The 52-week high that Stockhouse is showing is $3.64. However, that is before the rights issue.

If you had 1000 shares on the day of that 52-week high, you would have had an investment of $3640.

On the issuance of the rights, you would have held 1000 shares plus 1000 rights. If you sold 583 of these rights @$1.26 (the average closing price of the rights when they existed), this would have given you enough cash to exercise the remaining rights. You would have ended up with 1580 ANS shares.

Thus to have an investment of $3640, the post-rights share price would have to be $2.30

We're way past that level. ANS hit a new 52-week high of $2.88 yesterday and matched it so far today

Yippee!

R5