Brief: RiT Technologies says believes there is substantial doubt about its ability to continue as going concern

Rit Technologies

23/05/2016 15:58

May 23 (Reuters) - RiT Technologies Ltd  RITT.O : 
    * "Believes that there is a substantial doubt about its 
ability to continue its operations as a going concern" 
    * No progress was made relating to collection of overdue 
debts of RiT CIS (Russia) 
    * Requested loan amount of $3 million under terms of loan 
agreement between RIT and Stins Coman was not fulfilled up to 
now 
    * Due to recent resignations, company currently has only one 
director serving - Sergey Anisimov 
    * Due to financial difficulties company is facing, Hanan 
Samet resigned from RiT's board of directors 
 
Source text for Eikon:  ID:nPnbFnrsQa  
Further company coverage:  RITT.O  
 
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