-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 ClotdqgfXJFe5fn66fyddd3rApFxVvtXfoyuzMjH5pxfGlqg9NEmBmze439ii1um
 oCrEGFK2+wJgCYcnMKhvIw==

<SEC-DOCUMENT>0001144204-08-026603.txt : 20080507
<SEC-HEADER>0001144204-08-026603.hdr.sgml : 20080507
<ACCEPTANCE-DATETIME>20080507160352
ACCESSION NUMBER:		0001144204-08-026603
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080505
FILED AS OF DATE:		20080507
DATE AS OF CHANGE:		20080507

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chanticleer Holdings, Inc.
		CENTRAL INDEX KEY:			0001106838
		IRS NUMBER:				522102141
		FISCAL YEAR END:			0731

	BUSINESS ADDRESS:	
		STREET 1:		4201 CONGRESS STREET,
		STREET 2:		SUITE 145,
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209
		BUSINESS PHONE:		704-366-5122

	MAIL ADDRESS:	
		STREET 1:		4201 CONGRESS STREET,
		STREET 2:		SUITE 145,
		CITY:			CHARLOTTE
		STATE:			NC
		ZIP:			28209

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TULVINE SYSTEMS INC
		DATE OF NAME CHANGE:	20000214

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PALISADES MASTER FUND LP
		CENTRAL INDEX KEY:			0001323145
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00709
		FILM NUMBER:		08809990

	BUSINESS ADDRESS:	
		STREET 1:		HARBOUR HOUSE WATERFRONT DRIVE
		STREET 2:		ROADOWN
		CITY:			TORTOLA
		STATE:			D8
		ZIP:			00000
		BUSINESS PHONE:		284-494-4770

	MAIL ADDRESS:	
		STREET 1:		HARBOUR HOUSE WATERFRONT DRIVE
		STREET 2:		ROADOWN
		CITY:			TORTOLA
		STATE:			D8
		ZIP:			00000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			PEF ADVISORS LTD
		CENTRAL INDEX KEY:			0001365431
		STATE OF INCORPORATION:			D8
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	814-00709
		FILM NUMBER:		08809989

	BUSINESS ADDRESS:	
		STREET 1:		HARBOUR HOUSE 2ND FLOOR
		STREET 2:		WATERFRONT DRIVE POB 972
		CITY:			ROAD TOWN TORTOLA
		STATE:			D8
		ZIP:			00000
		BUSINESS PHONE:		284 494 4770

	MAIL ADDRESS:	
		STREET 1:		HARBOUR HOUSE 2ND FLOOR
		STREET 2:		WATERFRONT DRIVE POB 972
		CITY:			ROAD TOWN TORTOLA
		STATE:			D8
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v112877_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-05-05</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001106838</issuerCik>
        <issuerName>Chanticleer Holdings, Inc.</issuerName>
        <issuerTradingSymbol>CEEH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001323145</rptOwnerCik>
            <rptOwnerName>PALISADES MASTER FUND LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>HARBOUR HOUSE, 2ND FL, WATERFRONT DR</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 972, ROAD TOWN</rptOwnerStreet2>
            <rptOwnerCity>TORTOLA</rptOwnerCity>
            <rptOwnerState>D8</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, BRITISH</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001365431</rptOwnerCik>
            <rptOwnerName>PEF ADVISORS LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>HARBOUR HOUSE 2ND FL, WATERFRONT DR</rptOwnerStreet1>
            <rptOwnerStreet2>P.O. BOX 972, ROAD TOWN</rptOwnerStreet2>
            <rptOwnerCity>ROAD TOWN TORTOLA</rptOwnerCity>
            <rptOwnerState>D8</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, BRITISH</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock, par value $.0001 per share (the &quot;Common Stock&quot;</value>
            </securityTitle>
            <transactionDate>
                <value>2008-05-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>890000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.5800</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2094401</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <remarks>On May 5, 2008, the Reporting Person sold 890,000 shares of Common Stock in an open market transaction at a price of $0.5800
 per share.</remarks>

    <ownerSignature>
        <signatureName>/s/ David Sims - PALISADES MASTER FUND, L.P. -Discovery Management Ltd., its authorized signatory</signatureName>
        <signatureDate>2008-05-07</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Paul T. Mannion, Jr. - PEF ADVISORS, LTD.</signatureName>
        <signatureDate>2008-05-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----