So here we have a little unknow company with low overheads, high...

So here we have a little unknow company with low overheads, high margin business turning a profit with massive growth potential and all for a market cap of only $12m.

By my rough calculations and assuming no other deals are done (which we all know there will be over time) ANO should generate around $2 million dollars profit this current FY.

If we add a distributer in Canada and Europe then the mind boggels at what sort of profits ANO could be making 6-12 months from now.

Working on worst case of $2m profit this FY and puting a very conservitive PE of 10 on ANO which is extreamly low for a growth stock we get a market cap of $20 million or roughly 4 cents a share.

Throw a PE of 20 on it which is much more likely for a growth stock and we get $40m market cap and roughyl 8 cents per share.

These numbers are very conservative and i would expect thats why we have recently seen the Major shareholder who owns over 33% of the company buy another 17.5 million shares along with 2 directors who recently bought another 2 million shares each on market also.

Now the major shareholder and directors havent been buying lately for no reason and i would trust their judgement and faith in where the company is going, after all they have been putting their money where their mouth is which is a very good show of confidence.

All in all i beleive ANO is heavily undervalued based on forward earnings and those who are willing to research this little company and its products may just be extreamly happy in a few months time if they can get in at these very cheap prices imo.