If you look through witm '06 annual report you will find that the majority of expenditure went to promotion of stock sales. Telephone boiler room and e-mail spam. The stock being sold is held by insiders through 40-50,000,000 options,warrants and rights which they awarded to each other.
Knitters former chairman is under 5year trading ban for violations. Could just be coincidence that knitter and witter insiders have previous acquaintance.
This type of wash trade, boiler room operation used to be common on Alberta and Vancouver exchanges but were shut down after Bre-x.
If it all ends badly, at least they have contributed a new mineral category; "possible". As in " we have no current resources in RSA but if we did enough drilling it's "possible" that we might find 10,000,000 ounces of gold or "we don't currently have a poly-metallic deposit in Mexico, but if we find one there could be gold under it as well. It's "possible" gl
News 
Market Data 
Discover 
AI
