In today's episode of the MetroNet saga, Covista has $11.9 million net loss for fiscal year.
John Leach, Jr., Covista's President and Chief Executive Officer... continued, "Covista has adopted and begun to implement a remodeled business plan consisting of three components: [try something new], [make more in] equity capital..., and [spend less]."
The equity infusion
is the $12.5 mil common stock sale the 21 February press release I linked to last time was about.
