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Attn: Board I have cvas shares for sale. Anyone interested? Let me know thanks.
Yep. This is a longterm hold and hope.
Still no signs of anything else here. Keep checking the AZ SOS daily
Very true. These are all a gamble lol. Decent bid support at .007 but needs some ask slapping. Ask is very thin.
Sometimes its best to call and catch them off guard. I get about 25% reply rate practically with otc stocks. And most cos and IRs never will tell you anything anyways.
I did, to like 4 e-mail addresses. No response
Has anyone emailed them and see whats up? I forgot too. Too many tickers I lose track of what I own.lol I forgot about CVAS today.
Yep, at least the spread isn't humongous lol
.0052 x .012. Needs some volume.
It's almost too thin lol. I think people need to see something concrete
.0052 x .07. We've got to get better bid support lol.
needs about a month of volume to form a base
$CVAD
Yep...I grabbed a bunch at .01 and now it's trading at about half that. We'll see.
It's frustrating
That or an impatient trader who wanted out...
I don't understand this. Maybe it was an old shareholder who wanted out
I think it was 5k
LOL
I saw that. 10k shares?
I am guessing it was maybe to get the bid moving up
What kind of moron sells at .0051 lol?
Yep...but bid support is .0061. Not many will hit the ask when the spread is that wide. Needs better bid support.
Yep...they probably realized no one in their right mind would hit it with the bid at .005.
Agreed. Someone was looking to unload approx 74k shares earlier. Dropped the ask to 0.015 and then 0.03 after. Now completely gone off the grid
.005 x .10. Spread is far too wide for anyone to consider getting in. Need some bid support and volume here.
Oh yes indeed. It's beyond thin. The ingredients are there, just gotta see some filings.
Very well could be...a merger would drive this to dollar-land.
CVAS merger with Connex Telecommunications possible
Here are the facts:
1. CVAS went dark in late 2012. This is the same time that Sayan Navaratnam, chairman and previous CEO of CVAS became CEO of Connex Telecommunications - a large national telecom. company in Canada.
Their website here:
http://www.connexservice.ca
They're a private company with revenues of 12M and 500M-1B according to several sources:
https://connect.data.com/company/view/hP9xTRl7I7i1Eab9v5tKQA/connex-telecommunications-corp
http://listings.ftb-companies-ca.com/l/112294156/Connex-Telecommunications-Corporation-in-Richmond-Hill-ON
2. CVAS was reinstated with AZ SOS in September of 2015, with Sayan Navaratnam still on the help as chairman
http://ecorp.azcc.gov/Details/Corp?corpId=%2001574843
3. Sayan Navaratnam is the majority owner of CVAS with 21,410,986 shares or 57.3% ownership
4. On July 5, 2016, Connex Telecommunications acquired DependableIT/DependableHomeTech which at one point used to be a subsidiary of CVAS. CVAS sold DependableIT in 2011 and now the same CEO wants it back for his new company. Link to acquisition here:
http://www.businesswire.com/news/home/20160705005842/en/Connex-Telecommunications-Announces-Acquisition-DependableIT-DIT
DependableIT CEO LinkedIn here:
https://www.linkedin.com/in/cheryl-lewis-4096888
My guess is that Connex Telecommunications are looking to go public and they will do so via a reverse merger with CVAS
Well bid/ask is 0.0027x0.009 LOL, and not much on the ask. Any ask slappage and this could be nice, in the meantime it's sit and wait. At least for me.
What to do with this share ????
Creative Vistas Returns to Positive EBITDA in First Quarter of 2009
Company's Proprietary Business Intelligence Software Enables Continued Expansion Across U.S. Cable Industry and Path Towards Profitability
May 18, 2009 9:00:00 AM
Copyright Business Wire 2009
Email Story Discuss on ZenoBank
View Additional ProfilesWHITBY, Ontario & LOS ANGELES--(BUSINESS WIRE)-- Creative Vistas, Inc. (OTCBB: CVAS), a leading provider of broadband-related services as well as advanced video and surveillance systems, today announced that it has returned to positive EBITDA (earnings before interest, taxes, depreciation and amortization) in its first quarter ended March 31, 2009.
Financial Highlights:
-- Revenues for the first quarter of 2009 were down 15.2% year-over-year to
$9.14 million.
-- Sales in U.S. rise 600% from year earlier to $1.97 million.
-- Cuts in SG&A and financing costs help reduce net loss to ($0.03) from
($0.18) year-over-year.
-- Company returns to positive EBITDA, at $495,600
Revenue Mix Shifts From Canada Toward U.S.
Revenues for the first quarter of 2009 totaled $9.14 million, down 15.2% from $10.78 million in the first quarter of 2008. The decline was mainly due to the exchange rate fluctuations as well as the weakened economy. Dependable HomeTech (DHT) reported overall revenues of $7.46 million in the first quarter of 2009, compared to $8.87 in the first quarter of 2008. DHT achieved revenues of $1.97 million from the U.S. in the first quarter, up more than 600% from $280,000 in the first quarter of 2008. As a percentage of DHT's revenues, the U.S. cable industry increased to 26.4% in the first quarter of 2009 from 3.2% a year earlier.
Company's Focus on Business Intelligence Software and U.S. Expansion Strategy Brings Company Closer to Profitability
Operating expenses for the first quarter of 2009 totaled $2.44 million, down from $4.13 million a year earlier. Most of the decrease was due to a drop of $1.68 million in selling, general and administrative (SG&A) expenses that were incurred last year as part of DHT's one-time start-up expenses stemming from its U.S. expansion strategy.
The Company reported a loss from operations in the first quarter of 2009 of ($286,600), compared to a year-earlier operating loss of ($1.65 million). The net loss narrowed to ($1.77 million), or ($0.03) per fully diluted share, from ($6.39 million), or ($0.18) per fully diluted share, in the first quarter of 2008. The smaller net loss was due both to improved operating results and a reduction in net financing expenses, to $605,700 in the first quarter of 2009 from $4.43 million a year earlier. The higher costs in the first quarter of 2008 were primarily due to the issuing of warrants valued at $3.72 million, which were charged to financing costs during that quarter. There was no such balance for the first quarter of 2009.
Company Returns to Positive EBITDA
EBITDA totaled $495,600 in the first quarter of 2009, compared to negative EBITDA of ($962,400) a year earlier. EBITDA represents, for any relevant period, income (loss) before income taxes, depreciation of property, plant and equipment, interest expense (including amortization of debt issuance costs) and amortization of intangible assets. As in prior quarters, the Company's net income and earnings per share (EPS) results for the first quarter of 2009 have been affected substantially by non-cash adjustments related to the Company's capital structure. For that reason, the Company believes EBITDA provides a useful tool, in conjunction with GAAP reporting, for gauging the ongoing performance of its operating units.
CEO Notes the U.S. Expansion Progress and Focus on Business Intelligence Software
Dominic Burns, Chief Executive Officer of Creative Vistas, commented, "Our results from the first quarter of 2009 is a clear reflection of the impact of a challenging business environment offset by continued progress in our U.S operations. The decline in revenues from DHT is a result of strong price pressures in Canada's cable industry in addition to weakening consumer spending trends. We are pleased, however, that our U.S. revenues are now running at an annual rate of approximately $7 million, up from virtually nil at the start of 2008. We were able to establish our presence in this new and much larger revenue channel primarily due to our continued focus on our proprietary business intelligence (BI) software. We are rapidly finding that our BI technology is becoming a critical selling point in a recessionary market that has customers demanding for technology that can help them remain competitive and financially stable. The return to positive EBITDA is an important milestone marking this progress," concluded Mr. Burns.
If you would like to be added to Creative Vistas' investor email lists or have additional questions, please contact Haris Tajyar with Investor Relations International at htajyar@irintl.com.
For further information on Creative Vistas, please visit www.creativevistasinc.com.
About Creative Vistas
Creative Vistas Inc. is a leading provider of broadband-related services as well as security technologies and systems. Through its subsidiary, Dependable HomeTech, Creative Vistas provisions the deployment and servicing of broadband technologies to the commercial and residential market in Canada and the U.S. Through its subsidiaries AC Technical Systems Ltd. and Iview Digital Video Solutions Inc., it offers proprietary and non-proprietary technologies to the integrated electronic security and surveillance market. Its growing list of customers for broadband-related services include major cable-system operators in Ontario, Canada and U.S. metropolitan markets including New Orleans and Baton Rouge, La., Charlotte, N.C. Its security and surveillance systems are used by numerous high-profile clients including government, school boards, retail outlets, banks and hospitals. Creative Vistas is based in Ontario, Canada.
Forward-Looking Statements: Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Securities Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results for reasons described from time to time in the Company's public filings. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events.
Creative Vistas, Inc.
Condensed Consolidated Statements of Operations
(Unaudited)
Three months ended
March 31,
2009 2008
Contract and service revenue
Contract $ 1,224,040 $ 1,479,319
Service 7,909,147 9,291,977
Others 8,986 10,059
9,142,173 10,781,355
Cost of sales
Contract 628,514 900,707
Service 6,357,928 7,407,221
Project Expenses 223,653 326,055
Selling Expenses 199,007 218,597
General and administrative expenses 1,235,470 2,891,202
Depreciation expense 701,846 500,885
Amortization of intangible assets 82,392 190,167
9,428,810 12,434,834
Loss from operations (286,637) (1,653,479)
Interest and other expenses
Net financing expenses 605,665 4,432,917
Amortization of deferred charges 40,998 44,215
Foreign currency translation loss 243,690 255,234
890,353 4,732,366
(Loss) before income taxes (1,176,990) (6,385,845)
Income taxes - -
Net (loss) (1,176,990) (6,385,845)
Other comprehensive income (loss):
Unrealized loss - available for sale securities - (2,858,282)
Foreign currency translation adjustment 299,529 180,671
Comprehensive (loss) $ (877,461) $ (9,063,456)
Basic and diluted weighted-average shares 37,391,761 36,248,724
Basic and diluted earnings (loss) per share $ (0.03) $ (0.18)
Creative Vistas, Inc.
March 31, 2009 December 31, 2008
Condensed Consolidated Balance Sheets
(Unaudited)
Assets
Current Assets
Cash and bank balances $ 3,694,657 $ 4,770,337
Accounts receivable, net of allowance for 4,436,023 4,571,327
doubtful accounts of $255,689 and $323,183
Income tax recoverable 184,648 188,525
Inventory and supplies 701,588 829,318
Prepaid expenses 383,992 289,638
Due from related parties 2,028 2,094
Total current assets 9,402,936 10,651,239
Property plant and equipment, net of 8,296,072 9,214,623
depreciation
Deposits 339,500 460,376
Intangible assets 753,968 850,136
Deferred financing costs, net 427,734 483,331
Deferred income taxes 35,042 35,343
$ 19,255,252 $ 21,695,048
Liabilities and Shareholders' (Deficit)
Current Liabilities
Bank Indebtedness $ 1,354,762 $ 1,581,912
Accounts payable and accrued liabilities 5,226,099 5,800,061
Current portion of obligation under capital 2,061,616 2,125,312
leases
Deferred income 98,096 118,595
Deferred income taxes 25,858 25,858
Current portion of term notes 1,750,000 1,750,000
Current portion of other payable 238,095 245,902
Due to related parties 6,093 6,292
Total current liabilities 10,760,619 11,653,932
Term notes 13,878,920 14,062,290
Notes payable to related parties 1,500,000 1,500,000
Obligation under capital lease 4,064,250 4,554,240
Due to related parties 183,230 189,237
30,387,019 31,959,699
Shareholders' (deficit)
Share capital
Authorized 50,000,000 no par value preferred
shares undesignated, none issued or
outstanding 100,000,000 no par value common
shares 37,391,761 at March 31, 2009 and
37,224,926 December 31, 2008 issued and
outstanding
Common stock 6,533,191 6,488,137
Additional paid-in capital 13,970,918 14,005,627
Accumulated (deficit) (32,534,913) (31,357,923)
Accumulated other comprehensive income 899,037 599,508
(11,131,767) (10,264,651)
$ 19,255,252 $ 21,695,048
Source: Creative Vistas, Inc.
----------------------------------------------
Investor Relations International for Creative Vistas
Haris Tajyar
1-818-382-9702
htajyar@irintl.com
Looks to turn as soon as ADX, AROON make a move or RSI triggers oversold.
This one is a good drawer stock...I bought in at about 2.50 and will add more if it slips down there again. I fully expect CVAS to cross over the 3.00 line and hold the gain in the next couple of months
After this morning...we are going to see some interest coming to the board...IMHO
Maybe because its slow and steady,doesnt set off any scans.
It is hard to believe that a stock can perform in the way that CVAS has performed and fly completely under the radar. The CMF has not been anything but positive. Looks like we are just about to cross the SAR...maybe that will attract some people
Indicators look like continuation of uptrend,but who knows in this market.
Bollies are starting to pinch and CVAS is about due to start the next leg of the journey
This is a major play and no one even knows about it...look at that chart from Jan....33 to 2.85 in six months...these guys are on their way to the NASDAQ
Look at the stock chart for CVAS - http://www.smallcapcrunch.com/2007/08/07/otcbb-company-with-revenues-from-continuing-operations/
Traded up over the past five days alone with pretty good volume!
I was thinking today while watching the trading patterns how much it resembled several big board stocks that I have traded in the past. All of a sudden today the volume just starting pouring in like we had an institutional investor coming on board...
Definite volume spike,does it trade like the BIG Board.
it was not much of a dip...and then retail orders started pouring in at the ask and the result of that was a 120,000 plus share volume day. All this one needs is exposure
Had my hands full today with a couple triple zeros so I missed the dip. I'm on it tomorrow
CVAS is being heavily bought right now and is about to uptick to 52 week high
CVAS is a rare find...amazing that it has been flying under the radar for the last 7 months while the PPS increased over 700%. NASDAQ here we come!!!
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