Unfortunately for them, I think a lot of melonheads set sell orders for when Abtech hit .70 to bail out. Can't really blame them though, they've been waiting a long time to see something happen and probably gave up on it. They are sitting on a beach somewhere, unaware that anything has happened, as their sell orders are triggered when buyers buy it up to .70
With that said though, I would have thought more buying taking place, but we'll see what happens in the next few days or next week.
The stock is now flat for the day. 12M contract and the stock is flat. I have to believe there is some kind of manipulation going on with the market maker, as well as the melonheads. Next week I expect to see the stock in the 80 cent range and I also expect ABHD will release more news.
The margins on a turn key project are probably much lower than on selling the sponges. And the risks are very high especially for a small company that is doing this for the first time. I am not surpised by the market reaction. But Abtec had to do something to get orders on the books, and get their product out there being used.