Personally I sold when it was around $3.00 still lost a small amount. I sold because I could not see how a company this size could land Spacelink with little or no resources. It was and in my opinion still is way too big for most companies to take on. It looked like a lotto type of risk and I don't gamble.
Then it just seemed to go from bad to worse in that the chances of them landing a deal seemed to get pushed out and cash flows looked negative forever.
I think that this appealed to the people with gambling like resources.
I think you may find it gets cleaned up and can deliver a reasonable outcome. SOL - very conservative so CFO - New . Cash retention. Old banker out. More focus less staff - target profitable areas.
All of this appeals to me. However its huge gamble is done I suspect.
Only hold through SOL BKW these days
EOS Price at posting:
48.0¢ Sentiment: None Disclosure: Not Held
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