Volume Continues to be Anemic...Time for CEO Thomas Mike to hit the road and hire a COO!
Stock volume continues to suck in CLRX. Valuation likely about $1 million over cash value assuming similar $1 million spend in Q4. Essentially no value given to the operating basis, with enough cash for probably 5 more quarters.
It is time to do the following:
1) Hire a Chief Operating Officer - someone who really knows what he's doing, gives CLRX more credibility in senior level management, and a person who can execute, execute, and execute on revenue generating deals, partnerships, and acquisitions.
2) Do a Roadshow - Mika needs to get CLRX shares into better hands...that's not going to happen with the volume being so low. His one or two conferences every other month doesn't cut it. Time to get on the phone and set up a road show of one-on-one meetings with development stage healthcare investors...including Venture Capital firms.
Let's get the heck going already!!! There is NO REASON that CLRX shouldn't be moving at a much faster pace, bolstering the management team, the deal pipeline, the institutional shareholder base, etc.