Ann: FY17 Analyst Pack, page-104

Spookfish are purely a technology provider, they haven't achieved much in Australia because that's not their game. EagleView is the incumbent in the US, but has lacked camera tech.. now they're getting it.. I actually haven't figured out who to back, if anyone. But I think the idea that the subscription model is exclusive to NEA might be flawed.

What is for certain is that US growth is not a free option even at current prices. <40c it probably is so that's where the NEA's better de-risked. There's downside from here..