$ATWT - generally speaking, investors do not push up a stock nor buy it's products without a home for them...when they've already put up money and they end up with restricted stock...they decided that was best for their investment.
On the other side of the coin, they had a choice; flush converted shares which would take it to trips, demand payment and go for assets, or take these new restricted shares and take a chance on the future.
I can promise you, they do NOT look at this the same way we (shareholders) do. They are trying to determine which road carries the least risk for the return on capital. They choose restricted shares.
The other consideration is this; had they converted debt to shares and flushed, this would be at .0002 - investors who put up cash are not a) emotional screamers (buy/hold - bipolar based on the bid or ask on any given day, hate the CEO, blame everyone but themselves for buying, type people), this was a business decision.
All the other chatter is nice for Day Time Soaps, but this was an unemotional choice, for the path that they believe protects their capital. It was nothing more.
Their choice says, they are believers. Wait or sell...whatever feeds you.
Market Data 
Markets 
AI
