Member Info for pomander

Is any one else having difficulty getting a short position executed today ? Never happened to me before.

Please provide us with some facts. Let me explain something to you. If I really thought that posting to do this board could influence the share price I would be singing to the roof tops about what a great company EPO was and what great potential it had. That way the price would rise and my short position would become even more profitable when the inevitable occurs. You see, company business models and poor management take care of the share price all on their own. No help from me is needed.

The problem is that to use a spell checker one has cut and paste from word for example which is time consuming. I am very busy most of the time, ( I trade full time) so tend to bang out posts quickly. I really have no problem with typo's especially when the information is clear. Neutral says little to support his views, the reason for that is clear.

Sorry, the unsecured loan from an unidentified source is at 7% not 8%

I really don't know if the money will arrive or not, it is a 50:50 shout, but in some ways it is an irrelevancy to the longer term picture. I am not adding as there is clearly the possibility of a short squeeze. Having said tha,t the market and the institutional investors have given no signal that the outcome will be positive for EPO. If there is a price spike pre 21st, I will add to my short (I use CFD and the margin requirement is a hefty 25%) Post 21st Dec, my view has not changed, I think this company is finished and it is more a matter of when than if. The company over the last 2 years has an average monthly cash burn rate of £450,000, it has only remained in business by virtue of Share Placings, which of course are no longer possible. The £3.25 million plus the £1 million loan will last 9 months, of which 6 months have already expired. I believe there is a plan in place that will result in Zink/Hartfield/Directors being the only beneficiaries from this chirade of Panamanian Companies and Franchise agreements. There is no company, bank or other lending institution in the world that would lend £ 1 million to a loss making, near bakrupt company at 8% unsecured. There must be another Agenda. Also, the likes of Tesco (on which some pin their hopes) would run a mile from the sort of counterparties EPO is now in bed with, which will also have a negative effect on all of EPO's business. As I said I will wait and add to short post 21st

Hey Zimmer Given your claim that your sole reason for posting to this board was to annoy people, I find it somewhat odd that you have also choosen to also post on EPO on the ADVN Boards.......odd that! Surely your objective would be far better served by seeking a more active board and boards covering different companies. Try some of the American Boards, they are full of the stuff that gets your rocks off and hopefully we will never see you again.

You just don't get it. EPO could have a relationship with the Pope, Obama, Winston Churchill and Frddie Flintoff and it would still not make money. After 10 years and $ 70 million I think the market has finally realised that the business model is broken and the management are a bunch of spivs. We have seen the RNS, the link is as you say with Mcashback who in turn is linked to Tesco's. At £3 a pop, Earthport's share would not cover its costs, that's why it is bankrupt. This is a huge scale model and EPO could not make that scale. Asd for Tesco,s longer term I would expect EPO to be jettisoned into Planet Anorak as it formulates its banking arm. Not sure Tesco would wish to be associated with a bunch of Cowboys from Panama.

Hey tommytucker, this guy really is something else.It truly is hilarious. In all his excitement he even managed to up his spelling and grammer mistakes to one in every five words. That's a good effort. I would hate him to loose his kindergarten teacher trainee status. I hope he found the post on financial metrics of use. Most plumbers and builders I know spend their money down the pub and most of the Polish builders have now gone home. He seems to thin they run dowen to Tesco's on a Friday night to send £100 home via Mcashback....this really is beyond hilarious. He really is a very sad case and if representative of the average EPO shareholder...no wonder it is such a basket case.

There are a large number of metrics derived from financial statement to effectively analyze the performance of the company. Below is an important list of commonly used financial metrics and their definitions: EBIT/EBITDA - Earnings before interest and taxes, and earnings before interest, taxes, depreciation, and amortization FCF - Free cash flow; the sum of operating cash flow, financing cash flow, and investment cash flow EPS - Earning per share; net earnings or profit divided by the total number of shares issued P/E Ratio - Price to earnings ratio; the price of one share of a company divided by its earnings per share Net Working Capital - Current assets minus current liabilities Debt Ratio - Total debt divided by total assets Debt/Equity Ratio - Total debt divided by shareholder equity Return on Assets (ROA) - Net earnings divided by total assets Return on Equity (ROE) - Net earnings divided by shareholders' equity Operating Margin - Operating earnings divided by total revenue EV/EBITDA - Enterprise value (price of the share times total shares issued) divided by EBITDA Knowing these financial metrics allows you to evaluate your business and compare it to others in the industry, which is a valuable tool used in raising capital from investors (such as a venture capital firm).

On the question of insolvecy please let me enlighten you. The accounts were qualified on a going concern basis ( amongst other qualifications) which means that the auditors could not conclude that the company would be able to meet its debts as they fell due. This situation was temporarily resolved by a £1 million rescue loan form an unnamed source on totally non commercial terms. Had the directors paid themselves the huge salaries in the intervening period, the company would have been insolvent and the liquidator would be able to claim back those payments as preferences. I know that this is all a little tricky for you to follow but please do try. As for financial metrics, I understand your confusion as the term does not appear in your Children's Dictionary but I am sure you can find an explanation elsewhere if you look hard enough.

Given your inordinate attention to other posters inconsequential spelling errors it is somewhat odd that your own posts seem to avergae at least one spelling or grammatical error for every 10 words written. I can only conclude that you must be employed as a trainee teachers assistant at the kindergarten level. I agree totally with Tommytucker's sentiments that you must be from Planet Anorak. As for your facts, just like your language, they are inacurate and misleading. Clearly you were not an attendee at the AGN as you claim. The Auditors Report covers the period from the Year End (30th June 2009) until the date that the Report is signed (20th October 2009), that period is known as the post balance sheet review period. I understand that this may all be a tad technical for a second rate kindergarten teacher but given the preliminary results disclosed a tie up with MCashback which is the link to Tesco's and a further 4 months ensued before the the Accounts were signed off it would seem to me that there was ample time and opportunity to highlight the Tesco situation, if it was of any substance. . Debt reduced further to £704,000 (2008: £1,101,000). Cash at the end of the year was £885,000. Transaction volume increased 51%. Opening of US office was key step in establishing leads and developing traction.

Thank you for the self serving, dillusional and childish summary of the AGM, at which, you were clearly not an attendee. Perhaps those former investors that have lost 80% of their investment in this company see shorting it as the best means to try and recover some of their money and I can't say that I blame them. As for Tesco, strange no RNS, no mention at AGM or note to the Accounts. Auditors happy......sure Salaries....under Company Law would be deemed as illegal prefeernces as company is insolvent. Price is low, hardly low, market cap is £20 million, no dividend yield, negative P/E, loss making, insolvent, negative net asset value,...infact every financial metric confirms this company as a complete basket case. If you think it is low now, sit back and watch it go to where it belongs...zero Now zMan, take your vitrionl elsewhere.

The cnovening of AGM's as I understand it is governed by Company Law and although I maybe incorrect, I thought the notice period was at least 7 days.

I would be very grateful if you could tell me a little about Zink. Background, directors, subscribing shareholders, where fund originate from............,that sort of thing......a general description would be great. No need to repaet the RNS, I think that has been covered. Thanks so much in advance

Neutral, what is the purpose of your post, we already know its contents, they were disclosed in the RNS. It is the most vague, unhelpful statement that one could wish for, partuclarly given Earthports precarious position. You simply confirm what I have said. ie the precise terms of the Franchise agreement have yet to be determined and signed des[pite the Franchisee agreeing to pay a non returnable fee.....yer sure, th eother one has bells on it. This is clearly not an arms length commercial transaction or it would not be conducted on this basis. The exact terms of any Franchise Agreement ( as you well know) are nornally available in advance of any money being transferred. I suspect that under this Franchise Agreement, that if Earthport acts in breach in any way of the Agreement that the Payment System will divest with Zink as the sole Franchisee. Why on earth would a company pay £3.25 million to a bankrupt company for a system a that has never made any money. Be warned shareholders, this all looks very shady .

You are right bigkhuna, very skilled management in destroying shareholder value. Harrison was at Cedar Group,.....shareholders wiped out there. I am still trying to understand the purpose of this chirade, because the one thing you can be sure about, is that these guys always operate with a purpose, and that purpose is to maximise what they trouser. I am thinking, Harfield & Zink involved in the £1 million unsecured loan at 7% (hardly commercial terms to a bankrupt company) which will net off nicely against £ 3.25 million Franchise Fee (if it ever arrives...and who knows on that one) leaving £ 2.25 million, which given the investment made in Earthports Payment Transfer System of tens of millions, would be a steel if it could be grabbed as a preferential creditor for just £ 2.25 million. We don't know the terms in the Franchise Agreement because they have not been agreed !!!!!!!!!!! Odd that.

Earthport Plc RNS 22nd December 2009 Earthport reluctantly announces that Zink Financial SA, out of the blue, have failed to stump up the cash. The cash was of course reliant upon a delivery of certain merchandise which was unfortunately intercepted on route. The Board hereby tenders its resignation and is most upset that the share price has been suspended at zero pence. The Board will of course endeavour to re-constitute the wonderful buisness model of the now defunct Earthport via the eastablishment of a new company to be named Hartfield Money Transfer Incorporated SA. Our Heartfelt condolences to all. Hopefully we will also be able to arrange some decent renumeration packages at the new company and without having to bear the constant moaning on BB's from the the old Earthport Shareholders who were a miserable lot.

I don't think that you could say about any business deal, few have the constituents of this one. 3 connected companies, 2 of which are Pananama based, one of which not yet trading and the other one connected to former disqualified and arrested directors. No wonder the auditors ran a mile......I attach a 1% probability of the money arriving with no strings arrached and that's probably too high. The whole thing is bizarre. It was hardly a warm welcome that you gave stebon, clearly you must be long again having luckily purchased at the bottom.

Poor old stebon, only posted once, suffered your wrath and had his post removed. How does a non trading company registered in Panama with a coming soon website find £ 3.25 million in cash to throw at Earthport.. I guess what goes in must come out. ? What a flying start for the new business model, what a result finding a franchiser willing to buy a failed system and so quickly and just in the nick of time. I really liked the RNS, first time I have ever seen a list of FAQ 10X longer than the announcement itself. I smell those rotten fish again

Reference to Earthport's recent RNS anouncement. Odd that the share would drop today on such fantastic news.......watch out....it's a sham. Top shorter Lucian Miers ( of 3DM fame) will explain why this announcement is almost worthless and so are Earthport's shares on ShareCrazy.com on Tuesday. To catch that information regis ter for free now by going