NEA 0.00% $2.10 nearmap ltd

patent, page-15

  1. 10,437 Posts.
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    Imo, any investor thinking of investing into WSR based on its current option to buy into Spookfish will also have the option of investing in Nearmap which is already up and running and more liquid as a stock. Why would anyone buy into WSR on such a possible promise which gives Spookfish 5 years to produce a cumulative revenue starting at $20 Million rising to $36 Million but no mention of profitability from that cumulative revenue target and also ties them up for such long 5 year period no matter how good their business model looks or eventually might be when they licence their patents ? So end result might be a company with lots of both Revenue and millions of shares without showing any profits. So who exactly is going stump up the actual cash to help Spookfish on its way over 5 years when it will be diluted with another 200 million shares. What are chances any of current Nearmap top 20 shareholders selling Nearmap to try getting the implied 2000% to be got out of WSR with a well developed Spookfish I wonder ? Love to read what Motley Fool with all their research facilities & expertise might think. Will it be one of their secret under the radar tech stocks of the future?
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