CLST Holdings Inc (CLHI)

[Renegades17]

I think I understand their plans quite well



They want to uplist as quickly as possible and only care about the share price reaching a sufficient level. Unfortunately, they didn't follow the right sequence to get there. Moreover, their plan shouldn't be to uplist. That should be a consequence of attaining a full valuation. Reaching a full valuation should be the goal.

The stock could very well get to $3-$5 on whatever PRs and updates they share. I certainly hope it does for recent purchasers (and my) sake. That said, they could have attained a share price well north of there, perhaps an order of magnitude higher given the current backdrop, if they had employed a more sane approach to the share structure.

I would have had a lot more respect for management if they had said something to the effect of "we understand your concerns and will reflect on them." A simple and conciliatory statement like that early on in the day could have tempered the negative reaction and bought them some time. Instead, they took a condescending approach, which is remarkable given Stephenson hasn't run a public company. If they were humble instead of arrogant, I would have appreciated that.