The market always seems to like it until someone actually reads between the lines and realises that it's the same old story. If you want to do a case study, go back over the past 2 years and check the share price action either from the day of the announcement until close of trading on the day of the announcement(s) or the following day post announcement(s) until the close of trading.
No contract. No Cash. But it's good that since the Strategic review, EOS have created two new positions to help mitigate cash burn. The appointment of an Inaugural CIO and newly created position "Head of Innovation".
So yeah nah. The market didn't like it. The only ones who liked it are the speculators who see a headline and go all in because it must be good right?
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