Some good news at last from this weeks Shares mag. Tim Freeborn revisits the company and altho no firm details are given about new deals he says they will be announced this quarter. I would think that this could be at the same time as the interim results are announced. I for one will be holding on cos they will fly sooner rather than later! ( 8.30% up today!)

Highride

You sounded like a De-Ramper not a Ramper.

There was no change since Monday.

Apple, check out the site for youself. The chart shows clearly the drop between 9.30 & 12.15. Close of business has levelled to 0%.

Highride

What a waste of time, the reality is that they haven't changed.

A broker quote is the reality, it is the price they will give for a real transaction.

Motley Fool is just a Website not a broker so don't believe it.

Get yourself a quote from a broker & tell Motley Fool that they are wrong.

Sounds to me that the prices being shown on Motley Fool were merely the price of the last trade at that time, hence the fluctuation at different times when Highride was checking. Once the market has closed the mid price is shown instead.

Well, sceptical or not, once again Motley Fool as of 12.30 is showing a 12.70% drop. It could be as Matthewwm says, though I thought charts were meant to be based on the mid-price, probably official mid rather than actual.
Comments welcome as I would like to get to the bottom of this.

Highride.

patience..........................

Can you tell us what caused the delay ss ?

I think ssanebs knows something and, like Tim Freeborn, is now also sworn to secrecy.
Come ssanebs, at least a hint. You're not as 'vocal' as you used to be! Hmmmm.

No need to pressure him for details but an idea of when the announcements will come would be nice.

Or is ssanebs quitely liquidating his sizeable position before breaking the news to the rest of us?

Look there are two scenarios IMHO. Either we wait until we hear the news in due course. There's no reason to suggest that the next deal or the one after that will be enough to send the shares skyward. Even Shares magazine has highlighted that this share is highly speculative. So yes we do need patience. Otherwise as with all shares if you are not comfortable you should reduce your position.

Secondly, and more importantly, if you want news from the horses mouth, ssanebs is not the only one with access to the Directors. Why doesn't someone else ring them up and ask them about this so-called soon deal? Hell, why don't I? (because I have a comfortable position and I'm in for the longer haul). So why don't others quit moaning and find out for themselves...

PS. This is meant to be a nice informative post, not rude or a whinge :-)

no, i do not know the date of the announcement. EPO will not give timings on news anymore, they will just announce them. and that is the way it should be and it makes the company look better. Yes, i was told that some issues needed resolving, which have been done but he refused to give any dates for rns, now or in the future.

Thanks ssanebs

SS

I agree whole heartedly with these sentiments! For too long now EPO have let slip that news is about to be released, only for it to be delayed! This is a much better, more professional way to go about things, even if it does mean we all get a little more frustrated in the short term. IMHO the price will respond more favourably when news is just released, rather than the price go up in anticipation and fall when it isnt released on "time".

Having said that im abit peed off that news of this "imminent" US deal hasnt been passed on yet. US maybe the right word!!!

dont worry. seen this a few times now . price drops , then all of a sudden theres news or big movements upwards. caught me out on a few shares. sold out and then missed the rise.

Bosley/Oneill

I agree with both your points. Im currently adding to my large holding, cos i think we wont see these sort of prices again when the news starts to flow! IMHO newsflow was always going to be pitched to later half of this year. Im not sure that this years final results to end of June will be all that people think because all the deals(Hong Kong one especially) will start to add income in next years accounts- thats when the fun will really start.

not really the announcement we were all hoping for but people seem to like it as theres a small rise today.

The Board of earthport plc, the electronic payment services company, has
appointed Russell John Clarke, 46, Chief Operating Officer, as a Director with
immediate effect.



As a consequence of this appointment, Paul Townsend, who has served as a
Director since July 2003, will be stepping down from the Board. The Board would
like to express its sincere appreciation and thanks for the contribution Paul
has made during his tenure as a Director. Paul will continue with the Company
as a member of the Executive Management Team, interfacing with Clients and new
business projects.



earthport plc has recently completed an internal reorganisation to restructure
Client delivery and operational focus culminating in the bringing together of
all operational and development teams in our new office in New Street, EC2.
Russell Clarke now has responsibility for all operational teams including IT,
banking and customer service. Stefan Burkwood, ex Deutsche Bank, has assumed
responsibility for maintaining and developing the banking network

Who is Russell Clarke?

Where was he working before?

What is his track record?

Please post a message & tell us if you know.

glenelg,

as great as the product maybe the reason that any sensible investor is bailing is the numbers, they are burning money at an alarming rate, it's somewhere between 375 to 450K per month.

Any prospect of achieving a full year revenue of over 4 million has well and truely been killed, this could well be the reason that they have changed brokers (it was the house brokers note before wasn't it?).

It must then again bring into doubt the management's credibility, and especially the information they passed to a certain journalist.

Based on the last fundraising this means that once again they only have money for around 4-6 months, so it is obviously that another incredible round of share issuing will have to take place. Even a 10 fold increase in revenues in the 2 half of the year will rescue them from the cash burn.

The other issue which is easy to now project forward is the revenue they need to achieve profitability, and to me this looks like 20 to 25 million, and at their current rate of growth that will take them how long?

Food, agree on some points but not others. No doubt the management has been very foolish and has now possibly learnt its lesson not to leak news unless they are sure it is going to happen. Also agree that the deals promised haven't happened, I give them another 3 months and then this company is going to the walls if nothing is signed. However, if they do sign a load of licenses with the big names, the SP will go up significantly and make it easier for them to raise the money. Remeber that for small firms the whole point of being floated is to raise money to grow, don't loose sight of that. I think there may be good news out soon though, the MM's seem to know something we don't by their behaviour today, and epo need it more than most!

one of the most common themes running through this thread has been the credibility of the management. a lot of question marks have been put against them . i think they now have to show us that they can deliver on promises.