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$2.08 nearmap ltd

Ann: Change of Director's Interest Notice, page-16

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birdman29

13,761 Posts.

74

07/03/19

12:29

Post #: 37684326
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Originally posted by Fatman8: ↑

Another one that sold during QPX days was Packers CPH consolidated press, 52 million shares if I remember correctly. Causing share price to drop 56% in a day from 50's to 25ish, this is when I got trapped in QPSX. Goes to show patients is a good thing if you back the likes of Uncle Rossco and Graham Griffins.
I remember Ross selling 5 million worth of shares to buy out I think spookfish mob or to pay for court if needed when nearmap was protecting their IP.
I got a dodgy memory so might not be correct. But if a book is to be written on an Australian business it will be Nearmap. Call it against the odds.
While Nearmap are getting close to breakeven would love to see them have another crack at getting SAR and stat mux patent through this time in California court system.

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I think Packer got 11Mil Shares at 25 Cents when QPSX was floated / IPO ... and He sold juuuuuust before the bad news from Germany at around 50 Cents...

Back to 2003 .... When I was still young

How things have changed !!

Packer's QPSX
September 11, 2003

The Kerry Packer-backed technology investment group QPSX Ltd has reported a net loss for 2002/03 of $1.77 million...

https://www.smh.com.au/national/packers-qpsx-posts-1-8m-loss-20030911-gdhdgu.html

NEA Price at posting: $2.83 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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