I think one has to give the current Board some credit.Despite...

I think one has to give the current Board some credit.

Despite Ord Minnet's rather hurriedly put together recommendation (or hatchet job) yesterday not one insto has sold any stock off the back of it. Nor has the Lowy family nor has Lawrence Friedman.

One insto did dump during and after the AGM but so far less than 2% of total shareholding has changed hands. Volumes have also dropped dramatically.

I think the shareholders over the next couple of months will be watching each other as to who will start buying first and then we will have a rapid escalation up to fair value.

If fair value is in the range of $1.00 to $1.50 for each dollar of military business and Eos hits the $200 M mark then the CROWS business alone would be worth $200 to $300 M.

And remember this, Northrup paid $22 M for 10% of the space business so it values the space business at $220 M without one cent of revenue .

That makes $420 to $520 M in 18 months (or so) or $8 to $10 per share.

Gentlemen, just take a look at the facts.

This week was just one big panic about nothing.

Regards Eos (No relation, but thinking very seriously about a name change)