CLST Holdings Inc (CLHI)

[Renegades17]

Multiple problems I would say



The RS is a problem. I do believe the worst is discounted at current levels, but the upside is difficult to ascertain without knowing the pro forma ownership for shell holders. The delay, as you suggest, is also a problem. I would add that communication from management is too often vague with little substance. There are multiple items that deserved updating long ago- the acquisitions they highlighted last year being one of them.

They botched the process. My hope is that the delays in processing corporate actions are indicative of changes to the RS (or perhaps FINRA doesn't agree to process it, which would be great). There were much better ways to manage the capital structure and better serve all stakeholders.