American Nano Silicon Technology, Inc (fka ANNO)

[TenKay]

ANNO SEC Revoked

https://www.sec.gov/litigation/admin/2018/34-83283.pdf

[Renee]

ANNO SEC Suspension for delinquent Financials/Filings:

https://www.sec.gov/litigation/suspensions/2017/34-82413.pdf

Order:

https://www.sec.gov/litigation/suspensions/2017/34-82413-o.pdf

Admin Proceeding:

https://www.sec.gov/litigation/admin/2017/34-82412.pdf

[NoBidKid]

NEWS Initial OTCQB Certification

http://www.otcmarkets.com/financialReportViewer?symbol=ANNO&id=132222

[kranthikumar]

ANNO is ready for the run.Attention goes larger.

[Renee]

ANNO: DTC has suspended all services, except Custody Services, for the below referenced issues. The suspensions are effective December 31, 2012.

CUSIP...............SECURITY NAME
027705102.......American Nano Silicon Technologies,Inc. ANNO

http://dtcc.com/downloads/legal/imp_notices/2012/dtc/ope/2046-12.pdf

[Renee]

ANNO: SEC Litigation:

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-262.pdf

http://www.sec.gov/litigation/litreleases/2012/lr22568.htm

[Acorns]

Results are now out for the June 2011 quarter. And what a quarter!

The final upgrade to the production line began in March (I suspect). Whilst this was going on, production was moved to a temporary factory (no idea where).

Consequently, Sales have fallen 41% from last quarter, itself a mediocre result. The September quarter will be similar, as the new factory is expected to be completed in September. Sales are only 2% down on last year, but this decrease will be much greater next quarter, as September 2010 was a good quarter.

Nothing has been spent on R&D so far this year. Other Admin expenses are 66% up on last quarter, hardly surprising considering the factory move. None of these expenses were paid in shares this quarter.

Operational Profits are up 5% on last year, but 53% down from last quarter. Interest costs have increased 83% on 2010. About 20% of Plant & Machinery was scrapped during the move, giving rise to a hefty Fixed Asset Impairment. The Share Warranty Liability has risen in compensation for the crash in the share price. Excluding Share Placement and Warranty costs, the Net Profit to date is 75% down on last year.

$5.7m Capital Expenditure has been incurred so far and a further $1m is required to complete the construction of the new production line. I would expect at least another $2m will be needed for new machinery once the production line is ready.

Poor profits and high capital expenditure has lead to a massive cash crisis, Net Working Capital is $-3.5m, down from $-1.5m in the previous quarter. Accounts Receivable and Inventories are at a record low, Accounts Payable has gone back up to a more normal level. Both are still very low compared to Sales and Purchases.

The drain on cash flow has been made up with $2m in Short Term Loans. The management have stated that they expect the liquidity demand can be met for the next 12 months. This is a critical statement, as $6.8m loans could become payable over that period, though I expect $1.7 of this, owed to related parties, to be repaid over a much longer period. The management appear to have taken a gamble that with full production after October, they can generate enough cash in a year to repay these loans when they fall due. A very tight calculation in my opinion. Possibility the loans falling due in 2012 and 2013 have forced their hand.

And then what next? The presentation states that the market for their product is thought to be 300,000 tons. So they could soon be constructing another 120,000 production line, but this time with money from a share placement, courtesy of their new investment advisors. The presentation indicates that the State is their main customer, what happens when their support is withdrawn?

[Acorns]

Results are now out for the March 2011 quarter. Although ANNO admits to not be fully clued up on American Accounting Standards, their accounts have a lot of good information in them,

Sales are up 6% on the previous quarter which is somewhat disappointing as production had to be halted in October for essential maintenance. Nevertheless Year to Date Sales are up 35% on the previous year. Admin expenses are likewise up 38% on last year. Shares issued in lieu of payment amounted to almost 70% of costs.

Operational Profits are up 44% on last year. The Share Warranty Liability has increased, but with the present SP about a third of the excise price, these are unlikely to be excised for a while.

Net Working Capital is $-1,531,115, down from $87.609 in the previous quarter. It looks like they are squeezing every cent out of the business to fund construction costs. Trade Creditors are a sixth of what they were in September 2010.

Shares issued are 31.1 million, hardly changed from last year. A good sign that they are doing all they can to avoid dilution.

$1 m has been spent on construction in the last 6 months. $3.5 m is still needed to complete construction of the new production line, unchanged from last quarter. Production has increased by 22% to 50,680, though this would be much higher if we were close to completing construction of the new production line. It is possible that capacity will jump significantly once construction is finished. They are very vague as to when the new production line will be complete, some time in 2011. I would not be surprised if it drifts into 2012.

Which is concerning, as $2.5 m long term loans are due for repayment in 2012 and 2013. I suspect the lenders might be persuaded to roll over their loans for a short period if ANNO is close to attaining full production.

[Triple_Crown]

ANNO Releases Second Quarter 2011 Financial Results

And they are LOOKING GOOD!

http://ih.advfn.com/p.php?pid=nmona&article=47814958&symbol=ANNO

[Acorns]

SP has been volitile since Monday. down to $0.50 at one point.

March 2011 results should be out soon, market is nervously awaiting them.

[Acorns]

December 2010 quarter results are now out. ANNO produces its quarterly results about1.5 months after every quarter, excellent work, well done!

http://biz.yahoo.com/e/110217/anno.ob10-q.html

Sales are down on the previous quarter as production had to be halted in October for essential maintenance. They have an adjustment to reflect differing prices for their share warrants, which is a little unusual. It has no effect on the cash flow.

Net Working Capital is back in the black, after the 1.6m deficiency in the previous quarter. However Cash and Bank balances are minimal, as every cent earned is going towards towards construction costs. About $1 m has been advanced to suppliers for construction work in this quarter.

$3.5 m is needed to complete construction of the new production line. As they seem to be generating about $1.5 m cash flow each quarter, this could be complete by their year end, 30 September, without the need to raise funds by a share placement. They have increased the production line to 41,500 tons pa, which suggests that capacity may go up further as construction of the new production line nears completion.

About $2 m long term loans are due for repayment in 2012 and 2013. So ANNO could be in trouble if the completion of the new line drifts into 2012. But if they get it right, they could be generating debt free cash by the middle of 2012.

[Acorns]

ANNO have signed up with NUWA Group to improve their Investor Relations.

http://finance.yahoo.com/news/American-Nano-Silicon-pz-552346321.html?x=0&.v=1

"We believe that NUWA Group will vastly improve and expand our relationships with investors, high-net worth individuals, and institutions"

Hmm, sounds like they are after our money!

[Acorns]

December 2010 quarter results are now out. ANNO produces its quarterly results about1.5 months after every quarter, excellent work, well done!

http://biz.yahoo.com/e/110217/anno.ob10-q.html

Sales are down on the previous quarter as production had to be halted in October for essential maintenance. They have an adjustment to reflect differing prices for their share warrants, which is a little unusual. It has no effect on the cash flow.

Net Working Capital is back in the black, after the 1.6m deficiency in the previous quarter. However Cash and Bank balances are minimal, as every cent earned is going towards towards construction costs. About $1 m has been advanced to suppliers for construction work in this quarter.

$3.5 m is needed to complete construction of the new production line. As they seem to be generating about $1.5 m cash flow each quarter, this could be complete by their year end, 30 September, without the need to raise funds by a share placement. They have increased the production line to 41,500 tons pa, which suggests that capacity may go up further as construction of the new production line nears completion.

About $2 m long term loans are due for repayment in 2012 and 2013. So ANNO could be in trouble if the completion of the new line drifts into 2012. But if they get it right, they could be generating debt free cash by the middle of 2012.

[Acorns]

Share Price crashed to $1.05 the other day, but has now bounced back to $1.35. Think $1 is the floor for thsi share.

Market awaits Dec 10 results, will see then how bad the cash drain is for their construction work. Going by last year, these should be available mid February. ANNO's year end is 30 Sept, so this would be Q1 unaudited results.

[Acorns]

Share Price has fallen 40% from recent high of $2.

This is likely to be due to concerns about the availibility of funds to pay for the new production line, and hence a delay in its completion.

Unless there is some specific news that Market makers have which has not been made available to the public, I think todays price is a good buying opportunity for those who are willing to hold onto their shares for a few years.

Plus there is some talk of the Chinese revaluing their currency, which would lift the SP

[Acorns]

Sept 10 Annual Accounts now out.

They show continuing improvements in sales and core profits.

The Derivatives charge has reduced somewhat

But as expected, a loss was made for the year, after writing off the Share Placement. This is disappointing, considering that they are at max production.

Some hints that the new production line, increasing capacity from 30,000 to 120,000 tons pa has been delayed. The new line is expected to complete in 2011, which is rather vague.

Construction costs are mopping up every available amount of cash there is, leading to a Working Capital deficiency of $1,9 million.

The good news is that the bulk of construcrion costs have now been paid. So the drain on working capital should come to an end soon.

Also good that they appear to be backing off from another share placement, prefering instead to raise loans from friends and family.

I think we won't see much action here until next year's Sept 11 accounts though

[Acorns]

There is a presentation released by ANNO in Sept 2010 at

http://www.usnanosi.com/www.usnanosi.com/Investor%20relations/anno-presentation.pdf

Interesting reading!

[Acorns]

ANNO is struggling to meet higher production levels. Any profits will be ploughed into further investment.

Their Cement additive could become their main product, it is a unique product that can save construction companies millions.

The main concern in such situations is that over trading takes place (ie sales explode, but so do Debtors, causing a cash flow crisis). It is remarkable that they have managed to reduce their Debtors by 60%, it seems that construction companies pay up more quickly than laundries!

A large injection of capital would send this share rocketing, but this seems unlikley at present. Though ANNO has a capacity to surprise one!

[Acorns]

June 10 Quarterly Accounts now out.

Sales YTD increased by 45%
Profits up 37% to about $2.5 m

But
A share placement of £5.4m has been written off to P&L
$8.1m has been lost on trading derivatives in their own shares.

Consequently a loss has been made for 2010 so far.

Worse, the Derivatives loss will increase as ANNO's SP Increases! Not a very good arrangement.

On the Balance Sheet, A/R has been cut by 60%, quite remarkable considering the increase in Sales. $0.2m in cash etc held. But a deficit in Working Capital will have to be dealt with.

Production is at full capacity. but there is demand for a fourfold increase in production. The cost of increasing the production capacity may require additianal capital in the form of a share placement at a discount to the present SP.

Unsurprisingly, the SP is down 7.5% on this news

[Acorns]

Patent applied for Concrete usage of Micro Nano Silicon

http://www.tradingmarkets.com/news/press-release/anno_ehsk_ehsk_ensl_breakthroughstocks-net-explosive-news-on-otcbb-anno-otcbb-ehsk-otcbb-ensl--1094569.html


NANCHONG, China, Aug 06, 2010 -- American Nano Silicon Technologies, Inc. (OTC Bulletin Board: ANNO) ("ANNO" or "the Company"), a leading manufacturer and distributor of micro nano silicon based products, announced today that the Company has applied in China for a national patent for their new concrete enforcement and accelerator agent. This new technology will allow the concrete industry to enjoy significantly enhanced performance and reliability in its concrete products. The patent application is currently being processed by the State Intellectual Property Bureau of China (application No.: CN201010045739.X). This development further illustrates the growth of ANNO, as this new product application in the construction material industry supplements the Company's existing market in the non-phosphate detergent sector.

Through the use of ANNO's proprietary micro nano silicon technology, the Company will be able to provide a product superior to the current concrete industry standard that uses a multiple metallic material. Industry examination currently shows that ANNO's micro nano silicon blend provides for an 18% increase in the compressive strength and a 47% increase in the flexural strength while decreasing the environmentally harmful effects that other industry products currently produce. ANNO believes that its continued research and development relationship with Southwest University of Science and Technology will provide additional uses for their micro nano silicon blend outside of the already developed uses in the non-phosphate detergent industry and the cement industry.

"We are very excited to have completed the necessary filings to apply for a national patent for our micro nano silicon cement technology," Mr. Pu Fachun, the CEO of the Company commented, "We remain committed to working with Southwest University of Science and Technology as our valued research and development partner and are very confident that together we can continually develop high level products that contain our patented micro nano technology."

[Acorns]

Well it's back up to above $2.

What ever caused the drop must have been groundless.

Here's hoping for a slow and steady rise upwards

[Acorns]

Oh dear! Down 24%! Some not so good news coming.

This is not a quick buck company, will take a while to recoup its costs

[Acorns]

Expect the Share Price to start moving upwards!

SP jumped 20% recently with no news. Perhaps in anticipation of todays news?

Their production line is working flat out. May have to expand the recently constructed building used for manufacturing their product.

The Private share placement in March 2010 had to be treated as a liability in their March 2010 accounts, which means their accounts look much worse than they should be,

This dull share is about to become exciting!

[Acorns]

Wow! What a deal!

Equates to $3.6 million sales pa.

That should help cover their hefty development costs!

[Acorns]

ANNO Enters Into Sales Agreement With Sichuan Juxing New Material Co.Ltd

NANCHONG, China, June 23 /PRNewswire-Asia-FirstCall.

According to the sales agreement, Sichuan Juxing will acquire 2000 tons of micro nano silicon every month over the next two years at a selling price of Renminbi 950 per ton (or approximately 140 USD per ton). The sales agreement totals about Renminbi 45.6 million (or approximately 6.6 million USD). In addition, 2000 tons per month is the minimum amount the Company will supply to Sichuan Juxing with more than 2000 tons for particular months based upon Sichuan Juxing's operational needs.

"We are very pleased to sign a sales agreement with Sichuan Juxing," Mr. Pu Fachun, the CEO of the Company commented. "Compared to the most commonly used accelerator agent of cement, we believe the accelerator agent of cement that is based on our micro nano silicon technology is much more reliable, because of our advanced production process." Mr. Pu continued, "Today in China, we are the only company who produces accelerator agent of cement based on micro nano silicon technology, and we are also the only company that constantly produces accelerator agent under extremely high temperatures with a chemical rotary kiln. Nowadays, most manufacturers are still using lime rotary kilns, which results in smaller production and higher costs."

Mr. Pu also stated, "Sichuan Juxing, a leading manufacturer and distributor of new materials, is one of the largest operators in the material industry in Sichuan Province. Applications in the construction industry, as an accelerator agent of cement, have huge potential for our main product micro nano silicon. Working together with Sichuan Juxing will definitely increase the public awareness of our product as an accelerator agent, and will bolster the market share of our product in the construction material industry."

"The strength and special niche application of American Nano's main product micro nano silicon was the major factor in the decision making process of Sichuan Juxing's management team to sign this sales agreement with American Nano," said Sichuan Juxing Chief Executive Officer Mr. Chen Yuchun, "Sichuan Juxing intends to continue to cooperate with American Nano beyond this sales agreement."

[dshade]

nice run

[Acorns]

$1 million share placement at $0.75 per share and the Share Price goes up slightly! Nice to see that there's still sligns of life left here.

That's what I like about this share at the moment, no pumping and dumping. Just straightforward information about it's finances.

Let's hope that $1 million is all they need to gear up to full production.

[Acorns]

I bought these shares back in CorpHQ days, so the reverse split etc was quite painful. To think that I could have sold early and made 100% gain!!

Having ignored this for some time. I'm becoming more hopeful about the stock.

After reorienting the business (yes I never thought that Chinese laundry could be so interesting!) it now seems to be gearing itself up for mass production.

It could take a couple of years to come back to its post R/S levels, but I am encouraged by the lack of any news for news sake here. The SP will go up. in line with actual results, and not hopeful forcasts.

So may be all is not lost

[alien42]

ANNO re-appeared on screener. still a dead stock but the company is now profitable with high growth.

[alien42]

ANNO recently started breathing...

[Imperial Whazoo]

OT for wantoberich -
Say wantobe, you need to return to bring music back to the SPZI board... and I can pretty much tell you that it may be a pretty good time for you to have it bring the music of making money back to you, too. Just thought I'd look you up and give you a heads up. The metranome is swinging back to perfect time old chap, IMHO.

Imperial Whazoo

[stocksablaze]

hmm yes interesting. i sold all my shares out thinking this was done... who knows GL

[pj McMulligan]

I put a sell order between B/A just after the split, and got a 200share partial fill sold @1.75. After a couple days of no hook-ups on the remaining position, I lowered the sell order to .94 on my remaining 3/4's of my position. After Friday's close, the chart looks much more positive, with multiple technical indicators having turned around, and I've since pulled my sell order. PPS very well could go higher here... strange following a RS, but the company might just have something going on... Going to see if a little patience takes her higher ;) GL All~ http://stockcharts.com/h-sc/ui?s=ANNO&p=D&b=5&g=0&id=p50724324489

[mike101]

i think i told you was was going to happen...IMO
but like always no one is willing to listen
i barley post but when i post its facts.....imo
live and learn

wanto keep an eye on aido if it hits teens.....there is s8 at moment but they r real and its based in the city that i am doing realstat for awhile now....good luck 2 u

[p22946]

total bs again today, had a sell order in all aftrnoon below the posted ask and l2 never showed my offer...mm or co scam r both

[p22946]

very lucky my sell of less than 500 shares at 50 cents never filled...

[stocksablaze]

my sell of 900 shares went through yesterday at .51, lucky i guess...

[lakers17]

After a reverse there aren't as many market makers up on things and this one is trading very thinly. With more market makers they might have filled you but like I said they don't have to because the bid is .10. If they have a higher buyer and need shares they might have grabbed some shares. As well stocks that reverse and completely change products and business strategy trade very weird with huge spreads in the bid and ask.

[p22946]

very true but i have neverbefore had a prob buying r selling beween bid and ask with a lrge spread and they never showed my offer to sell on l2 my offer should have beed shown on l2 if i offer to sell below the current ask ...like i said scam....

[lakers17]

Because you have to sell at the bid, not the ask and there is a huge spread. It's .10 by $1.01 now. It's up to the market maker to give you more than the .10 and most wont. The bid was .50 two days ago and .30 yesterday. Today .10

[p22946]

something not right here(as if i already didn't know) but i had a sell order in all day 5 cents below ask no fill and as soon as i removed it we had movement on a couple of buys up to 60 cents which was 10 cents above my offer to sell at 50 cents and i was only trying to sell less than 500 shares, want to bet the co is selling again...been through 2 r/s here andwill take a total loss, live and learn but this co is a pure scam...jmo...

[S-BEES-BUMBLEBEE]

I`ve sold at .51 - bought some more BZTG!

[bilgert]

I was averaged in at .0008 pre-split- and decided just to hold on- I've always liked COHQ's management, although sometimes I think they were a little too honest for their own good sometimes. Might have been a dumb move; we'll see.

Today I set my GTC at $2.25 when the b/a was .10/$11. I didn;t specify an AON... To my surprise, they actually bought 10 of my shares at $3.50 for some odd reason. Still have about 600 left to sell, but that was sort of amusing.

Don't know what this means, but it's interesting.

[lakers17]

Like I said the real bid is .10 and that is what Amertitrade shows. .10 by 11.00 Lol

[DUCKY]

Etrade is showing 3.50 But I agree your price is more real.

[lakers17]

Ameritrade has the bid at .10 This is done and all money is lost as is in most reverse splits.

[PennyBenny]

The price did not go to 3.50. That's where its set. Average worth = 0.35.

[DUCKY]

Yes, that is correct.

[CapnDon]

I need to get this straight. This was a 1 for 1302 reverse split? So I now own 1 share of ANNO for each 1302 I had in COHQ? The price of ANNO just went to $3.50 according to my scottrade.

[DUCKY]

Well today we start a new trading day. What done is done and now time to move forward. We have nothing to lose at this point so I wish thier new venture well. I just hope lessons have been learned and time for a second chance.