Clearday Inc (CLRD)

[John_Vallay]

I just read that Clearday is giving up their businesses. the CEO bragged about how he was going to make money with Memory Care and all the other senior living centers, but now he is walking away from the leases. According to some recent press releases he is going into the robotics business. But he doesn't have engineers or R&D and based on some really poorly written press releases it looks as if he will be a salesman for another company that is manufacturing robots.

Clearday does not own the technology or patents, and unless I am wrong, they are strictly a sales force.

The CEO failed 100% at the business, the balance sheet is a disaster, and they have those financing deals thata re high interest or convertible to stock at 50% discount to market. Has this guy ever turned a profit or is he in the business of losses and tax right offs. What an embarrassment.

And then some crazy deal with a nasdaq company that is or was a SPAC. Are the people at the SPAC out of their minds. What the heck is going on? has the entire world lost any sense of business 101, profitability or common sense business deals.

I will leave it off with this - I haven't looked at CLRD in a few months and I read the latest 10K and some press releases and maybe I am going crazy bit who in their right mind would want to give money to Clearday and the management team that has NEVER EVER turned a profit.