The Last Time ..., page-7

How long have you actually been following this company for?

I take your point and understand your metrics. Both examples that you use make healthy profits right? Does EOS? No they don't.

Regardless, EOS has $59m in the bank. Total debt of $65m.

They have a one year term working capital facility of $35m at an interest rate of 9%.

Interest paid for the quarter was $2.25m. Their total financing facility available is $102m of which they have drawn $98.7m

They revised their spending on Spacelink form something like USD$750m to USD$240m. They have a "Letter of Support" from the EFA for a total of USD$80m with one of the CONDITIONAL CRITERIA set out as follows;

• SATISFACTORY ONGOING FINANCIAL AND TRADING PERFORMANCE FOR EOS

With regards to the above statement, the letter of support was released as an announcement on March 29, 2022. Since the release of the announcement, the EOS share price has capitulated by over 50%!!

Remuneration for Directors and Executives for 2021 equalled 5 million dollars (not including share allocations).

It's pretty obvious why Spacelink was downsized. Do your metrics show continued cash burn and the fact that if they don't win a contract soon, they'll go broke! The Hanwha contract will be worth $125m over an 8 year period - IF they win it and IF it doesn't get reduced or deferred.

And for all those stats, their current market cap $214m. That's it. 214 million. The stats wont tell you that they're having a hard time getting funding because they CARRY TOO MUCH RISK. So if you expect other companies to invest in their ideology, then maybe you should follow suit.

No point telling me what you think EOS is valued at. Take it up with the market.

Thank you.