We had one director resign this week, Like you I'm ok with losing one or two directors, but from the latest announcement, I'm more concerned that they may have lost direction.
On the 24 Feb Ipernica announced that Nearmap was working on some large scale projects between $1-$20 million range, and I admit I was impressed, as this would seriously validate their investment in Nearmap technology; ok, call me fickle, but the proof of the pudding is in the eating, and as Blastoff mentioned in his recent post, $25K revenue isn't exactly convincing.
I am giving them the benefit of the doubt on Nearmap for a little longer, but am very disappointed they have terminated the SAR's proceedings.
Not sure what others will make of this latest decision but will be interested to read their posts.
IPR Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
