A couple of quotes from the chair / strategic review:
"Firstly, the increasing likelihood of potential consolidation among North American industry players, through mergers, acquisitions or strategic lliances, that could increase competitive pressures. This could be among the three other nationwide imagery competitors in North America, albeit, those without Nearmap’s coverage, frequency, resolution and related location analytics capabilities, as well as a number of location analytics and artificial intelligence businesses serving key industry verticals"
So we are the market leader?
"Secondly, the heightened volatility and a recent decline in Nearmap’s share price, due to broader economic and general market developments, as well as certain Nearmap-specific developments. This includes the commencement of litigation by EagleView Technologies, Inc. and Pictometry International Corp against Nearmap."
So, selling at the bottom of the market, as well as ignoring the upside risk that litigation is found in favour and / or non-material settlement.
