting your losses. Assuming you still own 42k shares you've lost another $135k since that $3.65 price.
You were absolutely right. I remembered your advice. I did not follow your advice and did not cut losses at that time. I lost further terribly. I am not able to sell the shares even now. I am only waiting for this stock to reach atleast $2 per share. Probably, I will never into stock market for the rest of my life if I happen live :-(