Water Technologies International Inc (WTII)

[Gemma]

Don't be misled by the low float. There are 2 billion shares authorized. The company does not make a profit, and Scott has a history of paying himself with stock to maintain his high yearly income. After collecting the money by selling the stock he does a reverse split wiping out stockholder value before reissuing new stock so he can repeat the process.

Unless he can demonstrate a capability to sell the product and have the company make a profit, investors that are familiar with his scheme will be hesitant to invest here. So far he has not been able to do that.