"market doesn't think Spacelink will happen at all" - That is my take, the market assumption is that EOS is all talk. Further, the short "bet" is that spacelink fails to get customers/funding, they are also betting that previously recognised revenue (on other contracts) will need to be reversed (i.e. more downside to be had). To me every excuse/reason management has offered, be it their revenue recognition criteria or their contract bids, is plausible. So, unless management is intentionally dishonest, which I don't think they are as the consequences are not worth it in my opinion, then time will prove the business strategy and the shorts will get burnt. If I am wrong, I have other holdings...
All IMO, please DYOR and GLTAH
EOS Price at posting:
$3.39 Sentiment: None Disclosure: Held
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