It was, but there is a big difference between more informative about the business and making misleading statements as they had done about the TX write-offs. If they had done a better job a year ago explaining what was going on, maybe there wouldn't have been such a "panic" that drove the stock down over 50%.
This market isn't driven by valuation, but speculation. So unless a rumor comes out that CLRO is a takeover target, It's not getting to 16 anytime soon. Especially if they can't start to grow the top line again.