share price, page-178

Just on Nearmap and capital raises. I can't remember when but it was a couple of years ago, the Nearmap CEO came out and for some reason denied that they were going to do a capital raise after rumours were swirling around that they were. And then guess what happened the following week? Yep, they announced a capital raise. I remember because I held Nearmap shares at the time. Have since sold out unfortunately beacause look where they are now. Cash burn was an issue for them in those days as well. I believe that LiveTiles will head down a similar successful path. So my point is don't put to much credence in denials of future capital raises from CEO's or anyone else. Nearmap did it totally the wrong way but ultimately it paid off for them.