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.

Has moneylender jumped off tower bridge?

have we got to be up early in the morning lol.

Well todays news was not what i expected!!
Obviously the road ahead is longer than i thought. The software is still
state of the art and is the way forward and will eventually prove its worth.

In the mean time its Ollie's round.

M

Who tipped you off that news would be bad moneylender?

Ollie

At this moment in time I wish i had listened to you.
But there again its only money.

M

A fool and his money:-)

Sorry to be cruel.But this thread is well worth a read in is entirety as a warning to all.DYOR Believe no-one.
Me Included

yet another shafting for the tad faithful.

Results today/tomorrow.

My assumption is, "yet another shafting for the tad faithful". After all, to expect anything more would be complete lunacy.

Moneylender, maut has gone missing. As you were talking to him regularly over on TMF, can you confirm that he was tipped off about KB going? After all it was mentioned by him during one of your discussion about TC. His disappearance has an eerie coincidence about it, don't you think?

Beau

Beau

I have no knowledge of KB going before yesterdays "news". Although after the announcement i think a few of the die hards will be calling for it. Right now i am not sure if i class myself in that category, ask me again Monday!

M

Rather strange, then, don't you think, that TT alluded to it on 19/1 only a week or so ago.

Beau

You know as well as I do that TT alludes to lots of things that
dont always happen!!

I understand that KB wanted to keep Greg and fought for him staying, make of that what you will!!

M

Does anyone know whether the GEM deal requires any further approval or can it start straight away - if the latter then it may well have already started having looked at the trades this afternoon.