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

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.

I too have'nt seen anything today thats has fundamently changed my opinion re this company.
IT's a long term hold.
I won't top up until a deal is signed.
BUT theres monies in the bank waiting.
Patience.

"would you want the business to fail - hardly" is not a helpful comment. It is not a question of whether he wants the business to fail. It is a question of can he make a success of it.

pinnacle,

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

yes they do. it's called "buy on rumour , sell on news". look at every spike and subsequent drop.

"Charts only suggest trends - nothing else."

what "trend " has the chart been suggesting for the last 10 months?

"if you held as many shares as howard white - would you want the business to fail - hardly."

what has howard been doing to halt the sp from sliding?

"Use your commercial and business sense to make decisions "

i did. i only wish i had used it sooner at 31p rather than 18p and 15p.

i truly believe that it is nigh on impossible to be objective while you are a shareholder. the seo picture becomes a lot clearer once you no longer have any shares. try it.

Can't see what all the fuss is about.

1) Extending the exclusivity with ASDA is not price-sensitive enough to merit an RNS.

2) Extending exclusivity for a year is natural- they can't be renegotiating every 3 or 6 months.

3) Exclusivity ends when first machine installed - ASDA know they cannot hold onto exclusivity forever, they just want to be FIRST.

Ian Balchin's mobile was a bad line- he could have said "exclusivity has been extended" aloowing for about a fifth of a second drop out??

He also said funding was "in hand"- I guess another fund-raising is planned. Always the way, start up technologies always take longer and need more cash than you can ever admit at launch.

Still holding and hating the SP, but still holding the business which is good on a 5-10 year view.

sd

Good posts stockdog and pinnacle, IMO.

Bosley, what a load of old coblers!

Charts only illustrate the SP of the past - they are only a record of PAST levels. Did the charts predict the rise last year from around 3.6p to 28p, and then the fall? If they did, Bos, I expect you made a handsome profit, but I doubt you did.

You'll be telling us next you use a crystal ball to choose your shares!!

What we're seeing now is a lot of blinking, a lot of flapping and panicking, based purely on the SP.

Forget the SP and look at the facts. If the SP was 24p with the same facts there would be no doubts -it is purely the SP that is causing the doubt and the SP at present is set by investors with less knowledge than us of what is going on in SEO - probably by people who take their info from press reports (or charts).

ASDA is still interested, we're told no technical probs with Greenseal and Starpol has full approval. Conversions are imminent or at most within the next year. We have been told that Starpol is selling well in the U.S. - the sales figs will hit the results in October.

This all looks good still - have faith in your original judgement to invest. The SP is low because not all investors are as clever as we are!!!!!

The confusion has, IMO, been added to because SEO are a tiny firm not used to dealing with the likes of ASDA/WM. They are out of their depth and have got the timescale completely wrong.

This has resulted in a lack of confidence. The bottom line is that the product is very good, it works, and ASDA want it.