The loss making Nearmap business is chewing up money so they have given up hundreds of millions that take a while to emerge through the courts, to ensure the 'tacked on' business does not make them insolvent first.....
I'd bury this capitulation too.... if I was stupid enough to give up my original business in the first place.
The cart is now squarely in front of the horse. We are giving up profitable legal business we are experts in for a loss making 'pretty pictures' business we are chumps at!
Happy to shown to be wrong but so far for Nearmap its millions out and 25g in....
Blastoff
IPR Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
