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!)

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.

The shareholders meeting next week should be interesting, anyone from this board planning on going?

Baughfell


No idea how many may go, but i know you said you were going on the ADVFN board.
Ive left some questions on the EPO thread there for you(post116) CHEERS nice to see you here too.

Jd(rob67)

Some large buys this am, whats the crack? tia.

C04

Ummmm looks like just one person bought those few!! Maybe he's going to the open evening expecting some nice positive updates - hope so!

nice piccies jdubb.

B

Yep, got to amuse ourselves while we wait for our millions!!

oh yes!!!!! still waiting............

Hello JD/Rob, I'm still hoping to make it to the EPO meeting tomorrow evening work permitting - got to travel down from Leeds. I'll check out your questions on AD^FN. Some good buys at the end of the day. I dipped my toe in the water (yet again) at 2.7p today - just got a good feeling...

Bad feeling mate if you call this big buys:

17:22 2.5 250000 sale 2.5 3.25
16:56 2.88 225000 ? 2.5 3.25
16:56 2.88 375000 ? 2.5 3.25
16:55 2.88 600000 ? 2.5 3.25
16:27 2.62 20000 sale 2.5 3
16:15 2.52 1000 sale 2.5 3
15:56 2.7 8295 sale 2.5 3
15:47 2.52 3000 sale 2.5 3
14:59 2.52 7433 sale 2.5 3
14:49 2.7 10000 sale 2.5 3
14:09 2.7 25000 sale 2.5 3
13:24 2.7 13500 sale 2.5 3
12:30 2.7 40000 sale 2.5 3
12:23 2.75 17639 ? 2.5 3
12:14 2.75 104497 ? 2.5 3
10:50 2.52 30167 sale 2.5 3
10:48 2.75 20000 ? 2.5 3
09:39 2.52 29519 sale 2.5 3
09:31 2.87 125000 purchase 2.5 3
09:31 2.86 125000 purchase 2.5 3
08:48 2.75 75000 ? 2.5 3
08:31 2.52 35000 sale 2.5 3
08:02 2.75 1356 ? 2.5 3
08:01 2.75 871 ? 2.5 3

epo met its large shareholders today. and gave an update

mujagice, do you read posts or just tell us what we can already see for ourselves, mate?

Anything 2.7p or above yesterday was a buy

ssanebs. do you know what epo told its large shareholders?

Bos

Ssanebs made it clear that the company werent going to release any info except thru regulated sources in future! We all know that previous rumour-mongering was what caused alot of dissappointment at last results, let alone the fall in share price! Im sure we will be updated in due course. If you cant wait that long, several ADVFN EPO thread contributors are going to the Shareholders meeting tonite- so watch the BB's for feed back!!

interesting toon. feels like what goes on in my head when i am lying awake at night , time to buy or time to sell , no , buy , no, sell .........arghhhhhh!

before anyone complains about the standard of posts on this thread , let me just say this ... not a lot else is going on with epo at the moment so we are just amusing ourselves.

bosley , you say nothing is going on - but the shares still go down.
someone said tonights meeting will be on web cam - how do we veiw and hear it ?

A3

Yep i heard same on ADVFN thread but i have no idea who or where its broadcast from. Dont think ADVFN are covering it- maybe EPO'S own website??

There is no webcast.

I did attend the meeting, as you might expect.
The chairman did warn several times that the company had moved from a 'salvage risk' but was still a 'venture risk', not an 'equity risk.'
That caution did contrast pretty starkly with the message from Rob Cunningham and the rest of the team.
The finance director forecast positive cash flow in the third quarter.
This is later than expected because the company delayed the launching of 13 smaller contracts in order to upgrade capacity. A new version of the software, EP5, will be launched in Q3, which will raise capacity again.
The Chinese contract starts generating cash in July. Already over 800,000 cards have been issued. The Chinese government intends to roll them into southern China. They will include three biometric measures. Earthport is not guaranteed the payments contract in Guangdong but seems very likely to get it. The province has over 40m transient workers who the Chinese are having trouble taxing. ID cards are really tax cards.

In the UK, Earthport is still negotiating four 'blue chip' contracts. They are 95% there, Cunningham said. (We all know about that last 5%.)

In the next two weeks the company will announce the launch of ensurepay in the US, via a partner. This is its answer to Neteller which makes nearly all its money from its instant credit product.
The truth is, cash in and out for betting has been okay but not spectacular. The Neteller product offers something new: ie no delay, lose your money straightaway and pay 7% to Neteller while you do it.
If Neteller can, why not Ensurepay/Earthport?

In July there will be a broker note from Bridgewell, Cunningham said, presumably to coincide with the Hongkong launch.

A City marketing exercise will launch in September.

The US acquisition is held up by banking regulations.

Earthport has issued papers against Baltimore to recover the 5m it paid for a security system that never arrived.
It will sue Egg for 10m as soon as Prudential finds a buyer. The aim is to force the matter to a conclusion as part of Egg's sale.

Cunningham reiterated there will be no rights issues or further fundraisings, though he will use paper for the acquisition.
His relationship with Earthport has been regularised. He acts directly for the company rather than through his rescue/management vehicle.

That's all I recall of substance.