CLST Holdings Inc (CLHI)

[Renegades17]

His objectives aren't aligned with CLHI shareholders




He wants to uplist and has a "plan" in place (see how many times they mention that on Twitter). The shell shareholders don't matter to him. He was advised that they need a certain price to uplist and he wants to be a Nasdaq-listed company.

The problem now is that after the RS, the stock price is barely above listing requirements. There's little float left and he will have a hard time doing another R/S because I doubt his private shareholders will stand for it.

It was a terrible plan particularly given the company isn't even close to being ready to uplist (where are the audited fins?).

Best case scenario is that he lowers the R/S ratio.