Tadpole Sell GSD

Well from todays news it looks as if my blog of 18th September wasn't that far off the mark with reference to what would happen to the Geospatial Solutions Division. I guess with very little current business on the books that ERSI 'were' after all the obvious purchaser of what was left.

The Company today announces that, in accordance with the Board's strategic objective of focusing the Group's activities solely on the application streaming business, it has entered into an asset purchase agreement ("the Agreement") with ESRI (UK) Limited ("ESRI" or "the Buyer") to dispose of its Geospatial Solutions Division ("GSD") ("the Disposal")........see the rest of the artice at ..... http://www.iii.co.uk/investment/detail/?display=news&code=cotn:TAD.L&action=article&articleid=6366387

Lets not forget that if it had not been for the GSD side of the business over the last 2-3 years then Tadpole would have officially been bankrupt long ago, so thanks to all who worked there, and best wishes for the future to you all.

Moving forward the good thing about this news is that with the Streaming Division already hitting the technology news sites in a positive way, it seems to me that with so little reaction from the market, the GSD sale has already been priced into the market.

With the above being said we now have the name change to come, also discussed in my earlier post and I'm still sticking with the idea of them just taking the simple obvious and changing to Endeavors Technologies PLC as being not only the most sensible option (having spent the last few months raising the profile of that name on the technology markets) but also as the most cost effective option as Endeavors Technologies is already a registered fully functioning entity.

Of course with the notification of the resignation of Dr Ketteman from the Tadpole board of directors following the disposal of the Geospatial Division this raises the question again of the compliance of the board due to lack of members.

I would be concerned if any of these posts were filled from an internal perspective, ie one of the existing ETI directors for instance, as until they have proven themselves to the shareholders as competent in the roles they currently hold and have achieved high levels of business, then I wouldn't personally want any of them having their attention diverted by the more onerous task of becoming FSA competent with the rules of directorship and all that is involved in that.

A positive though..........with this GSD news is now out of the way and if the Streaming Division have been as busy as Peter has suggested at both the AGM and to others since then; I'd expect to see some positive news starting to flow from the Streaming Division and some cash flowing into the coffers for a change..........lol

Roll on Application Jukebox and whatever the new 'Company Name' and 'Ticker' turns out to be!