Let me fill you in with some general info from the web site. I do know the Company is in some kin of dispute with the former CEO and he is also one of the largest share holders as he indicates in a recent letter. A Hedge fund apparently owns more than him and formed a committee that took over all executive level decisions. That is the reason, In my opinion, he resigned.

They are going to re-state 3 years of financials and they blamed the Former management team for this. The former CEO states in a letter linked below, It was their Audit committee that okay'd them. LOL.

I think what we are witnessing here is a hostile take over in the infantile stages In my honest opinion. I hope the info belowe helps you out. Any more questions I will be happy to help. I have every link and DD source available and saved for this baby.

Link to the letter.

http://finance.yahoo.com/news/former-chairman...00528.html

The Company indirectly responded with this.

http://finance.yahoo.com/news/block-leviton-l...00443.html

KIT digital maintains corporate headquarters in New York and 28 principal offices around the world.

http://www.kitd.com/company/offices/

KIT digital is a premium provider of end-to-end video management software and related services. The KIT Video Platform, the company's cloud-based video asset management system, enables enterprise, media & entertainment and network operator clients to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, Bristol-Myers Squibb, BSkyB, Disney-ABC, FedEx, Google, HP, Mediaset, MTV, News Corp, Telecom Argentina, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen.

Ownership