Ann: Trading Halt, page-106

It seems pretty clear that the old boys are not providing transparent communications to shareholders. That should cause everyone who cares enough to be on this site to sell. Or sunk cost bias is going to get you killed.

Spacelink is dead. The company is going to depend on government contracts that come piecemeal and don't actually generate long term growth, because the contracts are over once the items have been built. You get three years of assurance, but sit there sweating about the next three years. The technology EOS provides in the remote weapon system space has no moat and will easily be outcompeted by defence companies with more resources and more streams of revenue.

And we've already seen that the EOS board cannot be trusted with RnD.

EOS is now high risk and high uncertainty. That's a terrible combination for a stock picker. You're supposed to look for one or the other, not both.