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$2.10 nearmap ltd

Litigation funding is a red herring. NEA has significant cash...

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austted

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21/11/22

13:32

Post #: 64894162
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Originally posted by bigblackbear: ↑

IMO there will be no problem TB getting the minimum 75% of shares voting in favour (will prob be 97%+) but might struggle to get 50%(+1) of shareholders voting in favour....but I suspect going on SP action I think you will see that 70%+ shareholders will vote for.... given the risks of holding over the next few years with NEA not likely to turn a profit and therefore CR at sub $1.50 price, with litigation funding needed.
Look back at recent SOA of ASX:RAP it will be identical.

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Litigation funding is a red herring. NEA has significant cash reserves and the patent legal case is unlikely to have a significant impact.

NEA Price at posting: $2.04 Sentiment: Buy Disclosure: Held
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0 Great analysis

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