On Friday EOS got hit by a short seller attack.
This report by Grizzly Research basically tanked the stock another almost 20% last Friday.
EOS proceeded to request for a halt in trading, stemming the free fall to close at AUD 6.
Mind you it hit a new high of $11.20 just a few weeks ago.
So in my mind clearly Grizzly Research has been actively shorting the stock and then releasing this opportunistic report hoping to tank the stock further.
I can only hope that EOS issues a confident and professional rebuttal. With CEO Andreas Schwer at the helm, I can only hope for the best.
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