ClearStream Name Change: Painting the wall of the TitanicBigStar, Indiana & Will,
I would like to share a few facts with you:
1) Regardless of the new contract wins this company claims to have, they produce negative Free Cash Flow
2) Even if there ever was Free Cash Flow, there is so much senior debt and preferred shares that there will NEVER be a cent that goes to the equity holders. Therefore the value of these shares is ZERO and will ALWAYS be ZERO.
3) This company is corrupt as the management team takes on high salaries and bonuses while generating no value for shareholders.
4) Canso Investment Counsel owns 17% of the shares and if you fully dilute the preferred shares they own then they own 99% of the shares. They also own all of the debt except for the $50MM revolver they have with TD. Canso therefore owns this company but I'm not sure how their valuing their debt as there is no repayment on any of it except the $40MM term loan on which only interest is paid.
5)The company generates less revenue and EBITDA AFTER the acquisitions completed in 2019.
6) The acquisitions were completed for revenge as certain members of the executive team were fired from the previous Flint
7) It doesn't matter if you call this company ClearStream or Flint or Unicorn, it has ZERO value to equity holders
8) The only person on this bullboard that understands this company is WSteve
9) These shares have ZERO free cash flow to equity and are therefore worthless and this company should be delisted.
10) The only people that will ever make money are the executive team and they don't care about you!