YTD down 65%. What I find alarming is the fact that EOS has plunged 21% over the last 5 trading days. You'd think that with the IFV contract announcement so close that everyone would be jumping onto this?
The market is telling us that EOS is dead. We're just awaiting the burial now. EOS have bitten off more than they can chew. Even with a contract "announcement" - how long before any cash flow? Recognising revenue before it's hit your bank account won't pay the bills. This practice has come back to bite them and Dr. Ben Greene is solely responsible for this practice. Just like the "pipeline" that never existed.
The market is all over this. The only bail out is from SOL. It was meek and it appears that no one else is interested in risking putting capital into EOS. The departures and instability within the company paint a sad picture.
The best thing that could happen to EOS is for it to be delisted as a publicly listed company and then re-instated as a Government agency, like it used to be. At least they'd have unlimited funding and the many CEO's (where the hell are they?) and directors could live comfortably in the knowledge that they can keep their snouts in the trough till retirement.
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