HEAR ME OUT BEFORE YOU ALL DUMP ON ME!
A couple of context comments...
1. My comments are from the perspective of "looking forward from today" and ignoring the pain we have all experienced in the last 2 years
2. There are significant risks in EOS going forward!!
But...
EOS' largest independent shareholder is it's major lender. I expect WHSP will now seek a couple of Board postions. I've seen this before. EOS is entering a phase of "managed administration" with WHSP firmly in control. EOS can breach a covenant or miss a payment, to WHSP, and the right to exercise EOS debt repayment obligations sits with WHSP AT IT'S ABSOLUTE DISCRETION!
Bear in mind that WHSP now knows "everything" about EOS; they have done a due diligence and likely had substantive discussions with stakeholders; Governments, customers (potential and prospective) and suitors.
From here, if WHS seeks to have it's loans repayed then the value of it's equity will evaporate!
This is now a game of poker where WHSP holds all the "picture cards"!
An Alternative View!
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Last
$1.45 |
Change
-0.020(1.36%) |
Mkt cap ! $279.7M | |||
| Open | High | Low | Value | Volume |
| $1.45 | $1.49 | $1.43 | $626.8K | 428.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16610 | $1.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.46 | 957 | 1 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.46 |
Change
-0.020 ( 0.05 %) |
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| Open | High | Low | Volume | ||
| $1.45 | $1.48 | $1.43 | 46259 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| EOS (ASX) Chart |