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

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

We are not alone chaps (and Kim) in the land of the bewildered - EK is as baffled as we all are as to what is going on, and he holds a shedfull of SEO!!!! so he says lol

And another thing

-where is FDA approval for Starpol 3000, it was supposed to be within a few weeks (so SEO said earlier this year)?

- where are ASDA Greenseal / Starpol trials up to?

-how's the stapol wrap trial going?

- Mondini and Greenseal?

This latest statement is the last straw and I've seen enough. As soon as I get time to wade through statements I will compile a list of what has been said when and what appears to be outstanding vs what has been said previously. I totally understand new product development can take substantially longer than planned but do not accept that priv. investors can be fobbed off by the sort of statement to day and the interims. I wonder if Fidelity have sold or have stuck based on more detailed info. and discussions they have?

Anyone know the best way to contact Elizabeth Filkin and other non execs?

Re the RNS, question.
Since the rules were tightened earlier this year, there would have been no requirement on SEO's part to release, due to no or little chance of effecting sp.
Re the extra 12 months.
This IMHO would not be to allow for that 1st machine but as several have already posted to allow the full run out of all the machines ASDA may require.
As SEO have stated, the exclusive period ends re that first run of that first machine.
This would then allow approaches to other companies who may already have shown interest, thus allowing the mechanism to be put in place for that time when the ASDA quantity has been filled.
If we look back at the last 14 months with the difficulties re machine adaption, SEO will not have a chance in hell of fulfilling an additional order within 12 months, over the 300 that ASDA hopefully require.
There is no use looking at approaching other potential customers if you can't supply what they want.
A big complaint has been SEO's over stretching in the past.
Now IF the order run with ASDA really starts to roll, this may change things.
Not trying to put a gloss on anything, just looking at possibilities.

For what it is worth.

I don't post unless I think it's worth it.

This is only part of a very big picture/jigsaw.

If I am right then we will celebrate very soon.

Asda / wm do not mess about - look at today's news - if you do not have what they want then you are of no use to them.

Work it out for yourselves - but remember Stanelco are a small company and I think that most of us got in too soon - that is about to change - rapidly.

I would not say too much if I was them - I would keep you all guessing which is exactly what you are all doing!!

There is far too much at stake to make statements just to keep minority shareholders happy!!

Are they in a closed period as far as Directors buying shares at present. If not then where are the Directors' purchases if things are going so well. The price is certainly low enough.

SEO had close to nothing in cash when they raised 3.7m at the beginning of June. June. They had spent around 4m in the six months to April (4.3m cash down to 292k).

At the same cash burn rate that gives them about another 4 months before they need new income.

haystack, good question. it seems seo are in a permanent closed period.
pinnacle, i agree with you so let's stop guessing. look at the chart instead . what does it tell you? i would say it's only going to get worse. after 18+ months of "extensive testing" there is no progress with greenseal. again seo make a statement that can be pumped up (a la masterson) but has little substance.

Charts don't take into account conracts which are in current discussion.

Thank god that my business over the last 65yrs has not been determined by charts.

If charts are so accurate, what are you going to do with saturday's lottery winnings!

Charts only suggest trends - nothing else.

With a new business with products that have not been seen before, how can a chart predict the future.

Use your commercial and business sense to make decisions and put yourself in the place of the stanelco directors - if you held as many shares as howard white - would you want the business to fail - hardly.

So for what it is worth - think more broadly as if you owned the business.