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!)

EWR

I like you eric, you bring a great deal of realism to the party, not to mention your well thought out posts over the last few months. Thx and welcome to the rollercoaster again!!

"cash position is about to be increased"

Will this not result in further share dilution ?

I recollect EPO can issue shares for cash at any time they like. Is this correct ?

Hi Hannick, new to all this and was wondering with this new cash position, will it drive the share price up or down??

hannick

EPO state quite explicitly in their interim statement that shares will not be diluted through fund-raising. Their collective methods for raising funds then were quite ingenious, including hiving off their IT development function. I think it is reasonable to accept that there will not be any dilution this time: the Board would not renege on their commitment even if RC might. What is more surprising is that there are sources prepared to stump up funds but that is evidently the case.

hampi_man

As posted above, I did read this news of new funding as positive. If EPO has a future at all then they are very cheap historically. The silence from the company and the lack of news of business won has had a drastic effect on the share price, with the cap. down to 5m. In one sense, the news re more cash required is negative, implying the lack of sales revenue and the inadequacy of the funds raised in August. What is positive is that a funder(s) is prepared to stump up cash and that must imply confidence that their loan, which is presumably what it is, will be repaid. Some level of due diligence must have been undertaken. If EPO is still trading this time next year, then the price must have recovered to levels early this year, say 3p to 4p, and could be significantly higher. There is little doubt that the market is there. Contracts like Hong Kong and Wanadoo demonstrate the potential. My own view, argued previously, is that the key event is like to be the delivery of updated systems. For those with a background in IT, it is well known that the costs are primarily in the development and that multipliers come into action if a decent sales base is established. They either don't sell enough, in which case they may be out of business; or they are successful and the company could take off. Its worth a flutter but not a major stake as these are certainly risk funds!

EWR

Thanks a million for taking the time to explain that to me. Now I feel I have a base from which I can spring and hopefully get to read the signs along the way.

2.5m trade at the end of the day,
was it a buy or a sell, guess we'll know tomorrow although someone on advfn
bb claims it was a buy as he knows who bought them and that more deals are
on the way.....
hope he's right but we shall see......

well, still a little life in the old girl yet then.....
i mean epo, not er indoors.....

Does anybody know whats happened with wanadoo?
Has it been delayed or wasn't it mean't to go live yet?
Is there anybody home?

i take it thats a 'no' then on all 3 questions......

Is this news that you meant Saanebs ?

Contract news at last! Decent revenues, particularly in year 2 and 3. Looks good - and genuine! Anyway, switched some funds in as price seems unlikely to stay at 1.25p bid.

Eric

another small deal to keep the coffers topped up. As EPO are setting this up for the client the 1st year will prob make nothing if they extend on the deal with clients year 2 & 3 will be good, if EPO are still around!

ssanebs

Given its a sound deal, the value of the futures is that they give a basis for borrowings and thus underpin the share price. I wonder if anyone can vouch, in turn, for Interconsult. I suppose there must be a bit of fear that it is an insider job - scratching the back - particularly as nothing is paid up front. The buying is solid enough; though, with the price of the shares, it only amounts to some 60K worth so far. Nevertheless, it is the second bit of positive news within three weeks; if this keeps going the price will really start to recover. The cap. is only 6m so a reliable 3m in 2007, if it is reliable and followed up by others, should do wonders for the sp.

Where are the old faithfuls - and unfaithfuls?

Eric

ssanebs,

as you are closer to epo than most i thought i'd ask you......
rumour is going round again that wages have not been paid for october....
just wondered whether you can enlighten us further, one way or other?

Do any of our city people know Interconsult? - can't find anything on the websites. First, do they really exist? - at least the anwer to this is yes, because Financial Dynamics say so. In teresting that the co-signatories are a PR advisor rather than financial analysts - no sign of Nabarro Wells; proably better paying the PR firm anyway. Second, are they credible, viable and are the business volumes realistic.

ssanebs

Any info. on funding? Plus dibbles question re cash and staff payment. Or is this malicious rumour from discontented former employee(s) - which we've had before on this bb.

A good trading day. Mind, its only 65K of buys but its 1% of the equity. Marked up on the RNS and then didn't move. Funny, other companies move more, e.g. BNH, on much less volume. Having lost quite a packet last time round, would be good to get it back - not so good to throw good money after bad! On balance, this looks good news and could be a good reference sell for other projects. Other views? Or has everyone else gone assuming the light was out?

Eric

EWRobson - 16 Nov'04 - 22:30 - 632 of 632


Or is this malicious rumour from discontented former employee(s) - which we've had before on this bb.
............................................................................

I assume you are referring to JW, if so this is not a malicious rumour , how dare you suggest this.I challenge you to speak to EPO staff leaving the Chandos Street or New Street Offices ( Behind Magpie Pub off Liverpool Street offices which Terry Smith CEO Collins Stewart used to occupy )They will soon confirm what you need to know, trust you understand.

Interconsult Ltd is a new co with no existing revenues as is one of their associated companies Interconsult International which filed dormant accounts 2002, anyway don't go on what financial dynamics say, check the facts, remember this deal is subject to regulatory clearance, epo chose not to provide timescale for such.

As for fundraising, well expect news very soon or at worst when results are released, interesting to see this announcement including price.

Eric,
Have been following this thread for a while now, and I love your optimism (allbeit tempered with a suitable degree of prudence and realism). Was tempted by this offering at 0.83p at week or so ago, and wish I had now, but this mini revival seems born out of another dawn of false hope. I haven't sufered the losses you guys have, but the prospect of a significant recovery looks pretty slim from my (relatively uninformed) position.

PS I think ssanebs turned the lights off when he left !!!!

JAB

JW

Thanks for note. No offence meant - wouldn't blame you, anyway, for a touch of disgruntlement. Also liked JAB observations re realism, etc.. I accept your reading of the situation - although you do beleive they will reach the next results! The realism means that the probability dips below evens again so have just got out, as quickly as I got back in, and with just a modest loss. I don't have a problem moving funds around; there are plenty of homes with strong potential at the moment. I need to move some funds over to Blue Index anyway - need to restore my exposure in ASC via CFDs and PET also calls. Good luck guys.

Eric

EWRobson - 17 Nov'04 - 08:57 - 635 of 635

Thanks for prompt and honest response.

Every investor must make their own decisions based on the information available but i'm afraid latest RNS is just more of the same, little has changed in my opinion.

Regards

JW

Who's going to switch the lights back on?