One day after submitting a certificate of late filing with regard to its third quarterly report for 2011, Atlas Technology Group, Inc. (PINK:ATYG) crashed down, only to induce third parties to waste $115 thousand in a paid advertising campaign in favor of ATYG stock.
Ironically enough, ATYG’s grand failure was hardly a direct consequence of the company’s inability to file its newest report on time. If that were the case, ATYG would not close the Nov. 14 session by going up 32%. Rather, the effect would be quite the opposite. Yet, the great fall of ATYG stock occurred yesterday when it lost 39% of its value. Thus, ATYG closed at $0.0088 per share and slid toward the six-month low of $0.0025 reached on Oct. 18.
Anyway, there must be a reason behind what ATYG did yesterday as it was subject to unusually high investor interest. More than 5.5 million shares of ATYG stock changed hands, which set a new six-month record for the company. Obviously, this scenario has prompted the launch of a new promotion aimed at getting ATYG back where it used to be.
Given that the company has not released any official news recently, the current advertising campaign will hardly receive any backup. Nevertheless, surprises are not to be excluded, especially within the first part of the upcoming session.
