CLST Holdings Inc (CLHI)

[Renegades17]

We might be getting somewhere



I did learn from a good source (perhaps the same one others have intimated) that the company is scrambling to find a solution. They won't publicly admit it, but they got bad advice regarding the RS (and possibly the share issuance, but personally, I was okay with that if there was no RS). They are trying to figure out the steps to undo the damage. Perhaps this is why they didn't reference the RS in the most recent PR. I will say, a proposed solution that I heard is convoluted and I'm not thrilled with it, but it seems like a fluid situation. I will say, almost any solution is better than the RS as currently proposed.

I've offered a potential solution to IR via email. I'm sure others have as well. If your cost basis is higher than here, I'd personally wait and see what happens. I don't believe it will get worse and there is some reason for optimism.