Suddenly, ANTs Software Inc. (OTC:ANTS) got the up move at once. After a number of price hesitations and losses, yesterday 
the stock soared 15% on the market and its traded volume notably increased. However, no one can say what is the reason for the unexpected gain.
According to the records, ANTs Software has not published any news on its business these days, so nobody is familiar with its current activities. Actually, the latest news by the company was released a week ago, when ANTS officially announced that its Lead Director Mr. John R. Gaulding has left his position and terminated the Executive Committee. Along with the resignation of Mr. Gaulding, there were some other changes in the company’s Board of Directors that have also been reported. However, this news being released, no more announcements on ANTs were to follow. Looks like something is happening with the company, while investors keep waiting for the fresh news.
ANTs Software inc. is engaged in the development of a software solution that allows customers to replace the database product without replacing the software application. Yesterday, the company filed a prospectus supplement for the sale of up to 19,179,140 shares of ANTs Software inc. common stock. The sale includes shares previously issued to a selling security holder pursuant to an agreement from March, 2010. According to the document, ANTs will not receive any of the proceeds from the sale by the security holder and neither the SEC nor any state securities commission has approved or disapproved of these securities.[BANNER]
According to the annual report of ANTs, the company has a history of losses and a large accumulated deficit and it may not be able to achieve profitability in the future. As of December 31, 2010 its accumulated deficit totaled over $156 million and the incurred net losses applicable to common stockholders exceeded $43 million.
Yet, the company’s management anticipates that its current cash resources will be sufficient to execute the business plan into the second quarter of 2011. However, the team states that ANTs may not be able to continue as a going concern and a failure to obtain additional financing or generate positive cash flow leaves a substantial doubt on the company’s future.
