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"!
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Last
$1.26 |
Change
-0.050(3.82%) |
Mkt cap ! $243.1M |
Open | High | Low | Value | Volume |
$1.34 | $1.35 | $1.26 | $358.3K | 278.1K |
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5 | 18798 | 1.250 |
3 | 17987 | 1.240 |
3 | 6850 | 1.235 |
1 | 5000 | 1.225 |
Price($) | Vol. | No. |
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1.270 | 1036 | 1 |
1.280 | 3206 | 1 |
1.285 | 3206 | 1 |
1.295 | 3100 | 1 |
1.335 | 2353 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.26 |
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 14/06/2024 ? |
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