"EOS have forecasted "significant" cash receipts in April, May...

"EOS have forecasted "significant" cash receipts in April, May and June 23"

Hi Doc, hope you're well.

With regards to your comment above, I think that it needs to be put into context in relation to the entirety of what was noted within the Annual Report.

Yes it's true, that EOS are "forecasting" significant cash receipts. But to get the cash, you need to bill the customer. Maybe EOS have done that since the Annual Report was released? But let's look at your quote in its entirety as documented in the A.R:

"The group is heavily reliant on cash collections from a single customer in the Middle East. The receipt
of cash from this and other customers depends on customers making timely payments for the goods
supplied in accordance with contractual terms, the continued realisation of the group’s contract
asset, and on the agreement of contract variations from time to time as required. In particular, the
group has significant forecast Cash Receipts in April, May and June 2023."

Followed with:

"If adequate cash is not received, including in April, May and June 2023, the group may breach
borrowing covenants and/or may not have sufficient liquidity and funds to continue operations. In
addition, it may be required to renegotiate with lenders and other finance providers and to complete
further debt or equity raisings. There is no assurance that the group will be successful in any
potential future recapitalisation and/or refinancing should this be required. If the group is unable
to receive adequate cash receipts from customers, or to obtain additional funding as required, it
may have a material adverse effect on the group’s ability to continue operating and its ability to
continue as a going concern."

In the name of transparency and full disclosure, I thought that it may be appropriate to expand upon your line grab.

It appears as though the market is sending EOS back to the kennel. Survival seems to be based on two aspects
1.) The middle east handing out cash (they're still awaiting the invoice apparently).
2.) The IFV program.

Can you believe that Ben Greene's remuneration went from $703k in 2021 ($884k including benefits) to $787k ($1.5m including benefits) in 2022. Equally astonishing was the remuneration being doled out to Neil Carter...a lazy $615k all inclusive of share plan and super.

And shareholders wonder why the company is at the point where it is now? Time to throw some mud at the AGM and see where it sticks? But hey, how many EOS Shareholders had the guts to ask questions at the company's FY22 results presentation? NOT ONE! That's how many.