CLST Holdings Inc (CLHI)

[Renegades17]

Found a floor



As I and others have stated, the stock found a floor in the mid $0.20s. Shouldn't have gotten down to this level, but let's be forward looking.

1. The 15-1 R/S is discounted in the stock in my view. Any changes will be a net positive.
2. I think the delay in the corporate action filing (to end of March apparently versus the originally indicated timeframe of mid-February to early March) should be perceived as a positive. Something changed (we can all hope a certain provision) and required a delay.
3. We need to hear about the acquisitions they lined up last year, more explanation of the projections etc. If they can credibly lay out the case for the strong revenue ramp, the stock will react favorably. Hopefully we get a good chunk of the company post CA to make it matter.

Waiting and hoping at this point. Not much reason to sell, but I can understand the hesitation from buyers too.