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Earthport: Ready to fly (EPO)     

jdubb - 04 Mar 2004 17:44

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!)

draw?epic=EPO

WOODIE - 19 Jul 2004 17:20 - 297 of 706

tim iam not a holder of this stock but been following on rader screen,what people should realise is you or any other tipster cant be 100% correct all the time. you should stand by your own buys at the end of the day,no one points a gun to make you purchase this or any other share.cheers woodie

Sharemess - 19 Jul 2004 17:46 - 298 of 706

Tim - am I able to copy your post and publish it on another bulletin board ?

Thought it courteous to ask before I do so.

ssanebs - 19 Jul 2004 18:10 - 299 of 706

had a call from RC regarding my post 311 and that i called him a bull......r
He obviously told me he is not and the reason he did not call back is that he has been very busy...but he did not say doing what. He sais it is not regulatory rules holding up the US deal, but due diligence. He emphatically denies saying the hong kong deal was going live july 1st to tim freeborn, but what about the post office deal? The hong kong deal started trials july 1st and will be live oct 1st. Again, as i posted earlier i said to him that i would rather him not make any comments and announce deals when they are ready and surprise the city. As a holder of 3m shares that is what i would prefer. Well at least we know he looks at the BB board

Sharemess - 19 Jul 2004 20:37 - 300 of 706

Oh well. Someone posted it anyway. It wasn't me.

Tradx - 19 Jul 2004 20:49 - 301 of 706

Sharemess,

My apologies! It was me; I didn't read your request to post it elsewhere, so also my apologies to Tim as well. As it was on a public bb and I did urge all there to register here :-) I didn't think it would hurt, in fact I thought it would clear up some of the more misinformed on 'that' thread.

I continue to track the company in the hope that an opportunity as leaked by the various press comments will present itself.
Once again, my apologies if I have acted rudely or discourteously.

jonny wilkinson - 19 Jul 2004 20:50 - 302 of 706

Re Post Office Deal

I suggest contact Post Office senior management who will be very happy to confirm if there is even a grain of truth in what Tim Freeborn has written. I'm very concerned Tim Freeborn appears to have purchased 1.2m shares having it seems been made an 'insider'since RC confirmed to him a deal was done with Post Office before the market has been told, if true a very serious offence and should be reported to FSA without delay.

Its interesting Tim mentions ' there should be little danger of financial difficulties before revenues build up'. Interesting comment when one considers June staff salaries paid friday 16 July ( as i understand should be paid 4th friday june )AS USUAL VERIFY THIS INFORMATION

Tim i suggest you do more thorough research on EPO before writing further articles which are potentially misleading.

Re Baltimore Threatened Litigation. I understand Baltimore Lawyers appointed to defend any such actions, make no mistake ,firm appointed will enjoy preserving their reputation as one of the leading law firms in the city, EPO will also have to find some money to lodge into court should they wish to proceed, watch this space !!!!!!!!!

apple - 19 Jul 2004 22:04 - 303 of 706

Tradx

you say you urged all there to register here!

I wish you hadn't!

Now we will get all those people calling each other names on here & clogging up all the threads with insults.

mikeowen - 19 Jul 2004 22:32 - 304 of 706

SSANEBS
Either you or Tim (or both) are continually being made a lug off. This was in Tims posting after shareholders meeting. I would tend to belief Tim would you?

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.

timfreeborn - 19 Jul 2004 22:51 - 305 of 706

To Johnny Wilkinson,
You include the weasel qualification 'potentially' in your posting where you accuse me of a criminal offence which carries a prison sentence. There are also laws of libel. They carry no prison sentence, just 'potentially' heavy damages.
I didn't buy any shares in this company until I published. And even then I made a point of not being an early purchaser precisely because this would have been to take advantage. And I then held my shares and watched them fall, along with other investors.
As for checking claims, it is very hard to pursue this sort of inquiry. Sometimes it's possible, sometimes not. Earthport is especially difficult in this respect because its product is invisible and often white label. I did check out the relationship with Betfair and the company gave Earthport a glowing endorsement. Fine, except Earthport itself said in May that take-up from the betting firms has been slow. That is why it decided to counter by launching the ensurepay product, a rival to Neteller, in the US.

Finally, and this quote has gnawed at me since January, Rob Cunningham said back then: 'We only believe 30% of what we tell ourselves.'
At the time I took this as a merry quip and, in any case, not a cause of concern provided he delivered 30%, or just 10%, of the deals he was chasing.
Time will tell, meantime go easy on the libels.
Tim Freeborn BA ACA

apple - 19 Jul 2004 23:22 - 306 of 706

Thanks for that Tim.

Sorry to see Johnny Wilkinson on here with that kind of attack.

BTW
What are your views on the relationships that EPO had with companies such as Gelande?



ssanebs - 20 Jul 2004 00:20 - 307 of 706

Johnny wilkinson
get your facts right before posting. TF tipped the stock and told investors the potential of EPO if it delivered. To accuse TF of writing misleading comments is rubbish, if anyone has mislead investors it is RC. But lets give him a bit longer to deliver.

mikeowen - 20 Jul 2004 08:21 - 308 of 706

Tim either you expose Mr Cunningham publicly for what he is now or risk your reputation and destroy your future as a financial tipster and the credibility of your employers at shares magazine. I bought on your tip but I just feel it was just a bunch of lies and you do not seem to notice that and continue to add to them. I'm not saying it is your fault but something has gone amiss somewhere.

ssanebs - 20 Jul 2004 09:15 - 309 of 706

I suggest you call 02079071100 and speak to RC and make your own conclusion. in my conversation he is adamant that he has not misinformed anyone, but to keep invstors updated he gave timings which have been missed.In the future he will not give anymore. I dont think he is lying and that is why i still hold my 3m shares, even though now i wish i had never bought them!

Tradx - 20 Jul 2004 09:29 - 310 of 706

apple,

Sorry, I didn't think about the negative aspects of that! Anyway, Tim has given a pretty robust response, which from a journalist is refreshing to read. Wont do it again...:-(

regards to all.

apple - 20 Jul 2004 09:53 - 311 of 706

oneill

You said, "Guys dont attack JW he has a right to put his point accross."

NO he DOESN'T have the right to make that kind of attack!

Especially when (as pointed out by Tim) he is protecting himself from libel action by the weasel word 'potentially' & this allows him to go ahead & say it anyway.

I was critical of the following words in the original article,

"Earthport heads for the sky
Earthport (EPO) offers a staggering opportunity"

BUT apart from that WE MUST ALL DO OUR OWN RESEARCH!

You can see Tims reply to me by clicking here

oneill you said, "1p hear we come." so we know where you stand on this share & I suppose you will be making as many negative comments as possible hoping to get there.

apple - 20 Jul 2004 09:59 - 312 of 706

Tradx

Never mind, too late now!

Oh well, it was bound to happen eventually, I just wish we had had more time before this thread started to degenerate.

apple - 20 Jul 2004 10:03 - 313 of 706

oneill you said, "1p hear we come."

That is how!

WOODIE - 20 Jul 2004 10:53 - 314 of 706

read my post 322 dont blame tim or others for a falling share price learn by your mistakes in the furture.

apple - 20 Jul 2004 15:46 - 315 of 706

TWO big trades just gone through, look like BUYs!

8,050,000 at 1.99p

8,050,000 at 2p

It may be time to BUY again.

If this is the bottom!

jonny wilkinson - 20 Jul 2004 15:57 - 316 of 706

Tim Freeborn

I understand you are privy to deals agreed, maybe not signed but certainly not yet announced to the market, surely you have been made an 'insider' as a result of this information if correct while you remain a shareholder, did you sign relevant confidentiality letter before you were made an insider. Do you understand rules when in receipt of price sensitive information. Is your editor fully aware and in agreement to the position you hold within EPO.Perhaps you will confirm why Cunninghams comments that ' we only believe 30% of what we tell ourselves' were not reported earlier , do you agree this was a serious oversight with the benefit of hindsight.
Surely if Shares Magazine are to remain a creditable publication in the market place then in future you should check with the company due to sign the contract ie Post Office Counters UK ( most know about Hong Kong Post Office deal already mentioned in an RNS dated 31 Mar 04 re Hong Kong based high volume payments services contract ) to verify information supplied by EPO is correct including contact name you have spoken with, surely that will provide more comfort to the readers, though i must add the market should be told first if any such deal is likely to affect share price.
I note comments from some other posters about doing your own research, with repect if everyone adopts that line then its most unlikely a publication such as Shares Magazine will cease to operate, readers must feel confident when an article is published that information is accurate.
I wish to make clear i've no reason to believe you've not acted in good faith at all times but remember the priveleged position you hold unlike ordinary retail investors who i should say have every reason to believe what you write.

I'm sure with benefit of hindsight it would have been better not to have purchased shares in EPO, that way you remain totally impartial.

I trust you understand frustration shared by many investors with this stock and will consider my comments carefully before issue any response which i'm sure most here would appreciate.

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