The only reason i can see not to sell this stock is there are simply not enough buyers unless one is prepared to take a huge loss; offloading even my humble portfolio would see the SP fall below 5 cents.
On the other hand Bacci might be right, maybe the assertion business will save our butts. But that has been more than disappointing lately with settlements falling far short of predictions.
I was once a Nearmap believer, but I'll admit so far there has been more hype than substance. I can recall Nearmap was spruiked as having the potential to map the australian broadband landscape, map the murray darling basin, link up with sensis, map 700 cities across the globe, and become a successful media identity, but so far we have a few local councils, a couple of government organisations and possibly a few mining companies utilising and paying for Nearmap services and the occasional press pic which we can assume is regarded as free publicity.
Now the last thing I need to hear from other posters right now is "if you are so disenchanted with the stock , sell it". Like I mentioned earlier you wouldn't thank me if I did, unless of course it triggered your sub five cent buy orders.
Listen GG & Co there are quite a few long suffering and patient share holders out there surely if you have even a hint of positive news release it. A timely update of even another local government contract would be something; an update of the sensis negotiations (assuming they are still on the table) would help raise the flag a little. At the moment it is flying as low as the SP.
IPR Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held