The problem is the Click event handler does not tell you the coordinates where the user clicked. Use a form-level variable to save the coordinates in the MouseUp event handler. Then use those coordinates in the Click event handler.
Private Sub Form_MouseUp(Button As Integer, Shift As _
Integer, X As Single, Y As Single)
ClickX = X
ClickY = Y
End Sub
Private Sub Form_Click()
MsgBox "Clicked (" & Format$(ClickX) & ", " & _
Format$(ClickY) & ")"
End Sub