Ann: Nearmap Board unanimously recommends Thoma Bravo's offer, page-152

I do believe the NEA management team believe they are entitled and God's gift to business. They blame poor SP performance on SHs. NEA management failed to acquire support from any large and stable holders due to being untrustworthy with capital raises + completely over raising when non-dilutive funding would've been in the best interest of long term SHs. This poor communication will not translate well when a large PE firm will come in and cut staff numbers to reach profit sooner.