TEUM - Pareteum Terminates COO - Prepare For Another Disappointing Quarter
Note: I have previously covered Pareteum Corporation (NASDAQ:TEUM), so investors should view this as an update to my earlier articles on the company.
Shares of controversial emerging Communications Platform as a Service ("CPaaS") provider Pareteum Corporation have continued their descent following the company's $40 million emergency capital raise last month.
To provide some background:
Pareteum violated covenants governing its senior secured credit facility with Post Road Group which ultimately lead to the requirement to repay the loan just seven months after signing the credit agreement.
The company used approximately $30 million of the