eos profit downgrade smashed, page-4

Dear eos

Alas, I should have taken your offer when the share was 2.50.

I guess after todays debacle, you probably see management in a different light.

I dont want to oversimplify EOS problems, but in a nutshell, here are some observations:

* CROWS makes money and should be the number one priority of the company. The profit generated gets sucked into a black hole called the space business and telescopes.
* All R&D into the space business should be drastically cut back.
* The company must present a business case as to why they should remain in the telescope business. They continue to promote their market domination of this side of the business, yet I have not seen $1 of profit generated by this division.

With R&D and the telecope side cleaned out, you would see a profitable company and re-rated accordingly. Naturally, a broom needs to be taken to the current board.

Directors surely now have an opportunity to put some hard cash on the line and back this company via on-market trades. Im not going to hold my breath on that front.