Buckle Up, Basta Holdings, Corp. (BSTA) Is Set For Lift Off

BSTA Stock, Basta Holdings Inc.Coming off their biggest volume session since they began trading and the filing of their NT-10K (notification that the annual filing will be late), the penny stock of Basta Holdings, Corp. (BSTA) is looking to regain its altitude starting today. Due to file additional revenues from their aviation and logistics services provided, BSTA stock is the subject of a new campaign that any Scholar would find to be a hot prospect. With a float and OS structure lower than most any radar can detect, having your radar pegged for this to bounce back to $5 this week would eliminate any glitches to start the new year.

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BSTA Stock Quote
High 1.80 Low 1.45
Open 1.50 Prev Close 1.00
Volume 81,100 Avg Volume 10,305
EPS (0.01) Market Cap $6.15M
52Wk High $11.00 52Wk Low $1.00
14-Day Rel Strength 37.91% 14-Day Stochastic 15.29%

Initially, Basta Holdings Corp. was set up by Cane Clark LLP (we all know what that means) with a home office in Shanghai, China to distribute copper pipes and fittings for sanitary engineering. That changed a year ago this week when Jacob Gitman too ownership of the 3,000,000 shares of BSTA stock Chunfeng Lu, the Company’s former sole officer and director, owned after paying $.001 per share back on May 21, 2012.

Now under the directorship of Gitman, it was simple to see why the business would switch to providing aviation services since Gitman had been President of WAB International, Inc., an international holding company involved in aviation related businesses. Moving from planning to provide cooper pipes and fittings for shitting China men to focusing on aircraft leasing and acquisition, cargo and passenger operations, as well as flight operations and maintenance, since WAB International has over 10 offices around the world including two in the United States and one in Russia, Ukraine, Kazakhstan, Uganda, South Africa, Afghanistan, Pakistan and UAE, was all it took to get BSTA‘s engine started.

However, the performance of BSTA since it began trading in March, 2014, has been turbulent to say the least. Having gone from $7 to $10, slid down to $4, bounced up to $9 (in just the first 4 months), the slide down to $1 last week was a painful one. Friday’s enormous volume session, more than 8X the average, was a significant loading stage prior to the weekend’s BSTA stock alerts.

Seeing their 10-K will be an exciting event for those who own shares considering that for the three months ended September 30, 2014, the Company generated $406,018 net revenues from $3.6 million worth of flight revenue arranged. Basta Holdings managed to do this while spending just $219,479 during the period for net income of $132,385, $0.04 per share. Note that, in 2013, WAB International generated fees of approximately $70 million from providing heavy helicopters long term charter and logistics management.

Even more exciting is the fact that there was, as of September 30, 2014, just 730,000 shares of BSTA stock that Gitman didn’t own making it one of the smallest publicly traded floats on the OTC. While sourcing the cost of those shares and who owns them might not be so simple, it’s pretty easy to see that BSTA stock could surge when you see that:

On August 21, 2014, the Company entered into a Convertible Note in the amount of $500,000. The Note has a one year term, bears interest at 6% per annum; it is convertible into common stock at the price of $6.70 per share, which was the average closing price of our common stock on the date the loan was closed.

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About BSTA Stock

Basta Holdings, Corp. is a development stage company that provides aviation services to third parties which include the provision of aviation support services to Aircraft Charter Solutions, Inc., a company that provides aviation support services to AECOM Technology Corporation, a subcontractor for Dyncorp International Inc., which is a contractor for the U.S. government under the U.S. Army’s Logistics Civil Augmentation Program (“LOGCAP”) in Afghanistan.

Click here to view the SEC filings for BSTA.
Click here to view the website for Basta Holdings.

Authorized: 75,000,000
Issued and Outstanding: 3,730,000

Last 5 Trading Sessions:

Date Open High Low Last Change % Chg Volume
01/02/15 1.5000 1.8000 1.4500 1.6500 +0.6500 +65.00% 81,100
12/30/14 1.4000 1.4500 1.0000 1.0000 -0.5500 -35.48% 6,800
12/29/14 1.5500 1.5500 1.1000 1.5500 -0.0500 -3.13% 16,100
12/26/14 2.3600 2.5800 1.5100 1.6000 -0.8500 -34.69% 15,400
12/24/14 2.3700 2.4500 2.3600 2.4500 -0.3000 -10.91% 2,600

 

Bottom Line:

Putting BSTA on your radar and setting a course to $6.70 a share could be aggrandizing the penny stock a bit much. Seeing who the CFO is and how much the Scholars were compensated to send out alerts, BSTA should easily see solid volume throughout today and into the middle of the week.

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