CLST Holdings Inc (CLHI)

[Renegades17]

Expounding upon your theory


Could also reflect a desire to turn over the shareholder base into stronger hands for the eventual re-rating to much higher levels. Gave UK funds that know the company perhaps a lot better than ones in the US (and elsewhere) a chance to accumulate. UK funds are also accustomed to buying penny stocks as many of their shares, even ones that trade on the FTSE, trade in "pence" or fractions of a pound sterling.

Lots of narratives can be conjured up, but we won't know until it's clear in hindsight. I'm sticking with the less than competent social media manager explanation until proven otherwise.