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Penny Stock Forum Penny Stocks are low-priced issues, often highly speculative, selling at less than $5 a share. Penny Stocks are traded on pink sheets and the OTCBB

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  #1  
Old 05-25-2008, 09:41 AM
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greencat greencat is offline
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Default WITM- Wits Basin Precious Minerals Inc. (OTCBB Stock)

WITM has broke a short term trendline and may be getting poised to make a move. It has some resistance to break and its moved close to the 200MA. If it going to do something it needs to get up and over the 200MA and consolidate there.

CHART for WITM
http://www3.stockfetcher.com/sfchart/1281816430.png

Shares Outstanding5: 120.14M
Float: 92.01M
% Held by Insiders1: 19.19%
% Held by Institutions1: 0.20%

Income Statement
Revenue (ttm): N/A
Revenue Per Share (ttm): N/A
Qtrly Revenue Growth (yoy): N/A
Gross Profit (ttm): -2.76M
EBITDA (ttm): -9.71M
Net Income Avl to Common (ttm): -11.86M
Diluted EPS (ttm): -0.11
Qtrly Earnings Growth (yoy): N/A


Balance Sheet
Total Cash (mrq): 130.48K
Total Cash Per Share (mrq): 0.001
Total Debt (mrq): 10.08M
Total Debt/Equity (mrq): N/A
Current Ratio (mrq): 0.019
Book Value Per Share (mrq): -0.038


Cash Flow Statement
Operating Cash Flow (ttm): -6.67M
Levered Free Cash Flow (ttm): -4.90M

TOP INSTITUTIONAL HOLDERS

Holder Shares % Out Value* Reported
CALPERS (CALIFORNIA-PUBLIC EMPLOYEES RETIREMENT SYSTEM) 136,600 .11 $34,150 31-Mar-08
PARSONS CAPITAL MANAGEMENT, INC. 100,000 .08 $25,000 31-Mar-08
BLAIR (WILLIAM) & COMPANY, L.L.C. 41,059 .03 $10,264 31-Mar-08
Ocean State Asset Management, LLC 15,000 .01 $3,750 31-Mar-08

And it looks like some toxic financing going on.
http://biz.yahoo.com/e/080521/witm.ob8-k.html
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  #2  
Old 05-25-2008, 07:41 PM
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Default Re: WITM- Wits Basin Precious Minerals Inc.- Penny Stock- Gold

Did the merger with Easyknit ever go through on this? I played it last year on that speculation, but kinda lost touch with the company after I sold.
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Old 06-08-2008, 02:00 PM
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Default Re: WITM- Wits Basin Precious Minerals Inc.- Penny Stock- Gold

WITM chart is looking intersting and I think it may may a move.

WITM Chart
http://www3.stockfetcher.com/sfchart/160089188.png
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Old 06-21-2008, 01:46 PM
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Default Re: WITM- Wits Basin Precious Minerals Inc.- Penny Stock- Gold

Right where it needs to hold at. Still watching it for a play.
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Old 09-30-2009, 01:33 AM
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Default Re: WITM- Wits Basin Precious Minerals Inc.- Penny Stock- Gold

Quote:
Originally Posted by stockzilla View Post
Did the merger with Easyknit ever go through on this? I played it last year on that speculation, but kinda lost touch with the company after I sold.
No but check out the valuation of Easyknit (1218hk) now, trading at US$25m compared with net liquid assets of US$40m and property of US$120m.....its a great opportunity for greenmail and/or activism....
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