NEA 0.24% $2.08 nearmap ltd

Ann: H1 FY2018 Preliminary Results - Record Growth, page-33

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  1. 1,778 Posts.
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    In accumulation mode after the spike Mossie.
    If you followed NEA through its journey in OZ you will see how NEA stretched the money from the Stat Mux patent to create ipernica which had some good patents, & the creation of Nearmap without ever needing to raise funds. until 3D & USA.
    What I meant by not spending the CR money, we still have 20 million in the bank. & that 8 million was from years ago. Stat mux days that has just been spent.
    I bet you a jam sandwich most of the 8 million was for software expenses & most to do with the roll out of 3D & will be recouped before they need a CR. Newmans pay rise accounts for some of the 8 million spent also.
 
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