- - -DO not sell what you don't OWN !
Usually, I consider "Consolidation" to be the last refuge for - - - -
BUT here it appears to be a valid instance to reduce the spread and maybe gather some institutional interest. Typically OAH spread was quite wide and whilst the range today is marginally less, there is a hope that it will reduce....this means that value-investors can get in/out if they are so inclined and this increases "volume" and hence Brokers trade tighter. The shares have traded in the penny/penny+half region, so this is NOT a rescue from the 90% club exercise so often beloved by failing Managements in the Tech/Telco/Bio- sectors. (also, This is a land-leisure development business)

OAH is still moving ahead, with a timely purchase of land that provides "access" - not just a patch for a parking attendant's hut...... 27 acres, enough for a proper interface with transport and roads....rather like you'd expect for Bluewater or such shopping experience. It should also provide storage and maybe conference facilities, maybe a visitor centre so that the Public can get some sense of the project. (This would be my objective short-term!)
However, whilst there will be shops, this is a "leisure complex" probably more like Alton Towers, only wihout the rides (hopefully!). Infrastructure will include provision for cycle-tracks (assured with a cycle-though-Yorkshire event, details yet to be firmed I understand).
Is it exciting yet.....? Well it's moving forward at a steady pace.....and the company doesn't aopoer to be spending money it doesn't have (thank goodness), so as things start to take shape it should be a rewarding investment, but for now I'm waiting to see - will the new plans come about - and how will retail-shareholders fare? tHese are key questions for any speculative investment.
The plans themselves look good - but it's footfall that is needed to turn a profit and that is some years away, IMHO. I Hold.
DYOR.
((The project can be seen from here: http://www.yes-ltd.com/press.php))

Well, here we are and the shares are suspended (Late Oct 2011-DYOR).- Looks like that CON-solidation was indeed a Warning, which chose to Ignore!
Pity, as this investment has turned out to be an illusion covered in glitzy paper. I think the current Management is doing the best they can with a terribly bad hand, so let's hope there is a glimmer somewhere, eh?

I think things started to go wrong when they didn't develop the Sheffield venue at a time when international money was cheap. Perhaps they knew then the income was never going to support their dream? Then they diversified by having that small museum in Ringwood (DYOR) and that diverted attention - although I've never bothered to go there - it's never had that Pzazz - and now the rest of the Company is likelwise.
However, I accept current Management is doing what they can, for now..... I understand they still own that 27 acres, so they could sit on that until housing/development rises (in 3/4 years!). - but a lack of "income" is not good news and I suspect that is where we are!
All IMHO.
EDIT (18Apri2012l_ over and out it seems; there is a name-change and new shares, it will become an Investment Co. Whoah!

Pires Investments plc . . . [PIRI] . . . if anyone's interested DYOR.