Replies to post #31460 on CLST Holdings Inc (CLHI)

[BPETER]

To the Stockholders of CLST Holdings, Inc.:

Over the past several months, I have continued my efforts to compel the Delaware Secretary of State to reinstate the charter of CLST Holdings, Inc. This has included engaging legal counsel in Delaware for the purposes of obtaining relief from the Courts directing that the charter be reinstated. Given the length of time since the company was improperly dissolved, the process has been rather methodical and has required a sizable investment of both time and financial resources. As I have previously stated, my lone objective - one which I firmly believe benefits all stockholders, is for CLST Holdings to be reinvigorated as a viable publicly-traded company.

Our legal team's research continues to focus on the validity of the 2010 corporate dissolution and the fairness of the distribution of company assets that was alleged to have occurred. Specifically, we are focusing on the understanding of each stockholder at the time of dissolution and what, if any, promises were made to them. The records pertaining to the distribution of company assets - which are publicly available, suggest that not all stockholders at that time received a pro rata share of the alleged distributions, which is a cause for concern.

Therefore, I am writing you to not only provide an update but also ask for the assistance of one or more "legacy" stockholders. A "legacy" stockholder in this instance, would mean any current stockholder who has held their shares since at least 2010. Based on legal advice, it is crucial to obtain one or more signed statements confirming your share ownership and the non-receipt of promised distributions. This will help accurately present the dissolution and address concerns of potential deceptive activity.

I note further that a group of larger stockholders had in fact successfully litigated and settled with CLST Holdings over this or a similar issue but are unable to disclose details given the terms of their settlement. The willingness of any legacy stockholder to offer a signed statement in support of our eventual petition to the Courts will not make that stockholder a litigant or otherwise subject to the Court's jurisdiction. Rather, your statement will simply bolster our case and offer the presiding judge a comprehensive understanding as to how we have arrived at this critical juncture.

Should you be willing to consider offering a statement or otherwise have questions as to the same, I encourage you to contact me at your earliest convenience. Your willingness to support my efforts on behalf of the Company are greatly appreciated. Thank you for your time and consideration.