Bema
- 20 Oct 2005 11:19
I shall write up the letter Sunday evening (23rd) and post Monday AM. I won't be about Fri or Sat but i promise to read up and include all genuine contributions from here and FYB.
What do you want to know..................?
Bema
- 20 Oct 2005 16:40
- 15 of 32
Cool, well if the questions dry up i can send it today, but i wanted to give everyone a chance to contribute so i'll give it a while.
Bugz
- 20 Oct 2005 16:53
- 16 of 32
Yeah top stuff Bema-and cheers for peoples input.
Cant think of anything to add to that list-very complete :-)
EWRobson
- 20 Oct 2005 18:10
- 17 of 32
An addition to q13. How many advanced and premier engineers were actually trained and how many of these are actively involved in client work?
Eric
NielsJensen
- 20 Oct 2005 21:28
- 18 of 32
bema, well done. If you have the time kindly rephrase q18 to my original wording: "When is the auction for the cigarette filter technology going to take place? "
I'm 99.99% sure I read an Evolution (or other paper) stating that the technology is not fully developed/approved and that SEO intends to auction the IP now to the highest bidder that believe it will work.
Again, thanks for your efforts,
ynot1f
- 21 Oct 2005 14:57
- 19 of 32
Bema,
Could you ask them to clarify the SP Metal Order. What are the 10,000 tons of Starpol for, film or semi-rigids, and who is the is the end user or supplier.
Thanks
bhunt1910
- 21 Oct 2005 15:11
- 20 of 32
Bema - the guys are not back in the office until Monday - so dont break a leg trying to get it out today.
Thanks for coordinating this - well done
Baza
Bema
- 21 Oct 2005 18:02
- 21 of 32
No problem Nielsjensen, just had several questions on the auction and was trying to cover it with one. will correct.
Bema
- 21 Oct 2005 18:48
- 22 of 32
Ok the latest version. I have added your question rather than change it Nielsjensen. I don't think we need both but i want to keep every contributor happy.
QC has also given a new question that i think is very important. Number 11.
I'm going to send late Sunday. Please feel free to point out typos or correct me if you feel i have altered your question. I have no problem with a little editing to keep all contributors happy, this is after all "your letter" :o)
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1) What was Stanelcos role at the recent conference at Philadelphia? Did they speak at all, demonstrate or were they just in the crowd?
2) In a previous RNS you said new Starpol products would be revealed at the recent conference in the US. What were they?
3) Is one of the new Starpol 2000 products an Oxygen Scavenger?
4) Is Wal-Mart waiting for FDA approval on Starpol 2000, so that they can change to a Greenseal and Starpol 2000 combination, and bin the Polythene?
5) Are all the US big retailers using Polythene, or are there any in a position to use Greenseal without Starpol 2000, like ASDA are?
6) Do you have any idea of the expected timeframe for FDA approval for Starpol usage with meat products?
7) What does the recently announced tie-up with Natureworks actually mean? Unfortunately the reports on this have been translated in many ways so there are several versions floating around the net.
8) Are we just buying material from Natureworks for use in Starpol that we sell to other companies or are we supplying Natureworks in any way?
9) Does SEO/Biotec intend to manufacture all Starpol or do they intend to license the IP?
10) Are Stanelco producing Starpol for Natureworks?
11) There are various statements around regarding Starpol. It is claimed that both Natureworks PLA and Starpol are compostable. In particular I had been lead to believe that Starpol would decompose on my own compost heap within 6-8 weeks. As PLA is the main ingredient in Starpol and has since been shown to only compost in temperatures of 135 deg F or 57 deg C (well above a normal compost heap temperature) can we have clarification on the conditions required for Starpol to decompose.
12) As shareholders in Stanelco, are the directors concerned by the negative market vibes regarding the company recently? and if so/not then why?
13) Is there any concern over potential leaks of information? The regular manipulation of the share price the day before an RNS seems to suggest that someone in the market has advance knowledge.
14) The company is perceived by many on the outside to be 'jack of all trades, but master of none' as from the outside many feel we are spreading ourselves too thin on numerous products. Why is it that Greenseal appears to be on the backburner yet we have engineers and the like in the USA waiting for deals?
15) Are the Stanelco actively seeking to end the BPRG court case fiasco?
16) Why has nothing further has been mentioned about the Reckitt Beckinser, Reiser and Grampian trials? This gives the impression that these issues have now been quietly dropped.
17) Are you able to give a potential launch date for the Mondini RF machine?
18) How many RF conversions have Stanelco done so far under the ASDA exclusivity contract? Is there a projected target take-up rate by which Stanelco are measuring progress and are Stanelco achieving it?
19) When is the auction for the cigarette filter technology going to take place?
20) How long do you expect to have to keep the 'auction' open for the sale of the cigarette filter patents?
21) Could you clarify the SP Metal Order? What are the 10,000 tons of Starpol for, film or semi-rigids, and who is the end user or supplier.
NielsJensen
- 22 Oct 2005 14:50
- 23 of 32
Bema,
Re. q2 I can't seem to find the RNS I thought I had seen. Maybe you should replace "In a previous RNS you said" with "We understood". That is, of course, unless someone finds the RNS.
Sharesure
- 22 Oct 2005 15:58
- 24 of 32
Bema, You probably saw this on the other SEO thread:
Hi there all, been in this stock for a few months. Working in the retail packing industry as a maintenance manager for for one off ASDA/Wal*Marts suppliers for Red meat and Pork products, we are one of 3 companies that ASDA use to supply these products in the UK. Just to let you know a bit about the company we have with in the last year opened a new plant at a cost of 32 millon which basically went ahead due to the agrement with ASDA to go to just 3 suppliers, at the present time we are doing any where from 500 to 650 tones of finished product for ASDA a week, over 12 production lines.
I was up at ASDA house a couple of times over the last few weeks on on labelling issues, where i was hoping to pick up a bit of information on any future developments with the packaging we use, but unfortunatly did not here any thing. We have a few visits this coming week from technical people and the new incoming head meat buyer for ASDA. Which i will keep my ear to ground on to see if i here of any proposed changes from the packaging/sealing systems we are currently using. I know from varoius meetings we have in house that ASDA are allways looking in to ways that we thier suppliers can reduce costs and with the high oil price we have at the moment and the effect that has on the cost of the PVC/PE films at the present this could be one area where savings could be made. Also product shelf life would be a huge advantge to them if it could be increased. I work closely with the packaging buyer on the site i work and have asked him to keep me up to date of any new and coming projects he heres of. Thats all for now, hopefully be back some time with some good news for us investors, i am sure long term this will be a winner just a case of playing the waiting game. "
Would be interesting to hear Howard White's views on thatas it doesn't sound like the sort of thing that should go unchallenged if it isn't true.
Bema
- 22 Oct 2005 16:46
- 25 of 32
Hi Sharesure,
I can see what your saying but am unsure how we would ask it. Basically we would be asking Howard if an unspecified company hadn't installed any Greenseal when they upgraded. Ok there's maybe enough information there for someone in the know to guess at a company but i'm not sure its a fair question.
Remember Greenseal hasn't been approved by ASDA for a full year yet and a new factory would be required to start producing as soon as possible or lose money. So i don't really think we should be disappointed by that statement if true.
What do people think? I will include it if you all want.
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Nielsjensen,
I could've sworn i saw that RNS as well. Must admit to not checking. If another poster or I can't find it before Sunday PM i will ammend as you suggest. Well noticed!
Sharesure
- 22 Oct 2005 18:15
- 26 of 32
Bema, Ok, It's your call as you are kind enough to ask the questions for us. It may also have been a load of junk as some of it did not seem to square with what might have been expected from other things that we do know.
Bema
- 22 Oct 2005 19:01
- 27 of 32
Thanks sharesure,
It's just that i want Howard to take our questions as seriously as possible so i don't want to be presenting him with unsubstantiated storys from ADVFN. I feel that we have a responsibility not to waste Howards time any more than we have to.
Phew, compiling this letter is becoming quite the exercise in diplomacy! ;o)
NielsJensen
- 22 Oct 2005 21:51
- 28 of 32
Bema, Juast make suure you run it throughh the spilchecker 1st. (Not that I noticed abything, but typos do happen).
:)
bosley
- 23 Oct 2005 00:16
- 29 of 32
bema , i think it was a business wire post rather than an rns. it might be an idea to replace "rns" with "announcement". here is the announcement.
"Stanelco to Unveil New Starpol 2000 Products at 2005 Sustainable Packaging Forum;
Biodegradable Products on Display in Forum Exh
Stanelco PLC (LSE:SEO) will unveil new products from the
Starpol range of biodegradable, compostable plastic materials at
Packaging Strategies' inaugural Sustainable Packaging Forum in
Philadelphia October 17-19, 2005. Starpol 2000 is a biodegradable
material consisting of PLA (Polylactic Acid), a starch derivative,
which can be used in place of expensive petroleum-based products
plastics. Stanelco will participate in a speaking engagement while at
the forum, as well as exhibit samples of its new Starpol 2000 products
at the Sustainable Packaging Materials Expo, following the first day
of the conference.
The starch-based Starpol 2000 materials will completely biodegrade
in an active compost in approximately 60 days. The material is
available in a range of blends and can be used in sheet or film form
for a diverse range of products including food containers, carrier
bags and shopping bags.
"Stanelco is deeply invested in finding renewable, recyclable
packaging products," said Stephanie Morgan-Fisher, director and CEO of
North American Operations, Stanelco, Inc. "With arenas such as the
Sustainable Packaging Forum, we are able to present companies with our
cost effective, environmentally responsible packaging solutions."
The Sustainable Packaging Forum is designed to help the consumer
goods and packaging industries understand sustainability, and where
packaging falls in context with sustainable initiatives. More than 200
attendees will be on site at the Forum.
"The Sustainable Packaging Forum will focus on two very distinct
sections. Our goal is to provide a total understanding of
sustainability and how it drives enterprise value, as well as provide
an understanding of what sustainability is not," said David
Luttenberger, publishing director of Packaging Strategies, the
organizer of the event. "At the Forum, we will also define sustainable
packaging technologies, innovations, and processes, and how they fit
into sustainability."
The inaugural Sustainable Packaging Forum will be held at the
Sheraton Society Hill in Philadelphia. Registration for the event is
open and sponsor and exhibit opportunities are available. For further
information, visit http://www.packstrat.com
Bema
- 23 Oct 2005 16:53
- 30 of 32
The email has now been sent.
Thanks to all contributors (especially NielsJensen and bosley for helping to cover up the error!)
Tonyrelaxes
- 24 Oct 2005 00:06
- 31 of 32
Bema
Well done.
I look forward to the replies (such as HW may be able to give) in due course.
Many thanks for all your efforts on this one - as with the last one.
Tony
Bema
- 27 Oct 2005 18:49
- 32 of 32
Hi all.
The much awaited questions. They arrived this morning but at my home address. To me some new names are mentioned but maybe thats my poor DYOR.
------------------------------------------------------------ -------------------
Comments from your letter written beneath each question.
Author Terry Robins
27th October 2005
I have volunteered to write to you on behalf of a large group of private investors which frequent the Fillyaboots and MoneyAM bulletin boards (www.fillyaboots.com & www.moneyam.com). We have collectively produced some questions which we hope you will be able to provide us answers for. Obviously we understand that you may not be able to provide complete answers in every instance due to market restrictions or if you consider the information to be price sensitive. However this should have the added advantage of only having to answer a set of questions once rather than multiple times from the same people.
1) What was Stanelcos role at the recent conference at Philadelphia? Did they speak at all, demonstrate or were they just in the crowd?
Several members of Stanelcos management team were present at the Philadelphia conference, including the MD and Commercial director and myself. At the last moment we were given the opportunity to present a paper on Green Seal and Starpol 2000 material. The presentation was given by myself and was well received. We were also given the opportunity to set up a table top presentation of material at an evening reception where we showed Green Seal, Starpol material, Cradle wrap and other Stanelco products. A great deal of interest was shown with several leads to follow up.
2) In a recent announcement you said new Starpol products would be revealed at the recent conference in the US. What were they?
Starpol is a range of materials, a new formulation Starpol 3000 is a bio-compostable material with many of the attributes of Starpol 2000 but has high clarity. This material is seen as having a huge market benefit.
3) Is one of the new Starpol 2000 products an Oxygen Scavenger?
O2 scavengers have yet to be released.
4) Is Wal-Mart waiting for FDA approval on Starpol 2000, so that they can change to a Greenseal and Starpol 2000 combination, and bin the Polythene?
A number of potential customers in the USA require full FDA approval prior to adopting Starpol materials for food products. Initially we are targeting replacement of APET.
5) Are all the US big retailers using Polythene, or are there any in a position to use Greenseal without Starpol 2000, like ASDA are?
In the USA most trays used are Polypropylene materials. Whilst in the UK they are PET, however PP does not have as good a gas barrier which makes Starpol 2000 a good alternative to move directly into a biodegradable option.
6) Do you have any idea of the expected timeframe for FDA approval for Starpol usage with meat products?
The material has been granted food approval for fruit and vegetables and in currently awaiting final approval for all other foods. This is a statutory 120 days time frame with has already started.
7) What does the recently announced tie-up with Natureworks actually mean? Unfortunately the reports on this have been translated in many ways so there are several versions floating around the net.
PLA is a component of Starpol 2000 material and we have secured an ample supply from Natureworks
8) Are we just buying material from Natureworks for use in Starpol that we sell to other companies or are we supplying Natureworks in any way?
Natureworks LLC, a Cargill company is a supplier of PLA to us. It is likely that there will be some joint promotion
9) Does SEO/Biotec intend to manufacture all Starpol or do they intend to license the IP?
Both
10) Are Stanelco producing Starpol for Natureworks?
No
11) There are various statements around regarding Starpol. It is claimed that both Natureworks PLA and Starpol are compostable. In particular I had been lead to believe that Starpol would decompose on my own compost heap within 6-8 weeks. As PLA is the main ingredient in Starpol and has since been shown to only compost in temperatures of 135 deg F or 57 deg C (well above a normal compost heap temperature) can we have clarification on the conditions required for Starpol to decompose.
This will depend upon the grade of Starpol and what it is made into. Starpol 2000 is certified to the biodegradable standard DIN CERTCO and EN: ISO: 13432. However Compostability is dependant on degrading within a given time frame and this is related to mass. A thick wedge of material will biodegrade, but may take longer than the given time to compost. Should the same mass be shredded it could compost and be certified to do so. PLA does not easily compost in a garden compost but this again is dependant on size and heat generated within the compost. In a small cool garden compost PLA will probably not biodegrade.
12) As shareholders in Stanelco, are the directors concerned by the negative market vibes regarding the company recently? And if so/not then why?
Directors are always positively seeking to ensure that Stanelco is shown in the best accurate light at all times.
13) Is there any concern over potential leaks of information? The regular manipulation of the share price the day before an RNS seems to suggest that someone in the market has advance knowledge.
If you have evidence of share price manipulation and / or abuse of insider information please let us know or report it to the FSA. It is an extremely serious matter. Stanelco endeavours to place information into market as soon as it can. For example, the recent results of Food Contact Approval tests and associated exclusive deal with ASDA occurred on the same day. The announcement was agreed that night and made at c.7.00 next morning which made it extremely difficult for any insider information as only very few people knew of the events.
14) The company is perceived by many on the outside to be 'jack of all trades, but master of none' as from the outside many feel we are spreading ourselves too thin on numerous products. Why is it that Greenseal appears to be on the backburner yet we have engineers and the like in the USA waiting for deals?
GREENSEAL and STARPOL are priority. We then have a whole range of secondary projects these are been prioritised by the commercial team who have recently been strengthened to cope with extra projects and developments.
15) Are the Stanelco actively seeking to end the BPRG court case fiasco?
Appeals are due to be heard in early 2006.
16) Why has nothing further has been mentioned about the Reckitt Beckinser, Reiser and Grampian trials? This gives the impression that these issues have now been quietly dropped.
We are expecting to do business with all of these companies. RB Electrosol Gel Packs and now Finish Quantum are using Stanelco technology on products which can be found in the High Street.
17) Are you able to give a potential launch date/target for the Mondini RF machine?
The Mondini project is ongoing as is the building of a purpose built RF machine with Proseal and others companies which will be placed into factories imminently.
18) How many RF conversions have Stanelco done so far under the ASDA exclusivity contract? Is there a projected target take-up rate by which Stanelco are measuring progress and are Stanelco achieving it?
An up date was given in the announcement dated 28/07/05
19) When is the auction for the cigarette filter technology going to take place?
That is potentially price sensitive information. Expect more in due course. We do not know the value of this technology
20) How long do you expect to have to keep the 'auction' open for the sale of the cigarette filter patents?
See above
21) Could you clarify the SP Metal Order? What are the 10,000 tons of Starpol for, film or semi-rigids, and who is the end user or supplier.
10,000 Metric tonnes are primarily for flexible applications
Thank you very much from me and on behalf of the other posters at fillyaboots and moneyam for taking the time to answer our questions. I know it must seem impossible to please us damn investors but we are impressed with the progress made so far despite our constant questioning!
Best regards,
Bema - Name change to protect the innocent!
Answers by Terry Robins
Chief Operating Officer
Stanelco plc
27th October 2005