The cash was raised nearly a year ago.
From what I remember from the last announcement we still had 28 million in the bank.
The new map browsers would have eaten away at money in the bank but now this is bedded down and 3D capture up & running, its fair to assume that the return on this 8 million will be substantial in the long term.
90% return on 2D. It will be great to know exactly what 3D brings to the bottom line.
NEA Price at posting:
70.5¢ Sentiment: Buy Disclosure: Held