Ann: Trading Halt, page-63

Shouldn't even be publicly listed.

In a previous post I quoted the CEO from the 2021 AGM about the billion dollar contracts closing in the next 2 quarters. Plenty of time has passed since then. I'm actually not surprised that EOS haven't been truthful to their shareholders. That's the nature in which they operate. It's called secrecy.

Sure, that's the industry that they're in. But EOS are a publicly listed company. They have an obligation to keep shareholders informed. They can do this by issuing announcements in the form of market updates, profit warnings, meetings such as AGM's etc etc.

But what EOS did, was they shut up shop. Only after the SP cratered by 26% did shareholders find out the truth regarding "delayed" contracts. Make no mistake, the word 'delay' is the sort of dialogue that they use where in actual fact, contracts may be 'deferred' indefinitely, canceled, or even lost to another bidder. It's happened to them before when they won and then lost the US defense contract on appeal by their competitor.

Regardless of the review outcome (if any), I think the fact remains that EOS haven't been transparent. They've been deceitful, they've shamelessly spoken...virtually promised billions of dollars of contracts in the risk adjusted pipeline and for EOS to go into a trading halt only to have the details of the trading halt published by the AFR is unspeakable.

I hope that the CEO gets a please explain. A statement to shareholders probably wouldn't go astray. But what's the point? Who'd believe him?

Good to great? Not this mob.