Summary: Covista is a profitable communications company that for some reason stopped filing in 2005. At this time, it is believed they have a significant amount of cash in their treasury, from the millions they had on the last 10Q and from proceeds of the sale of their assets to birch communications in 2013.
70x BAGGER? READ... >>> BOOK VALUE = .72 CENTS PER FINANCIALS FROM LAST FILING ... look below...
Active on New Jersey Secretary of State:
>>>INSIDERS OWNED 69% AS OF LAST 10-K FILING...
BEST PART... CVST SOLD THEIR ASSETS TO BIRCH COMMUNICATIONS IN JAN. 2013, THE DETAILS WERE CONFIDENTIAL(Confidentiality Agreement link... https://www.dropbox.com/s/jxz4x0jbpjlbqun/1200154.pdf ).
CVST WENT DARK WITH $14,000,000 NET ASSETS!
$1M ASSET SALE = .056 PPS
$5M ASSET SALE = .28 PPS
$10M ASSETS SALE = .56 PPS
NOW THE MOST IMPORTANT PART!
THIS EXCERPT FROM THE ANNUAL REPORT...
in the last available 10-K ...
"Upon liquidation, dissolution, or winding up of Covista, the holders of Common Stock are entitled to receive a pro rata share of all assets available for distribution to stockholders."
PR COMING ON DISTRIBUTION OF "PRO RATA SHARE OF ALL ASSETS AVAILABLE" ???
*** UPDATE ***
FIRST UPDATE IN 10 YEARS ON OTCMARKETS.com... Organizational Stage a/o Feb 27, 2015
Outstanding Shares 19,362,635 a/o Feb 27, 2015 Contact Info(Just updated) P.O. Box 405
Newton, NC 28658
(Stock symbol and publicly declared public co on website under facts http://www.covista.net/faq.html)--- how often has this ever happened?
Email: firstname.lastname@example.org (CEO of FRTN .50-1.00 stock with a few mil in revs!)
So if they had about a 10 million book value(.50 a share value now?) They have always been in business, and they sold of some strategic assets(divy coming), What sort of value could really be here for CVST ??? They could have 20 mil or 30 mil after 10 years and the assets sold...Its possible. We have to wait for the fin's to come out. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ OTCMARKETS.com UPDATE #2 1. Business Description
Telecommunications & Communications.
2. Float 8,708,912 a/o Jun 20, 2015
3. Shareholders of Record 243 a/o Jun 20, 2015 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 7/24/15 UPDATE #3 - CVST Website!
Ticker link added to website! CVST Biz still active! MERGER!!! ~CVST~ ADDRESS NOW MATCHES ~FRTN~ ADDRESS AND PHONE #
FRTN HAS $5.4M MCAP! Millions in Revenue and makes a Net Profit!
THE 2 CO.'s ARE BOTH TELECOM!