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Re: I Like Bottom Fishing post# 3421439

Sunday, 07/06/2014 7:23:56 PM

Sunday, July 06, 2014 7:23:56 PM

Post# of 4971468
~CVST~$180k MCap w/ $10M Book Value!~Massive volume spike...

HUGE Volume in Febuary, almost all of 5.5M float traded in 3 days
1) Jan. court decision saying they must file Annual Report... Millions on Books?..

Court Decision>>> http://www.psc.state.wv.us/scripts/orders/ViewDocument.cfm?CaseActivityID=387059&Source=Docket

2) One Year Anniversary of Sale of Assets to BIRCH COMMUNICATIONS
Confidential Asset Sale on 1-10-13 to BIRCH >>>
Acquisition agreement, notice assets kept confidental... millions of dollars?...
https://www.dropbox.com/s/jxz4x0jbpjlbqun/1200154.pdf



Share Structure: 17.8M OS / 5.5M Float
COMMON SHARES @ .05 PAR VALUE


INSIDERS OWN MAJORITY(69%)...








>>>BEST PART...

CVST SOLD THEIR ASSETS TO BIRCH COMMUNICATIONS IN JAN. 2013, THE DETAILS WERE CONFIDENTIAL(Confidentiality Agreement link above).
EXACTLY ONE YEAR LATER... MAJOR BUYING....
ONE YEAR STIPULATION TO ASSET PURCHASE?
IS IT COMPLETE NOW?

$1M ASSET SALE = .056 PPS with 17.8M Shares Outstanding
$5M ASSET SALE = .28 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" ???

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