Until last Friday, nobody had ever heard about Amanasu Techno Holdings Corp (OTCMKTS:ANSU
, ANSU message board
). Then, the newsletters came along. Exactly ten emails
hit our inbox within the first fifteen minutes of the trading session and all the pumpers talked about was how ANSU is going to save the world.
That's something of a bold claim, but then again, we're quite used to hearing far-fetched ideas from them. The most peculiar thing, however, was the fact that none of the promoters disclosed any compensation, which suggests that they simply wanted to raise awareness around a virtually dormant ticker, pump the price and give themselves something to cheer about later on. That's exactly what happened.
ANSU opened the session at $0.028 (the previous trade dated June 18 was at $0.001), made a dash all the way up to an intraday high of $0.31 and finished the day at $0.306. That's an astonishing performance even with the buzz created by the promoters in mind, but what's even more surprising is the stock's behavior from yesterday.
The latest email arrived in our inbox around noon on Friday and considering the lack of weekend touting and press releases, we thought that the artificial hype will quickly take its toll. We were wrong. Instead of going down, ANSU opened yesterday's session at $0.33, smashed through the $1 per share mark and settled at $1.27 bringing the current market cap all the way to $59 million.
Let's imagine you have $59 million burning a massive hole in your pocket. Seeing the astonishing growth in share price, you might be tempted to take over ANSU, but what exactly are you going to get for that sort of money? It's time to find out.
Your first question will probably be: "What is their business plan?". And the answer to that question is rather confusing. They wanted to be a distributor of electric scooters that incorporate some clever piece of technology in them, but apparently, this didn't work out quite the way they were hoping to. Then, they looked at some sort of ground-breaking technology for the purification of air, but it failed to meet their expectations as well.
According to their latest 10-Q, ANSU recently sold one of their subsidiaries in an attempt to improve their financial statement a bit and they say that they're currently focused on two pieces of technologies.
The first should result in a fast microbe detection system that is supposed to bring everything else currently on the market down to its knees. It's called Biomonitec Glaze and apart from ANSU's filings and the pumpers' emails, there's absolutely no information available on the Internet about it.
The second product that they want to develop is called Haruka which will one day be an automated personal waste disposal system. The 10-Q for the period ended March 31, 2013 says: "The Company has tentative plans for production during 2012, however, cannot guarantee this schedule". It's pretty clear that they've missed the deadline by quite some time, but that said, we're hardly surprised considering the horrific financial situation. Here's a summary of the most important figures:
- current assets: $181 in cash
- current liabilities: $360 thousand
- no revenue
- quarterly net loss: $2,512
All things considered, we're starting to get the feeling that even ANSU's own management team is not convinced that they are going to make it which is why any sort of sustained stock performance, especially considering the colossal current value, seems nigh on impossible. In fact, at that price, the ticker could snap into a violent descend with virtually no warning which is why you should be extremely careful when considering the risks of a potential investment.