News: nearmap mapping out expansion plans , page-11

Hi Walden,

As mentioned in that video, Nearmap have not marketed their product yet, they have relied on word of mouth but mainly the fact that their product was free for some time and had from memory either 400,000 or 600,000 registered users, which is a lot.

This is sort of a trojan horse marketing method, where the product finds it's way into normal process at many businesses as a free service, becomes a necessary tool and then the service is made subscription only.

I was suspicious of your posts because believe it or not, people are paid or rewarded for making biased posts on stockforums to try and move share prices up or down, mainly down by spreading fear, uncertainty and doubt, false rumours etc. As you can imagine, many posters on this forum would despise this sort of parasitic behaviour, hence my suspicion and questions.

You are right to be wary of any investment, and I do agree with you that there is some bad karma associated with this company if the reports on glassdoor still reflect the culture at the company.

I agree with your words "even the grandest castles will fall if build on sand."

I myself have been making more posts and more bullish posts since I bought back in recently, which means I am biased but also means I'm following it closer.

I figure because it has previously run to 68c, and since then it's customer numbers and revenues are likely higher, and there is now an announcement out that some real work is being done to expand to OS markets, then a buy in the 40c range is not too bad.

You do have to remember however this class of equity is medium risk (IMO) and the shareprice will be a lot more volatile than Telstra or banks etc.

You also have to remember that traders and fund managers like to square away their books before end of FY next month, which can result in tax loss selling and profit taking. Maybe that will make the SP more volatile over the next 40 days or so.

You could see bigger than average action in the price, and larger average volume around 1 million shares a day, when Wilsons and Paradice were adjusting their holdings of shares.

Being a relatively small cap and less liquid stock, you will be subject to this type of price movement, which could literally come down to one dood in there at Wilsons, setting a profit target a few months back in a meeting room with some fund managers, to take some profit ot before the EOFY. Wilsons were active buyers at around 16c from memory, so booking a 200% profit is not a bad outcome for them and their clients.

I could not work out how many or what percentage Wilsons sold of their holdings from the notices, can anyone enlighten me on this? There was some mention on about 9.7 million shares, which is about 2.8% of 337 million on issue. To be a substantial holder they need more than 5% so possibly they sold out up to half their holdings.