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Covista Communications, Inc (CVST)

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Last Post: 9/4/2016 3:34:57 PM - Followers: 20 - Board type: Free - Posts Today: 0

Covista Communications

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...
 

Balance Sheet:



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 ***

Feb./May 2015

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 

Website: http://www.covista.net
(Stock
 symbol and publicly declared public co on website under facts http://www.covista.net/faq.html)--- how often has this ever happened? 

Phone: 336-238-9014 

Email: dwrink214@gmail.com (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!







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#387   I am still here. I will give enthalpy 09/04/16 03:34:57 PM
#386   Bid keeps picking up here SILVERISTHENEWGOLD 06/20/16 07:23:04 PM
#385   Nice bid of 200k+ SILVERISTHENEWGOLD 06/17/16 01:26:28 PM
#384   Not sure what is going to happen, stocks SILVERISTHENEWGOLD 06/17/16 08:43:15 AM
#383   Is this dead or am I just screwed enthalpy 06/17/16 12:04:16 AM
#382   I'm going to reapply as moderator here, wasn't SILVERISTHENEWGOLD 02/15/16 08:49:32 AM
#381   No interest in buying more till company re enthalpy 12/22/15 09:36:41 AM
#380   I am holding this for another year. enthalpy 12/08/15 05:52:20 PM
#379   Still holding here, you may get a buying SILVERISTHENEWGOLD 12/08/15 05:44:39 PM
#378   Hey ShellKing! This is still a good enthalpy 11/02/15 07:48:38 PM
#377   Anyone speak to the CEO lately? I $hellKing 11/02/15 05:35:55 PM
#376   Sometimes it takes years, sometimes it takes months. SILVERISTHENEWGOLD 10/27/15 05:58:50 PM
#375   the best thing in life is free: retainedearnings 10/22/15 10:36:08 PM
#374   I agree, there is no way to tell SILVERISTHENEWGOLD 10/21/15 09:42:03 PM
#373   DITTO!! glta choctaw 10/20/15 07:11:30 PM
#372   I'm holding as well, let's hope then they Traderfan 10/19/15 09:38:23 AM
#371   This thing is just going to take a buxmaker 10/19/15 09:37:15 AM
#370   Because everybody expected something here for the last Traderfan 10/19/15 01:57:53 AM
#369   Have you seen anything? Traderfan 10/19/15 01:10:46 AM
#368   Why would you write that nothing is coming? buxmaker 10/18/15 08:51:22 PM
#367   Looks like nothing coming. Disappointing. Traderfan 10/17/15 06:19:16 PM
#366   I am still here. This is low enthalpy 10/17/15 10:42:48 AM
#365   Its taken longer than I thought but with $hellKing 10/17/15 10:02:49 AM
#364   Well at least we get a bigger tax $hellKing 10/17/15 10:01:56 AM
#363   I hope its big news!!!! Seems like this enthalpy 10/13/15 10:07:00 PM
#362   I've been in this over a year bro, SILVERISTHENEWGOLD 09/23/15 11:00:06 AM
#361   So they are hiring employees? You think enthalpy 09/23/15 10:57:12 AM
#360   Thank you sir. Still looking it over. GLTY! Mad Money Monkey 09/05/15 02:06:45 PM
#359   These stocks can be tricky. they $hellKing 09/05/15 01:48:53 PM
#358   New to the board. Just wanted to make Mad Money Monkey 09/05/15 06:01:25 AM
#357   Yeah looks like its current right? Have $hellKing 09/03/15 04:56:33 PM
#356   Look at this... SILVERISTHENEWGOLD 09/03/15 12:32:42 PM
#355   Never ending bidder @ 0120 keeps sucking up SILVERISTHENEWGOLD 08/21/15 09:42:40 AM
#354   Yup of course. Still here. $hellKing 08/13/15 10:29:26 AM
#353   You still in this one? Holding 100k enthalpy 08/10/15 10:38:47 PM
#352   At some point filings will come out and enthalpy 08/04/15 12:52:01 AM
#351   I think we will see something soon, updates/changes SILVERISTHENEWGOLD 08/03/15 07:44:41 PM
#350   Maybe we get filings this month! Only enthalpy 08/03/15 12:26:46 AM
#349   There are other reasons to merge besides going SILVERISTHENEWGOLD 07/28/15 09:14:54 AM
#348   I dont think they will merge. I think $hellKing 07/28/15 09:01:04 AM
#347   What's the deal with CVST and FRTN now? Axel 07/28/15 04:11:23 AM
#346   After this news almost no one is going SILVERISTHENEWGOLD 07/27/15 10:36:22 PM
#345   You have to give it to the bidders. $hellKing 07/27/15 02:24:37 PM
#344   That is the main indicator. I think $hellKing 07/26/15 08:40:26 PM
#343   CVST's phone # and address match FRTN! FRTN SILVERISTHENEWGOLD 07/26/15 05:59:19 PM
#341   I'm thinking about taking everything under 02 SILVERISTHENEWGOLD 07/25/15 07:31:24 PM
#340   Great development. CVST shares below .02 are scarce Axel 07/25/15 11:50:04 AM
#339   Never mind, I found it. http://www.covista.net/company-info.html PROPHETABLE 07/24/15 10:17:47 PM
#338   Link? PROPHETABLE 07/24/15 05:23:43 PM
#337   ~CVST~ 3rd Update found! Ticker added to website, SILVERISTHENEWGOLD 07/24/15 04:07:43 PM
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