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.

RNS Number:9548H
Tadpole Technology PLC
28 January 2005


Tadpole Technology plc (the "Group")

Directorate Change


Mr Keith Bigsby has resigned as a Director today and will leave the Group on 31
January 2005 to pursue other interests. Mr Bigsby joined the Board as Finance
Director in September 2001. In March 2003, he was seconded to Endeavors
Technology, Inc. as Chief Executive Officer and conducted the negotiations
leading to the acquisition of StreamTheory, Inc. in October 2004.


Mr Steig Westerberg, Director and Chief Operating Officer of the Group's
Streaming Division and former Chief Executive Officer of StreamTheory, succeeds
Mr Bigsby as Chief Executive Officer of the Streaming Division.


Mr Paul Tibble, Divisional Chief Financial Officer of the Group's Geospatial
Solutions Division (Tadpole Cartesia) takes on the additional new role of Group
Financial Controller.



Mr Westerberg and Dr Mark Ketteman, Director and Chief Executive Officer of the
Group's Geospatial Solutions Division, will report to Mr David Lee, Executive
Chairman of the Group.

Are you going to continue to ramp this company moneylender?

ML
Just ignore oily.

Ollie/mackem

I think i might buy some more, such is my belief in software streaming.
Its the way of the future, it will stop piracy and reduce packaging costs.
Yes i will buy some more.

M

Nobody caught the late news today then.....

Tadpole Technology said pretax losses narrowed to 2.76m in the year to September 2004 from 9.57m the previous year, in line with expectations.

Sales on continuing operations rose to 4.8m from 3.6m, also meeting forecasts.

The 35% rise in turnover was attributed mainly to the success of the Geospatial Solutions division, which accounted for almost 90% of the value growth in turnover.

The loss per share narrowed to 1p from 4.3p.

(I must admit to having a few tucked away in the bottom drawer...)

Grey - yes, we probably all have to admit to holding some Tad. Luckily I downsized a few months ago but held on to a few in the hope that they would produce the goods eventually (now where have I heard that before?)

just found a little time to read the rns. 5MILLION? at this price that represents about another 75 MILLION SHARES.thats an awful lot to ask from the tad faithful. i wish id gone down the pub.

> superrod. Exactly and this will mean a huge amount of shares coming in to the market on a regular basis as per last time 250K chunks I believe.

short of some amazing news (which hasnt happened before) the price is capped until the overhang is gone - which will be two years.

rjs

Just like last time rjs?
Think you had better do some research and see what happened last time GEM was announced?

The sp went up on the announcement and then slowly went down as GEM "overhang" began.

pach
it went up for several months eventually hitting 32p a couple of months later.
GEM wasn't used for 4 months.

Yuff - agreed but you are not comparing like with like. The sp went up because there was an amazing shorters' squeeze after GEM when it became evident that Tad would have the cash to survive (and invest). This time round there is little evidence of shorting (pre-rns) so the effect will be much more mooted. Also, (i) we now know the effect of Gem drawdowns, (ii) the effect is magnified by the low sp which contributes to increased dilution.

Don't get me wrong, I really hope that Tad has some excellent news over the next few months that rallies the sp, thereby reducing the dilutive effect of Gem, and creates a virtuous circle. But I have waited rather a long time for that to happen!

pach
Fair point, I do remember the shorters squeeze, wonder who got shafted there.

Not me thankfully - but I doubt they got any sympathy from anyone either!

im a die hard tad fan, but this really takes the biscuit. the higher the price the less shares to be issued, but the bottom line is that GEM will sell into ANY rally and nick even MORE of our money.the lower the price the higher the dilution and the less likely a shareholder will ever get a return. i need to think hard ( but not too long ) about this.

ideally GEM will tip me off when they are about to sell so i can ride their shirt tails.

( wakes up screaming ).

So who's the new CEO?

Tadpole Technology Unit Secures New Contract



Edited Press Release


LONDON (Dow Jones)--Tadpole Technology said Tuesday that its subsidiary Endeavors Technology has executed an agreement with an OEM valued initially at $2.8 million, comprising licenses, royalties, support and maintenance services of the Endeavors AppExpress software-streaming platform.

The amount due during the current fiscal year ending Sep. 30, relating to licenses and support services, is $1.6 million.

An initial payment of $0.6 million has been received; $1.0 million is due in quarterly instalments at the end of March, June and September 2005.

The remaining balance of $1.2 million (of the total contract value of $2.8 million) relates primarily to minimum royalty payments and is due in quarterly instalments commencing December 2005 and ending December 2007.


(END) Dow Jones Newswires

February 01, 2005 04:10 ET (09:10 GMT)

Finally some good news - someone actually wants to give Tad some money. Let's hope the management play this correctly and do not draw upon Gem too much until the sp has recovered, preferably to 12p+.