Undercurrent of Management Failure, page-7

Re, ...even if it is in contravention of continuous disclosure


You mean like this !!

24 November 2016

Nearmap Ltd (ASX: NEA) – Response to ASX Letter

We refer to your letter dated 23 November 2016 and respond to the questions raised in your letter as
follows:
1. On Monday 21 November 2016 when ASX queried NEA was NEA in discussions regarding
a capital raising and, if so, at what stage were those discussions?
As at the time ASX queried NEA, NEA was evaluating options for funding. At that time, no final
decision (including by the NEA board) had been made to proceed with any capital raising.
While discussions regarding a potential capital raising had been undertaken internally,
discussions in respect of the following matters had not been finalised (meaning that any capital
raising (if one was to be undertaken) was insufficiently definite to warrant disclosure to ASX at the
time of ASX's query):

https://www.nearmap.com.au/hubfs/Pdf/NEA ASX Aware Letter.pdf?t=1508393152102

24 November 2016

Nearmap successfully completes $20 million capital raising

!! ??