TEUM - Pareteum Gets An Expensive Lifeline - Stay Away
Note:
I have previously covered Pareteum Corporation (NASDAQ:TEUM), so investors should view this as an update to my earlier articles on the company.
Apparently, controversial emerging Communications Platform as a Service ("CPaaS") provider Pareteum Corporation is running short on liquidity again despite a $40 million emergency capital raise just three months ago.
While most of the funds had to be used to repay debt after violating covenants, an estimated $8 million should have been available for general corporate purposes but given anticipated material expenses for the restatement of the company's financial results for