This is an extract from Nearmap's previous CR 23/11/2016
"The funds raised by the Company under the Placement will be used to expand Nearmap's sales and marketing capability and its capture program, to develop HyperCamera2 units for oblique imagery capture, to provide additional working capital and to pay the costs associated with undertaking the Placement."
The company used the funds to help them to expand their foothold in Aus and America, and develop the 3D technology which is currently driving sales of their platform today.
If the funds from today's CR are used as successfully to grow the company as the last CR then all I can say is BRING IT ON.
NEA Price at posting:
$1.80 Sentiment: Buy Disclosure: Held
