WARREN CLOUD CRYSTAL GAMING: wall of silence from the brokers and management

I have now contacted Seymour Pierce, brokers for the Crystal Gaming casino group public flotation, scheduled for November 25th and cancelled, on two occasions:

Pre-float, I emailed two of the analysts with salient information the essence of which can be read in the "promo emails to which the recipient is not entitled" article I wrote earlier this year.

I received no reply from either party.

Post-float, I contacted them by phone, requesting any information that was publically dispensable as to why it had been cancelled. They requested my phone number so that the person in charge of "Crystal" could get back to me.

Again, I have heard nothing.

I will send some email backup, but at this point I can only conclude that nobody is prepared to issue any statement on the reasons behind the failure.

When a flotation of a gambling company on the UK stockmarket is publically announced, is it not reasonable to expect some kind of an explanation when it gets cancelled? Why the secrecy?


Bryan Bailey proferred the following comment in the Crystal Gaming IPO thread at Casinomeister:

...the IPO has merely been postponed - not cancelled. It's still probably going to happen, but not for a little while.

But again, why are the relevant parties maintaining this wall of silence? Why can they not state this themselves, and not leave it up to third parties to post what seems to amount to conjecture? Why the secrecy?


I also contacted the owner, Warren Cloud, on the matter. I received no response. However, in light of the message I received from him, via the Casinomeister forum software...




...maybe that isn't unexpected.

What extraordinarily unprofessional behaviour on the part of the owner of a company seeking a stock market listing and investment to the tune of $140,000,000.

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