"Meanwhile, the former chairman is selling shares. Although we...

"Meanwhile, the former chairman is selling shares. Although we sympathize with Ross Nor-gard’s desire to monetize some gains after serving as a director of Nearmap since 1987 and chairman of the board until 2016, his aggressive share sales bring into question the company’s promise of fast growth. Norgard has sold half of his shareholding over the last 12 months, net-ting more than $40 mln. His ownership in the company fell from 10.75% at the end of 2019 to4.79% this month. We believe he lacks faith in the current strategy of the company"

Nearmap has existed since 1987?

The report reads like a heap of shit.