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Monday, January 26, 2009

Green gone

Following on from the announcement that Datatrak had resolved the contractual disagreement regarding the ownership of the Clickfind technology, Jeff Green has stepped down as Chairman and CEO.

So, who will buy the remaining assets of DataTrak?   At 15cents a share and a market cap of 2.6M USD some company might see value.  I suspect a mid tier CRO might come in see the technology as a sort of 'House Wine' implementation of EDC for sponsors that do not show a preference for one of the big players.

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