Clarocity Corp CLRYF

RE:MIC on SEDAR

[Trelawny]

Joshua,
Not certain what you mean by operational leadership falling?

Phil Wazonek has done a lot of great things for the company. However, the focus needs to be in the US. The company needs to have people that are intimately knowledgeable of technology, the industry and the players in the US appraisal space.

This is a US based company. That provides software technology and services for the US real estate appraisal industry. It does not need a Canadian president. 

Again, Phil has been excellent in his role - but the role is no longer needed. With the acquisition of Valued Veterans, there are additional management resources and therefore the Canadian President is no longer required and becomes simply a cost that need not be borne by the company.

Resources are being focused where they need to be focused: In the U.S.
Everything is US based - so why dilute the resources and have a Canadian president? 

Shane is the CEO – he is growing into the role and getting better all of the time.

The Board of Directors are the shareholders' representatives. The new board members are very good upgrades for the Board. The board needs to become more American and there needs to be a progression towards making this a US company in all aspects.

The new board members have deep expertise and connections that will help this company grow. Further, it will help socialize this company and upgrade its status in the US. Having a bunch of Canadians with little industry expertise will not help. This materially increases the industry skill set of the board. The Canadians on the board have specific skills which help the company – securities, technology, and large business operational expertise. All things this company needs expertise in  and can help guide management. What has been lacking has been deep industry expertise and connections. The Board should help with this - and up until now we haven't had those skills on the board.

I also think that there needs to be a break from the past of this company. There is too much bad blood and history that needs to be jettisoned. This new board and management will help propel this company to what it has always promised to be. And every day this company is getting ever closer.

I believe that these moves will increase the skills and depth of the board and will help further the company’s growth.

Best regards,


 
Colin Fisher