Ann: Notice of Annual General Meeting/Proxy Form, page-35

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crystalblue

267 Posts.

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19/10/17

13:00

Post #: 28029762
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Originally posted by anerky ↑

Fairly bearish, unfortunately.
I'd rather an update on progress before voting on remuneration increases. You don't get above normal increases without exceeding expectations.

It's been said, repeatedly on this forum, that they're not obliged to give quarterly updates, and that is 100% fine.
What sits unwell with me is that at last year's AGM the CEO stated there were to be no more quarterly updates. A performance update then popped up at the end of March!
Also, the CEO didn't mention the impending CR (obviously) but to me it seemed he confirmed the opposite was in fact the case. We know what transpired there.

So as I said, Bearish, due really to lack of any positive information. I would be happy to hear some good news though, related to earnings vs expenses, rather than the distant horizon of future revenue streams that may not come as good as the solid model they've grown on to date.

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Yes 100% agree!

---------
To the Nearmap CEO,

How come you are asking your shareholders to approve your Director's Options while there hasn't been any news of more progress ? With a based salary & bonus incentive that totals to 10 normal salary workers, at least give us some reason to approve this before next month's AGM.

Please release an update on how spectacular the US is growing ASAP.

Thank You.
---------

NEA Price at posting: 62.5¢ Sentiment: Buy Disclosure: Held
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Ann: Notice of Annual General Meeting/Proxy Form, page-35

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