Dougherty & Company Drops KIT digital (KITD) Coverage on Lack of Financials

December 28, 2012 12:44 PM EST
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Dougherty & Company dropped coverage on KIT digital, Inc. (NASDAQ: KITD) based on the lack of financial disclosures.

"Given the lack of reported financials, multiple shareholder lawsuits and the likelihood of a prolonged SEC investigation, it is our belief that there’s very little, if any, equity value left in the business, so we are dropping coverage of KIT Digital," the firm comments.

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