EOS has been a leaky boat for a very long time and a stock which has been subject to pump and dump.
To those that are saying " this is cheap". Well, may very well be so, but it is for a reason.
I used to say the same thing when it dropped at my first buy in price of around $6.00 and it dropped some. At around 3 I doubled my holdings, and watched it sink like a lead balloon.
All you have to do is look at the past management decisions that lead us to where we have been. From reckless stupid spending to the bloated management structure, creative accounting, lack of control over debts, false promises. They took the money they had and spent it all on a failed venture. The child of Ben Greene. The arrogant head of the company who surrounded himself with those like him. The company has made the right steps into correcting the wrongs, but still has a long way to go. It was on a verge of going into administration, and still possibly can if a few wrong decisions are made. Millions of revenue mean sweet F all. It is what is banked at the end of the day that will decide the future of EOS.
For the record, I still hold some.
EOS Price at posting:
$1.67 Sentiment: None Disclosure: Held
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