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Clarocity Corp CLRYF

Industrials Technology Business Services Software - Application
Clarocity Corp is a California based firm. The company is engaged in the development of real estate valuation software product and related technological products. Its products and services are MarketValue Pro Appraisal, Traditional Appraisal, AQC Appraisal Review, BPOPro, ANMPro and BPOMerge. The company also provides alternative valuation and appraisal fulfillment services. Most of its revenue is earned through the United States market.


GREY:CLRYF - Post by User

Clarocity Corp
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Comment by Veteran1on Sep 14, 2017 4:14pm
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Post# 26697633

RE:RE:RE:RE:RE:RE:RE:Warrant amendment approved

RE:RE:RE:RE:RE:RE:RE:Warrant amendment approvedExactly, the main point of reducing the shares was to have them in a position that they could be exercised and raising cash for the company to get them through to the next stretch. Although I agree the warrants would have expired worthless in December assuming the price did not climb above .20, reducing the warrant price lower to get them in exercise range was the more important issue vs trying to raise 3-5 Million $ in a new share issue which would definitely have hurt the stock price and take time and cost.  

I don't really agree with paying for the warrants if they are not going to be exercised but maybe this was done so the warrants were not quickly exercised and then dumped hurting the share price.

Just my thoughts 
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