olie

put your specs on.

i said STOCK MARKET DARLING.

( all shares are stockbroker darlings, because they EARN from them)

er yes super I know that,but we obviouslyb dealt with a totally different sort of stockbroker, any time I mentioned TAD to the four I used "yuuckk" was the word, darling didn`t come into it---however as a trading share via "without advice" brokers it had some pull.

There is a very funny book named "The timewasters letters", a compendium of letters sent tongue in cheek to companies, e.g. a letter to The Aerial photographic
Llibrary,offering them thousands of photos of aerials, incl.TV,MOD Transmitters, Post Office Tower etc.The return letter corrects him, its aerial photographs not aerial photographs,i.e. photographs from the air.
Nonplussed our hero says , no probs I have loads of aerial photographs ( from the air) of aerials, Mr Jones next door , the Montefiore aerial in Somerset, Hull, London, my helicopter is seldom non-aerial.

I think Tadpole Technology must feel a bit like the recipients of time wasting letters from the Cardies, I can see them now binning the latest batch of demands for an "Emergency Meeting", as they work out there latest bonus, and fill in their expenses sheets.
I expect the consensus of the board, must be--
" if a bunch of loonies, who have allowed us to shaft them for 20 years, have no idea of Company Law, have held onto shares now worth 3% of their top value.Who still buy ("top-up") now and then, think they can run the company better than we ,we who have individually pocketed $$$millions in that 20 years as " "management", do give over.
The present incumbents are masters, the Cardies their slaves.

DOWN AGAIN????

Yuff come to the rescue.

Seems the cardies are all mixed up now, the "Emergency", is now forgotten in favour of a Ruby, what a GEM.
I warned you months back what large cos. do to tiddlers with cash flow problems- they withold cash until the tiddler takes a pittance, and who would like to sue Softbank now that they too are having problems?.I expect the Chief Cardie will arrange for an Emergency there as well, it would be no less successful than the TAD one- again I told you it would never happen.
What a bunch, all ego and sabre -rattling
Down again as CareySt. looms.
Where is Yuff when they need him so badly?

ROFLOL!!!!!!!!!!

Are my eyes deceiving me - it's up !!! And on a day like today. Has there been any leaked news?

yep, the mm`s bosses have leaked the news that they `aint getting much turnover, so they fiddled around with the spread a bit.
It was a blinding 30% earlier on, it has been adjusted to merely an eye-watering 15%

lol

You are just a spoil-sport Blinger. Give me my 10 minutes of fun, I have earned the right (well, I have certainly paid for it)

lol pach, I admire a bloke who copes with failure so well- I bgt. Yorks Group some years back- just claimed the 5k loss on my tax-return, they are "of negligible value",as the IR so eloquently put it, stop losses ?moi?

lol@ we the downtrodden.

Come in yuff, the Cardies need your Company Law advice, hello guru, your brainpower is sadly missing, come in Moneylender they need a fewm,

ROFLOL@THE BRAIN-DEAD.

Disposal

RNS Number:5405X
Tadpole Technology PLC
27 January 2006


Tadpole Technology plc ("Tadpole" or "the Company")

Proposed sale of majority interest in the Streaming Division
and issue of a $1.5 million convertible Note

On the 2nd December 2005 the board advised the shareholders of continuing
discussions aimed towards resolving its differences and today announces the
outcome of those discussions.

The Streaming Division continues to incur losses and requires further funding to
support its current trading activities and future business plans. The Board has
carefully considered whether it is in the best interests of shareholders to bear
the entire risk of the necessary additional investment, given the uncertainty of
the timing and value of potential rewards. The Board has concluded that the
Company, as a small UK plc with limited financial resources, is not the most
appropriate vehicle to lead this investment role. Accordingly, the Board has
decided to sell a majority interest in the Streaming Division and has in
principle, subject to certain conditions, agreed to a three stage proposal with
DivestCap Management Corporation ("the Investor"), a New York - based private
equity firm that specialises in funding and growing software divestitures. If
all three stages are consummated Tadpole will have divested 80% of its Streaming
Division (comprising StreamTheory, Inc. and Endeavors Technology, Inc.) for a
cash consideration of $12.0 million, before expenses, retaining an equity
investment of 20%.

For the financial year ended September 2005 the Streaming Division incurred an
operating loss of #8.9m (a loss of #1.1m before goodwill amortisation and
impairment). The assets attributable to this division at the year end were #1.4m
gross and net liabilities (including deferred revenues) of #1.0m net.

The Company has signed, on 26 January 2006, definitive legal documents for Stage
1 and non-binding term sheets for Stages 2 and 3. Stages 2 and 3 are subject to
conditions including Investor approval, satisfactory additional due diligence,
definitive legal documentation and Tadpole shareholder approval. Under the Stage
1 agreement, described further below, the Company has issued a convertible note
("the Note") for $1.5 million which is convertible at the option of the Investor
into 49% of the share capital of StreamTheory, Inc. and a call right to purchase
21% of the share capital of Endeavors Technology Inc upon the occurrence of
certain events including consummation of Stage 3. The Stage 2 term sheet
proposes that the Investor would acquire 31% of the fully diluted share capital
of StreamTheory, Inc. for $3.5 million in cash and conditioned upon completing
the Stage 3 transaction. The Stage 3 term sheet proposes that the Investor would
acquire 59% of the fully diluted share capital of Endeavors Technology, Inc. for
$7.0 million in cash.

Following completion of Stages 2 and 3,, and the exercise of the conversion
options referred to in Stage 1 above, the Investor would own 80% of the
Streaming Division.

The Note, which is secured against all the assets of the Company, has detachable
warrants ("the Warrants") and carries interest at Wall Street Journal Prime plus
2% per annum set and payable on a calendar quarter basis. The Note is repayable
12 months after issue with the option, if the Investor elects, to extend the
maturity by an additional 12 months. The principal amount of the Note is
convertible as described above, in whole or in part, at the option of the
Investor.

The Warrants entitle the Investor to purchase up to 17 million ordinary shares
("the Warrant Shares") of the Company at a price of #0.01 per share. The
Warrants are subject to full anti-dilution protection and are exercisable at any
time, in whole or in part, for a period of 5 years from the 26th January 2006.

Further updates on the progress of the transactions will be provided as
appropriate.



This information is provided by RNS
The company news service from the London Stock Exchange

So the 'Stream Dream' dies. In truth, it was always a nightmare.

Well, well, well. Another 12 mill to play with - this saga could continue for ages. It seems a good idea to get rid of Stream (whilst maintaining a minority shareholding). It's never dull being a Tad holder !

does make the results later today seem more interesting if you take out SD losses.
If GSD manages a couple of million profit and lets say a p/e of 15 that means the valuation should be in the regiong of 35m more than double the current sp.

initial results out, disappointing GSD increased t/o but profits droped to 700k.
At least MK will have some cash to spend or tad could always do a share buy back with the 7m.

Results disappointing as ever - now let's see how they spend the money (preferably not on inflated salaries).

Tadpole to sell up to 80 pct stake in Streaming ops for max 12 mln usd UPDATE
AFX


(Adds full-year results)

LONDON (AFX) - Tadpole Technology PLC is to sell up to an 80 pct stake in its loss-making Streaming Division to a US private equity firm after concluding it did not have the resources to develop the unit itself.

Tadpole has in principle, subject to certain conditions, agreed to a three stage proposal with DivestCap Management Corp, which specialises in funding and growing software divestitures.

If all three stages are completed, Tadpole will have divested 80 pct of its Streaming Division, comprising StreamTheory and Endeavors Technology, for 12.0 mln usd cash.

Under the Stage 1 agreement Tadpole has issued a convertible note for 1.5 mln usd which is convertible at the option of the DivestCap into 49 pct of the share capital of StreamTheory and a call right to purchase 21 pct of the share capital of Endeavors Technology upon the occurrence of certain events including consummation of Stage 3.

Separately, Tadpole said it narrowed its operating loss before amortisation of goodwill in the year to Sept 30, 2005 to 0.8 mln stg from 2.9 mln.

Sales grew 89 pct to 9.1 mln stg.

However, following a non-cash impairment charge of 6.7 mln stg for a reduction in the carrying value of goodwill, pretax losses widened to 9.2 mln stg from 2.8 mln.

newsdesk@afxnews.com

Brilliant play from the mm`s , suckered a load more in- then dropped the price, dreadful losses, dreadful spread, dreadful future, and yuffer calls for another Emergency General- erm- anaesthetic, to remove his nut from his butt.

Cardies all round

ROTFLMFAO!!!!

I fear you are spot on bling.

SP doesn't even pass the Oct SP when SW called his EGM.

The MM's are class masters and will probably suck another load of mugs in.

Everyone seems delighted. The board will be even more delighted. Hey ho.

Beggars belief.

One lives and learns. Guess it is time to bow out. Its been a pleasure.

Beau

I have no pleasure seeing your plight Beau, you had a go and it didn`t work out, thats investing,.eg. I cashed some Etam (French) shares just before Chrimbo, looked them up today in my Financial Times on-line Portfolio ( don`t know if you use it but its a belter, all world shares virt. covered- free registry) UP +35% a couple of days after I sold, what a world- shafted -lol!!!
Check out GLE on a long shot (T+25 then maybe a roll-over), they are being stalked, around 4 is on the table, they are fighting - could be fun to 4.50???- who knows,

best wishes.