Covista +24,29% - 500 Beiträge pro Seite

[bpc]

Nicht schlecht, fast 25% im Plus, allerdings noch ohne Volumen. Covista kann nur in Berlin gehandelt werden, der Kursgewinn hängt wohl mit massiven Insiderkäufen zusammen. Das Kursziel könnte 4 Euro sein. Mehr dazu hier: Thread: CVST - 350 % Chance ???????????.

Irgendwie gibt es in Berlin nur wenige Stücke.

[Rosetzki]

Hallo,

bin Covista Aktionär und habe mich über den 50% plötzlichen Kursverfall gewundert und folgende Meldung gefunden:
Covista Communications, Inc. Intends To Deregister Common Stock
CHATTANOOGA, TN -- May 27, 2005 - Covista Communications, Inc. (NASDAQ symbol: CVST) today announced that the Company`s Board of Directors has unanimously approved the voluntary delisting of the Company’s common stock from the NASDAQ National Market. Simultaneously with the delisting, the Company will file a Form 15 with the Securities and Exchange Commission ("SEC") to deregister its common stock and suspend its reporting obligations under the Securities Exchange Act of 1934 (the "Exchange Act").

The Company intends to delist its common stock and file the Form 15 with the SEC on or about June 30, 2005. Upon the delisting from NASDAQ, the Company`s common stock will no longer trade on the NASDAQ National Market. The Company expects that the deregistration from the Exchange Act will become effective 90 days after filing of the Form 15.

The Company intends to file a Form 10-Q for the quarter ended April 30, 2005 with the SEC prior to the scheduled due date of June 15, 2005. However, the Company`s future reporting obligations to file periodic and current reports such as 10-K`s, 10-Q`s and 8-K`s with the SEC will be suspended immediately upon filing of the Form 15.

The Company anticipates that after the delisting from the NASDAQ National Market that its common stock would be quoted in the "Pink Sheets" (www.pinksheets.com), an electronic quotation service for over-the-counter securities, but only to the extent that market makers decide to make a market in the Company`s shares. While the Company currently intends to provide market makers information necessary for the Company`s shares to be quoted in the Pink Sheets, there can be no assurance that market makers will quote the Company`s shares or that an active trading market will ever develop. The Company`s stock has had limited trading on the NASDAQ National Market. Typically there is less liquidity and greater price volatility in the Pink Sheets as compared to the NASDAQ National Market.

The members of the Company`s Board of Directors carefully evaluated whether remaining a NASDAQ National Market quoted company warranted the significant costs and expenses and loss of operational productivity related to the regulatory burdens of being an Exchange Act registered public company as well as the potential benefits of remaining in the current status. The Company`s out-of-pocket costs attributable to being a public company for the most recent fiscal year ending January 31, 2005 were in excess of $500,000 and such costs are expected to rise substantially to comply with new regulatory requirements. These costs do not take into account the time the Company`s employees were required to devote to public company reporting and compliance obligations. The Board of Directors unanimously determined that the disadvantages significantly outweighed the potential advantages of remaining as the Company now is and concluded that it was in the best interest of the Company and its shareholders to delist and deregister. After completing this process, the Company will be able to better focus its attention on improving operations, implementing cost reduction and cost containment initiatives, attaining profitability and meeting long term business goals. The Company, depending upon, among other matters, future operating results and the regulatory environment, may consider a future listing on the NASDAQ market. However, no assurance can be given that this will occur.

Was passiert mit meinen deutschen Shares nach einem Delisting an der Nasdaq? Wird der Handel eingestellt-wenn ja , was passiert mit meinen Shares und wie werde ich für deren Wert (momentan 0,71 Euro) entschädigt?

Seltsam finde ich die ständigen Käufe Director`s von Covista:
siehe
http://www.insidertrading4u.com/it.php?v=osWrgjj9nHB2HIIltBh…


2005-06-07 MCKENZIE W THORPE
Director Purchase 3,100 $0.91 $2,821
2005-06-06 MCKENZIE W THORPE
Director Purchase 3,500 $0.91 $3,185
2005-06-03 MCKENZIE W THORPE
Director Purchase 1,000 $0.91 $910
2005-06-02 MCKENZIE W THORPE
Director Purchase 4,450 $0.88 $3,916
2005-04-18 MCKENZIE W THORPE
Director Purchase 1,000 $1.80 $1,800
2005-04-18 MCKENZIE W THORPE
Director Purchase 15,236 $1.81 $27,577
2005-04-15 MCKENZIE W THORPE
Director Purchase 2,164 $1.80 $3,895
2005-04-14 MCKENZIE W THORPE
Director Purchase 16,082 $1.78 $28,626