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!)

Strange, creeping up again.

I thought that these were dead.

They are, this is just the nerve ends twitching !!!

If a dead cat is thrown out of a 13th floor window, when it hits
the ground, it will bounce. It will be travelling upwards for a
short time but that doesn't mean that there's any life in it.

It may even meow.

The COO Russell Clarke resigned from board on Aug 20, the same day as the trading statement.

See RNS

Sounds like he didn't agree with the trading statement, perhaps he thought it was utter rubbish & didn't want to be associated with it at all. A DANGER SIGN I think.

In that trading statement Earthport said Q4 revenues up 47 pct vs Q3, so what do you think is going on?

im holding on with a 58%loss ,should i get out now,advice please

I can't give advice, I can only say that I got out.

You have to look at the all the info AVAILABLE to you & make your own decision.

Sometimes one sells a share that has fallen only to see it shoot up the next day or go down the drain, who knows?

Take a look at the trades over the past few days & see what you think.

thanks apple

Unless the shares are your life savings, put them in the bottom draw and leave them until the next set of results. The spread is wide, calculate how much it will cost you for dealing in and out of this share and your next punt. W/S. DYR

I have just come from the ASOS bb which is bubbling with positive anticipation from cats with cream on their lips. If you want to sell EPO than buy ASC before the weekend (read the bb!).
Having said that, I am well overweight in ASC and still holding on to EPO. One reason is that their cap. is down to 8m and their technology must be worth far more than that. Second, their technology is not mickey mouse and is being used by some significant players (see welcomeaboard, 487) . Third, I am giving weight to the expectation created by the CEO, I think deliberately, that the recent fund-raising will carry them throough to a positive cashflow. I may be wrong, in which case the shares will languish at their present levels for a year or more but probably not fall much further. If I am right the upside is very significant, even within the current financial year.
I wonder if there are any readers who have insights re current trading. EPO, like ASC, are there to exploit the internet and there activities must be legitimately visible to interested parties (see note 313 on ASC bb, for instance).
Eric

I'll hang on,thank's all

gorwell22,

Shares mag recently said something like (sorry, I don't have it to hand) that you should treat any monies invested here as if you they were VC funds, well in general VC investments pay off 1:10, (so the odds don't look too bad on first glance!) but when you factor in recent events i.e More fundraising after they said they wouldn't need to, the loss of another COO etc the lack of any of the 'wins' that were so widely leaked, then I suspect the odds lengthen to more like 100 to 1. If they can come up with some real news, then this could reverse quickly, but their track/execution record to date is pretty appalling.

So I would say hold on, but only if you are prepared to lose the lot, or if this company can finally perform as it promises, in which case you may still hit the jackpot!

DYOR, all imho and all that BS

Be Lucky.

Gorwell 22, Tradx

It is helpful to focus on the risk factor as Tradx is doing. However, I would read the probability differently. VC funds success ratio may by 1:10 but earthport have done the expensive part, which is developing the systems and setting up the banking network. It is helpful to focus on the S-curve: the initial low-gradient line with the innovative customers is the hardest work; then you start to negotiate the curve where you have good reference sells to increase sales penetration; then it is the steeper-gradient line until you start to approach market saturation (or products age or you are overtaken by competition). ASOS (ASC, see above) is a good example of a company which has negotiated the curve. Where are Earthport? My own view is that they are still on the low-gradient line but, with successful installations (?) at Wanadoo and three clients to be installed by October, should be approaching the "S-curve curve". Questions remain over the management and major product improvements are under way but we can overdo the VC bit. If the Directors and major shareholders believe the CEO is not doing a satisfactory job, then why not replace him? I would rate success to failure as evens. Failure may not be too costly (takeover? technology sale?) whereas the sky is the limit for success - next year's ASOS? But I do rate myself as an optimist, laced with realism! Conclusion: speculative buy.
Eric

All,

Man Group have declared a 5% stake..v,interesting..lets see what they do with it!

regards to all

T..

Tradx et al.

Any insights on the Man Group acquisition of a 5% stake? Man Financial are the brokerage division of the immensely profitable Man Group, normally concerned with futures franchises and 'matched principal business'. In other words they are not a passive investor. Nor do they waste their time on lame ducks. Immediate reaction is therefore positive. They are in to make 'loads of money'. If Earthport need more money they have it hanging on trees. They will want to see quick growth to profitability and then get out with a nice profit. Looks good for the faithful investors!

Eric

That might be a sell by Man Group, it depends how many they had before.

apple
Can't locate or recall any previous annoucement of a holding by Man Group. I suspect that, if EPO had been aware of Man Group interest, they would have been after them for funds. Can anyone shed light?
Eric

Looks like a buy, 27,890,000 i too cant find any previous buying or selling. Went back 2 years on RNS's.

EWRobson,

yesterday, I speculated on another board that as Man were the benficial holders that this was a hedging position against a large up bet..(this would only be wrong if man disposed of their holding over the next couple of months or so)...

It is well known that Shami (legendary investments) had a long running and large CFD position in Moss Bros when he was attempting a takeover there..so I can only suspect that Shami, friends and family could be the orignator of this UP bet (if that is what it is)..

As always, time will tell..

DYOR, all imho etc and all that BS..

regards

T..

10.34% drop today, I'm glad to be completley out.

I think it will drop a lot more.

If I wasn't afraid of it going bust then I might buy again somewhere between 0.5p & 0.75p

I'm worried by the track record of Rob Cunningham & his Earthport/Gelande deals from which he appears to have benefited while he was involved in Gelande & then the granting of another 50 million earthport share options starting at 2.75p tied up with the legendary investments announcement in June. It sounded like a positive announcement at the time but it's easy to grant options especially if there isn't much chance of having them taken up before they expire. Obviously, if they were, then they would dilute the value of the rest of the shares.

It didn't actually say who gets the options, it just said the granting of options.

If legendary investments don't do anything for EPO then they don't lose but shareholders do.

"In respect of these activities, earthport has granted options, exercisable by 31
December 2004, over 50 million earthport shares. The options are exercisable at
various prices the minimum of which is 2.75p. In addition, Legendary
Investments has already subscribed for 10 million earthport shares at 2.5p each."

BTW
Gelande retains all rights and options attaching to the Agreement as set out in
the Stock Exchange announcements dated 15th July and 9th September 2003 and on
27th May 2004.

I think Rob Cunningham is still the majority sharholder in Gelande.

It was announced on 30th June that Rob Cunningham became a director of EPO

Current Directorships
Bridgecroft Properties Ltd

Directorships held in the last 5 years
Heros Properties Ltd
Dunraven Property Services Ltd
Park4Less Ltd (in liquidation)
Parksafe (UK) Ltd
Parksafe (Europe) Ltd
Chip & Dale Ltd
Goldway Enterprises Ltd
Phonedrive (Heathrow) Ltd


Looking back through various announcements they now seem very worrying to me in hindsight but I thought that they were positive at the time.

If I was brave enough then I would short this share.

I should not have gone back in again.

Read the RNS & AFX announcements & make up your own mind.

Those that disagree will enjoy a laugh when I get egg on my face over this one.