Earthport Share Discussion Threads

[silkstag] 12/5/2016 14:35

I can say what happened with epo since 1997 and even worse with Uberoi since 2010. Rampaging losses, fraudulent false dawns, torrent of dilution to pay for failure. 80m shares x6 to 480m in 6 years. Another 500m to come in next 2-3 disaster rounds.

Dilution caused 1 for 7 share cobsoludation in 2005 and needed again with this or next disaster funding round.

Crooks roger mugs. It's a law of the investor universe. Respect the 'law' and sell.
All imho

[silkstag] 12/5/2016 11:33

NXDs rewarding CFO for serial apparently fraudulent forecasts is such dirty governance that you can say they have sick minds. The hopelessly high targets on future tranches 2-3 are part of the fundraising con. Another couple nails in the current board coffin. All imho

[chadders] 12/5/2016 09:35

The product of a deeply affected mind.

[silkstag] 11/5/2016 15:01

Let me spell out management's most recent 27 April 2016 apparent forecast fraud to deceive the market. They cited the 21 March PG abandoned forecast cash at 30 June 16 of about £16m. PG abandoned it as the losses were running way worse so it is crooked for management to recycle knowingly false axed numbers.
Cash at 30 June 15 was £30m. Burned £6m cash in 6m to 31 Dec 15 with losses worsening to leave £24m. Lost £5m on the fx blunder. And will lose at least £6m to 30 June 16. So cash at 30 June 16 will be about £13m (=24-5-6). By Oct 16 cash will be £9m ie only 9 months funding so NOT a going concern. Thus fund raising mandatory before clean accounts sign off.
This is why management lied to the market on 27 April. They wish to deceive the market into not realising disaster funding is needed.
Fy15 fell £9.2m below forecast. Fy16 will fall £25.5m below forecast. These three faulty forecasts cause me to think that EPO management are fraudulent scum.
FRAUDULENT SCUM WILL BURN YOUR CASH...JUST LIKE THE £28M THEY RAISED IN SEPT 14 ON FRAUDULENT FORECASTS.
STRONGEST SELL!
all imho. Dyor

[arf dysg] 10/5/2016 11:21

Veritas vincit, or possibly veritas vincit omnia

This is a very optimistic motto. The trouble is, there must be some veritas for the vincit to occur. Often the veritas is mixed in with a jumble of mendacium and many people with their ulterior motives are trying to make you believe one instead of the other.

[chadders] 09/5/2016 08:48

The product of an affected mind.

[isaready] 06/5/2016 21:35

silkstag, you talking tripe again it seems.

[chadders] 06/5/2016 16:49

Nice one Arf.

[silkstag] 06/5/2016 14:49

Are revenue per transaction crashing -31% from 2015 to 2016, and management concealing that disaster from the market until 10 months into the year, two more confidence slump and price crash drivers? Yes and yes imho.

[silkstag] 06/5/2016 12:21

All readers are welcome to the benefit of my sumnary of dirty unreliable Earthtanic late large serial profit and loss downgrades for fy15 and fy16. What useful analysis do you post pathetic troll isaready? Nothing ever? Yes I thought so.
SELL before 4p disaster rounds when deceitful forecasts are yet again exposed.
All imho. dyor

[isaready] 06/5/2016 11:20

SS, you are pathetic though.

[silkstag] 05/5/2016 15:45

As with FY16, crooked EPO management misled the market about FY15 expectations. PG market profit expectations and 4 late and large downgrades:

Feb 14 +£1.1m profit [GECR, not PG]
July 14 +£0.5m profit (downgrade with poor trading)
[Sept 14 +£0.5m (fund-raising so ignore dire FY14 results)]
March 15 -£2.3m (H1 FY15 dire, forced FY15 down)
[10 June 15 -£2.3m (no downgrade 11.5 months through year)]
[21 July 15 -£2.3m (no downgrade 1.6 months after year)]
Aug 15 -£4.9m (FY15 dire, forced downgrade)
25 Sept 15 -£8.9m
Reported 20 Nov 15 -£8.7m i.e. -£9.8m below GECR, £-9.2m below PG.

CANNOT RELY ON CROOKED EPO MANAGEMENT FORECASTS. SELL!
OR SUFFER PRICE CRASH WHEN ACTUAL NUMBERS ARE REVEALED.
all imho. DYOR

[chadders] 05/5/2016 15:27

EPO forecast year end cash balances,

2016; £15 million to £17 million
2017; £10 million to £11 million assuming no recovery of Baydonhill loss*
2018; £11 million to significantly higher.

2016 business is cash generating with operating profit at 25% of sales

Forecast H1 2016 transactions up 43% on H2 2015 numbers and 23% increase in payments volume.

Expansion to continue and expected to be 2.4 times 2016 operational income.

My view - a rapidly expanding business with a clear strategy and a management team that is delivering.

[arf dysg] 05/5/2016 13:54

veritas vincit


Let me decode your name.

"veri" - obviously "very"
"tas" - abbreviation for "moustache"

"vincit" - clearly a reference to Vincent van Gogh, and the song about him by Don Maclean

Ergo, "veritas vincit" means "The large moustache of Don Maclean"

[silkstag] 05/5/2016 13:37

Still no market loss or cash expectations from PG on fy16 or fy17 having withdrawn them in apparent disgust on 21 March 2016, having realised nanagement deceived them in the Jan and Feb 16 trading updates. Expect PG to resign in next six weeks, having given institutions a 3 month window to bail, as etiquette. Detail below.

1) FY16 looks like -£18m loss ie -£25.5m below Sept 14 fundraising crooked forecast profit of +£7.5m.
2) Fy16 will fall -£9.5m worse than PG's already third downgrade on 25 Jan 16.
3) On 25 Feb 16 EPO management again deceived PG into not issuing a fourth downgrade (aside form the -£5m) so -£8.5m stayed as the trading expectation until 21 March. Then PG withdrew any market expectations and price target.
4) Obvious EPO management are in desperate fund-raising mode, likely trying to bribe 2 new brokers with fees to turn a blind eye to their serial market deceit in breach if AIM rules.
5) Management also concealed from PG (until 27 April 2016) that revenue per transaction crashed -31% from 2015 to 2016.
6) Management are buying revenue, signing loss-making contracts, in desperation to puff up revenue to keep the con going. The Earthponzi scheme?
8) Management cash forecasts are inevitably as crooked inflated as their profit forecasts.
7) FY16 PG market proft expectations and 5 late and large downgrades:
Sept 14 +£7.5m profit (fund-raising!)
March 15 +£6.6m
July 15 -£0.5m (FY15 -£9.2m miss, forced FY16 down)
Jan 16 -£8.5m (H1 FY16 dire, forced FY16 down)
Feb 16 -£13.5m (BH FX blunder)
March 16 abandon numbers (H1 16 so dire, further axe needed).

8) SS Expects FY16 -£18m. Already disclosed analysis why that is a fair mid-range estimate.
9) EPO management never comply with AiM rules and freely admit disaster before it happens, they wait until disaster numbers have to be announced then downgrades happen on that day.
10) EPO management are as crooked as the day is long (on 21 June at the North pole).
11) Nobody deserves to be ripped off by crooks with crooked forecasts, but when you see proof they are crooks that serially issue crooked forecasts but you still buy or hold, then greedy stupid mugs bear some of the blame for their losses, when the price crashes to reflect actual dire numbers when they come out.

MANDATORY SELL before token trapped institution price support fades and disaster rounds @4p dilute you into oblivion with a 1 for 7 share consolidation like in 2005.
Or you can buy or hold in reliance on their 27 April 2016 (I believe) fund-raising (crooked) forecasts, in which they said (lied) they didn't need any funds.

All imho. DYOR

[homerdude] 03/5/2016 17:23

Veritas, before I answer, can I ask you this?Have you ever worked at epo?Owned shares in epo?What is your current occupation?

[veritas vincit] 03/5/2016 12:28

Silkstag, you make some very interesting points. I believe there is substance in what you say!

I have a question for isaready, homerdude and chadders.... Are all of you, or, any one of you, current directors of Earthport?

[silkstag] 03/5/2016 09:15

Last week saw the crooked vapour pump from 14.5p to 17.5p. This week the dump will start...bye bye share price. Imho

[silkstag] 03/5/2016 09:06

EPO losses fell -£9.2m below fy15 forecast and are plunneting -£25.6m below fy16 forecast. Similar serial downgrades on previous years. They concealed these from the market for many months in breach of AIM rules. They deceive investors with crooked forecasts.
So a sane person will assume EPO will yet again have serial downgrades and miss its 27 April 2016 fund-raising forecasts like all before.
Management know they will fall far below so they know they must raise funds while the market is in a state of deceit. The disaster rounds are on the way. They will grab whatever cash they can quickly before their cash shortfalls are exposed. EPO will not be a going concern when the 2016 accounts need signing in October 2016.
Disaster funding rounds @4p as don't think they will con enough mugs this time.
Revenue per transaction collapse by 31% in only one year from 2015 to 2016 is a bombshell that even mugs can worry about. As well as that bomb going off being concealed from Panmure Gordon throughout H1 FY16 and concealed in Jan and Feb 16. So PG were conned by management and they know it. PG abandoned all forecasts on 21 March 16 and still no new ones issued as at 3 May.
Current management death spiral will gain pace.
I don't like crooks rogering investors with deceit. That is my only gripe with management and it is fair. Wake up mugs.
MANDATORY SELL OR LOSE ANOTHER 13P ON EARTHTANIC.
Feels like mugs are buying Earthtanic shares well after insiders know it is lurching into the deep. Very sordid.
All imho. DYOR.