EOS is short by nearly every hedge fund in Australia, and they even say why they are. None of them think that EOS's business model is good. EOS had less contracts and less irons in the fire 18 months ago and the share price was over $10. Seems that the people that are running the company don't care about the share holders or share price because they are collecting millions in salary and probably got their shares when they were 15 Cents. Hedge funds don't make millions of dollars because they get things wrong. I guarantee if the board and all the directors were on a salary based on share price of EOS then we would have seen a change in the business model a year ago. Seems like EOS can have all the contracts coming into play but until they change something nobody wants to put their hard earned into the company.
EOS Price at posting:
$3.94 Sentiment: None Disclosure: Held
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