@oNste - I agree with your theory and it should be considered when researching for new investments but in this case I would look carefully at the people behind ANO. Lev in particular is a wealthy individual and is not frightened to put his money where his mouth is. He has already put considerable money into ANO and would put more if he thought it prudent to do so. The company has already grown quite quickly and is ramping up production to grow even more quickly. I think Lev and Geoff can be considered to be outside of the mentality which you describe and have already shown both here and in other businesses which they have either controlled or still control to be capable of reading the optimums which are available within a market. Recognition of the product's niche market at an early stage and getting it to this point is enough for me to have faith in their capability and credibility. A few communication issues or means of expressing them have certainly been a problem for some holders but I tend to look more at the figures and the bottom line. So not disagreeing with you just not willing to apply the theory here.
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