CLST Holdings Inc (CLHI)

[Renegades17]

Great points




We've obviously debated the R/S on this forum quite a bit, but I wanted to make another point. The company was focused, IMO, on the wrong goals. The primary objective should have always been to grow the market cap as much as possible. Their actions ran counter to this objective.

The company also needs retail investors to support the stock and drive appreciation. They were a long way from uplisting and needed to build up a supportive shareholder base first. Worry about the numerical share price later. Adjust the share ownership through convertible preferred stock (like HUMB-L), but don't punish shell shareholders.

If anyone has communicated with the outsourced IR firm, you'll quickly realize at least one source of bad advice. At this point, I still believe there isn't much downside (of course, I thought that at $0.25 and was proven wrong to a certain extent). I just don't know how to assess the upside until we get more information.