Brief: RiT Technologies updates on cash flow status

Rit Technologies

20/04/2016 15:41

April 20 (Reuters) - RiT Technologies Ltd  RITT.O  
    * RiT Technologies updates on cash flow status 
    * Says RiT's CFO, Mr. Amit Mantsur, has decided to resign 
    * Due to financial difficulties company is facing, CFO, Amit 
Mantsur , has decided to resign 
    * Requested loan amount of 3 million USD under terms of 
agreement between RiT and Stins Coman was not fulfilled up to 
now 
    * "We continue to look for financing in few possible models 
including potential M&A" 
    * Says collection progress of RiT CIS overdue debts is 
significantly lower than planned 
 
Source text for Eikon:  ID:nPnCryga  
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