Avenue South Ltd. (OTC:ANSH) announced its new name TBSS International, Inc. and its new line of business in the field of gold and oil mining just last month, and as the stock chart shows the company is gaining even more popularity among traders. That process will be also supported by a paid promotion today, but the outcome may be disastrous at the end. 
Yesterday session closed with a 21% loss from the previous close at $0.355, yet the increasing again trading volumes should be a good signal that the loss could be recovered, at least on the short-term. After market close yesterday, a promotional e-mail covering ANSH appeared in our newsletters database, presenting ANSH as the “New Sizzler” for the coming session.
The promoter claims the company has already won contracts in five different industries related to mining and exploration – rather doubtful information based solely on the company’s latest press release. It sounds even more doubtful when one considers that ANSH decided to abandon its former business of selling art reproductions, collectibles and home dcor over the Internet less than a month ago, namely on October 12, 2011.
According the e-mail disclaimer, the promoter got $2,500 for the advertisement, which looks a minor amount for the promising picture of the company that he paints in his newsletter.
ANSH latest quarter report shows that the company has $37,000 in total assets as of end-June 2011 and total revenue of $163,000 for the four years since inception. Moreover, a 29 to 1 forward split in September put the number of outstanding shares at 121.8 million, while according to the latest 8-K of ANSH on October 13 this year 100 million shares of the company’s common stock were issued as payment to certain consultants and officers.
That means that currently the number of ANSH shares could well exceed 250 million, which in turn would put a market cap on the company that it definitely does not deserve.
