Ann: Institutional placement investor presentation, page-42

With Eagleview / Vista Clearview buying 50% stake in Vista Eagleviews placing more orders for 3rd batch of Cameras Nearmap need to pull out all stops to keep being a disruptive influence & maintain a competitive edge to compete with their deep pockets. No doubt with this raise we would be adding more cameras as well. I'm glad Nearmap management waited till now, less dilution than months ago and decent MC leading up to ASX300 great time to get sticky hands onboard who follow this index. One thing that I liked about Nearmap is they did not burn through money fast, and over the years lots of options were never in the money. With these extra shares coming into play now how does this effect ASX200 ???? if price holds up is there a rule of how much cash is needed to make this benchmark???
Glad to read they are planning a new product to go with 3D this is what has fundies salivating!!!!!
Probably has a few teir 1 companies salvitating as well.
Especially like the part in announcement where it said partnership. Apple or Facebook would do nicely. But seeing as Microsoft are heavily invested in cloud computing that would be a good fit. Google "Just dreaming"
At the end of the day think this raise is well timed. Also it puts the wind up Spookfish and Eagleview if their deal falls through they will need a CR before to long. Can see why people are saying about waiting for profit before expanding,was in your shoes before they went to USA.
Fast forward 5 years to now and think going into USA when they did is a master stroke when you consider what stage Spoofish and Eagleview are at. Was worth the 5 year wait to nearly break even in USA. In a few years hopefully will be saying the same thing again.
Sure this will repeat until Nearmap are well and truely a global company.