Earthport Share Discussion Threads

[isaready] 21/4/2016 10:42

we may see a bounce back to 25p

[courant] 20/4/2016 13:53

"But it does outsourced admin for banks etc."

lol!

[isaready] 20/4/2016 10:42

Up his ?

They have hardly failed. When this management joined their revenue was a couple of million. Its now over 22 million and growing.

OK, so they have some issues, that's life, no need to give up.

What would you do to your son or daughter SilkStag. They screw up, you dig the knife in and say, what a failure you are son/daughter, or do you say, lets look at this and lets sort it out and move forward.

Its clear, your view is tainted and one sided. Its clear you hate the company, its clear your view is one sided no matter what happens. Bitterness is a hard pill to swallow.

[homerdude] 20/4/2016 10:18

Where is the PUMP SilkStag

[silkstag] 20/4/2016 09:25

The third of failed management, COO, jumps off the sinking Earthtanic and is leaving 3 June. Odd day. Replaced by a techie not an ops man - just like the CEO. So more disciplined cost control ahead....not! So the heads of sales, marketing and ops, all hired by CEO, all gone in past 13 months.
SMART HOLDERS BAILED WITH THEM
MORE BAD NEWS TO COME AND DISASTER FUNDING ROUND
BEWARE PUMP AND DUMP WHICH HAS STARTED
ALL IMHO

[courant] 19/4/2016 10:36

Interesting views on the fintech landscape:

hxxp://www.futuresmag.com/2016/04/15/top-10-trends-fintech

[isaready] 18/4/2016 16:46

part 1 and 2 are public knowledge.

park 3 - 9 seem to be just a dream of yours, basically your agenda.

[isaready] 14/4/2016 15:30

Looks like we may get a push upwards to 17p

[ards] 12/4/2016 18:14

silkstag
you called this one spot on. did you make much on your short.

[chadders] 12/4/2016 18:12

Total guesswork as usual

[silkstag] 12/4/2016 14:13

Feels market makers have at least one and likely a few large instititional sellers in tow. Overhang of 8 problems will price this down to fairer level of 4p for disaster funding round. All imho

[chadders] 08/4/2016 20:47

Business is expanding - the only fact.

[silkstag] 08/4/2016 16:51

I was correcting your and chadders posts. 8 problems you did not mention. If you disagree with any of the 8 then explain why.

When nomad or broker are going to resign they apparently give some large institutions that they put in the stock an off the record heads up. The institutions usually ask them to delay for a couple months to try to exit sone of their holding before it tanks post resignation. I do not know PG decision here. We kniw they were freaked out on 21 March and abandoned price target and all forecasts. They already made massive 2nd and 3rd loss downgrades in Jan (-£6m) and Feb (-£5m) and were rightly disgusted with management deceit and/or gross incompetence that another was needed in March (-£6 5m?).
They might take a semi-bribe of fees to raise disaster rescue funding @4p. That would send PG reputation to hell with filthy EPO management.
CURRENT MANAGEMENT ARE IN DEATH SPIRAL
all imho

[isaready] 08/4/2016 15:36

SilkStag,

Forgive, but you are talking in a manner as if you have insider knowledge, do you?

To sit there, assume you sit while you type, to sit there and say your demands, sounds like you, well you or the Investor you know, has more info than the average joe.

To say shut down some areas and 4p price tag, suggests you investor friend is willing to do that at that price.

If PG were to resign, why have the not resigned already.

Correct me.

[silkstag] 08/4/2016 14:59

On 21 March 2016 EPO was forced to stop concealing the scale of its losses. It is so bad that no number was published, instead PG abandoned its already thrice downgraded FY16 expectation:
1) from £7.5m profit to -£0.5m loss to -£6.5m loss to -£11.5m loss to 'much worse, we give up on these crooks (for now or forever tbc)'.

The market as a whole does not realise:
2) FY16 will be -£18m loss [-£25.5m below Sept-14 fundraising forecast].
3) EPO needs to raise disaster cash to sign the accounts.
4) PG may resign as broker or nomad thus adding 150,000,000 shares to the seller overhang.

5) On 21 March the market learned H1-16 turnover £10.6m so only +4% from previous half year. Growth almost stalled.
6) This third EPO management team has failed so needs to be fired. Next turnaround round @4p with 1 for 7 share consolidation to slaughter holders.
7) Parts of EPO will have to be shut down so turnover will go down post rescue and there will be multi-million pound restructuring, redundancy and office closure costs to unwind current management delusion, hubris and profligacy.
8) EPO does outsourced admin. Needs to be honest, lean and humble. 0/3 score.

Posts alleging 'expanding' and 'functioning' are absurd. Current management are in a death spiral.

Items 1-8 are hugely more serious than the £5m fx governance blunder, some is partly priced in, most is not. Slide to 4p will price it in.

MANDATORY SELL AT 15P OR ANYWHERE NEAR.
ALL IMHO

[chadders] 08/4/2016 14:12

Business is still expanding more like

[isaready] 08/4/2016 12:27

SilkStag, maybe that's what they want, a delist, take it private just before it starts to earn its money.

I do not think you are 100% right though. The trigger for the falls recently was solely linked to the 5 million FX issue and nothing more. The market had handles the directional change.

If they sort the 5 million legal issue out, again, this will aid their recovery on price. Meanwhile the business is till functioning

[chadders] 07/4/2016 23:08

duplicated so removed

[chadders] 07/4/2016 23:08

Arf, appreciate your honesty. Not sure about your sense of humour though.

[silkstag] 07/4/2016 21:17

Arf, thanks, EPO is rightly short of friends in the market. The rescue round at 4p with a 1 for 7 consolidation will make some new enemies from duped holders. imho