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

Garbyle from my recollection of the AGM at least one of these machines they bought was used ,a price of +- 60 K springs to mind.I dont recall which one it was ,Tony might remember but I think it cropped in my one to one with HW.He also said Terry had real difficulty in getting hold of these machines as demand was so high.Hope this helps.Warm ,sunny 22deg in Cork.

So how are we to interpret today's placing?
From the above it would seem that the money will be used for funding the Biotec acquisition - so no real news to get excited about!
Although a long term holder, I am still concerned and hope that whenever they intend to report - if someone knows please say- that the news is positive and not more jam tomorrow.
Someone previously mentioned the income from Starpol - presumably this can only be forthcoming subject to approval in the USA?

Any comments?

Thanks Mad Pad, was trying to find out cost of new and used machines.

Thanks, Garyble, that makes sense. We really need an idiot's guide for people like me. Re-reading the Chairman's statement which now makes more sense. He discusses the two steps they have taken to cope with the installing environment: a combination of temporary machinery and by having dedicated teams available to fine tune the R&D elements. The question remains as to when commercialisation is deemed to have been achieved. A Proseal machine is being given extended testing in the factory. The Multivac conversions are undergoing trials at a salad and a meat supplier. So what is meant 'by placing the first contracted machine'. This seems to imply that the Proseal and Multivac situations are still not contracts. I understand and accept your view that the first 'contracted machine' goes in to allow a rolling conversion of machines under the contract and is removed at the end of the process for another user. It is clearly a time-consuming process.

The positive thing is Lovegrove's confidence that they have the ability to make up the shortfall in the roll-out programme; also that ASDA (and WalMart) retain their confidence in Stanelco despite the difficulties in bringing the technology on line.

It does take some doing to get your head around the situation. I wish all posters would make the effort and we wouldn't have the negative and snide remarks. Greenseal remains an absolute winner in its own right although we will probably see the returns from Starpol and Wrap first.

Eric

Anyone know why Starpol 3000 hasnt recieved FDA approval yet?

Just picked this up from yesterdays FT"The cash is needed for working capital purposes ,according to traders."

OBLO

(sorry everyone else, off topic)

I thought of you as I went to a great restaurant in Monetchikovsky, central Moscow last night.

I had to, it was named Oblomov !

Tony

I hope the food was of a higher quality than some of my posts, Tony, and that the waiters were a little more active than my other namesake!

Madpad

I asked PM1 this when Starpol 3000 was launched and his view and the general consensus here was that it was not needed. Who knows may be it is.

Barney,only asked the question because like a to company produce what it promises.(God alone knows why I'm involved with Stanelco then it must be greed or maybe I'm MAD or have a death wish.)I don't have the AGM docs to hand but I think it said "starpol 3000 FDA approval expected in a few weeks".That was over a month ago.Glorious hot and sunny in Cork.

Pad,

from AGM statement:-

As announced on 14 February 2006, Starpol 2000 now has the
relevant US FDA approval, along with its European equivalent. Starpol 3000 is
expected to be confirmed as fully compliant under the same regulation and we
expect approval in turn for this within weeks - as with another of our products
Starpol Wrap which is an ideal product to replace waxed paper for burger wrap
and other deli counter applications.

There are often posts stating that if SEO don't pull their finger out, alternative manufacturers/products will be a threat. Although the following is about a different natural substance to that being used by SEO, it gives a good insight into the future of such innovations. The most important paragraph to me is the last one in the full article which I am sure applies to many similar innovative ideas. For full article see link. http://www.radionz.co.nz/news/latest/200606051759/11492106

New use sought for waste potato starch
Posted at 6:01pm on 5 Jun 2006

Scientists are working on refining waste starch from potato chip manufacturing for further use in the expanded polystyrene market.
Plastic could be made from barley?
Conventional on-farm plastics could be usurped by a film made from barley, if research being conducted by the Biopolymer Network is successful.

And the following is why SEO are in front and have an advantage ( perhaps not for too long though )
BUT Dr Larsen says it's not a simple process and a workable product is still about THREE years away.

My comments....And then of course comes the process of testing, sales etc.

So there are two main points here .....1 SEO need to move forward re contracts in the next 2 to 3 years. 2 They need to keep the new products in advancement of their competitors.

In my opinion they will do both, at least for several years.

well that kept them all quiet Greekman

Cheers Barney,

I was beginning to think I had upset everyone. Glad to see that without news, the sp appears to have reached a bottom, at least for the time being.

A pretty good day I would say with reasonable volume, buys well out-performing sells; some decent buy trades at end of day. Momentum chart moving more positive.

Strange how some posters accentuate the negative: we haven't had the Starpol 3000 approval yet. Yet we do have the Wrap approval which suggests that Starpol 3000 will follow; no known reason why not. So why not reflect on a series of positve news items in the last month or two with indications of progress in negotiations with several mega companies. The price is only so low because it has over-reacted to disappointments which only impact the speed ot take-up, not the relevance of the products. One can either stay on the side-lines or carp or be on the field of play getting ready for the enfolding story.

Eric

Eric

The reason that the SP is 9-10p is that the rise to 30p was predicated upon the roll out of 200 Greenseal machines. Quite simply SEO have not delivered and the SP reflects that failure. With another placing to raise funds it is also clear that the company are burning cash rather than generating it. That is not to say that they will eventually deliver, but their credibilty is somewhat tarnished and I would be surprised to see a swift return to 30p. Admittedley I was stopped out some time ago (having been in profit, like many others) and it would need some concrete evidence of sales before I would even consider buying back in. However, nor would I risk a short, just in case SEO capture the imagination once more. Personally I think that is unlikely, stock market BB favourites rarely have the same impact twice and I don't see a rapid second coming. I hope all those that have tried to catch this particular 'falling knife' are rewarded for their faith in the not too distant future.

pth

I beg to differ pth,

Admittedly the sp was way overdone to reach ~30p, fueled by hype and the great potential revenues to be realised by GS alone. The sp commenced its decline from Monday 23rd May 2005 coincident with the RNS announcing Stanelco signs 1st commercial deal with Asda supplier for Greenseal packaging, bottoming out and settling on a 13p to 15p trading range from mid October.

A combination of factors sustained the decline in sp:
Poor interims
Confusion over the exact exclusivity start
Biotec acquisition & 9m fund raising seen as a great deal now, but not so at the time
CC uncertainty
Etc, etc, etc

The point is, the sp was halved before the hold-up in GS delivery was even realised by the general public.

Garyble

You are certainly right in your assumption that the SP declined 50% on hype. But it is also (depending where you pitch your tent) a further 50% or so down from your 13-15p trading range. It is this decline that reflects the failure to make progress with Greenseal.

Although I no longer have an interest, I like most, retain an interest in shares I have onced owned whether sold at a profit or a loss. I am not an embittered individual, I have taken the loss on the chin, but the latest palcing and continual changes of NOMADs, plus the lack of Greenseal orders does make me feel that there is still a long way to go. Too many shareholders are in love with this share, rather than taking an objective view. I would also suggest that just because Institutions have coughed up more money at 8p ish, this does not necessarily mean that the SP will remain above this level. Afterall it did not do so previously.

pth

Obviously I hope Gary and co. are more right than PTH but good to read both sides of the argument without having to listen to more slanging matches! IMO: the recent placement will become the support/resistance level. Yes, Institutions do get it wrong sometimes but their fund managers are also held accountable to higher powers and I believe a deal, if/WHEN it comes, will make a huge positive impact to the sp.

Yes I agree. Good points put by both sides.