Ann: AGM Presentation and 2021 Financial Guidance, page-63

Well I have to totally agree with your comment. I sat down this morning and re-read the presentation. How can a company state that they will be demonstrating a product later this year and expect a contract win?

Their comments related to space and the reference to winning minor contracts is like a black hole. What were the value of these contracts? The company is continually commenting on total addressable markets and use a graph in their presentation showing the lack of international air flights. You only have to go back and look at past presentations to understand the ongoing rhetoric. Announcing collaborations is just a pump up. EOS are burning through cash and from what I read, the company has about 100m of inventory sitting at a location awaiting acceptance. Everything else is pure speculation. You're so right about the way the presentation reads. If you take away the assumed growth rates and actually delve into every statement within the presentation, blind freddy should be able to see that something is not right. It's space link or bust for this company, or maybe even both.

I will no longer torture people with my comments. I'm done and I know that yourself and others will be happy with that.

But I'd like to say that I firmly still believe that there is something seriously dysfunctional about the management team. I've always maintained that smart people aren't necessarily good managers or good Directors. Maybe I'll come back in a couple of years and check the comments. My bet is that it will be the same old story. Continual cash burn but at least there's a total addressable market. Go back and listen to the questions asked during the Q&A of the FY 2020 presentation and really listen to responses. Red flags everywhere.

I truly wish the best for the loyal longer term holders.