The above is just a quick few points of the article since it's behind a paywall and not my direct opinion.
I still think Ben's approach to managing the UAE contract during COVID-19 was a forward-thinking move. However, when it comes to financials what Ben claims and what the balance sheet / income statement indicates as well as events often don't match especially of late.
The facts are EOS remains a very high risk stock even at below $4 and IMO still could go either way. It's all dependent on EOS ability to actually win a profitable contract. While I still think EOS will be able to at least secure enough business to meet my personal (adjusted) expectations over the current FY, I have my doubts anyone who bought at $5 and above will see green for a long time yet.
EOS Price at posting:
$3.71 Sentiment: Hold Disclosure: Held
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