bosley
- 20 Feb 2004 09:34
angusrjy
- 03 Aug 2006 11:18
- 18405 of 27111
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
robinhood
- 03 Aug 2006 12:06
- 18407 of 27111
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
ssanebs
- 03 Aug 2006 12:44
- 18408 of 27111
just left voicemail with tony ruane on asda-seo current relationship.
kimoldfield
- 03 Aug 2006 12:50
- 18409 of 27111
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
Oilywag
- 03 Aug 2006 13:04
- 18410 of 27111
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!!!
hewittalan6
- 03 Aug 2006 13:05
- 18411 of 27111
Hmmmm.
Not certain I fully believe that reply (its content - not that it is a genuine reply). Its a bit too pat to just say IT problems. i wonder if the problem was more about the content and changes that were required.
if so, that could be very good or very bad.
Alan
ssanebs
- 03 Aug 2006 13:09
- 18413 of 27111
oily
can you ask why the directors have not purchased any shares as they are so low, to give investors confidence
kimoldfield
- 03 Aug 2006 13:20
- 18414 of 27111
Driver, yes Asda are still there; I didn't think they had gone because SEO would have had to remove their name from the Greenseal History Product part of the website. Alan, I believe Sylvia on that one, I have noticed the odd blip on the website every now and again and the Biodegradeable Airbag site seems to be suffering!
Do the directors have loads of options to take up whenever they want, hence no need to rush to buy? They could still buy shedloads more though couldn't they!
Good luck Oily, I think your Confucius quote is brilliant and very apt!
kim
Oilywag
- 03 Aug 2006 13:21
- 18415 of 27111
ssanebs
Sorry, I have had to go out for a short while this afternoon and have sent the message a minute ago. Did not include that question, but may be able to glean an insight to it by the reply I get.
Will advise all of it as soon as possible.
And thanks to all who took the trouble to respond with suggestions.
The oily one
oblomov
- 03 Aug 2006 13:29
- 18416 of 27111
Regarding replies from Sylvia - PM1 has also now received a reply and I've copied it below from his website (hope he doesn't mind) as it gives a little more info:-
-------
Thank you for your email. Apologies for the delay in replying, we have been experiencing problems with our IT System and Website.
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.
We will be updating the market as soon as possible.
Best regards
Sylvia
Mad Pad
- 03 Aug 2006 13:37
- 18417 of 27111
So with regard to the retrofitting and testing what exactly has changed since the AGM or have I missed something?
rajstar
- 03 Aug 2006 13:40
- 18418 of 27111
i too have received the same mail as kimoldfield, exactly the same word. However i had sent a mail to ASDA Customer Services as below and recd a reply.
To: ASDA Customer Services
Hi,
I am a 70yr old pensioner and am keen to know about your greenseal products. I was told last year that ASDA is trialing greenseal products and by the end of Jul06, all the meat, frozen food will be greensealed which will extend the life of the products on the shelf. Please advise if this trials have been succesful as i am very keen to know if ASDA is on track to be the No1 leading supermarket in the whole world together with your parent company.
Appreciate your reply.
Best regards
XXXXX
reply from ASDA
Thank you for your message.
Thank you for your e-mail
Unfortunately no information has been released on this at the moment, until nearer the time it will be in stores.
I am sorry I can not help you any further on this.
If I can be of any further assistance to you please do not hesitate to contact me.
Yours faithfully
Arlene Murphy
ASDA Customer Relations
rajstar
- 03 Aug 2006 13:43
- 18419 of 27111
" Unfortunately no information has been released on this at the moment, until nearer the time it will be in stores"
---------------------------------------------
If I decipher the above
" Unfortunately no information has been released on this at the moment"
That means trials has been completed and awaiting some contract sign off.
"until nearer the time it will be in stores"
So the deals are on.
Anyone else read it differently..pls have a go.
Oilywag
- 03 Aug 2006 13:43
- 18420 of 27111
Hi all, the following is what I sent about 15 minutes ago. Got to out now for a while. Will let you know what response I get.
For the attention of Martin Wagner and Howard White
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 has confused and annoyed many investors
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 oversight was subsequently corrected with an apology, but 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 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 gives the impression of a degree of chaos, lack of quality control and effective communication both within the company and without. It is terrible and disastrous PR.
3. Without knowing the intricacies of regulations controlling the release of RNSs, your investors feel that this type of information, which influences their investment decisions should have an RNS as were so many other announcements during the past 18 months, some of which were a far too optimistic in their content.
4. Attendees at the AGM, were 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. Why has there been no factual update on this issue?
5. Also please explain why, after extending ASDAs exclusivity for a further eight weeks at the end of the original period, and given the confident AGM announcement, should it be necessary for an additional 12 month exclusivity extension? If it is because it might take as long as 12 months to get one successful installation (why else give ASDA this extra period) then the company was AGAIN a little nae (or negligently optimistic) in saying that SEOs products were on the cusp of commercialisation? Such incidents seriously damage investors trust 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 private investors who are not privy to the day to day dealings within the company.
6. At the end of last year you announced a three month Starpol trial with ASDA. 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 a prompt statement on the success or otherwise of the trial investors are wondering 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, insofar as they have been exposed to the companys products?
7. There is a widespread feeling that whilst the company may be very good at developing potentially world beating products, it is seriously underperforming in getting them to market. A very simple example of this was the reluctance of the company to get a decent web site developed. This 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 and seek alternative solutions.
It seems that the company was partly provoked into improving the design and content of the web site (which we all applaud) by the number of referrals to the company from Paul Mastersons research 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. Confucius say creature with head in sand gets arse kicked.
We collectively feel that there are several skills sets which are absent which should be acquired through recruitment. Without them, notwithstanding the brilliant products, we fear the sad demise of Stanelco PLC.
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.
We look forward to receiving the companys detailed response to each of the above questions as soon as possible. It would be greatly appreciated if your answers could be written immediately beneath each question and without adopting the mushroom approach of darkness and manure.
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 the premises to obtain a broader view of its operations.
My sincere thanks in anticipation of your prompt response
Yours sincerely
Investor
hewittalan6
- 03 Aug 2006 13:58
- 18421 of 27111
I like the Asda reply!!
Until it is in stores. Not If.
Something is baing awaited. Contact sign off? Not sure.
Proper whistles and bells launch?? maybe.
The contract is already in place. Remeber the envisioned 200 machines?
Could we be about to rock 'n' roll.
Been too disappointed in the past by this to be overly excited, but that looks more promising than it did 15 minutes ago.
Alan
cynic
- 03 Aug 2006 14:05
- 18424 of 27111
Alan ..... sorry to add my usual dampener, but the whole sentence read ...... "Unfortunately no information has been released on this at the moment, until nearer the time it will be in stores" ..... First this is bad English throughout and secondly it only came from Customer Relations rather than a director ...... It would be a brave (and rash) man to hang his wallet on this pronouncement.