Clarocity Corp CLRYF

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:News out

[Trelawny]

The company will not get new clients and current clients could fade away.

This debt has been a millstone around the neck of the company for quite some time.

Our company is like Usain Bolt (the Olympic and World Champion 100m sprint champion) and have loaded him up with a cart full of rocks and put a millstone around his neck - and we are expecting him to win races. It can't happen.

The goal is this:
A debt free company without debt, no warrants and a few million dollars of cash on the balance sheet.

How?
A company without debt will need the debs to take the offer and the new facility to eventually move to equity. 

The cash wil come from the early exercise of warrants - such as the ZDS deal now happening and soon an offer to the 2014 warrants.

This all rest on the Debs taking the very lucrative offer. That is the lynch pin now. The ZDS warrant holders already moved.

The current facility needs to stay open to accept funds.

The 2014 may not need enticement as the share price may well move North of  30 cents if the Deb deal goes through - then those warrants can be called.

But ALL of this rests on the shoulders of the Deb deal going forward - otherwise, nothing can move forward.


Best regards,


Colin Fisher