Clarocity Corp CLRYF

RE:Meeting yesterday

[gwr]

Thanks for that on the ground report of yesterday’s open house meeting. They stated on phone in call that about 85 people were in attendance for the open house meeting. Not surprised by your comments on BPO merge & Value Vision as I have heard that Fannie Mae alone has doubled since June and Fannie has indicated they plan on doubling every 3 to 4 months going forward for the foreseeable future as company increases ability to handle flow, we should be able to see this starting to happen in coming financials over next 2 quarters and this I will be watching for.
 
The existing negotiations and audit info, etc., with Axis are ready to close but for sure King leaving has maybe changed the landscape some, I have heard the company is considering the dilution factor along with a couple other things as you suggest, and Strickland indicated much depends on his meeting next week with Axis people. Will wait to hear outcome before drawing any further conclusions.
 
ZAO has lots of good options and Value Vision people and company are key players going forward with the higher margin product opportunities and developing deals with Fannie Mae, BofA, Wells Fargo, Captial One, Fidelity, etc.
 
I remain long the stock and have every intention of giving the company continued time to evolve and develop, this could yet be a very big winner after disappointments along the way and after this latest nasty decline the downside is minimal for sure with large upside if they execute growth plan.