Craig Wiita is no stranger to sleazy penny stock scams. He was involved in MPVC until it was suspended. He was also involved in AXGI which has an even more sleazy history. Nodummy has a nice post where he outlined the connections:
And, it appears that anywhere Wiita is involved, you can find a direct road leading to Scottsdale and David Naylor. I have a feeling that Wiita has been set up as the front man for these penny stocks, with the strings being pulled by guys like Naylor and his buddies. I hope Wiita is carefully documenting what is said, what is done, and by whom - it may come in handy when he is standing in front of a Federal judge.
Wiita may be "extremely knowledgable, very accessible, personable, hands on", etc. but he is deeply involved with some very unsavory characters and some pretty ugly financial scams. ITEC is no different. You can bet that they will make far, far more money selling shares than any gold they might someday produce. If any.
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