Mr Din, I think the assertion business is worth about 5c.
However as time goes on I am increasingly concerned that the board seems to be in denial and may ride this company into the ground rather than pull out of the dive.
It is concerning that they are hiring more staff while not announcing significant sales and the shareprice is falling.
The greater number of staff increase the burn rate and the steepness of the dive.
For the company to be worth 5c in my view either Nearmap turns cashflow positive or the board stop the increased expenditure on it.
bacci
IPR Price at posting:
7.3¢ Sentiment: Hold Disclosure: Held
