market cap of 28m seems high for a company which is operating cash flow negative.
118.3m shares were issued recently at .012c , thats a big incentive to sell when its trading at .04c
the consolidation will reduce shares on issue to around 140m and share price will be around .20c , this stock is already poorly traded and the consolidation will increase price volatility.
the company is taking on a few new risks with opening innovative retail webfirm storefronts in other states, not enough cash is left in the bank if something goes wrong.
share consolidation usually results in more raisings and dilution.
of course i may be wrong , but thats what i see.
ANH Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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