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

Bargain sp right now for those with courage and plenty of spare, long-term cash (which I do not have, btw!)...............?

A bounce back at 13%? A real bounce back needs to be nearer 500%!

They had 292k cash as at end April. How much is left? At their prevous burn rate then nothing. They must have reduced their cash burn rate somewhat, but to what. There has to be some cash raisng news imminent.

Well there's no chance of this share being talked up by the mysterious haystack is there!!

The placing will take them to the end of the year - good news will be forthcoming soon.

If there is a rights issue then take advantage to avoid your holding been diluted or sell your rights to someone else!

The Haystack voice of doom is not as wise as you would think - do you really think Howard white is going to let the company fall when he is the main shareholder - I think not.

Markusantonius, my reaction on seeing this morning's bounce on T/O of around 600,000 shares by 11:00 was that it could be easily explicable by short covering :o)

Alan, great one about the gym visit; I'd have posted something similar but you beat me to it.

I don't think the company will fail, but I expect more dilution.

pinnacle
Haystack isn't that mysterious.

Finance news 18/07/2006
Wal-Mart works on its image

Wal-Mart has hired a former nun and international conflict negotiator to make the retail giant a more sensitive company. , Mr Haystack 65, will steer the company's policies on the environment, health care, and labor relations. A spokesman for one of the company's loudest critics, Wake Up Wal-Mart, said the hire was good news if it meant that Wal-Mart believes "that it must now do better" at providing better wages and health care for its workers.

LMAO - great!

LOL

A male nun? Is that possible?

There are lots of males who get nun!

The oily one

I am now very concerned as to what is going on with G/S. I e-mailed investor relations last Friday, got a response saying they can't comment on G/S so e-mailed again with more specific questions (below) and followed up with a phone call Tuesday. The latest response still gives no answers to very clear questions. When I questioned Sylvia she didn't seem to know much about what was going so said she would speak to a director who would give me a call. As you've probably guessed I never got such a call. The reason I was given for very little update on G/S in the interims was that SEO didn't want to repeat what had been said in the AGM. She also said some of the directors were in the city! ....probably trying to scrounge some more cash is my guess.

Dear Mr ???????

Thank you for your email and your telephone call yesterday.

We are continuing to work with ASDA and their partners to commercialise the Greenseal technology.

Please be assured we will update the market when we have any significant news.

Best regards

Sylvia

____________________________________________
Sylvia Leavey Investor Relations Manager
Tel: +44 (0) 2380 867 100
Fax: +44 (0) 2380 867 070
Email: Sylvia.Leavey@Stanelco.co.uk

***** This email is sent for and on behalf of Stanelco Plc and its subsidiaries *****

The contents herein are the views of the writer and not necessarily the views held by Stanelco PLC or its subsidiaries.
For more information about our company and products, please visit our website at www.stanelco.co.uk.

===================================================================================================================

Stanelco RF Technologies Ltd
Tel +44 (0) 2380 867 100

Starpol Technology Centre
Fax +44 (0) 2380 867 070

North Road

Marchwood Industrial Park

Southampton. SO40 4BL

England.

Visit our Website: http://www.stanelco.co.uk



===================================================================================================================





--------------------------------------------------------------------------------
From:
Sent: 14 July 2006 17:11
To: Sylvia Leavey
Subject: Re: Interim Results


Dear Sylvia

Many thanks for your quick reply. Please could you elaborate further on why you cannot make comment? A lot of comment has been made in the past on Greenseal but with today's interims it seems to have gone very quiet, worringly so for many private investors (including myself) who purchased shares at much higher prices than todays 5.8p following a 20% drop in price on the day. These purchases were made on information given out by SEO management in previous statements over the last 2 years in which the impression was given that Greenseal was going to be a substantial revenue generator. These views were reinforced by analyst reports like those from Teather and Greenwood and I believe shareholders deserve to know what is happening or maybe has gone wrong with Greenseal.

From these previous comments and statements either of the following conclusions could be drawn..

1. Problems have arisen with Greenseal recently and are there now issues that could prevent full commercialisation? If this is the case I believe the company cannot withhold such information from the stockmarket and consequently a statement should be issued.

2. Were investors misled in the optimistic comments and statements that were previously made by both SEO and Teather and Greenwood and reality is now setting in.

Can you confirm the reason as to why no additional comment can be made?

Can you confirm why the interims contained no significant update on Greenseal which is / was one of SEO's major potential products.

Is it because of stock exchange rules or is it simply because of other reasons and if so what?

Many thanks in advance for your reply.

Seems a fair enough response to me, dawall, considering the tone of your enquiry and that the last update was less than a week ago in the interims statement - i.e.

'Continued progress towards commercialisation of GREENSEAL technology with
successful trials completed with 3 major food packers'


Which brings me back to a question I asked here yesterday but which drew no response - surely someone knows (Pleeeese!)?

I asked:-

'I know we were promised (?) 200 conversions via ASDA, but did we ever know how many packers those 200 machines were spread amongst? Does anyone know how many machines these 3 suppliers are likely to have? '

P.S. I know we've seen it before, but this makes interesting reading - is it too early to say T & G got it wrong? I think it is :-

http://www.stanelco.co.uk/downloads/SEO121005.pdf

Oblomov,

Having looked back at my records, and having spent a bit of time trawling the sites, I can't find the info you asked.
Going from memory (which ain't that good) I am fairly certain the info was never put out, IE number of packers, also no idea re number of machines in total to the 3 suppliers.
I know the above does not help but I did not want you to think we were all ignoring you. I think it is a case that we are all as much in the dark as you.

Thanks for that greekman. Didn't think I was being ignored but wanted to be sure nobody knows the answer.

Quite an important point, dont you think? Those 3 packers could be running 20 machines each which could mean we're on the verge of 60 conversions. Or they may may be running 1 machine each.......

But surely ASDA wouldn't spread their packing amongst dozens of packers, would they?

Maybe Andysmith would know, but I dont think he's in attendence.

Reading the T & G projections again one point that stands out relates to the ASDA exclusivity period - i.e.

'Whilst these agreements are critical, equally important is knowledge of the supplier
base in order to ensure that the rate of adoption remains high.Many of these supply more than one retailer and therefore the rate of adoption could gather pace quickly once the exclusive period expires.'

'Other UK food retailers adopt the technology as Asda exclusivity runs out.
These are assumed (but not known) to be Tesco, Sainsbury and Marks &
Spencer.'

I've always thought the ASDA exclusivty to be a mistake, mainly because of this question of packers supplying other stores and using the same machines. How can they supply ASDA with Greenseal and then use the machine for Sainsburys on the next run when Sainsburys cant have Greenseal? The packers need to be able to supply who they want and maybe the exclusivity deal should have been signed with the packers in the first place.

We could see some action once this exclusivity deal with ASDA ends.

Hopefully.

One question I asked Sylvia which (surprice surprise) wasn't answered was how long it actually takes to retro fit a machine because I seem to remember the trials being delayed beause the packers didn't want to have a machine out of use while it was being retro fitted with GS, so SEO had to buy 1 or 2 machines two loan out while the refit was done. Does this mean that any eventual roll out is gonna be a slow progress as packers can't afford to take machines out of production and if SEO only have 1 or 2 machines to loan, even those 200 are gonna take forever to refit.

Its a good question.
Another good question is what the life expectancy of a machine is. Yet another one is what is its capacity or expected volume on average.
The reason these are good questions is that when they are fitted (and I am still confident, on balance, that they will be) these answers will help us work out the value of the contracts. So far, I believe, we have been looking at the revenue per machine installed and trying to guess based on that. We should also take into account X tonnes of Starpol per machine per year and the machine replacing every X years.
With that in perspective, the roll out may be very slow and way behind original schedule, but it may be very lucrative and almost ongoing for ever once it starts, as old retro-fitted kit becomes redundant and is replced by Greenseal fitted OE.
Just a thought.
Alan

I think the exclusive period deal with ASDA was SEO's way of getting in. I would guess that ASDA put that condition on the deal, IE no exclusivity, no deal. SEO were looking for a first step up which put the ball in ASDA's court. Once established (if it ever is) the ball will be firmly in SEO's court. If it does takes off and companies start beating a step to Stanelco's door the advantage will turn SEO's way.
If you have a product others want, competition among those customers will advantage the supplier, IE SEO.
And yes it still is a fairly big IF.

Angusrjy,

Don't forget they had started to look and manufacture new machines, which is another pointer to why go down that more expensive route without good feed back, re test results.
That is another detail that SEO could have expanded on in the results, as we have not to my knowledge had an update re these for some time.

Yes, thats another good point.

Sylvia had no reply to these questions either:

5.Why does Perseco not even mention Stanelco on their list of partners and suppliers on their website yet?

6.There was no mention of the progress with the contract with G Mondini, have any new machines been fitted with Greenseal technology and sold to Asda or any of it's suppliers yet? Again there is no mention of their machines using RF tchnology on their website let alone a mention of Stanelco?

I think question 6 is very important because Mondini manufacture new machines and if Greenseal was that good I would have thought by now (funnily enough exactly a year today since SEO mentioned their contract with them) that they would be making their machines using SEO technology. The only thing that may stop them mentioning it is the exclusivity contract with ASDA as it does say in the statement that initially the machines will be only made available to ASDA and it's suppliers?

One other question I don't know the answer to and if anyone does pleasae advise is can Stanelco's biodegradeable food trays withstand oven temperatures, because a large proportion of food sold in these trays are ready made meals which go straight into your oven at home?