ATWEC TECHS INC (PINK:ATWT) got the climb again. After a number of price hesitations, yesterday the stock gained 60% on 
the market and its traded volume exceeded 57 million shares.
The most reasonable explanation for the massive trade appears to be a press release by the company. Just yesterday ATWEC reported that Louisiana Governor Bobby Jindal has signed into a law that allows the Department of Children and Family Services to require child safety alarms on all vehicles transporting daycare children. The announcement states that the new requirement becomes effective today and it will save lives with proven technology.
The positive news caught investors’ attention and the stock price flew up at once. Now, the next move of ATWT is eagerly expected.
ATWEC designs safety products specifically for the transportation industry. In May the company issued a letter to its shareholders revealing its business plans and encouraging them to support ATWT through the purchase of its product for their own personal needs. After this news, nothing further was released until yesterday.[BANNER]
However, the most disturbing fact about ATWEC is that the company has not filed with the SEC its financial results since 2006 and OTC Markets is not displaying the stock quotes on its website. ATWT has also been labeled “Buyer Beware” due to a bunch of reasons listed on otcmarkets.com.
The only reachable unaudited 10-Q report was published on ATWEC’s official website and it is not much inspiring. In any case, it looks like the only option for the company now is to climb up on optimistic news, though even then the climb usually gets shortly broken.
