Snappy

True I would have lost that bet.
As for me i wanted to go but business commitments here did not allow.
But it went the way i thought with out me.

M

M I see that your good friend the chair shaker has been suggesting that people working for the company have been spreading rumours on bb's

1. Have you any views on this?

2. Do you work for Tadpole or it's subsidiary companies?

Snappy

If you are going to accuse me of something, then do your homework properly!

Firstly, I do not have a good friend called the chair shaker.
Secondly, I have never said that or idicated that I think any Co employee has ever posted on the BB.
Thirdly, I have no connection to TAD other than a long term investor.

Any other mud you want to sling?

M

Report produced by Nick Overton off 3i's


Beforehand there was a lengthy question and answer session, which covered topics including:

1. 675k legal cost of acquisition not included in loss of 3.2m.
2. All existing tie ups, save for Centia, were considered to be productive (meaning revenue already or revenue anticipated at some point).
3. Microsoft arrangements have not gone live yet, although close to being up and running. When each title is released for trial via this method, this will be announced. Initial deal covers a finite period and is for US only.
4. Tadpole shares are apparently traded over the counter in the US, although this has nothing to do with the company.
5. PR issues were raised and David Lee referred to the tremendous "researcheability" of the shareholders in discovering things - e.g. adobe pilot.
6. Requirements of the UKLA at the last minute to include a formal forecast, led to significant delays in production of acquisition documents.
7. The Directors have as a priority, the desire to get institutions on board, but timing is key and need to ensure credibility re-established first.
8. Mr Westerberg was asked to address the meeting on why he wanted to join Tadpole and, in my opinion, he came across very well - he created this type of technology and ST held the first patents which they were confident would provide the opportunity to drive through the new technology - good synergies between companies - although he was games focussed, he saw opportunities at enterprise level for the technology - culturally compatible - confirmed he was a very sales focussed individual. He comes across as quietly (for an American) confident.
9. All agreed that the technology was too early at first - but broadband had helped change that now, providing significant opportunity.
10. Average lead times for ST deals 6 to 9 months.
11. Tadpole indicated that it was not a defensive acquisition for patent reasons, and that they had oral confirmation that there were no infringements. Although SW did say that this was likely to be irrelevant hopefully!).
12. SW confirmed the only continent they were not currently talking to people in was Africa.
13. The transaction was complicated by the need to ensure that tax liabilities across the group could be minimised in light of past losses.
14. THERE IS NO CURRENT OVERDRAFT FACILITY.
15. No plans for a share consolidation.
16. KB is "happy" with MCI!
17. Brokers have been encouraged not to produce forecasts as these, as far as endeavours are concerned, are extremely difficult in view of the infancy of the technology.
18. No plans for a NASDAQ listing and David Lee would resign if it happened, due to regulatory requirements and costs of compliance.
19. Board seemed open to a name change if necessary.
20. The US$250k loan was a working capital advance.
21. Reduced share price means the actual cost of the ST investment is lower.

I am sure others will provide further information/commentary later.

Enjoy

Nick

Just wanted to establish a few facts M for the collection of articles and posts from various bbs that I will be sending to market.abuse@fsa.gov.uk

Pleased to see that there were said to be no reasons to do with patents for the merger.

Snappy

Get real!

M

it's your chance to come clean M!

Like i said earlier, Do you homework first!

M

snappy
apart from being unable to attend the meeting, i wouldnt have gone anyway. the result was a foregone conclusion, plus i would have been extremely miffed had i attended to come back and see the price action.useful to some/many but not me as my present holding is 11.59p average, as opposed to my previous holding which was 8.6p

Superrod
If you had attended the EGM I think you weould have come away very impressed woth the progress tad and Stream are making, the synergies are excellent and the next year should be very productive.
The company is in a much better position than Jan earlier this year when the share price was 25p and the enlarged company is coming to sales & marketing at the perfect time as braodband take up is accelerating very quickly.
Piracy is becoming a huge issue especially in the Far East for enterprise and consumer markets and there is currently only one company who can now address both these issues.

thanks yuff ( im a natural cynic when it comes to meetings of any kind )

All the sellers are getting 11.9p
Short of stock comes to mind.

M

Indie - I was wondering whether you consider that the 11.5p resistance level has been well and truly breached?

pa,

It's beginning to look like it, but we've seen that its influence extends well above and below that actual level. It broke out past 11.5p to rise to ca. 13p but still fell back to the lower part of that S/R level, forming and breaking downward from a small triangle in the process. The triangle should be a dead letter in terms of influence by now.

I'm looking for a further move to confirm the upward break, and on increased volume. Remember that mine is a medium/long term risk-averse stance, so I'm not disagreeing with anyone with a different stance who thinks otherwise.

To add to the previous post-

A look at Bigcharts using Price/Vol bars shows that the clear S/R which used to be evident around 11-11.5p shows as being spread equally between 11 and 12p on the 6 month chart. On the 3 month chart, however, the picture looks different and this should be the main influence now.

It looks to me as though the S/R level is generated by the apexes (apices?)of the 2 triangles in that period and that both are now offering support. Although there are no overt signals (secondary indicators not looked at) yet, the picture is beginning to look more positive and there is even the possibility of a significant move shortly.

Nice selection of titles here, all streamed by Stream Theory(TAD)
Not into games myself but it looks like its accelerating (exciting) business!

Future development will be streaming LAN infrastructures, improvement in OS implementation and providing streaming trialware.

M

http://gamezone.nl.chello.gamer.nl/

Cheers Indie.

http://keiretsunews.com/issue200410/stream_theory.html

Stream Theory, Inc.

http://www.streamtheory.com/

We are pleased to announce that one of Keiretsu Forum's portfolio companies, Stream Theory, Inc., is being acquired this month by UK-based Tadpole Technology at a valuation of US$25 million dollars.

Tadpole is a publicly traded company on the London stock exchange. The deal is scheduled to close within a few weeks and includes a follow on earn-out provision in for the benefit of existing shareholders which could bring the total value of the acquisition to as much as US$175 million over the next two years.

More...

M

Taken from Yahoo

MEDIUM TERM COMMENTARY
Medium term price trend Tadpole Tech change from bearish to bullish this week. This market keeps a relative behavior lower -16.96 than FTSE 100 INDEX. Volatility has been decreasing during last month. Be alert to the proximity of resistance 12.25, and a possible retracement from this level