Pach.

Thanks for the response.

Nice to see a few buys this morning

Cheers
Amar

Would the current/recent personnel and probable strategy changes need to be put into the results announcement, or could they simply detail the strategic thinking behind them (excuse the assumption) at the AGM?

The staff changes to date have already been announced, albeit by somewhat unusual means.

Noteworthy that the share price has been unable to break up through the 50 day EMA which, like the 200 day EMA, is still heading South.

Indie

Indie - its a shame that "heading South" has such negative connotations. Its so much more relaxed in the Med, and the sun warms my old bones. Unfortunately you are right to be cynical - Tad management seems to completely ignore its loyal army of retail shareholders. Perhaps they are yet to work out their future strategy with Stream - ie merge first and then work out the benefits before the next AGM. The lack of newsflow for a share such as Tad is quite unbelievable. Still, perhaps Evershed of New Star will be correct when saying that the IT software sub-sector should outperform the market this year - although that does not mean all constituents manage to do that.

http://www.microsoft.com/products/imaging/default.mspx

Still a few more to come I think.


M

PACH,

I hope you're wrong about the 'work out the benefits before the next AGM' bit. That would suggest they didn't know exactly why they agreed a merger with Stream before they actually did it. Even for Tadpole, that's a stretch.

The lack of newsflow from Tadpole is the opposite of unbelievable; it's only too believable unfortunately. Apparently more companies issued profit warnings last year than in 2003 and the trend is expected to continue. Software suppliers will have the opportunity to benefit this year if they can demonstrate their ability to save their clients money and hence improve their bottom lines. Tadpole should be in the forefront on this. If they can't make it this year, maybe they never will.

ML
It looks like oily is a bit embarrassed about being caught out with the 150001 sell 4 mins after the first lot os 250k's at 9.75p went through, over on advfn.
He is obviously happy to have been spooked into selling by what he thought wre legitimate sells onlt to see the share price rise soon after.
Oh well couldn't happen to a nicer chap, wonder if we'll see his friend mackem appear?

Indie - my first comment was made "tongue in cheek". Your second comment is spot on - although I would delete "maybe" in your last sentence.

Greetings to all Tad holders.

Any of you use / operate charts?

And if so ....... any interpretations offered on Tadpole.

Cheers
Amar

Pach,

I assumed your tongue was in Bill Clinton mode, but the thought was worth considering nevertheless.

Amar,

I use charts. The current picture from the charts is exactly what anyone would expect-indecision. The price is hovering just above long term support and volumes are low. The 50 and 200day EMAs are good indicators of medium and long term trends. Both are heading downward (bad) and are above the current share price (also bad). Note how the 50 day EMA seems to be resistance to upward movement. Theoretically, the EMAs could squeeze downward to meet the long term support, but it is more likely that the price will break out well before that happens.

Most secondary indicators are limited in use when the price has moved so little and in such an aimless way over the last few weeks. As an example, 14day RSI is over 50 currently, but any significant one day movement in price could move it considerably.

Deleted - the question I posed was answered elsewhere. Not Tad-related.

.

Greetings to Tad holders.
Why so quiet on this thread?

Trading in a very tight range of late........ the suspense is grinding.
Would love to see it close above 50 day MA and then break through the 200 Day.

Good luck all
Amar

It's quiet because there is nothing to talk about. We are all waiting for the next trading statement/results, although this morning's little blip might suggest that some want to get in before then.

Im starting to get a bit fed up with TAD as there has been no news for ages. They seem to have a lot of potential so what are they doing? Knowing my luck though as soon as I sell they will shoot up so I will keep my holdings for a while longer.

Hi Simon.

I'm in the same camp as you. Yaaaaaaawn!

Still it's nice to have your company.

Here's hoping for some positive news.

Cheers
Amar

We have news -and not very positive.




Tadpole Technology PLC
26 January 2005



Tadpole Technology plc (the 'Group' or the 'Company')

Equity Line of Credit


The Board has recently concluded a review of the cash requirements of the Group
following completion of the first quarter's trading and the integration of
StreamTheory, Inc. into the Streaming Division. The Board has been encouraged by
the progress made to date with the integration and by the prospects for the
Streaming Division. However, the Group and Softbank have recently agreed to
revise the timing of Softbank's sales orders such that $4.5 million has now been
re-scheduled for billing over a longer period ending December 2005. In addition,
further sales of Endeavors' software products in the first quarter of the
current fiscal year have been slower than expected.

In response to these events, the Board has prepared revised working capital
forecasts for the Group and has concluded that, despite already making
significant cost savings from the merger of Endeavors Technology Inc. and
StreamTheory Inc., the Group requires additional cash resources. The alternative
would be to make even deeper cost cuts in the Streaming Division which, in the
view of the Board, would potentially damage its expected growth. The Board
remains confident in the prospects for software streaming and therefore does not
propose to take this alternative course of action.

Accordingly, the Company today announces that it has entered into an agreement
with GEM Global Yield Fund Limited ('GEM') whereby GEM has agreed to make
available an equity line of credit of up to 5 million which, subject to certain
restrictions referred to below, can be drawn down at times of the Company's
choosing, by the Company issuing Ordinary shares to GEM in return for cash. The
facility is available for a period of two years from the agreement date or until
5 million in aggregate has been drawn down, if earlier.

Under the terms of the agreement, the Company may issue a Subscription Notice
('Notice') to GEM requesting GEM to subscribe for a number of shares subject to
a maximum of 300% of the average daily trading volume in the 15 trading days
immediately preceding the date of the Notice. The price paid by GEM for such
shares will be equal to 90% of the average closing bid price of the shares over
the 15 trading days following the issue of the Notice.

Currently the Directors have authority, granted at the annual general meeting on
24 February 2004, to issue up to 26,976,126 shares for cash on a non pre-emptive
basis, being 7.15% of the current issued share capital. At a price equal to 90%
of yesterday's closing bid price, this is equivalent to an aggregate draw down
of approximately 2.2 million. Therefore, the Directors are unlikely to be able
to draw down the full amount of the facility without seeking further shareholder
approval.

On 28 January 2005, the Company will issue its preliminary statement of results
for the year ended 30 September 2004. The Listing Particulars published on 24
September 2004 contained a statement that 'for the fiscal year to 30 September
2004, the Directors anticipate that the Group will record revenues of not less
than 4,700,000 and a loss before tax of not more than 3,200,000.' The Board
confirms that the Group's revenues and loss before tax that will be reported in
the preliminary statement are in line with these expectations.


26 January 2005

Got some news ... not what we wanted.

Got myself burnt on this one.

C'est la vie!

I can't believe the reaction of the s.p.

Cheers
Amar

I can't believe the reaction of the s.p.

"All hope gone, the deal we thought would save us is going pear-shaped, let's issue a cash call". For some reason the share price has plummeted!

Only surprise to me is that it's only 30% so far (and currently seems to be dead-cat-bouncing). Wouldn't be at all surprised to see &lt5p over the next few days

Looks like shorters are having and will have a field day. GEM is a last ditch resort for most companies and this is the second time they have had to resort to this method of financing.