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!)

HELP!

it says.........if we have some good news flow then we are in for an upturn and if not we will bottom out somewhere close to the current price......just my thoughts. I see no real reason for the drop in price apart from nervous investors jumping ship.........the problem with EPO is all the unknowns......1)legal action - how much will it cost. 2) Revenues from recent contract wins - ie. wanadoo and Hong Kong. Nothing has really changed in the last 2 months has it.........

no..........I didn't post the chart.

Shouldn't '... south for the winter' be added to the thread title?

********* FAO TIM FREEBORN **************************

jonny wilkinson - 26 Jul'04 - 15:17 - 381 of 398 edit

jonny wilkinson - 20 Jul'04 - 15:57 - 347 of 380 edit

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.
................................................................................

Tim

I note your reply earlier today, with respect you did not answer the questions, i believe its important for you as an employee or freelance journalist of Shares Magazine to respond to what i believe are relevant questions, many may doubt my motives on these boards which is fair enough but as a long standing shareholder i judge its quite in order to ask pointed questions, same applies to you, whose readership place great trust in what you write otherwise pointless buying such a publication every week.
..............................................................................
Its my view you must respond to each of points raised, is it in order for all of the matters i've raised to be included in the next publication of Shares Magazine, can this be arranged, if not i will write to FSA and ask for their opinion, this is very serious matter and must be addressed without delay.

Re Post Office Deal, did you contact senior management to verify this deal is done, subject to Cabinet Approval,( i suggest ask Rob Cunningham who in PO is point of contact ) if not why not, secondly what is meant by cabinet approval.

jonny wilkinson

Who or what the hell do you think you are?

I hold shares in this company and therefore I am interested in news about the company and read what was written about it by TF. But I take the majority of things in life with a pinch of salt especially in investor magazines and BBs.

If you haven't hard luck. But you constant harping would not increase any feeling I have of sympathy for you.

Whether TF wishes to make any reply to your persistant, IMO obnoxious, mailing is entirely up to him and I suggest you apply the instruction "must" to your own actions and not as instruction to others. As far as I am concerned it is up to him if he feels any need to respond. But my feeling is that it would better to wait for the company to give information in its own time. Also it would be folly to try to give conclusions about the outstanding actions.

Now why don't you go and lie down for a while.

Fred1new - 28 Jul'04 - 18:43 - 400 of 400

I note your comments but wish to remind you firstly my comments are directed to TF who posted the original article on this board, secondly its a very serious offence to publish information which is potentially misleading, however this is a matter for FSA to investigate if they have reason to believe information is not accurate. For the avoidance of doubt i'm not suggesting EPO or Tim Freeborn has misled anyone , however its not acceptable so much doubt remains as to whether or not the deal is or about to be concluded. Remember such a groundbreaking deal for EPO should not be told to a journalist ( who is a shareholder ) ahead of an official RNS. ( Check FSA Rules on this matter )

Also remember Citywire reported back July 2003 about a major Airline deal agreed, 12 months later still no news, why if this deal is not proceeding have shareholders not been told, EPO thought it was important enough to tell Citywire readers but not shareholders who really matter, i'm not really bothered what you think of me, if you're not happy with my postings then i suggest don't read, hopefully this is clear.

JW - you certainly are persistent - sometimes a good trait to have - have you tried similar tact/approach with epo mgmt? if not why not as I think you really ought to be targetting them, and if you have tried it with them what's been their response

xfactor - 28 Jul'04 - 19:50 - 402 of 402

Certainly a valid point you raise, however as the article was written by TF and only he knows what was discussed and actually said during his meeting with Cunningham,i think for this reason its best we direct questions to TF.I normally operate along the same lines as Warren Buffett by not calling the company concerned, but rather concentrating on the info in the public domain.

Hope this helps

Trust you understand.

Regards

JW

JW
Boring, Boring, Boring, Only a fool would have taken anything but a long term punt on EPO
Tim declared his prior purchase/interest in EPO as required, please take your concerns to the FSA if you feel it necessary, you have made your point, for which I am sure many are grateful, but this BB is in the public domain, move on and allow us to do the same.

I have just worked out what is happening - the CEO is telling Tim that they have done a deal with PO etc - Tim then goes to a competitor and sells them the information - they then contact PO and give them a great deal and get the businesss. How thick is EPO management.

If this is not true then who does one trust Tim or Rob? or neither? It doesnt take a rocket scientist to work out that something is amiss. Its not as if we are talking about a couple of weeks here, it is now 7 months since.

Tim Freeborn

I along with some other readers of this board are awaiting your detailed response, please do not delay as we need answers to what i consider are ' very important questions '

If we have no RNS from EPO re ' Ground Breaking Deals' by close of business tomorrow whats your next move.

look JW, If you bought shares on someone else's advice without doing your own research your an idiot, you need to accept that your an idiot and stop trying to blame other people, if you did your own research and chose to buy this company off your own back then you need to accept that either you bought them at the wrong time, or you should sit and wait for something to happen , but please either way just SHUT UP!!!!

MrDavis - 30 Jul'04 - 08:49 - 409 of 409

I'm not aware my previous posts suggested or confirmed i bought shares as a result of what Tim Freeborn has written, maybe as you are a very bright chap you should clarify which post confirmed this.I suggest in future get your facts correct before posting misleading information about me, anyway its better you filter my posts in future.

For the avoidance of doubt my comments are directed to TF, it is him who has written ' His credibility really will be dented if neither appears' by end of July. ( might end up being sued by RC for making such a statement although he must feel very annoyed at RC to use such strong language ) In fairness to TF he only had written what he was told by RC,my concerns have been well documented on previous posts,be in no doubt FSA will want to take a very close look at what has been told by EPO CEO to TF,this as TF knows well is a very serious breach if what TF reported about what RC is correct.

Tim Freeborn

I am still awaiting your reply to my earlier postings, i'm sure you take a regular look at the board but maybe are lost for words at present, fair enough.

I note your comment about research note being ' nowhere near ready to produce a note', yet a previous RNS from RC confirmed a research note will be ready in July, did you read research note produced by Seymour Pierce forecasting revenues 4.2m y/e june 2004,remember analyst would have rec'd guidance from someone senior within EPO, this was published on EPO website so we must assume company was generally satisfied with these forecasts, surely new note being prepared will be even more bullish, is that your view or have you lost confidence in this companies management because they ' taken you for a jolly '

Regards

JW

Tim freeborn are you still of the same opinion as you was.You have gone very silent.

Reading this thread from time to time I think if I were TF I would let JW and his followers huff and puff until they blow their own houses down.

Fred1new,

The only way the to shut up the detractors is for this company and those 'connected' to it, is to realise that the only thing that matters is to stop over-promising, and under-delivering, in this respect the company and the ceo are there own worst enemies.

TF must be gutted, it increasingly looks like he has been had hook,line and sinker.

The company should simply update the market through the proper channels, then all of this squabbling could then finish, and a proper debate about its business model and its chances of success would ensue.

DYOR imho etc..

regards

T..

I agree Tradx..........i don't blame TF though......maybe a lesson learnt......news should only be released when the deal has been done.......ie. this Post Office contract......if it exists this should not be public news yet. i am interested to hear what TF says..........and I therefore expect if no news comes out this week then a update in Shares Mag should appear in next weeks issue....The last update 2 weeks ago was a Hold/Buy....it's looking more like a Hold/Sell......I have not operated a stop/loss on this stock........don't get emotionally attached..well i have because i believe in the product.........time will tell if my investment decision was correct.........

Tim Freeborn / Rob Cunningham

Do we need to report you guys as missing, its looking very serious at present.Ifs there no response by midnight then i suggest the shares are suspended until you guys surface !!!!!!!!!!