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

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.

oblo, in answer to your questions, yes the chart did predict a rise and a fall. yes i did make a handsome profit and no i don't use a crystal ball.

"The SP is low because not all investors are as clever as we are"

oh dear.

i agree with the earlier post that this statement has been released due to investor pressure, as at 5.30 balchin said clearly to me that yes exclusivity has ended but we are not talking to anyone else, he could have told me it was being extended as it was not price sensitive.

Bos,

I dont believe it - show me the chart please! It may have recorded it but it couldn't have predicted it, particularly the bounce.

For example, how could a chart following someone's income of 50,000 per annum who won the lottery predict the jump to, say, 5,000,050?





As to how clever those of us who haven't yet blinked are, time will tell!

I agree the company are pathetic when it comes to investor relations. Ever the optimist, I take the view that ASDA extending can only be good news and maybe they're waiting for Starpol 3000 approval so we can go straight into the complete "vertically integrated solution" or whatever the hell it's called. Here's hoping. Still in for the long term.

bosley,

Obviously hit a raw nerve with you.

Most enjoyable.

The SP is low because not all investors are as clever as we are!!!!!

The clever investers sold when the price was around 16p and took profits around 28p and will buy back in when the time is right, if and when that will ever be, that now leaves the novice holders who don't know one of the basic market principals of cutting your loses.