Earthport Share Discussion Threads

[silkstag] 21/3/2016 10:57

Fy16 loss will be mind blowing -£18m. Crooked management forecast -£0.5m. Bye bye! All Imho

[silkstag] 21/3/2016 10:54

PG this morning abandoned all their forecasts including for fy16! Also abandoned their price target. Earthtanic pirate crew jolly-rogered them as well!
Will need funding round by October to sign worst loss in history as going concern. Sinking fast. SELL or DROWN.
All imho

[caradog] 21/3/2016 08:44

Adjusted losses trebled compared to same period last year, largely due to "unanticipated increases in network costs". Annualised loss now running at 13 million, with cash in bank down from year-end 24 million to around 19 million after "The Baydonhill Incident".
Huge potential but, for me, too many unanticipated events for comfort.

[silkstag] 18/3/2016 17:25

Love to be a fly on the wall when the martini-sipping mug passengers who bought @18p at Friday close see the interim results 7am Monday. I predict they will feel jolly-rogered by Earthtanic's pirate crew. imho

[silkstag] 18/3/2016 14:47

With out of control trading losses and the £5m governance blunder loss, EPO will run out of cash inside 2 years so need more funding. Valuation will be below 10p par value of shares so expect a 1 for 7 share consolidation like in 2005. Current holders then get diluted into oblivion by new investors. All imho

[silkstag] 17/3/2016 15:41

The iceberg 75888 x N seller got taken @18p. Lucky dog. Sellers will soon compete for volume. Imho

[silkstag] 17/3/2016 10:44

The 3 house brokers will learn of Earthranic new huge -£5.5m interim lossberg ripping into its hull Friday lunchtime. Sellers should grab 17.75p while they can. Confidence is busted so management porkies fool fewer mugs these days and institutions want to bail so less fake price support available. Davy Jones has the locker door open and Earthtanic's stern will soon lurch in as icy waters pour into cabins. Martini-sipping mug money at the bar will be lost without a trace. All imho

[silkstag] 15/3/2016 15:30

Buyers @17.75p almost run out on order book imho

[silkstag] 15/3/2016 08:15

The buyers at 17.75p will likely be punched through in next few days then down 30% with results Monday or their wake. Get out now. All imho

[silkstag] 14/3/2016 16:12

Sorry, I meant Friday 18th is last of 5 sell days before Earthtanic is holed again and lurches deeper into the icy sea at 7am Monday 21 March imho.

[caradog] 14/3/2016 10:10

Results will be out on Monday 21st, according to today's RNS.

[silkstag] 14/3/2016 09:48

5 days to sell before sinking interim results on 18 March imho.

[silkstag] 11/3/2016 08:40

Overhang now three large iceberg patient sellers @18.25p. It was like this at 25p due to the RNS abour stalled growth then camee the RNS on £5m governance blunder and it fell 30% immediately. One RNS created the overhang and the second crashed it.
Here the overhang will crash price another 30% = 5.5p, down to 12.5p, when record interim loss RNS slashes into hull about 18 March.
CUT YOUR LOSSES. NOTHING BUT ICY MISERY ON EARTHTANIC.
all imho

[silkstag] 09/3/2016 16:56

Last year interims were 18 March 2015. So about 9 days to another -£5.5m hole ripped into lurching Earthtanic imho.

[silkstag] 09/3/2016 10:13

Looks like heavy overhang of large sellers trying patiently to bail at c18p. Next bit of dire news, new hole ripped in Earthtanic hull, and patience will snap. 5p will axe off price.

Back to 2010 turnaround price of 10p soon enough although x6 number of shares so x6 market cap since turnaround, which feels too much given the wild losses and bent management.

SELL at 17p while you can.
Unless you think the narket will like a record -£5.5m loss for just six months on top of the -£5m governance blunder.
Confidence rightly dead.
All imho

[silkstag] 04/3/2016 17:00

In the closing auction 350,000 shares were offered @18p. Can't wait for Earthtanic to admit another hole ripped into its hull with the worst interim loss in its dirty history.-£5.5m? All Imho

[silkstag] 03/3/2016 07:46

Thank you ards! Pleased you did not lose cash reinvesting in the sinking Earthtanic. Management lies drowned many poor souls.
Today sees another desperate non-regulatory announcement on fx so it is by definition immaterial. Their material RNS on fx admitted they blundered £5m.

Confidence is dead in the Earthtanic's pirate crew and holed hull. Need multiple Board changes as this turnaround team failed. I don't mind that. I do mind that they serially wilfully breached AIM rules by lying about the timeframe and scale of losses to cover up their failure. I object to pirates jolly-rogering and drowning investors.
SELL NOW or bend-over again. Up to you!
All imho

[ards] 02/3/2016 18:05

made a bit of dosh on epo on its rise to over 49. have been following ss and like others have dismissed his rantings as obsessional however I think we should admit that he was right and most others were wrong and we should probably thank him for his persistance. he saved me from jumping in again.

[silkstag] 29/2/2016 18:35

From a 25 February 2016 shareholder bulletin:
"Before today it felt like there was a large overhang of patient sellers at 25p, waiting for buyer volume to let them exit, agitated by EPO’s 25-1-16 massive downgrade from an expected loss of -£0.5m to -£6.5m for FY16. Thus today’s price crash is likely a combination of the two bits of filthy news, against a backdrop of damaged confidence from a string of downgrades, dire numbers and departing management.

We expect another lump of filthy news, namely Earthport admitting its worst ever interim loss for the six months to 31-12-15, at about -£5.5m. That treat still awaits the market!"

So the price fall has a dire backdrop and is from 2 not 1 bit of terrible news, and another 1 is to come!

SELL SELL SELL before the next bit of terrible news.
Or drown on the scuttled Earthtanic. Up to you!
all imho

[courant] 29/2/2016 11:13

This was extremely stupid! I can't imagine the process failings that allowed this to happen...

That said, a £5m loss (painful though it is) has precipitated a £35m fall in market cap (maybe more, if you consider news may have leaked and part of the share price weakness recently was related). I see this as a buying opportunity and have taken advantage of this to double my small existing investment here. The consequences may be more far reaching, especially if it impacts/brings forward/makes more tricky any future fundraising, but for now I'm happy to assume this risk.

[davidosh] 27/2/2016 02:31

The view of an ex shareholder...

[silkstag] 26/2/2016 09:45

Wise words yOu!
Crooked EPO management covered up for 6.5 days in Sept 15 that the lead trade investor IFC had started to bail out and crossed a holding percentile.
Crooked EPO management concealed from the 2015 AGM and market that the head of global marketing had left even though she still appeared as pictured senior management in the accounts being voted upon.
The RNS yesterday talks about their investigations. There is every chance that EPO management sat on this for a bit. To be fair there would have been a legitimate tine to assess eg if they could call back payment or collect it from the client. But you are right not to trust management given their multiple past governance breaches.
Let's not forget that the narket expects a -£6.5m loss for the full year FY16 but I expect -£5.5m loss just for the first six months. If I am right then they are covering up that filthy news in breach of AIM rules.
Obviously this extra -£5m cash governance cretin bungle will be added to the full year loss (less any insurance or client recovery). So loss will be over -£10m it seems.
Their rampant lies in March 2015 about passing breakeven by June 15 seem, well, like lies that even mug holders can finally admit!
SELL SELL SELL. Or drown on the scuttled Earthtanic. Up to you!
All imho

[y0u] 26/2/2016 08:32

A huge embarrassment and I wonder how long they waited before announcing it.