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Warthog Looking to the future !!! (WHOG)     

SueHelen - 23 Dec 2003 17:29

http://www.warthog.co.uk
Daily Execution Price and Volume
big.chart?symb=uk%3Awhog&ma=None&maval=9big.chart?symb=uk%3Awhog&ma=None&maval=9big.chart?symb=uk%3Awhog&ma=1&maval=10&ubig.chart?symb=uk%3Awhog&ma=1&maval=50&ubig.chart?symb=uk%3Awhog&ma=1&maval=200&
Major Shareholders
( 4 Nov 04) 367.48m 1p Ords - Evo Noms Ltd 9.12%, Broughton Ltd 8.16%, Chase Nominees Ltd 4.76%, Barclayshare Noms Ltd 4.71%, Goldman Sachs Secs (Noms) 4.18%, HSBC Global Cust Noms (UK) 3.81%, Gartmore Inv Ltd 3.09%, A J Hall 2.05%, Other Dirs 1.34%.
http://www.hemscott.com/internet/custom/whog/
Trades over 90,000 shares are delayed in reporting by 1 hour.

03 November 2004
WARTHOG PLC
DISPOSAL OF SUBSIDIARIES

The board of Warthog plc (the 'Company') announces that it has today completed
the sale of all of the Company's subsidiaries to Tiger Telematics, Inc ('TGTL')
together with the transfer to TGTL of certain intra-group indebtedness due to
the Company. The total consideration including assumed indebtedness is $8.11
million of which $1,113,000 will be paid in cash and $7 million satisfied by way
of an allotment of 497,866 shares of common stock in TGTL at $14.06 per share,
being the average mid market closing price of a TGTL common share over the 14
days preceding completion. These shares are restricted stock and as such can
only be traded on or after the first anniversary of completion (the
'Anniversary') in accordance with U.S. securities laws. Up to the Anniversary,
these shares will be held in escrow against any claim arising under certain
warranties, tax indemnities and completion account net asset value adjustments
set out in the sale and purchase agreement. 150,000 of the cash consideration
will also be held in escrow until the Anniversary, pending specific warranties.
The Company has waived the balance of all other amounts due to it by its former
subsidiaries.

Upon completion of the transaction, the executive directors Ashley Hall, Steven
Law and Simon Elms together with one other remaining employee of the Company
will transfer employment to TGTL leaving Ian Templeton FCA and David Robinson as
non-executive Directors of the Company. The Company has also undertaken to
change its name and will be calling an EGM to effect such a change in due course
and will at that time update shareholders further.

The board of Warthog plc has sought to complete this transaction as rapidly as
possible (and therefore did not elect to seek shareholder approval) because the
group has continued to face difficult trading conditions within the games
development industry, as reported in the Company's Final Results on 28 September
2004, which has put the group under ongoing financial pressure. In addition,
TGTL required the transaction to be consummated as expeditiously as possible, in
conjunction with the commencement of shipping of its Gizmondo product into the
UK. The transaction leaves the Company having discharged substantially all of
its liabilities and with a valuable shareholding in TGTL which will be capable
of realisation in a year's time. The realisable value of this shareholding
depends entirely upon the commercial success of TGTL and the performance of the
TGTL shares on the financial market.

The board considers, in conjunction with its advisers, that this transaction
represents the best available outcome for the Company and its shareholders.

Tiger Telematics, Inc is listed on the 'NASDAQ Other OTC Market' under symbol
'TGTL'. TGTL's publicly stated intention is to apply for a listing on the
'NASDAQ National Market' in December 2004. TGTL is a designer, developer and
marketer of mobile telematics systems and services that combine global GPS
functions and voice recognition technology to locate and track vehicles and
people down to street level in countries throughout the world. The systems are
designed to operate on GPS and are currently being marketed to GSM current and
potential subscribers, primarily by the company's United Kingdom based
subsidiary, Gizmondo Europe Limited ('GEL'). GEL is a wholly owned subsidiary of
TGTL and is the maker of the Gizmondo, a next-generation mobile entertainment
device which includes games, built-in music, video, messaging and picture
functions and GPS. On 29 October, TGTL began shipping its first generation
product as part of a strategic retail roll out in the UK.

The transaction gives GEL access to existing games content and porting
technology to enable the transfer of titles developed for use on other platforms
on to the Gizmondo handheld device. Warthog plc shareholders will therefore
benefit from continued investment in TGTL as it seeks to exploit the games
content and technical capabilities that the Company has developed over the past
few years.

As previously announced on 12 October 2004, GEL is interested in 8.62 per cent.
of the Company's current total issued ordinary share capital.

About the Gizmondo device
The Gizmondo is powered by a Microsoft Windows CE.net platform, boasts a
2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates
the GoForce 3D 4500 Nvidia graphics accelerator. It provides cutting-edge
gaming, multimedia messaging, an MP3 music player, MPEG4 movie playing
capability, a digital camera and a GPRS network link to allow wide-area network
gaming. Additionally, it contains a GPS chip for location based services, is
equipped with Bluetooth for use in multi-player gaming and accepts MMC card
accessories.

The Gizmondo device and its games are due for launch in the UK in the fourth
quarter 2004 and in North American markets from the first quarter 2005.

Further information on TGTL, GEL and the Gizmondo device can be found at:
www.tigertelematics.com
www.gizmondo.com
Enquiries:
Ian Templeton
Chairman - Warthog plc
Tel: 0870 122 5420

6 November 2004.
Daily Mail Newspaper : Page 80.

DEALERS believe that Warthog, 0.11p dearer, could be a good recovery punt. More than 52m shares in the computer games developer changed hands on hopes that the worst is over. Tiger Telematics, a leading European games console maker grabbed it by the tusks in October when it bought its subsidaries, intellectual properties and assests. In return Warhog acquired a stake in TT which is now worth at least 3p per share.

deancroft - 11 Feb 2005 10:30 - 587 of 1449

Just in case any one wants to see Iturama's 581 post in the flesh so to speak, here's the linkhttp://www.regentstreetonline.com/tenantdetail.asp?alpha=on&intID=278&type=blnShop&tennant=Gizmondo
The store opening is confirmed by Gizmondo Europe on 01252557100, it's a pity they haven't posted the same info on their website, as I pointed out to the lady answering the phone.

m100 - 11 Feb 2005 12:10 - 588 of 1449

back the other way now... never mind the bollingers heres the whoggers ;-)... pity I was maxd out hold on others - might be worth loss to jump onto this one - regent store good news - gizmondo europe/uk website seems to have gorn cos I cant seem to find it now? - perhaps we ought to let the septics know?

deancroft - 11 Feb 2005 12:30 - 589 of 1449

m100 just tried gizmondo.com, its there ok but lots of plugins for macromedia/flash etc.http://www.gizmondo.com/

m100 - 11 Feb 2005 12:45 - 590 of 1449

d - there was a gizmo uk/europe site with uk/europe news some time back - ...biz, and ...net have redirection set to ...com now but not...co.uk?
gizmondoeurope.com, biz, etc are registered but no sites uploaded! see http://uk2.net/ to search on names, details
might help the marketing effort...

deancroft - 11 Feb 2005 13:56 - 591 of 1449

m100 standard domain name practice to buy up as as many name deviations and redirect to one site, it prevents others from obtaining similar sounding sites. The .com sites are recognised as truly international rating which is where Gizmondo is going, doesn't make financial sense to have different websites at different national areas such as .co.uk., .it, .fr. Better to have one site (.com)with different language options IMO, easier to maintain and central.

iturama - 11 Feb 2005 14:29 - 592 of 1449

Plenty of big buys before opening bell. Looks encouraging.

Paulo2 - 11 Feb 2005 15:51 - 593 of 1449

Tiger Telematics(R) Racked Up for Launch
Friday February 11, 10:33 am ET


LONDON, February 11 /PRNewswire-FirstCall/ --
Online Infrastructure Readied for Gizmondo(TM) Unique Services Ahead of Global Launches
Gizmondo Europe Ltd, subsidiary of Jacksonville, Florida-based Tiger Telematics Inc (OTC: TGTL - News; OTC: TGTL.PK - News), today confirmed signing with Rackspace Managed Hosting Europe for the hosting of the official website [www.Gizmondo.com], which in turn will manage many of the end user personalized services and applications for the Gizmondo handheld multi-entertainment device.

The two-year deal, facilitated by Netlight IT consultants, will initially cover the rollout in Europe, and will be scaleable to account for usage patterns and spikes - since the website will be more than a simple entertainment and information portal for the revolutionary handheld. Aside from featuring movie and music downloads, the site will also host the My Giz services for updating personal profiles relating to the SmartAdds(TM), mapping for location-based services, and also the tracking and Geofencing functions unique to the gaming device.

Erik Ringertz, NetLight, says: "Over the last 8 months NetLight has been searching for the best possible hosting partner for Gizmondo's launch. The multimedia entertainment delivered via the handheld is likely to put very high demands on the hosting. We found Rackspace has the capacity to satisfy the user expectations and Gizmondo's high bandwidth requirements, as well as providing excellent uptime."

Steve Carroll, CTO, Gizmondo Europe, said: "The website will work in partnership with the Gizmondo handheld to deliver truly amazing gaming, entertainment, and GPS services. From an infrastructure point of view, Rackspace's reliability, security and service commitment fit our requirements perfectly." He added, "Scalability is also a hugely important issue for us as we roll out across Europe and Rackspace offers a service that will fully support our changing business needs."

Dominic Monkhouse, managing director Rackspace Managed Hosting Europe, comments: "Rackspace is all about Fanatical Support(TM), our customer service promise. Everyone who works at Rackspace, from our technical support specialists to our account managers, is passionate about what they do and they're always ready to go that extra mile. Our philosophy matches that of Gizmondo and we're looking forward to supporting them in their launch."

The Gizmondo is powered by Microsoft Windows CE advanced real-time operating system, boasting a 2.8-inch TFT colour screen with a Samsung ARM9 400Mhz processor and incorporates the GoForce 3D 4500 NVIDIA graphics accelerator. It provides cutting-edge gaming, multimedia messaging, an MP3 music player, Mpeg4 movie playing capability, a digital camera and a GPRS network link to allow wide-area network gaming. Additionally, it contains a GPS chip for location-based services, is equipped with Bluetooth for use in multi-player gaming and accepts SD/MMC card accessories.

The Gizmondo device and its games are currently launching in the U.K. and in North American and Continental Europe markets during the spring of 2005.

About Tiger Telematics and Gizmondo

Gizmondo Europe Ltd. is an owned subsidiary of Tiger Telematics Inc (TGTL) and is the maker of Gizmondo, a next-generation mobile entertainment device. Launched in 2004, the gaming device includes built-in music, video, messaging and picture functions and GPS.

Tiger Telematics is a designer, developer and marketer of mobile telematics systems and services that combine global GPS functions and voice recognition technology to locate and track vehicles and people down to street level in countries throughout the world. The systems are designed to operate on GPS and are currently being marketed to GSM current and potential subscribers, primarily by the company's United Kingdom based subsidiaries.

www.gizmondo.com

www.tigertelematic

Paulo2 - 11 Feb 2005 15:52 - 594 of 1449

11-Feb-2005

Sale of Equity, Other Events, Financial Statements and Exhibits



ITEM: 3.02 UNREGISTERED SALES OF EQUITY SECURITIES.
On February 9, 2009 the Company completed a sale, (that began in January of 2005), of approximately 1,116,133 shares of its common stock for an aggregate purchase price of approximately $19.5 million. The share prices received ranged from $15.00 to $25.00 per share with the higher sums received as the stock price in the market increased. 100,000 of the aforementioned shares, which were placed at $25.00 involved a stock swap with a shareholder who sold shares in the Company, that they owned, that were over 1 year old from the date of the original issue, to an investment fund for $25.000 a share and then remitted the funds to the Company in exchange for newly issued shares at a discounted price to reflect the restrictions. No warrants were issued. The Company negotiated the purchase price with those investors, based upon the market price of the securities at the time of the negotiation and with an appropriate discount for the restrictions on resale. Its common stock was issued to sophisticated, accredited foreign investors or foreign corporations in transactions exempt from registration pursuant to Section 4(2) of the Securities Act of 1933 as amended. Each had access to financial information available in public markets and was given the opportunity to review the Company's books, records and other information that they requested. The Company will use a substantial portion of the funds at its Gizmondo Europe Ltd. subsidiary to buy game content for it's Gizmondo multi-entertainment device and for future increased marketing expenses.

As noted in previous filings, from time to time, the Company issues shares to various companies and persons that provide products, game content and other content for the Gizmondo, and services to the Company including strategic partners, suppliers, distributors, independent contractors and employees, fund raising finders fees and professional advisors. The Company anticipates that it will continue this practice. The Company issued approximately 8,300,000 shares to such service providers and employees principally relating to launching the Gizmondo product and expensed approximately $14.8 million for these services in 1st quarter 2005. The transactions are non cash and do not affect cash flow of the Company. Included in the above number was 350,000 shares issued in negotiated arms length transactions related to a large content provider license agreement soon to be announced upon finalization, 358,000 in consulting services related to shares, 3,786,000 to employees and independent contractors for performance milestone achievement bonuses, 5,758 shares in the issuance process, pursuant to and related to the previously disclosed Warthog Plc assets acquisition to the investment advisor in the U.S. and 150,000 shares related to advertising and the balance issued in connection with the Gizmondo product launch to entities associated with the launch.

Following the issuance of the shares pursuant to the transactions described in this Form 8K, the Company anticipates that it will have outstanding approximately 46.3 million common shares and warrants to purchase an aggregate of 495,525 common shares, at exercise prices ranging from $5.00 to $11.25, including cashless warrants, expiring from June 30, 2006 to September 30, 2009.

iturama - 11 Feb 2005 21:10 - 595 of 1449

Another good day for TGTL. Up 3.5% @ $29,25.

iturama - 12 Feb 2005 11:20 - 596 of 1449

Barclays tech data on Whog shows 328.26M shares in issue. ADVFN shows 367M. This is quite a difference. I suspect the latter figure is the fully diluted figure which includes employee options and warrants which have not, and will not, be exercised. In the case of employees because there are only 2 left. Anyone able to give a definitive breakdown?
The notional value of the Whog shares could be 10% higher than most people have been calculating.
I have sent an e-mail to Barclays asking for clarification.

john50 - 12 Feb 2005 12:31 - 597 of 1449

MoneyAM has 367m.

iturama - 12 Feb 2005 13:26 - 598 of 1449

John,
Could be that the one figure is the authorized share capital, fully diluted, while the other is the actual paid up shares. It is normal to have a lot more of one than the other to cover stock options, warrants etc. The unpaid shares in the company's stock option plan can now be cancelled.

deancroft - 13 Feb 2005 10:06 - 599 of 1449

I was late getting onboard with WHOG and keep looking at TGTL for associated info. Couldn't find any historic posting here regarding the litigation between Jordan Racing Ltd and TGTL which looks like has a court case still pending ref SEC filing form 8-K filed 09/02/05. I'm not clever enough to know how to interpret the share moves ref SEC filing form 4 for the three directors of TGTL filed 11/02/05. Presumably, Jordan were going to be employed for Gizmondo product advertising.

iturama - 13 Feb 2005 10:51 - 600 of 1449

The latest on this case can be found below. Looks like TGTL will have to pay Jordan a minimum of $750,000 and a maximum of $1.5M, for advertising in the 2004 season (under a different name). This amount is inconsequential to the future of TGTL. http://www.courtservice.gov.uk/judgmentsfiles/j3060/jordan_grand_prix.htm

Paulo2 - 13 Feb 2005 20:53 - 601 of 1449

Charts are looking good!

http://quotes.barchart.com/texpert.asp?sym=tgtl

tburns - 14 Feb 2005 08:31 - 602 of 1449

Just bagged another million shares, had to pay a touch over the offer at 1.65p but IMHO this share is way oversold on Tiger valuation of $29 - $30. With product starting to be shipped on time and high visability store opening week after nextin Londo I can only see the market starting to take it towards 2.2p Mid which was where it was in December when Tiger was at the same level it is now. This should be a raving buy at these levels whether you are trading or in for the long term. I'm holding till November and we will see where Tiger's price is then, looking for 5p min.

iturama - 14 Feb 2005 08:48 - 603 of 1449

TB.
I think between us we could bid for the company. Price is ready to take off.

tburns - 14 Feb 2005 08:58 - 604 of 1449

Dead right Iturama, my 1M trade not even reported yet and the Bid has ticked up 0.1p, not bad. Accumulating big style here as and when more funds become available. Good research on the Jordan court case, thanks for that.

astonvilla - 14 Feb 2005 09:41 - 605 of 1449

will the hog give us a kiss today......

Paulo2 - 14 Feb 2005 10:27 - 606 of 1449

reply just in fron an investor's query. don't think he'll mind me posting here.

Thanks for your note, and I do understand your points but let me try to explain some of whats going on here, and why. I recognise that this note is a little lengthy, but also not specific on some points. For straight forward competitive reasons, there are going to be some things I cant share with you. You probably wouldnt expect me to either because as you rightly suggest, this is a very competitive market, and there are some big boys out there for us to tackle. They dont need any additional information or help from us, because the net result would be to weaken our position (as a shareholder, your company). However, heres what I can share:



We are fighting larger companies with deeper pockets than we have so our best strategy is not to go head to head, but to achieve what we need to before they even notice (ideally)..
Our strategy allows us to do encroach on Sony's turf in particular, in stages. Were we to make an announcement, then theyd simply make another one that overshadows us. We all recognise that they have the scale to do that. At present we think it's unlikely that PSP will be out much before May, and our media schedule will take advantage of that. You will also see acceleration in PR activity over the next 8 weeks once the PSP's import coverage has subsided.
The other thing is that (and forgive me for disagreeing with you), but its not quite true to say that no one has heard of Gizmondo.
There are some 15 or so fans web sites that have been set up (and are nothing to do with us) about the Gizmondo.
The warm up national and pan-European advertising we ran just prior to Christmas reached about 65% of our core audience.
Over 567,000 people have already pre-registered on our web site.
But where the difference between us might lie, is that weve deliberately targeted a core audience, and it may well be that this audience is not where you got your feedback. Our initial core audience is sometimes referred to as the Innovators. They are people who invariably pick up first on new devices such as these, and if they approve, then the cool guys (the early majority) buy them. Our strategy is to reach and convince the Innovators and through them, the Early Majority. If we handle this bit right, then they become our greatest advocates, and we get the power of viral communications working in our favour. As a small company working against bigger, better resourced competitors, thats a key thing to achieve.

Helping us with our marketing are
Ogilvy (the lead agency within of WPP)
Carat (the lead part of Aegis, and one of the biggest and best media planners and buyers, globally)
Mother (the top creative team in both the UK & USA).
These three are all very serious, highly experienced, communications partners. We wont get this wrong but they wouldnt let us, anyway!

The two major competitors are DS and PSP, and we have respect for both.
We know that some people will compare the Gizmondo to the Nintendo DS but in truth, were not really a head on competitors. Their core audience is much younger than ours, and if you were to compare the spec of the two units, the difference is huge (and favours the Gizmondo). The DS is a nice, single function, (games) machine. We do games as they do (though some of ours are significantly more serious games than the DS is capable of playing), but our positioning is as a pocket sized multi-entertainment console that excels in not just one area, but all.

With the PSP however, there's been a lot of rumour and conjecture regarding their European street date and theres a good chance that this has been a tactical move against Gizmondo. Their console is good though in a number of areas suffers in comparison to Gizmondo

o Portability. Gizmondo is much smaller and lighter

o Connectivity. Gizmondo is a better option, it has Bluetooth and GRRS, compared to PSPs Wi-fi. (both have mini-USB)

o Screen (and battery). Pros & cons PSP has bigger screen, but Gizmondo is better portable option as it has a longer battery life

o Processor. Gizmondo has significantly more processing power

o Storage. Gizmondos system has the edge it uses the widely available, cheap and secure SD cards whereas Sony uses bespoke UMD

o Web access. Gizmondo wins we have it, PSP doesnt.

o Communications Gizmondo offers text (both SMS and MMS) along with a camera so the user can take a picture and send it by MMS); and email (pop3)

o Location based. Gizmondo wins it has it, PSP doesnt. We have an assisted GPS tracker built into the console so Sat Nav for the car / location specific games. Lots of things we can do as a result of having the tracker.

So, we have a product that stands comparison with the competition. We have content (and whats publicly available is on our web site).
Moreover, we have several million orders from retailers (again, announced), as well as the 567,000 people who had registered on our web site within days of out advertising breaking late last Autumn. Once our stock position has been confirmed, we will be able to announce street dates globally on a country-by-country basis. As we get to early March you'll see the consumer level awareness increase in steady increments as we make announcements.







I hope that helps. If theres anything else I can do, let me know. If I can, I will.



Best wishes



Peter Lilley
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