Maybe you have summed up what is actually going on at EOS....

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HeightsBoy

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08/06/22

09:56

Post #: 61885449
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Originally posted by Nottinghamforestrule: ↑

Apologies, wrote the above on my mobile and noticed some errors. I have adjusted below:

Fair comments from my limited knowledge.

We invested early in EOS and the narrative has always been the same... huge opportunity and big contracts alluded to but, very little from there on in.

My concern is the same as with any business that has "technology". The moment it's created it's aging and competition will catch up....either by developing themselves or outright acquisition. This leads me onto the topic of acquisition. If EOS is so hot then why has no prime defence contractor gone after them?

Last but by no means least, what is going one with the salaries? This kind of expense Vs revenue is borderline Ponzi Scheme level! I am happy to pay bonuses when we are making serious coin but, at this stage it's diluting the asset side of the balance sheet.

I know I said last, but, ....one more thing.. the lack of communication is a huge problem. I did think it was down to the sensitivity of being in defence but that hasn't stopped Boeing banging on about their new drone as an example. The way EOS DON'T communicate leads me to think they consider themselves to be some kind of secretive "Skunk Works" facility. Leading the way in developing top secret and highly advanced defence products that every country will want to buy - see, it's yet again another smoke and mirrors trick (referred to as BS in other circles).

Its really time to start producing contracts and MATERIAL announcements....I find the lack of PR to shareholder and thearket in general to be incredible, especially as they added that role in the new salary list some time back!

It may be a good idea to write a list of questions that we require responses to in order to pass some of the proposals at the AGM. I am sure they would be more forthcoming on information if it's directly tied to bonus payment or salary increases!!

Sorry for the tirade...I am just a bit tired of wishing all the best for EOS and getting nothing back in return ...quite literally!!

Thanks to anyone who made it this far on my post

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Maybe you have summed up what is actually going on at EOS. Nothing! A bunch of ex-military types drawing big salaries and going to trade shows, flying business class, with nothin to show for it. My fear is that key people at EOS simply lack commercial skills to close deals and get contracts signed. These skills are not cultivated much in the military as much they are in the commercial world.

Maybe their tech is rubbish, which explains why no one has bought their gear or bought EOS. We may be on the eve of WW3 and these guys could sell a pocket knife if their life depended on it!!

What a HUGE disappointment.

EOS Price at posting: $1.76 Sentiment: Sell Disclosure: Held
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