Ann: Trading Halt, page-113

What sort of research did the author of that article undertake?

Firstly, ASB might've dropped by 9% in the month of June, as has the XJO Index which also fell by the same margin (9.31%) Codan has suffered the same fate which many other companies have. But Codan aren't exactly just a defence company. Droneshield is still basically a penny dreadful stock and sits just below it's 2017 share price of 23 cents.

To even mention Strategic Elements as some sort of defence outfit is laughable. They are a venture capital business who have NO REVENUE AND MAKE NO MONEY. Meanwhile, they have Directors who sell out when the opportunity presents. On that note, they already receive their share of continued Government funding via their classification as a Pooled Development Fund. So is the author suggesting we just throw more money at companies like that so the Directors can sell out and live happily ever after?

ASB have always had lumpy revenues. Just like EOS, it goes with the territory when you're exposed in dealing with "potential" Government contracts. ASB has always traded in the range of $1 - $4 over the past decade.

But what about this statement by the author;

"(EOS)The company’s core business manufacturing remote weapons stations is profitable, an area where it is busy working on RWS contracts for armoured vehicles worth as much as $450 million.....
"EOS has lost money over the past two years – the result of heavy investment in the business as it expanded into space and communications sectors, and of Covid disruptions to its mainly international supply chains. The company now faces heavy demands for capital, forcing a strategy review."

Sounds like the article was actually written by Ben Greene himself coming out with the same pathetic excuses. If RWS is profitable, then maybe they should've showed some business acumen and persisted with a winning strategy instead of sending the company to the verge of Bankruptcy with a venture that wasn't adequately planned for and adequately costed.

Jeez...cry me a river!