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Filing Details

Accession Number:
0001325533-10-000031
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-06-25 13:00:00
Reporting Period:
2010-06-23
Filing Date:
2010-06-25
Accepted Time:
2010-06-25 14:16:51
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
913590 Clst Holdings Inc. CLHI Wholesale-Electronic Parts & Equipment, Nec (5065) 752479727
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1423093 David Sandberg 654 Broadway
Suite 5
New York NY 10012
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock ($.01 Par Value) Acquisiton 2010-06-23 260,000 $0.18 260,000 No 4 P Direct
Common Stock ($.01 Par Value) Disposition 2010-06-23 260,000 $0.18 0 No 4 P Indirect By the Bear Market Opportunity Fund, LP
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
No 4 P Indirect By the Bear Market Opportunity Fund, LP
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock ($.01 Par Value) 4,561,554 Indirect By David Sandberg
Footnotes
  1. This report is filed to disclose the change in the form of the ownership of the indicated securities from indirect to direct. There has been no change in the aggregate number of shares held by the filing persons.
  2. Red Oak Partners, LLC ("ROP") serves as the general partner of The Red Oak Fund, LP, a Delaware limited partnership (the "Fund"), the direct owner of the subject securities. David Sandberg is the managing member of ROP and the Fund's portfolio manager.
  3. ROP serves as a general partner of Pinnacle Partners, LLC, a Colorado limited liability limited company ("Pinnacle Partners"). Pinnacle Partners manages Pinnacle Fund, LLLP, a Colorado limited liability limited partnership ("Pinnacle Fund"), the direct owner of the subject securities.
  4. ROP is the investment advisor to Bear Market Opportunity Fund, L.P., the direct owner of the subject securities, and exercises investment control over the subject securities. David Sandberg is the managing member of ROP and is the portfolio manager of the Bear Market Opportunity Fund, L.P.
  5. Each Reporting Person disclaims beneficial ownership of all securities reported herein, except to the extent of their pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the shares for purposes of Section 16 of the Securities and Exchange Act of 1934 or for any other purpose.