Clarocity Corp CLRYF

RE:RE:Cantech letter / Haywood

[Trelawny]

Rockdweller,
Interesting that you have only posted for the first time. I'm pretty certain I know who you are.


1) So? They have attended their conference last year and do some publicity with them. This article is simply quoting a research report.

2) This is from the analyst at Haywood - when they dip their toe into a company they are usually very conservative. The analyst is simply taking a conservative revenue ramp and increasing the burn to push out break-even point. If they perform then he move the break-even point sooner. Analysts have to put predicitions to paper and they would rather be conservative than aggressive.

3) What are you on about? The report from Haywood was released first thing Monday morning and the Cantech Letter article was released on Tuesday. 

4) They didn't stop because of confidence they stopped because IIROC said they had to release expenses along with revenues. This essentially made it impossible for them to continue with monthly updates as expenses take far longer to collect for a report than revenues which are known immediately. 

As to transparency, no one does monthly revenue reports, they were doing it in order to provide comfort and more information to the market. With the advent of the request to expenses it made it untenable to continue to provide it on a monthly basis.

There Q2 was great, I don't know what you are on about. Revenues reported in CAD were up over 12% QoQ while CAD strengthened against the USD over 3%. 

5) If you knew how to read a financial statement you would be able to determine that Gross Margin improvement shows that the revenue growth is being driven by the newer tech based offerings with the higher margins.

6) refer to my previous point. With margin improvement it shows that the new products are driving the revenue.

The moves by Freddie are good for CLY - the market is moving to alternative appraisals. The appraiser free mortgages will be for a small portion of the market. Most of the market will be driven by alternative appraisals. There are even deeper more opaque reports from Fannie and Freddie which fruther show that they are opening up the market to alternative appraisals - which is right where we are.

7) You bash, insinuate and undermine - then call for community? Cynical hypocrite.

Colin Fisher