CLST Holdings Inc (CLHI)

[Renegades17]

UK regulations


I don't know them, but it's conceivable they have to wait until 30 days after closing to talk publicly about it and perhaps do a detailed PR. I can only assume that the rooftop party coincided with the closing of the offering.

The offering they did, while "private", actually involved a public solicitation through their website. It was somewhat limited as investors had to self-certify that they were aware of and could bear the risk of the investment, but it was fairly open to anyone that accepted the conditions.

If I'm right, we might be waiting for the quiet period to elapse before a more substantive update. Certainly hope I'm wrong in my assessment, but that's my guess at this point.

What I don't understand is why they kept harping that updates were coming in early August and then backed off. I can only surmise that the new CFO or someone else told them to stop and wait so as not to incite a regulatory response.