ANQ follows the standard pattern of manipulated shares, with long term catastrophic shareholder destruction interspersed by ramps designed to benefit insiders. This is because ANQ is a listed securities fraud. On 21 March 2014, the Avestra criminals started the pump-and-dump with a Next Investors article claiming ANQ had miraculously solved the world's waste problems. Global waste crisis solved!
Over the next few days the criminals that had commissioned this pump-and-dump could unload their ANQ junk shares at up to 55% higher prices, fleecing the unsuspecting until the engineered ramp inevitably faded. What happened next is as idiotic as any episode of "America's Dumbest Criminals". When queried by the ASX about the mysterious 21 March price increase, the criminals at AnaeCo just had to say they had no idea, using the template provided here. ASIC would have written it off as yet another one of their magical market mysteries. Instead, AnaeCo responded that the price increase could be attributed to a positive article by "Stocks Digital".
According to ASIC, pump-and-dump schemes are illegal and operators "can be jailed and fined heavily". However, since ASIC never enforces this, ASIC has effectively legalized pump-and-dump schemes in Australia. As a result, such fraud is guaranteed to become more common.