Good morning folks,
I only belatedly noticed this horrible RNS from Taptica International (LON:TAP). It says that Uber has filed a complainst against two Taptica companies, along with dozens of other companies, alleging “fraudulent concealment, negligence and unfair competition”.
While there may be limits to any potential damage, given the US-centric nature of the complaint, this adds a risk that is difficult to quantify to a share which already lay outside my investable universe.
I would remind readers that Taptica insiders sold 10.6% of the company at 140p, when the P/E multiple was 5x.
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