Why Nearmap is heavily shorted, page-8

I understand your point of view, aussted. Each investor will have their own preferences. Another reason I want excess cash flow used for expansion into other areas before NEA becomes profitable is that I strongly believe the share price will be higher as a result. Think about it: ANZ proven and profitable; NA cash flow positive, rapidly growing and clearly heading towards ANZ levels of profitability (but 10x bigger), and the business model is transferable to many other areas with internal funding from other operations. I think the opportunity is there now. As for timing, I think the other key is the successful roll-out of the HyperCamera 3 first.