COVID-19 update

Feedback from US distributers is that brand owners and retailers are not building up inventory for the summer season as there is a reduction in holdiay bookings.

ANO is shipping additional poweder and dispersions to an FDA approved warehouse for a supplier Deveraux Speciatlies to have available to distribute to Canada.

This suggests that there is not currently buyers for existing stock. A proposed capital reduction of up to 7c per share perhaps sounds like a desperate attempt to prop up the share price especially since there was a rights issue very recently and now there seems to be so much money that ANO will propose to give it back?

Corona virus will be temporary and we don't really know how bad it will be. Potentially there will be a northern hemisphere summer season of low sales which would mostly impact this years and next years revenue and profit numbers for ANO.

This will pass.

Investors with a longer term view may well find a buying opprotunity but it is hard to know where the share price could go in the short term.

It is tempting to accumulate a small amount here around $4.50 with a longer term view.

A hard decision to make as better opportunities could present if there is a broad larger market sell off and I want to keep some cash on hand.