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

Or considering it further, once an ASDA packhouse has Greenseal the Exclusivity ends so that packhouse can promptly use it on a non exclusivity basis for other customers?

If so, what benefit is Exclusivity other than silencing (?) questioning PIs.

The continued exclusivity may just be a red herring. If no one else is interested then exclusivity means nothing.

Tonyrelaxes

Balchin's apparent comments from earlier were that they weren't talking to any other supermarkets so I am presuming they could not use Greenseal to supply them which potentially restricts any role out

Anyone have a link into T&G or know when they plan to update on SEO?

sorry fellas, but no one should be surprised by all this.

Tony,

'If so, what benefit is Exclusivity other than silencing (?) questioning PIs.'

I didn't put it very well above, but the point is that the deals will be signed BEFORE the first machine hits the packhouse. SEO will be commiitted to install all the ordered machines - any new orders will wait their turn after the ASDA machines are in place. Therefor, ASDA get their required number first and the benefit of exclusivity is that they get their order in first.

Does anyone know how many ASDA only packhouses there are? Presumably the three that have recently been trialling.

In theory it could be another year before a machine is installed, and then how long before decent cash flow, who knows how much a deal with ASDA is worth,, if ASDA drops Greenseal so will WAL MART then what will the share price be.

The SP seems to have already discounted Asda/WM/Persico as it is now where it was in the old days of pre Asda negotiations. The real issue is that when a share performs as this one has, even the worlds best RNS is unlikely to have a huge impact. The only thing that will is a set of results showing big bucks.
i don't see much point in getting out, but I see even less in putting more in, so I'll sit tight and ride it out. If it goes tits up, then its only money........what the hell.

Tonyrelaxes, You say.
Reading this it seems ASDA can stop its competitors taking up Greenseal just by not buying one for itself !
Doubt whether any company would leave it's self that wide open. No doubt the legal teams of both sides would have gone over this with a fine tooth comb. There must be an agreed time limit, re that first installation

Oblomov,
Re your, part of an order so large that it would take SEO a year or more to complete (300 conversions?) during which time they couldn't accommodate any new business. I also put that forward a few posts ago re a possible scenario. Let's hope we are both right.

We are told that trials have gone well, they have overcome problems that they had on the m/cs ,how long have they been trying to flog the fag filter? how did things go when WMT + were flown over,SEO are only one of a number of companies that WMT are looking at. If all is well with m/c trials? then why oh why aren't they being put into production in the pack houses

Well, this lot are pretty good at developing technology that hopefully will become the accepted standard for biodepgrable packaging material in the future.

But I tell what, they are even better at putting out confusing and misleading statements either through RNS or on their web site. The announcement on their web site can be read in several different ways and I think that that is what they were hoping to do. And if that is the case, then one has to ask why.

As has been implied in posts above, giving ASDA a full 12 month extension on their exclusivity without mentioning how long it may be before a machine is likely to be installed sounds to me like bad and weak management. I think they all ought to go on a course on investor relations. Idiots!!!

The oily one

Jeez, to think I neally broke the bank and stayed, in last week! So glad I opted out - should have done so ages ago. Wish all you faithful long-term holders a change in fortune. But now I'm sitting on the fence observing, the future is clear to me - Stanelco could genuinly collapse if no deals are made within the very near future. To survive, more funds will definitely be required to stay afloat and who, in their right mind, would put their hands in pockets after watching all this ***p over the last 12 months? 4.9p at the moment!

Sorry, guys - just letting out a lot of pent up steam here!

Oily
you're spot on. Over weekend I will think about contacting the non exec directors next week. I have written to SEO but expect the same old shit back about being unable to make comments. I think investors are now being lied to, have possibly been lied to in the past and I think non exec directors should have a little more control over what and how a company that they have an interest in issues statements. There is absolutely no reason for issuing such a confusing statement. Also I would be interested as to why news regarding ASDA exclusivity has been downgraded from "RNS level" to a "short ambiguous comment on their website."

Why SEO must get their finger out.

Biodegradable food packaging launched in UK

By Ahmed ElAmin

Delhaize expands biodegradable packaging switch
Belu launches biodegradable bottle in mineral water market
Innovia targets confectionery with green packaging
Treofan and NatureWorks link up to market biodegradable film


28/07/2006 - A UK company has launched a new range of convenience food packs manufactured from biodegradable plastic.
Another company competing in the biodegradable packaging market is UK-based Stanelco. The company markets a natural, biodegradable food packaging based on starch, called Starpol 2000.

There are many more out there.
In it's own niche SEO do I still believe have a lead, but the other contenders won't hang about.

http://www.foodproductiondaily.com/news/ng.asp?n=69464-natureworks-rpc-bebo-biodegradable-pla

If they were confident of installing a machine in the very near future then why would they have given ASDA a 12 month extension? It seems that there are still problems which ASDA thinks can be sorted out, but they are not certain if they can, hence their demand for the extension.

Now, I may be completely wrong in airing these thoughts, but this is typical of the sort of questions that are going to be asked, all causing damage to the share price.

I've come across tossers in the past, but this lot are really gold standard in that department.

If the non executive directors had any guts they would be doing their jobs and challenging the executive directors on behalf of the shareholders to do their bloody jobs properly. Isn't that part of their job description?

My pet rock has more brains and business savvy than these sodding clowns.

The oily one

The question on whether this should have been an RNS - I'm sure those more knowledgable about STock Market rules will correct me if I'm wrong, but isn't a RNS necessary only if the news is likely to effect the SP?

If so, SEO were quite right in not issuing one, because the SP hasn't moved.

Markus, anyone putting money into SEO now in any substantial way would be privy to much more inside info than us - if they get backing it suggests to me that all is going well but that the details are too commercially sensitive to be in the public domain at present.

Thats what the last placing suggested to me. You wouldn't put 3.7m into SEO purely on the basis of what you read on MAM! They knew far more than the likes of us.

I'm still quietly optimistic, though quickly going grey!

Looks like your ten baggers going well Driver.

Looks like your ten baggers going well Driver.

And another thing, I would like to know why this statement on their web site was not issued through a RNS, given that it obviously has a strong bearing on the share price.

It, news of a commercial nature, should be up front and open and not issued surreptitiously via the web site. It is only because a couple of sharp eyed investors happen to visit the company's web site today that they news actually got around.

I think that both the content and method of the statement says a lot about the character of these people.

Christ, wasn't Elizabeth Filkin Head of the Parliamentary Standards Committee or something similar? What the hell is she doing?

The oily one

Oily,

I refer you to my post 18045