My understanding is that they have $177k cash in hand and $733K deposited on call.
ATG (SIX), has been an underperforming stock that in my view is about to turn the corner. Why? Well, the key is that they had a market leading product, however, it was too expensive to produce. Their joint venture ensures that they can now have low cost volume manufactoring that will ensure their competiveness on price with other products in the market. They also now have volume manufactoring expertise and a new network of contacts. It appears that there has been a strong recent industry response in the US, Japan and China, and the company has recently undertaken exhibitions in Florida and Indianna to generate additional interest. I expect strong global demand in 2012 and further announcements that should ensure a re rating of the share price. All and all, imo, 2012 looks very promising for investors.
SIX Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
