FLINT Corp T.FLNT

ClearStream Name Change: Painting the wall of the Titanic

[RealdealKP]

BigStar, 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!

[wealth2015]

many good points for sure, one question why do you think they bothered with name change?

[wealth2015]

I agree that mngmt is not looking for best interest of the shareholders, when you look at last two q with significant revenue cosidering market cap of approx. C$5M with only few small changes company could easily deliver at least penny or two for profit, but they dont even one percent increase is price for contracts will deliver profit, strange games for sure

[RealdealKP]

They want to change the name because some of the old management is from the old Flint.  They were fired from there and then they took over the name and want to feel like they run the company that they were fired from. In other words the name change is for ego.   This company was going to go bankrupt if it wasn't for the over $40MM in government subsidies they took in.

[wealth2015]

the main reason why there wew in trouble was o&g low prices, now we have much better enviroment for o&g companies booking for new services, that should help csm

[Willthethrill]

You have some good points, but with the subsidies they took, the whole country was taking money from the government, most people and companies would have gone bankrupt if not for these. My question to you is why did you just set up an account yesterday on stockhouse and start blasting this company? 

[Willthethrill]

The reason you give for the name change makes no sense.sound like your a disgruntled employee, is it you Steve?

[wealth2015]

that's my thinking Willthethrill, guy open's account and blast company when company is on the verge of reboot with decent new contracts added

[RealdealKP]

We all have profiles on here, what does it matter when I started.  The impetus to start was the name change to Flint.  It's all smoke and mirrors.  Canso needs to take control and change the board.  I looked through the |AIF (Annual Information Forms) and the board members don't have the right experience to run this company.  One runs a catering company and the

[wealth2015]

you are spending time to tell us that company is worthless......why?  I have my ideas why and not listening to your noise at this point, just shame what will some do for money, investors need to make own decisions where to put money, again $0.04 to $0.05 per share to own part of this story is better bet than lottery!!

[SteveW29]

I see your points here, but I might have different opinions on some of them given  9 years of carrying this stock. what I can tell, I was hoping new CEO will come with new thoughts out of the , flip it, diverse it but not seeing that, ONE thing this MGM can do and it will make this sp over .84 but they don't see it......   All

[SteveW29]

Operating performance  ROA: -3.29% Net Margin: -0.01% BV/Share: -1.63 and 4 more I think back in 2016 or 2017, previous CFO fixed them, can't remember his name Gemy Summach,

[moose73]

That's exactly what it is, He's starting to see the stock getting some attention and it bugs him. Makes me want to buy more.

[SteveW29]

@ Willthethrill, better stay away from bringing my name here, my protofile can buy this entire CSM or what ever they call it Dlint or Flint!

[Wapiti1000]

Oh Steve you're funny! I love how this board is coming alive just like the s/p!!!!

[SteveW29]

Thanks mr wapiti1000, funny bunny so now I want you to focus on your shares in V.MMS and see then coming down, try to invest in something big!

[bigstar10]

This post has been removed in accordance with Community Policy

[RealdealKP]

I only spoke in facts.  I've obviously offended you which shows that you're an insider.

[cantlose22]

This post has been removed in accordance with Community Policy