¶ CYAA: Up-dated Background information...B.V: $3.15... Last: $1.75...
1) The Business...
CYAA is in the business of buying distressed real estate for re-packaging and re-sale at huge profits... So far nothing that exciting, except that it provides solid and quantifiable assets to show NASDAQ/AMEX, prior to applying for a listing... Last year, CYAA Principals, through their subsidiaries, Canton Financial Services Corporation and Hudson Consulting Group have become involved in the excellent business of buying shells to perform reverse mergers and acquisitions, such as: GDIS, CHML, AIVD, CTWN...
2) Statistics new share structure:
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+ Outstanding: 2.79 Millions shares.... Float: 1.05 Million....
+ Shareholder's Equity: $8.8 Millions... Book Value: $3.15...
+ 1999 Financials: Revenue: $6.86 Millions... Earnings: $3.6 Million.... EPS: $1.14...
+ 1st Q 2000: Earnings: $1.8 Millions... EPS: 56 cents... Cash on hand: $1.77 Million
+ Websites:
hudsonconsult.com and cyaa.com.
3) Good Insiders Trading Record: 1 Million shares BOUGHT in one year...
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The person doing a good portion of the buying, Mr Allen Wolfson was a "person in control", according to SEC's Definition, even though he was not a Director or Company Officer... Mr Wolfson is suspected of Securities Violations and legal proceedings have began against him... None of the violations concern CYAA...
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4) Some of the Real Estate Properties...
+ Oasis International Corporation, a consolidated subsidiary of CyberAmerica, owns approximately 1,079 acres of mostly raw land, 360 acres being zoned for Casinos, located in Elko County, Nevada. It paid $900,000, or just over $800.00/acre to acquire this property... Yet, they already made two sales, so far, at an average of about $250,000/acre!!...
+ Diversified Holdings, a consolidated subsidiary of CyberAmerica, acquired, through a Stock Acquisition Agreement, 51% of the shares of common stock of a Louisiana Corporation whose sole asset is the General Lafayette Inn, 8 134 units Motel and restaurant, and four adjacent office/retail buildings, in Baton Rouge, Louisiana. Upon completion of the necessary renovations, the Motel will have an estimated value of $6.2 million according to an MIA appraisal report.
+ On July 23, 1998, Canton's Commercial Carpet Corporation, a consolidated subsidiary of CyberAmerica, acquired a two-story 18 unit apartment building that includes 7,500 square feet of commercial space located at 2402 Wall Avenue in Ogden, Utah. The total purchase price was a $850,000.
+ Canton's Commercial Carpet Corporation, a consolidated subsidiary of CyberAmerica, owns a building located at 268 West 400 South in Salt Lake City, Utah, which is currently used as CyberAmerica's headquarters and principal offices. The Office Property is a two-story building with 14,347 net rentable square feet of office space. The purchase price was $418,762.
+ The Glendale Plaza is located at 1100 South Glendale Drive, Salt Lake City, Utah. West Jordan Real Estate Holdings, Inc., a consolidated subsidiary of CyberAmerica, currently leases the retail shopping plaza. The property contains 76,831 square feet of rentable retail space and approximately 100% is subleased to tenants.
5) Management:
CEO, Richard Surber is an Attorney who definitely seems to know what he is doing... He is a graduate of the University of Utah College of Law where he obtained his juris doctorate. Mr. Surber also obtained a Bachelors of Science degree in Finance from the University of Utah School of Business. Mr. Surber is also a director of several other public and private corporations.
6) Discussion of Value:
A number of CYAA's Financial Assets appear to be booked at cost and have seen substantial increases in Value... CYAA has various other substantial investments in some 70 Companies and owns at least 20 shells, ready for suitable Reverse Mergers... One Reverse Merger with a decent Private Company, could net them as much as $10 Millions and they could potentially do as many as 6 or 7 per year...
ragingbull.altavista.com
CYAA has been growing at an average of some 500% over the last 9 Quarters... However, few Companies with this steep rate of Growth, trade below Book Value and I believe a PE between 30 and 40 would accurately reflect this tremendous Growth rate... I estimate that CYAA will have an EPS of between $2.00 and $2.50 for 2000, based on past trends discounted by 50%... My initial Target is $10.00, which would be a Market cap of only $28 Millions...
An application to list on AMEX has been lodged, as CYAA meets every requirements, except currently for the share price... However, AMEX is flexible and I believe the Review Committee will give approval to the listing... Afterwards, a forward Split is likely... Once on AMEX, Analysts will start recommending the stock, Institutions will add it to their Portfolios and before the end of the Year we should reach my secondary target of $30.00+...
7) Disclaimer: This is only the personal opinion of a potentially biased long, not a recommendation and no responsibility is accepted for errors or omissions... Would-be investors should carry out extensive Due Diligence and only invest what they can afford to lose...
JMHO, F. Goelo + + + |
