Weak Chart Tells AllLooking at the chart it appears to be trading lower in the near term. The SP wants so badly to hit the lower supports of 70 cents and maybe even the 60 cent plateau.
The negative pressure may be coming from all the financing that has been taking place and now with this latest acquisition there will likely be more dilution to come. Fully diluted now stands at 85,563,383.
One only has to look at CMM to see what happens when the cash drawer empties. And CMM is producing where ATW has not even begun.
I believe ATW will do well in the long run as long as they keep an eye on the cost side. Having said that I will not be adding to my holdings until I see solid signs of a reversal or until they start production.