Note the author of this piece is SHORT EROS: This is a follow up to our original story published last September in which we cautioned investors about Eros International stock. The stock is down approximately 20% since then and we believe it will continue going down.
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As our previous story indicated, many shorts had felt the stock of Eros International ($EROS) was overvalued and that the company might need to raise capital. On the other hand, some bulls we spoke with inferred from management’s comments that no capital raise was imminent.
On November 22, 2017 Eros issued its quarterly earnings release which included the following quote (italics added for emphasis):
“With over...
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