CLST Holdings Inc (CLHI)

[Renegades17]

I believe you encapsulated Stephenson's thinking



It's the wrong approach for many reasons and CLHI shareholders suffered as a consequence. They could have raised the AS some (and granted additional shares to the company) and then released all of the positive information we've been anticipating. Let the share price absorb the information and see where it trades. After that, adjust the share structure as necessary to effect the uplist. That would have been the value maximization path, which should be the goal not just uplisting. It also would have kept a reasonable float for trading and liquidity. The current approach does not.

I do expect some upward movement in the share price once all of the anticipated announcements have been made. That said, the stock price will not reach its potential given Stephenson's actions.

Given the $120mm in NOLs and efforts that we as shareholders made to get the RM done, I would have expected 5-10% of the pro forma ownership. I expected to be diluted from there due to acquisitions, which is fine. Dilution due to value accretive acquisitions is great as it expands the pie.

I'm not arguing with you and respect your point of view. Just wanted to make some additional points. We're all on the same team trying to maximize the value of our investment. Let's hope management meets us somewhere in between the current polar opposites to create a better outcome.