A real slap in the face under the heading Going Concern in the Prelim. Results is---

Going Concern
Blah blah etc. etc,------
"In the event that Stages 2 and 3 are not completed by the end of March 2006, the Directors will take urgent steps to obtain alternative sources of finance or
purchasers of the Streaming Division."
------
What the hell that means in English goodness knows, however in `Tadese`language,it`s spelled out- the old rule applies, when short of money ( and they will be), get a cash call out-GEM there you go- and also the results are not audited yet- what a pile of doo!!
Of course they had to engender a bit of a price rise to be able to even talk to GEM,
that is where the old mm`s are useful-lol!!!

Cheers Bling, shall check the FT on line.

How did you get on with Creo by the way because it was a strange one? I seem to remember it was jumping around bigtime. I watched it for a few days after you mentioned it and I seem to remember there were a few positive days, so you probably did ok.

Tad....spit.....yes, riddled with bullsh!t, confusion, caveats....what it means is...the shaft mate and it boggles my mind that some say what a great deal it is. Been a very interesting time, learnt bundles and met some decent guys out there. Worth every penny and wrote mine off anyway last January after the monstrous Gem debacle. I just hope some of the guys losing heavy get some reward, but I have little faith and see little prospect of that. Bagged a nice lump on HBOS and now only showing losses on Tad and MNT which were always risky. You win some and you lose some. But better than breaking even overall so not all doom and gloom.

Be lucky.

Beau

cant believe this is still going after all these years!

stay with mnt if you can beau......been hearing the odd rumour ( YES i know they abound ).

Cheers super

It's been a rocky ride so hope you are right. Don't actually require too much to hit my avge, so ever hopeful.

Beau

aye beau, creo was alright for a punt, got bored with it after a while.
I am getting bored too much these days, and have decided to go ` self-build`, actively looking for a plot,to downsize, Tetbury way, they are like hens teeth, but share punting has lost its allure, and my sprogs are gone- well nearly, they keep re-appearing
I had a clear out of old crap, to crystalise some CGT losses from the `crash` of 2001,you know the sort of thing Marconi, Telewest,Brit.Energy etc.- you think TAD board are shafters??, my god the things these fat cat twats get away with,

g`luck anyway.

Are they finally worth a punt if they dont do anything else stupid ?

ravey
Not until all this is sorted out.
I am inclined to think shareholders should hold out for 40% of streaming rather than go with this deal, after all until SW got involved ETI WAS making good progress.

lol gravy- the only punt this lot are worth is one which is cast off into the River Cam, without a pole and then sunk with all the board on- board.
And the biggest lol of all yuffer STILL thinks its a going concern,and will be " sorted out" some people never listen.

1 No EGM
2.No sackings of any board member
3.A further share dilution inevitable
4.Stig laughing all the way to the bank
5.A NED with half a dozen salaries.

and what do the Cardies do, start another Q&A session for their delictation- oh and on aye-aye-aye, they still are demanding that the board be sacked, what a bunch of nanas

I see the Chief Cardie boasting that there may be $10m dollars after the latest sell out -IF - it ever arrives, there is however a major problem, they are burning cash at the rate of $14m a year, the $10m equates to about <2p share roughly, and THAT is what keeps the price from dropping to zero.
As the cash burns so does the share price- there goes another dollop today-DOWN
4%.
What a bunch.

Hi No1 and Yuff.

Surely the management will not squander another chance to get this awful
company into profit.

Ok i will set 2.75p offer as a buying in price if i get lucky.

Actually had no idea it was only 3p offer now so i'll go for 2.5p offer
instead, last time i looked it was 3.75p offer.

gravy- try 0.1111p

g`luck!
Uno!

The questions that need answering, in my view, are as follows:
1. How far have operational costs incurred in the period 1.6.04 - 1.6.05 been cut? 2. What is the current cash burn (not to be confused with the constant write-down in asset prices which have no real meaning),
3. IF the current deal goes through, what investment will this private equity firm put in that might lead to Tad's 20% holding ending with a small yearly profit?
4. How will the $12m be invested in current Tad operations.
Until these uncertainties are resolved the sp will stagnate.

ravey

If you haven't bought already might be better to wait until the current proposal becomes clearer ie if it does go through do Tadpole have to match the investment of Divest Capital.
Also once streaming goes there goes all the potential of a growth company.
The board have been naive in getting involved with SW and he has got the SD for a song if shareholders vote for the deal, personally I would rather close the SD division down and sack SW and let him sue Tadpole, it loses us $12m but thats only 1.5p on the sp and it might get SW back to the negotiating table if he thought he might lose his lifes work.

The title of this thread "Tadpole , Microsoft/ Hewlett Packard Alliance." (sic) seems strangely remote from whatever's left of Tadpole actually does. There never was a Tadpole , Microsoft/ Hewlett Packard Alliance. There never will be.

Time to give up on this thread?

Perhaps ML could change the title - or does he currently reside in a debtors' prison?

Can't believe this company is still going, chart looks like the priest may be needed anytime soon!!!

I see that today there was an announcement that all 8 main providers have agreed on a uniform technical standard for instant messaging. Probably not relevant to Tad - but if it is then "just another nail in the coffin".

I see blinger has finally thrown the towel in @13.30pm today, what will he invest his cash in now, it won't go far on Jack Daniels.

LOL