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!)

not really the announcement we were all hoping for but people seem to like it as theres a small rise today.

The Board of earthport plc, the electronic payment services company, has
appointed Russell John Clarke, 46, Chief Operating Officer, as a Director with
immediate effect.



As a consequence of this appointment, Paul Townsend, who has served as a
Director since July 2003, will be stepping down from the Board. The Board would
like to express its sincere appreciation and thanks for the contribution Paul
has made during his tenure as a Director. Paul will continue with the Company
as a member of the Executive Management Team, interfacing with Clients and new
business projects.



earthport plc has recently completed an internal reorganisation to restructure
Client delivery and operational focus culminating in the bringing together of
all operational and development teams in our new office in New Street, EC2.
Russell Clarke now has responsibility for all operational teams including IT,
banking and customer service. Stefan Burkwood, ex Deutsche Bank, has assumed
responsibility for maintaining and developing the banking network

Who is Russell Clarke?

Where was he working before?

What is his track record?

Please post a message & tell us if you know.

glenelg,

as great as the product maybe the reason that any sensible investor is bailing is the numbers, they are burning money at an alarming rate, it's somewhere between 375 to 450K per month.

Any prospect of achieving a full year revenue of over 4 million has well and truely been killed, this could well be the reason that they have changed brokers (it was the house brokers note before wasn't it?).

It must then again bring into doubt the management's credibility, and especially the information they passed to a certain journalist.

Based on the last fundraising this means that once again they only have money for around 4-6 months, so it is obviously that another incredible round of share issuing will have to take place. Even a 10 fold increase in revenues in the 2 half of the year will rescue them from the cash burn.

The other issue which is easy to now project forward is the revenue they need to achieve profitability, and to me this looks like 20 to 25 million, and at their current rate of growth that will take them how long?

Food, agree on some points but not others. No doubt the management has been very foolish and has now possibly learnt its lesson not to leak news unless they are sure it is going to happen. Also agree that the deals promised haven't happened, I give them another 3 months and then this company is going to the walls if nothing is signed. However, if they do sign a load of licenses with the big names, the SP will go up significantly and make it easier for them to raise the money. Remeber that for small firms the whole point of being floated is to raise money to grow, don't loose sight of that. I think there may be good news out soon though, the MM's seem to know something we don't by their behaviour today, and epo need it more than most!

one of the most common themes running through this thread has been the credibility of the management. a lot of question marks have been put against them . i think they now have to show us that they can deliver on promises.

The shareholders meeting next week should be interesting, anyone from this board planning on going?

Baughfell


No idea how many may go, but i know you said you were going on the ADVFN board.
Ive left some questions on the EPO thread there for you(post116) CHEERS nice to see you here too.

Jd(rob67)

Some large buys this am, whats the crack? tia.

C04

Ummmm looks like just one person bought those few!! Maybe he's going to the open evening expecting some nice positive updates - hope so!

nice piccies jdubb.

B

Yep, got to amuse ourselves while we wait for our millions!!

oh yes!!!!! still waiting............

Hello JD/Rob, I'm still hoping to make it to the EPO meeting tomorrow evening work permitting - got to travel down from Leeds. I'll check out your questions on AD^FN. Some good buys at the end of the day. I dipped my toe in the water (yet again) at 2.7p today - just got a good feeling...

Bad feeling mate if you call this big buys:

17:22 2.5 250000 sale 2.5 3.25
16:56 2.88 225000 ? 2.5 3.25
16:56 2.88 375000 ? 2.5 3.25
16:55 2.88 600000 ? 2.5 3.25
16:27 2.62 20000 sale 2.5 3
16:15 2.52 1000 sale 2.5 3
15:56 2.7 8295 sale 2.5 3
15:47 2.52 3000 sale 2.5 3
14:59 2.52 7433 sale 2.5 3
14:49 2.7 10000 sale 2.5 3
14:09 2.7 25000 sale 2.5 3
13:24 2.7 13500 sale 2.5 3
12:30 2.7 40000 sale 2.5 3
12:23 2.75 17639 ? 2.5 3
12:14 2.75 104497 ? 2.5 3
10:50 2.52 30167 sale 2.5 3
10:48 2.75 20000 ? 2.5 3
09:39 2.52 29519 sale 2.5 3
09:31 2.87 125000 purchase 2.5 3
09:31 2.86 125000 purchase 2.5 3
08:48 2.75 75000 ? 2.5 3
08:31 2.52 35000 sale 2.5 3
08:02 2.75 1356 ? 2.5 3
08:01 2.75 871 ? 2.5 3

epo met its large shareholders today. and gave an update

mujagice, do you read posts or just tell us what we can already see for ourselves, mate?

Anything 2.7p or above yesterday was a buy

ssanebs. do you know what epo told its large shareholders?

Bos

Ssanebs made it clear that the company werent going to release any info except thru regulated sources in future! We all know that previous rumour-mongering was what caused alot of dissappointment at last results, let alone the fall in share price! Im sure we will be updated in due course. If you cant wait that long, several ADVFN EPO thread contributors are going to the Shareholders meeting tonite- so watch the BB's for feed back!!

interesting toon. feels like what goes on in my head when i am lying awake at night , time to buy or time to sell , no , buy , no, sell .........arghhhhhh!

before anyone complains about the standard of posts on this thread , let me just say this ... not a lot else is going on with epo at the moment so we are just amusing ourselves.

bosley , you say nothing is going on - but the shares still go down.
someone said tonights meeting will be on web cam - how do we veiw and hear it ?