Clarocity Corp CLRYF

RE:RE:Thoughts on AGM and the Future

[JCMatt60]

Colin,

Thank you for taking the time to put together such a comprehensive response.  I greatly appreciate it.  As mentioned in my original post, I got in some time back at $.12 based on my belief that the business case makes sense, the product has value and the addressable market is significant.  What is frustrating for me (and others) is the length of time it is taking to see any real revenue and real business growth.

The most recent financial statement I can find on sedar.com is the interim financials released in Nov. 2015.  At a very high level, I see total expenses of approximately $11M on a gross revenue less than $2M (9 month period).  Since the large majority of expenses are salaries and IT related, unless there is a major organization restructuring planned it would appear gross revenue will have to increase by a factor of 6X to get anywhere near break-even.  Is there a business plan that describes the management team's strategy to get to profitability?  I don't see anything on sedar.com that looks like a business plan.

I may take you up on your offer for a private conversation but thought I provide some feedback here as well.