for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

Frampton, You need to do a bit more reserach on the company I'm afraid. He sold them To Andy Brough's Fund at Schroders to raise cash to cover the court case in the short term. If you're going long or short in a company, please do research in it first or you may lose a lot of money!

Biscuit, I'm not quite sure what you mean? I currently hold no postion, having sold last week, as I believed they would drop short term, which, they have. I will probably buy back at some point.
I'm just commenting on the article ii posted which says Ian Balchin "doesn't appear to have been wholly convinced by all the good news. He sold a shed load of shares in the summer of 2004." My point being if he was doing it because he thought the company wasn't going anywhere soon - which is what the article was implying - he made a mistake because he would have got loads more for them in may 2005. I was suggesting the article was misleading, I was not commenting on his reasons for the sale as this was not mentioned - also very misleading in my opinion.
Maybe you have ii filtered and so took my comment out of context?

Frampton

Sorry - I disagree. I think it shows Balchin was aware of the future potental and took action to secure his part of it. Good on him.

When a share option exceeding 30,000 is taken up one has to pay Income Tax on the Benefit (by 19th of following month) on the difference betwen the Exercise Price and the SP on that day as well as pay the Company the Option Price.

If the SP was 4p, Ian had to pay tax on that amount less what he paid SEO for the shares - as well as pay SEO. Far better to pay Income Tax based on 4p than a far higher SP which, like it or not, happened.

Selling half of the shares taken up makes such an uptake totally self financing. ie Sale Proceeds of half = Option Payment on all + Tax @40% on Benefit (possibly NIC also - not sure on that one).

It then leaves Ian holding half the shares, all fully paid in cost and tax, without putting his hand into his own pocket.

If, as you say, "he made a mistake because he would have got loads more for them in may 2005" he would have had to pay "loads more" Income Tax. Is it a mistake to pay lower Tax and lock in the future potential value for oneself ? I think not.

Smart? I think so.

But what do I know.....

Tony, I obviously didn't express myself very well this morning. I am not the slightest bit concerned about Ian Balchin's sale, it is history and Stanelco has gone from strength to strength since then. I was refering to the article ii posted, which overall seems fair, but I think pointing out Ian Balchin's sale in 2004 as a reason to be cautious about buying now is wrong. It is the person who wrote the article who thinks the Balchin sale is a bad thing - I was just pointing out if someone had been put off by his sale in 2004, they would have missed out on a phenomanal rise in 2005.

Tonyrelaxes,

Good summing up, well said.

My view on the recent RNS, for what it's worth.

Although I still have great faith in SEO delivering, I must agree with those who have stated that their RNS could be clearer. There are many ways to read the following extract...'Current potential placements are expected to lead to orders in excess of 50 conversions with one supplier to ASDA.'

This could ( though I doubt ) mean that there are current potential placements with diferent companies that are not connected with the 50 possible convertions with one ASDA supplier, IE several machines already due to be put on line have been looked at by this other supplier who is expected to order the mentioned excess of 50.
As said many slants could be put on the latest RNS.
Whilst also agreeing that a pre close statement can not give defined figures, details that can be included should have been in plain english.

Frampton

Sorry. I don't read ii's posts these days. I must admit in the past I did waste time thinking them to be helpful, balance and informative posts. Hey hey, life is about learning!

i struggle to understand why the people who are bullish on this stock are squelching and ignroing people asking genuine questions about the valuation of the company, it seems to me you are sticking your head in the sand...very bizzare.....signs that you are too attached to this...

The Green Mile Walk to 10p plods on.

Grow up child

Daz England - 20 Dec 2005 19:12 - 13861 of 13861
Grow up child
-------------

Masterful post full of intelligent obseRvation, mature cognisance of the company in question, in total control of his mind set, the DAZ Man is a genius , just breathtaking.
Mind you I think the fact thaT I was right about 14p today might balance his awesome rhetoric, but what do I know compared to such a giant of investment?.
I give you the thoughts of DAZ man, bubbles in the bath????

ROTFFLMFAO!!!!!!

Bosley - 7/8 months to go on the Asda deal, thanks for the info. I have sold my entire holding for just over 60% gain, looking to buy back at around 12p.

Ah yes the explosive one who threatened that selling below 30p would be fatal, what a bunch of losers.

Bling, if your going to quote me then at least get it right.... I also find it funny how you can call me a loser when your the one with nothing better to do than post shite remarks like that!!

It doesn't take long to decide whom to filter here, I have just filtered three shorters as they are posting nothing but tripe.

News is coming to save the SP from going lower, and it won't be so much a bear squeeze as a bear trap.

Childish. I wont be drawn in. Stop the abuse Blinger and grow up.

the boy can,t help IT /// IT S IN HIS MAKEUP SO TO SPEAK/////

explosive/bosley.

I had a look on FYB and they seem to have info that say the contract ends on the 6th of April with ASDA. Any thoughts?

Yep. T'was me who thinks 6 April 2006.

The Circular to Shareholders dated 5 August 2005 concerning Biotec says, in the section of Material Contracts, on page 43 :-

The Agreement with ASDA is dated 23 March 2005 between (1) the Company and (2) ASDA Stores Limited ("ASDA") (the ADSA Agreement"), whereby the Company grants ASDA certain exclusive rights in relation to its Greenseal tray lidding technology (the "Technology"), within the food sector within the UK and Ireland for a period of 12 months and 14 days from 23 March 2005 (the "ASDA Exclusivity Period").

That document to Shareholders contains a wealth of information that dispells many of the myths, scares, ramps, deramps and just plain incorrect points that get put about. It should be required reading by anyone wishing to buy or short SEO shares - or even before they post about them on a BB !!

Ok, so they are 9 months into the contract and yet to start in earnest? Does not sound as though they are going to deliver the 200?

tony, once again confusion reigns at seo . this is from the egm statement dated 30/8

"GREENSEALTM



Commercial trials with ASDA Stores Limited ('ASDA') suppliers have been
successfully completed and the 12 month exclusivity period with ASDA, who have
committed to converting several hundred machines in the period, commenced on
28th July 2005. To date, two contracts orders have been received from dedicated
ASDA suppliers covering 5 machines in total."

if you are right , then the situation is a damn sight worse than i previously thought.