"management just have no idea how to actually carry on this type of company" – I think you need to unpack this statement for us a bit more.
When I invested in EOS there were two major divisions:
- A profitable commercial defence division producing cash
- A space research division consuming the cash produced by the first division
Since that time the company has developed a critically important strategic product – ground/space laser communications using adaptive optics – and have folded that product into a new commercial venture of global scale extending from ground level to MEO. They have acquired a massive slab of the ground/space RF communications spectrum, an established profitable ground/space RF communications business with a range of successful products, and all without having to continually tap the market (i.e. you) for insane levels of funding!
I don't like what the share price is doing at the moment, but I think it's a mistake to confuse how management is running the company with how management is running the share price. They're different things.
I tend to agree with @van der Meijde that the share price is near its lows, and averaged up with a moderate parcel at $3.33 a couple of days ago.
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3 | 7461 | 1.530 |
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3 | 18034 | 1.465 |
Price($) | Vol. | No. |
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1.585 | 5671 | 1 |
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