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The Earthport heebie-jeebies (EPO)     

Arf Dysg - 07 Sep 2004 09:25


I note Friday's RNS and AFX announcements from Earthport. Four observations:

1) The resignation happened on the same day as the trading statement.
2) He was chief operating officer and he resigned after less than four months in the job.
3) It took two weeks from the resignation until the announcement.
4) There is no polite acknowledgement like "Thank you for hard work and dedicated service..." etc.

Any of those individually would make me raise my eyebrows. Put those with the uncertainty surrounding the trading statement and even the most placid investor would blink and sit a little straighter in his chair, then run screaming around the room, red-eyed, foaming at the mouth, bouncing off the walls, like a headless chicken, going ARF! Arf! Arf! Arf! Bark! Bark! Bark!

Bzzzzoing! Time for bed, said Zebedee.

Arf Dysg

ssanebs - 10 Sep 2004 20:38 - 2 of 3

those points are all spot on. The coo leaving is the most alarming. I know one large investor is dumping stock on the rumour that EPO has run out of cash... or is this Baltimore spreading the rumour and if you noted the CFD position is nearly 25m shares, so the EPO story also matches. If EPO has run out of cash then the trading update was partly misleading...........but no point selling now....is there?

EWRobson - 12 Sep 2004 19:30 - 3 of 3

Arf Dysg

There is a well-established Earthport bb site. I have given my viewpoint there. There are positive indicators and I am pretty certain the share is oversold - or driven down by the mm's in response to minor sales with institutional shareholders staying put.

Eric
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