Ann: Letter from the Chairman of Nearmap, page-4

Yes a very disappointing end for an investment which was gaining commercial traction with expansion. A long journey for me. Surely the existing business would not have been hurt by the whole covid and economic events. Yes the economic covid balance sheet focus would have impacted NEA, but that is a timing factor, which I would have thought the business would have just rode out. Oh well I sold out on the announcement for an ordinary profit, far less than what I felt the company was worth. It will be interesting to finally hear from the directors why they feel $2.10 was in best interests of shareholders.
Do they get jobs in the new venture?
GLTA