Clarocity Corp CLRYF

RE:RE:BOOM! That's how you do it!

[Trelawny]

Kobe,
It is very easy to cast dispersions. It is very easy to poo-poo an accomplishment from a keyboard in Southern Ontario. Particularly when the castigations are borne from a place of lack of experience.

Have you ever done a deal wherein a Canadian public company buys a private US company? Waded through the regulators, the exchanges, the IFRS to GAAP issues, the tax implications, the due diligence and all of the other issues that come with closing a deal?

That alone is worthy of heavy praise.

The people who cheer the loudest at the end of a Marathon are those that have run one. This is not my first deal in which I have been involved - I am cheering because I do know the difficulties involved. 

Further, you might also want to look at the people who come with Valued Veterans - these are very solid people. Rockstars as I would call them. War Vets and Former General Counsel to the FBI and CIA. I would call that some serious gravitas - given their collective background I would err on the side of accolades. Because they have earned them.

So I take umbrage in you castigating this team - I have great respect for them, and they are working diligently for all stakeholders. Show some respect. They have been helping build this company up and doing it well. People can and will take shots at me - that is fine, but you should seriously check yourself when you castigate those in management and the board who have been working hard to correct a situation not of their own making.

Regarding the deal, from a simple logic point of view  - without using any financial metrics - it would take time and money to build an AMC from scratch. So buying one built with excellent management and advisors is a win for ALL stakeholders. We get the AMC now - so we can get to market faster with our new offerings and we don't have to bang around trying to build it from cash.

Additionally, the AXIS deal which was contemplated would have been exceptionally bad for all stakeholders. It was the wrong size and the wrong fit and too expensive. This is the opposite - right size, right fit and a fair price for all parties and stakeholders.

So I am rightfully using the word ROCKSTARS - because that is what they are. They all worked incredibly hard to get here - and they deserve all the praise they get, and more.

Best regards,


Colin Fisher