In Pre Consolidation.30 Aug 2005 15:07
EPO. Hi investor. I have been in EPO pre 76:1 consolidation. I bought in with my eyes open, knowing that funds will be required. The first phase on this Coys reconstruction was to eliminate the number of shares in issue. The 76:1 achieved this. The next phase will be a funding issue. But the funds, as I believe it will be underwritten, so there is no problem in financing. As to where this share price will go, I have no idea, suffice to say that if Directors and Fund Managers buy in, and buy in with "confidence" then there must be plenty of upside. I can only re-iterate, this Coy is at the heart of the on-line gaming scene, it processes the small wagers via the internet/mobile phone, sportingbet is one of its tie ins, there are more. I am showing a profit at the moment, so I will stick with it and enjoy the journey. With so few share issued at the moment any strong Buying/Selling volume will tend to distort the share price. Once the funding issue is out of the way. Whatch these shares take off, in the meantime, there will be some buying so as not to dillute any holdings post secondary share issue.