It would appear, obvious, that Clancy went private so they could issue 5 million shares and have total control, a clean slate without CLSI share structure and existing shareholders.
CLSI and existing shareholders are farmed out to new company, Reverse Merger.
Liz may have jumped the gun by filling for 5mil shares before the deal closed or it is very close to closing and she could not tell us.
8k is due within 4 days of closing deal...
In my opinion, Clancy System is on their own now and doing what is right for Clancy / the Wolfsons, Cleartoken and all.
CLSI and shareholders are in limbo until the news is issued / deal closed / 8 k issued. Tony Nicks is our man....
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