CLST Holdings Inc (CLHI)

[Renegades17]

I agree



Management actions aren't Ben Berry's fault from everything that I've seen and heard. I think he too was blindsided.

Synergy resurrected a forgotten ticker and helped create value by finding TDS. What TDS does with the company afterwards is their responsibility. There's a risk we all take that management will do something shareholder unfriendly (however shortsighted and misguided) as they've chosen to do.

Every communication with Stephenson that I saw prior to the filings suggested he was grateful to CLHI shareholders and would treat us well. That obviously turned out not to be the case so far.

I do think the stock has minimal downside from here. I just don't know how to assess the upside given I don't trust management as much as I would like.

This experience has confirmed to me how important management is on the OTC. The good management teams that are shareholder friendly get rewarded and can get valued quite reasonably. I personally don't think you have to be on the Nasdaq or NYSE to get a healthy valuation. In fact, once a stock is on the bigger exchanges, it becomes much easier to short (either directly or through puts), so that acts as depressant on prices. I know some can short OTC stocks, but it's difficult and oftentimes requires exorbitant maintenance margin.