Here's some GENERAL INFORMATION for people New to CVIA. It is a compilation of info gathered from past to present. It's just for reference only. I'm just an individual investor, so please do your own research before investing in anything.
CVIA is an OTC:BB but is a REPORTING company (files 10-Qs,10-Ks, etc).
CVIA web site: cvia.com
RECENT CVIA PRESS RELEASES Including today's news can be found at
cvia.com
SEC Filings (Has info from BEFORE the turn-around started):
sec.gov
CVIA Investor Relations Phone: 918-748-1996
E-mail: info@cvia.com
Total Shares Outstanding: Apx 55M
HERE IS SOME ADDITIONAL INFO:
CVIA is a "turn-around" situation. The "old management" left it in a
very bad situation (See 10-Q filed for Aug 20).
CVIA interim CEO Jack Arnold just took the helm about 4 months ago.
CVIA has virtually NO DEBT.
CVIA is a "shell corp" in many respects, but it DOES have ASSETS.
(Owns interest in 2 small companies - See Press Releases)
CVIA has a $2 Million "loss carry forward" that could be of benefit
to a merging partner depending on the details involved. This could be worth $600,000 CASH under the right circumstances.
CVIA share price is near the 52 week low.
CVIA has indicated that they want to get this Merger done "as quickly as is reasonably possible."
CVIA says the new management team includes "well-respected individuals with vast experience in accounting, public relations and Wall Street finance, in addition to extensive experience within the industry itself."
CVIA's New Management decides to take the "Wal-Mart" approach!
"Simply put, everybody buys fuel, tires and oil:
this is a business anyone can understand."
CVIA is targeting locally controlled, highly profitable retail tire
businesses for acquisition.
CVIA plan targets a profitable western U.S. tire company with $3.5 Million in annual sales as the first acquisition.
CVIA Merger plan calls for building a large company, in excess of $200 Million in annual sales.
Tire business is quite profitable!! Average Industry Mulitple looks to be around 25 !
They are using the each acquisition to "springboard" up to the next level. It looks like a very smart plan!
They also said they hope to have another Press Release out before the end of the year.
How many stocks in this price range have this much going for them? That's why it looks good to me.
Of course, everybody should do their own research before investing in anything.
Best wishes,
Brad |
