Larry Reid - Cleartronic Chairman

CLRI Stock  USD 0.01  0.00  0.00%   

Chairman

Mr. Larry M. Reid serves as Chief Financial Officer, Secretary, Director of the Company. He is the founder of Cleartronic and a cofounder of VoiceInterop. With over thirty years of executive management experience including sales and marketing, operations management, and financial management, from 2001 to 2005 Mr. Reid served as CFO and director of Connectivity, Inc., a manufacturer and distributor of emergency call boxes. He was instrumental in Connectivity acquisition by CNE Group, Inc., and served as Executive Vice President and Director of CNE from 2003 to 2005. Mr. Reid has broad experience in venture startups, raising capital, building organizational synergies, creating and developing joint ventures and strategic partnerships, opening new markets, and driving key business initiatives. Early in his professional career in corporate financial management, Mr. Reid was responsible for raising more than 5 million in startup capital for Ocurest Laboratories, Inc., a company he cofounded to package and distribute overthecounter eye drops in a new eye drop dispenser. He forged Ocurest successful IPO in 1996 and helped lead the company achieving an estimated 80 percent market penetration of optical supply retail outlets in the United States. since 2016.
Age 78
Tenure 8 years
Phone561 939 3300
Webhttps://www.cleartronic.com

Cleartronic Management Efficiency

The company has return on total asset (ROA) of 0.2223 % which means that it generated a profit of $0.2223 on every $100 spent on assets. This is way below average. Cleartronic's management efficiency ratios could be used to measure how well Cleartronic manages its routine affairs as well as how well it operates its assets and liabilities.
Cleartronic currently holds 106.73 K in liabilities with Debt to Equity (D/E) ratio of 3.46, implying the company greatly relies on financing operations through barrowing. Cleartronic has a current ratio of 0.9, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Debt can assist Cleartronic until it has trouble settling it off, either with new capital or with free cash flow. So, Cleartronic's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cleartronic sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cleartronic to invest in growth at high rates of return. When we think about Cleartronic's use of debt, we should always consider it together with cash and equity.

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Cleartronic, Inc., through ReadyOp Communications, Inc., provides Internet protocol , and unified group communication solutions in the United States. Cleartronic, Inc. was incorporated in 1999 and is based in Boca Raton, Florida. Cleartronic operates under SoftwareApplication classification in the United States and is traded on OTC Exchange. Cleartronic [CLRI] is a Pink Sheet which is traded between brokers over the counter.

Management Performance

Cleartronic Leadership Team

Elected by the shareholders, the Cleartronic's board of directors comprises two types of representatives: Cleartronic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cleartronic. The board's role is to monitor Cleartronic's management team and ensure that shareholders' interests are well served. Cleartronic's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cleartronic's outside directors are responsible for providing unbiased perspectives on the board's policies.
Larry Reid, Chairman, CEO and President CFO, Principal Accounting Officer and Secretary
Michael Moore, CEO Director

Cleartronic Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Cleartronic a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Currently Active Assets on Macroaxis

Other Information on Investing in Cleartronic Pink Sheet

Cleartronic financial ratios help investors to determine whether Cleartronic Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cleartronic with respect to the benefits of owning Cleartronic security.