Someone just bought 294,000 Tad shares - are they mad?

Yes.

Thanks Yuff - you have confirmed my suspicions - just checking that I have all my marbles.

anyone else have problems accessing iii.

Working fine for me, yuff.

M

ML

It's ok for me now!

tho out of tads i still have a soft spot for the little perishers. cant recall ever seeing a worse chart, but still hope they can pull something out of the bag for loyal followers before the inevitable happens.

the sooner someone shoots this dog and puts it out of its misery the better imo

Dil: But Martini's depending on these for his old age . . . please, some respect!

ML
Sent you an e-mail a few days ago, are you still on IM.

some big buys today ( relatively speaking ). summat must be up, otherwise why give an mm the odd grand or two? a BIG % rise required to get in profit, then manage to get out before GEM get in.

MM , it was Martini I was talking about :-)

:))

t/o trebled
losses reduced 75%
Things looking better at tadpole.

read the report........looks promising but WHERE are the punters?

Graham Hind's available if they need a new CEO.

super
its after 3pm on a bank holiday w/end.
If this gets some coverage over the w/end will look ok tues morning.

Tanking at present - not helped by admission that further GEM drawdowns are accepted as being inevitable. Slightly surprised (although with TAD nothing should surprise us).

Streaming Adobe??

https://streaming2.endeavors.com/appx/index.htm

M

Below is a Report on AGM by Rodrod off another Board. I am sure he wont mind me reprinting it here.

M

My take on the AGM after a long train ride and a very long day. If you were at the meeting then please comment as to whether or not you think that it is roughly accurate. If you were not there then you should have been!

The revolution or takeover never got off the ground. I assume that those who were backing Bigsby changed their minds. Bigsby as at the meeting place but not TC. Bigsby departed when he realised that he had no backing even before the meeting. You can work out why he wanted back in. Apparently one well known shareholder had pictures of Bigsby etc enjoying fabulous entertainment at our expense including helicopter rides etc. This seems to have been the point at which he decided any attempt to storm the AGM was a waste of time.

Over 50 people were in attendance in addition to the Board. John Dilts, Steig, Lee and Ketterman plus the Co Sec.

Q & A were taken before the actual meeting itself because of the background to the meeting.
The timing of the AGM was deliberate in that they intended to have the interims out beforehand.
Patcom sacked by the whole Board and given 1 weeks notice but paid for 2 months as a favour for long service even though there was no contract in place.
Bigsby and Caplin both resigned without any compensation being paid.
Nildes asked lots of question on behalf of another BB interspersed with other questions.
GEM Board well aware of the impact but to run the risk of running out of cash was not good practice and far more damaging to Tad than GEM is. GEM is not expensive regarding other forms of raising cash. The fees for the ST deal were very expensive. Recent cash problem caused by the Softbank change of timing of payments.
STEIG said he had been seeing changes delivered in the Streaming division. This meant staff being removed and new ones hired. The result is a more efficient set up with a lower budget. David Rand was not prepared to move to Irvine, hence he left. He is happy we have the right people but is adding to the management team.
Recent history could not be commented upon due to legal advice given to Board but inference was that legal action may ensure against one or more former Tad staff. DL said he risked being called evasive but he had to follow the legal advice given.
STEIG said because of Confi Agreements it was impossible to comment on specific contracts as such. The goal was to maximise sals and that there is now a new vision and chnages in how products are sold with less emphasis on service and more on pure product sales. Only Steig can agree to deals that are outside of the price formula set down. Sales cycle being shortened. In the future we do not realy want to be hosting services but instead be selling product and offering a second line support service.
STEIG says that the recent trend seen recorded in the interims will follow on the back of the new strategy that is being delivered.
MCI MS EDS Autodesk etc all still live but dont expect the history of the deals (no sales!) to continue in the future. Chello is producing sales. Macrovision deal to be renewed by STEIG.
STEIG said he has 31 staff with overall Tad having 100.
DL said that there have been no takeover talks with anyone re Tad. There have been talks with several parties regarding investing funds into Tad. (MY guess is that there is a chance of a deal with a strategic partner bringing in investment money.)
DILTS working hard to bring proposals to the Board from investors or institutions and speaking to potential people daily.
MAGI basically it is not on the agenda for having more money thrown at it as it cant be sold at a profit as such. Steig said investing on patents where maximum profits can be obtained. Not cost effective to pursue some Magi patents.
Bolcer departure was work of Bigsby following Board instruction to cut costs.
Steig said that old management should be held responsible for things that went wrong. As for the future, we are poised for growth.
DL said not hiding from the past and in due course you will get the facts.
DL and Steig made it clear that they had spent an incredible amount of time on recent problems and that had delayed progress.
DL We have a strong future I believe that we will achieve our plans
DL Board is happy with EVO. Lots of criticism made of them. All advisors always under review. Steig was not happy with EVO!
DL revenue growth will strong and is there but it will be lumpy. It is not an established business and therefore difficilt to forecast beyond this.
DL I am confident in the future.
Stream deal cost a lot more in fees because of Listing Rules and this delayed the papers and substantially increased costs. All this was to do with a bland statement by Tad regarding future expectations. Therefore now it is hard to make forward predications formally.
DL comments in the Stream acquisition document all still apply regarding the aim to be the leading player and to be the industry standard etc.
GEO Spatial doing well. Less reliance now on OS deal with other growth expected from North America but also in other geographic areas. Lots of contract opportunities. GEO not at its peak at all and no plans to sell it. Timing would be wrong as bringing in cash and profits.
DL streaming is an immense market and our patents very strong. If you exclude goodwill being written off then you can see profits. Goodwill is not cash.
DL very confident that shareholders can look forwards to profits in a short time space.
Dl said he was to blame for not having new Non Execs on Board. Busy sorting out the problems with Tad first and wanted Interims to sell tad to new people. He has 29 CVs to chhose from with Non Exec for remuneration committee and one for Audit committee. Expect announcements in 2 months.
Softbank deal there is no clause regarding changing the terms in light of Softbank delaying payments. No warranties re cash in first year.
DL agreed to Bigsby pay rise on basis that he took on further role than was previously envisaged.
Steig was given some hard questions about his pay. He was not apparently happy at having to move his family etc in the light of having to take over from Bigsby and reorganise his life as well as Streaming division. Compare his roll as in acquisition document to what it is now.
DL I will never ask for a pay rise.
Steig has appointed an experienced VP of marketing who is experienced with customers and investors. No plans to replace Patcom as such.
Too much time spent prospecting for leads in the past and now looking to have more hot leads as a result of strategy.
There is no legal action against Tad from former Board members but some past employees in the States have taken action but Steig confident of defending them.
Heart of Tad is now in USA. Nasdaq listing unlikely because of costs and regulations.
Steig will not have any dead wood, we have gone through a very difficult time, etc.
We are going places as per the interims.
All the resolutions were passed without much debate really.
Board very keen on seeing the SP rise on the back of profits.
GEM not sold all of the shares they were recently issued with. They are long like the rest of us!
MS not a problem but it is strategic deal with not many people buying software that way with MS. Srtreets and Trips went well andallocation used up which is why ot was withdrawn. The good news is that MS have endorsed the product by using it themselves. One day, MS to become a licensee but thats a wish only.
John Dilts is buying shares in Tad and DL to also be buying more.

OVERALL I was very happy with the meeting. No hype. Honest comments. Old guard seen off without even a fight. The new Board are delivering already and proud of it. Lots to do but tad still alive and kicking and looking good. I like the new Board. Dilts seems to be the business and Steig definitely looks the part and am confident of good news building up over the next few months. No winks or back slapping - a real feel that we were all together wehereas in the past it felt like us and them to me!

AOL - no comment by Steig. wait and see IMO.

ROD