ClearOne Inc (CLRO)

[McBuyInTime]

It is time to remove Bagley

In one and a half month ClearOne Communications have lost half of its value. And that loss didn't start from a high level.

When everybody thought it reasonable to expect that ClearOne would finally release all numbers and file to become current and eligible to trade on an exchange other than the Pink Sheets, ClearOne refuses to do so and one has to ask why.

Is ClearOne not doing any book keeping at all? - One could get that impression in view of court decision the other day, when the judge accepted (!!!) the claim by ClearOne's lawyers that the records requested did not exist....

This is too much...it's time to start openly recognizing that ClearOne is dominated by a person with a criminal record and that the rest of the management team is not able to stand up to this individual for whatever reason - the size of his stake in ClearOne would be the most obvious, but who knows what else there might be...

The SEC now assumes that the threat of ClearOne losing its registration should compel company to produce records on or before October 15, but why is company resisting? What is the operating motive here - why is a perfectly fine company apparently being destroyed from within?

Enough is enough - shareholders should unite to remove the Chairman of the Board of ClearOne Communications - Mr. Dale Bagley.