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

Thanks Oily,

Message received and will reply.

Thanks Kim.

Thanks Oily - received and have replied.

'Morning all

This was sent to the company three weeks ago.

"To whom it may concern

I have pasted an extract from your latest web site, which thank God is a great improvement on what existed before.

"Stanelco PLC, the RF (radio frequency) applications group announced on 24th March that it has signed a binding contract with ASDA for a 12-month exclusive agreement for the application of the Group's GREENSEAL tray lidding and thermoforming RF technology in the UK and Ireland."

My issue with the extract is that it deliberately seeks to be misleading to new visitors/researchers of Stanelco's products in that it does not make it clear that the agreement was signed in 2005. I am great believer in Stanelco products and hold a considerable number of shares, but excuse me being blunt, I think that this borders on gross negligence and should be corrected as soon as possible.

Given the history over the past eighteen months of over optimistic news releases, I just wonder when the company is going to take its responsiblities in accurate communications seriously.

I await your prompt response with interest.

Yours sincerely



The reply:

"Dear Mr

My apologies for the delay in replying.

Thank you for bringing the omission of the full date to our attention. This was an oversight on our part and will be rectified as soon as possible."

Best regards

Sylvia

The oily one

I am thinking of sending the following to the company as soon as I get back from teaching my yoga classes this morning

Please feel free to make constuctive comments/criticisisms as bluntly as you like:


Dear Sirs

"Stanelco is pleased to announce that the exclusive agreement between ASDA and Stanelco for Stanelcos GreenSeal technology has been extended for a further 12 months. The exclusivity of the agreement will be waived after the first machine has been installed in an ASDA pack house, which will allow Stanelco to then offer GreenSeal to non exclusive ASDA sites."

The following above statement raises many questions and many contributors to investment bulletin boards are extremely confused and some annoyed about its contents.

1. In a previous e-mail to your offices, I highlighted the fact that the announcement on your new web site about the exclusivity agreement with ASDA last year was not dated, thus giving the impression that this agreement was signed this year.

That error was subsequently corrected with an apology for the oversight, but how is it that the exact same mistake has been made with the above announcement? Why no date again?

2. Many investors feel that such a seemingly important announcement should not have been withdrawn after only about 24 hours. Who made the decision to post it, was that decision agreed with other directors and, if so, who made the decision to withdraw so soon and what drove that decision? This strange episode gives the impression of a degree of chaos, lack of quality control and effective communication both within the company and without. It is terrible PR.

3. Without knowing the intricacies of regulations controlling the release of RNSs, it is the opinion of many very concerned investors that this type of information which has a definite bearing on their investment decisions should have been made through an RNS as were so many other announcements some of which were a far too optimistic in their content in the past.

4. I was at the AGM, and was told that a Greenseal machine had been running for 16 hours a day without problems and the company expected to have a fully commercialised installation within eight weeks. That expired on the 27th June. Surely, if the company was that sure of its position at the AGM then a follow up announcement should have been made confirming that such an installation at an ASDA packing house had been achieved. And, as no such announcement has been made, are we to assume that the company was AGAIN being a little nae in its prediction.

5. Many investors are totally confused as to why, after extending ASDAs exclusivity for a further eight weeks at the end of the original period, and given the confidence at the AGM about the full commercialisation of a machine, it should be necessary for an additional 12 month exclusivity extension? Most investors now feel that, if it might take as long as 12 months to get a successful installation why else give ASDA this extra period - then the AGM statement was AGAIN hopelessly optimistic and further seriously damages the trust we have in the companys management. The fact that the exclusivity is to be waived as soon as a successful commercial installation has been achieved does little to dispel our fears about what is really happening behind the scenes. The directors should place themselves in the shoes of the companys investors.


6. Towards the end of last year ago an announcement was made about the trial of Starpol with ASDA which was to last three months. If a time period is given for the length of a trial, then most people would assume that a follow up announcement soon after the end of the trial period should also be made. Without it, there is conjecture as to what might have happened; successful, or not and leaving investors very uncertain about their investment in Stanelco.

This unhappy state of affairs is causing some worried investors to wonder whether ASDA have decided to walk away from Stanelcos products. Can the company please confirm that there is absolutely no problem whatsoever with its commercial relationship with ASDA and by extension its parent WalMart?

7. There is a widespread feeling that whilst the company may be very good at developing potentially world beating products, it is serious underperforming in getting them to market. A very simple example of this is the reluctance of the company to get a decent web site developed which shows a worrying lack of knowledge about this medias effectiveness in providing information direct to customers who wish not to contact it via phone or normal mail.

I believe that an investor was told that the company has more important things to think about than the development of the web site. This is the electronic and digital age where people demand instant information and if they cannot get it, they simply go to a competitor, even though Stanelco has patents on many of its products.

It seems that the company was partly provoked into improving the design and content of the web site by the number of referrals to the company from Paul Mastersons site. I wonder what sort of image and message that must have conveyed to potential customers that they could only get information from an enthusiastic investor and not the company itself. The management should bear in mind when they put their heads in the sand it exposes their arses as a target.

To me, personally, it is clear that there are several skills and awarenesses which the management do not appear to have and which they should acquire very soon by recruiting people who have them. Without them, notwithstanding the brilliant products, several people are predicting the sad demise of Stanelco PLC.

8. We are aware that answering this e-mail will take some management time, but hopefully these questions will graphically illustrate the real concerns of many investors about the quality of management and the manner, content and accuracy of the information in the companys communications over the past 18-24 months.

I, on behalf of many investors look forward to receiving the companys detailed response to each and every one of the above questions as soon as possible.

Alternatively, several investors have suggested that one or two directors meet with three investors to discuss their concerns in detail. We are quite happy to come to Southampton for this meeting and welcome the opportunity of being shown around to obtain a broader view of its operations.

The oily one

How about shortening it to;
Dear Sylvia,
What the F$%s going on here?
Oily.

It kind of sums up what we all want to know.
Alan

Oilywag good note, get it off to them although I suspect you won't get an answer. I e-mailed them got no answer and have since rung Sylvia twice being fobbed of each time that Martin Wagner was in back to back meetings in the US. One other option is some one could ring ASDA direct but whether you would get anything from them or compromise SEO's negotiating position I haven't quite figured out. I have Tony Ruane's number and I guess my view is coming around to the one that if SEO don't provide answers then investors are at liberty to dig as deep as they need to get them. If anyone has the time today to think this thru and make the call they are welcome to have the no. I may give SEO 1 final chance to respond though.

One remote possibility in all this is that trials and recent developments in the US have prgressed quite quickly and that SEO may be close to an initial (probably small) deal of some sort and are looking to tie the whole picture together. It could be that the ASDA statement confused this somewhat.

Also re-read some of this year's RNS's again yesterday and one thing stated (interims I think) was that Starpol is now selling in the US. Previously I understood that all Biotech Starpol had gone to SP Metal (for bags) and a small amount to a Swiss Pharma company. I wasn't aware SEO had actually started selling Starpol in the US. Does anybody know exactly what is being sold (Starpol wrap? / tray?) there was no communication from SEO as I remember.

Go for it Yoga Man ,you might also ask a simple one"what has become of FDA approval for Starpol 3000?".I would be very surprised if you get answers more than" we will be updating the stockexchange soon"but hope I'm wrong.

No Point in ringing Asda.
Most of their senior staff are in conference in Harrogate.
this conference is for senior buying and sourcing management, which is kind of the area we would want to talk to, and this may be another reason why info about the Asda trial is hard to come by.
Might also be something to do with the whisper Pinnacle got.
Might not as well. Who knows?
Alan

Pinnacle what was the whisper you heard Alan refers to above?

Hes playing that very close to his chest, dawall. Given some abuse I got a couple of months ago, I can understand and respect that.
In my more wild and exuberant moments, I was wondering if the conference (organised a couple of weeks ago) was to inform buying and sourcing staff of a new strategy regarding packaging, and instructing them on its implementation. Asda may have requested that SEO keep mum until they rolled it out to the required staff and announce it to the public at large.
Pinnacle expected an announcement on Tuesday, which by coincidence is when the conference started (I believe), but the conference lasts till at least Saturday, so if this was what Pinnacle had heard, it may be Monday before anything can be said.
I Know its a wild fantasy, and logically I am most certainly way off the mark. Not least because my knowledge of the conference comes from my imaginary friend (who works at Asda)!!
Alan

Oilywag,

well done -sending it cannot do any harm.

I am fed up with being humoured by them and having no communication.

oily,

"The management should bear in mind when they put their heads in the sand it exposes their arses as a target."

quote of the week!! i think that line should be in bold capitals. absolutely fantastic :))

Oilywag,

I have sent several E-mails over the last 2 months.
The first 2 I received very quick replies with as much info as I expected due to restrictions on what can be released.
The last 2 No reply after over 10 days.

Your E-mail has highlighted all the issues that they should answer.
If they do not reply to it, could I suggest we all copy it (with your permission of course) and send it en mass, this might be more affective.

Cheers Greek.

Ask one of the checkout girls next time your in ASDA.

Here's a response I got on the 24th July, not much to go on really.......

Hi Sylvia

Thanks for your response but there were three questions which I would be grateful for an answer on that in my opinion isn't classed as market sensitive as follows:

Further to your email dated 15 July and my reply to you dated 18 July I now complete the outstanding questions as requested:

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

Perseco: We have no say on what other companies do or do not put on their website.

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 or anyone in the USA? Again there is no mention of their machines using RF technology on their website let alone a mention of Stanelco?

Greenseal: Machines have been retrofitted successfully in our development environment for three manufacturers. They are in various stages of testing and acceptance with the ASDA suppliers.

Re Mondini, again we are unable to comment on what other companies put on their website.

7.How long approximately does it take an engineer to retro fit a machine with Greenseal, ie how long is the suppliers machine out of use?

Retrofitting with Greenseal: This depends on various issues, such as which machine and what material is used. This is where R&D comes into the scenario, making the timing different on all machines.

We are also in discussions with the OEMs so that the technology is offered when new machines are sold. This avoids retrofitting clearly an advantage.

Best regards

Sylvia

I have just emailed Perseco It's better to ask the train driver rather than the oil rag.

Think downside on this share is now virtually non existent. Let's face it, who would short this share at at current lvl whilst holders may just as well hang on as surely something positive will have to come out sooner or later....(wished i had follow my instinct though and sold at 25p/s but thought with my luck WM would sign up on the day after i sold so i did not...) At least a slight recovery sofar today

just left voicemail with tony ruane on asda-seo current relationship.

Just had a spare moment to check my emails, have received a reply!:-

Thank you for your email. We have been experiencing problems with our website and our IT System.

However, I can tell you that the statement you read on our website regarding ASDA is correct and will be put back on our site as soon as possible.

Best regards

Sylvia

Obviously there are now more questions to be asked so go for it Oily! I hope you don't mind me pointing this out, if you have not sent your email, there should be an 'ly' on the end of serious (para 7 :-7. There is a widespread feeling that whilst the company may be very good at developing potentially world beating products, it is "serious")
kim

Thanks Kim

I have changed the message quite a lot from what was an eruption of pique late last night. It is now shorter and more succinct.

The change you mentioned has already been made.

Bosley, I have changed the quote to read 'Confucius say, "creature with head in sand gets arse kicked".

In an impudent moment, I used that on the Chairman of the company I consulted for for 20 years and nearly got mine kicked!

Any more comments before I send it at 2.30pm today?

The oily one

PS Its amazing what the threat of an investor revolt will do for the share price!!!