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!)

to echo tradx thanks for your posts and good luck/judgement with your other investments.

Thanks Tradx , astonvilla. Got to confess I've sold the rest! First, concluded that, if I was taking a risk the size that EPO has become, then I might as well be in oil exploration and Iraq in particular with PET. Have also bought SEY who are further down the line. Cause has really been the ASC bb where people have been nominating shares they believe will beat ASC in doubling in price. Started evaluation the offerings and got hooked! Will continue to monitor EPO closely though, and this bb. I expect that price will rise quickly in response to any positive news, i.e. any indication that the light is visible at the end of the tunnel. In the same way, I got out of YOO because the share seemed to be going nowhere - glad now I'm back in (see Shares play of the week and YOO bb).

Good luck.

Eric

This used to be the best bb around, highly entertaining and very active. Have all the catains jumped ship?
I havn't, but can still see lots of rocks.
Ray

still hanging on to get back to EARTH for that POT of gold

not sure if i was one of the captains but i am still in.........just sitting and waiting...not selling at these levels.

guys,

don't know if you have been watching, but since Man declared, someones very carefully been sucking up the sells (apart from yesterday!)...so, methinks something maybe afoot...!

They may still 'positively' surprise us?!

regards

T..

And here they go again today...hmmmm, time for a plunge methinks..

regards to all.

still holding. As you may know TF has moned on from Shares and i spoke to him regarding the EPO debacle. He said in all his time as a financial journalist he had never seen a CEO say and show him deals repeatedly and each time not one of them being signed. He wished he could see more background to RC's previous job history and record of director history. But he still believes in the product not in RC though.

ssanebs

did TF say if he was still holding?

rock bottom and ready for a move..

news to follow on the court case?...

it will be sharp and fast when it comes.....

hope yer right dynamicsoul...
Wanadoo must have seen something they liked in epo but with so little
newsflow, hope is all we've got at the moment...

dont think there is too much too worry about as long as your a buyer in the sub 2-3p area....

the whole sector is looking to turn, breaking out of the down trend and forming a small flag using the top of the old trendline as support, usually a sign for a move up...and yes I know epo is only a little fish and may not follow whole heartily...but favourable conditions are just round the corner again imo...and news on this minnow will see it move sharply from this price....

ssanebs - 21 Oct'04 - 09:21 - 584 of 586

I'm sure with the benefit of hindsight TF regrets ever speaking with RC, if TF reported accurately his discussions with RC (at this stage we've no reason to believe otherwise )then sadly he has been conned which really makes CEO's position untenable. As a follow on then its fair to say shareholders have been misled, in fact there are people i suspect who became shareholders as a result of articles which were published in Shares magazine, i know some will say do your own research etc before buying any shares which is fair enough but with respect many retail investors rely to some degree on what they read from so called experts, apart from shares magazine what other research is available on EPO, apart from research published by their previous brokers Seymour Pierce. This note suggested 4.2m revenues y/e 30 June 2004 , in fact it must have been endorsed by EPO because for some time it appeared on their EPO official website, i can also confirm copies were sent by Peter Chappell on request.

I think most people accept EPO future was very bleak until new money was raised from Vanrenan / Parker ( existing shareholders ) in Jan / Feb 2002 and RC was appointed CEO to lead the turnaround thru his so called investment vechicle Gelande which i think was described by Citywire as a venture capital boutique ( to the best of my knowledge little money if any was invested by Gelande at that time.

No one ever expected it was going to be easy, management must be given time to deliver but almost 3 years later we appear to have gone backwards rather than forward and probably have lost a lot of credibility for a number of reasons.

I've been slated & supported on a rival board since Jan 2004( people are entitled to their opinions just as i am )My chief concern is the senior management, in particular the CEO who in my opinion has not a track record which makes him suitable to lead the turnaround and propel EPO forward, recent events reaffirm and reinforce reasons why new leadership is required.

I'm a longstanding shareholder who wants EPO to suceed, i accept its not easy but continue to believe in the product but sadly not management to date.

and for those who are sceptical of charts...see the correlation here with epo and the whole sector.....(epo is pink line/sector green)...

sector is moving up...epo to follow?

dynamicsoul - 21 Oct'04 - 17:10 - 586 of 589

I suggest lets all concentrate on EPO fundamentals rather than technical analysis, if they get the fundamentals right share price will take care of itself.

Re Court case update, who knows they may get some money but i suggest its a long way down the road, so in short term concentrate on trading business rather than exceptionals which may come thru at some point in future.

It will be interesting to see what provision EPO make in their annual report & accounts to cover ongoing litigation v baltimore and maybe Egg plc.

Agreed,with news this could turn rapidly,
unfortunately news is not one of epo's strong points...
doe's anyone know when wanadoo is going live...
also if sms gateway was opened in sept as stated in trading update wouldn't
it help to announce it...and debit card in oct..

not just the court news, any favourable news should see it move from this price, even favourable market conditions will move it from this low price!!

believe me this is overdone,it could fall slightly more, but upside is far greater possibility than downside..all in my opinion of course..

we can talk and speculate all we want about what they may or may not announce but in the meantime best to trade what you see...I see an oversold stock with the possibility of some good news to come...maybe, as you say, not soon...but who knows...

Surely the best bit of news EPO could release is that useless CEO's resignation( although a deal or 2 wouldn't hurt either). Had a lot of faith in this company and it cost me dearly. Still believe in the concept but no faith in the management. With a change in management and a deal or 2 formally announced and not about to be signed in the next quarter bs like before I'd be tempted to give it another go.
I do admire you guys for sticking with it. I only hope the rewards are worth the wait. S

dibbles

Yes TF is still a holder but he reduced it to 50% of his holding. Also RC is visiting one of its large shareholders tomorrow, Savoy investments, they hold 18m shares @ 2.5p. When they purchased at that level they were told the BA deal was due to be signed. Lets see what he tells them tomorrow, i was invited as i am a client but declined the offer. I have never been in a room before with someone who has cost me 35k by misleading me!.. safer for both of us!

ssanebs - 21 Oct'04 - 22:33 - 595 of 595

Who initiated the visit, did Savoy invite RC to meet and update their clients, what form is this meeting going to take, interesting to hear what RC has got to say, i imagine very little he can say as they are in closed period.

Its interesting you mention BA deal( remember Citywire reported this as a done deal) there is one long standing investor who lives in mainland Europe who has been very supportive towards EPO but seems he may have invested on the understanding BA deal was in the bag, its not for me to comment on what he presently thinks of our CEO but i'm sure you can guess.

I think its important RC is challenged re airline deal, asked to explain and provide evidence as to why shareholders were told this deal was about to happen or in fact was done.My sources will confirm initial contact with BA ( email/s circulated to at least one investor but possibly more by RC confirming Airline deal was done or about to complete. I suggest RC provides contact name/s whom EPO were dealing with in BA, then make your own enquiries, follow it thru and then report your findings, should be interesting exercise.

Lets assume the deal fell apart at eleventh hour ( doubt it ) why did RC not report back to Citywire and investors who participated in private placing on the strength of airline deal .

Do you mind providing us with some background on Savoy Investments and how they came to get involved with EPO, what is their view on EPO investment and CEO.