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

I'm an engineer for a food producer {multi-national} in the UK, but our products have long shelf-lives so stockpiling is not a problem. A 24/7 operation, we consider a day and at most two an annual shutdown. I'm assuming the clock starts ticking once certain "short shelf-life" items are packed, so stockpiling would be a problem.

Looking back at old RNS's I came across this one.

With the recent talk of commercialisation of the first machine (i.e. at the time of the AGM and in recent SEO ASDA exclusivity statements) I'd forgotten this RNS, in which it was announced that a contract had been signed with an unnamed ASDA supplier. The 'first commercial' agreement.

How can SEO recently have been talking about the first commercial machine when they announced it over a year ago? Is this why the 2 month extended exclusivity announcement ending with the first commercial installation was pulled from the website?




Stanelco PLC
23 May 2005

23 May 2005


Stanelco plc

Stanelco signs first Commercial Agreement with ASDA Supplier for GREENSEAL(TM)


Stanelco announces that following extensive trials it has now entered into a
formal commercial agreement for its GREENSEAL(TM) technology with a dedicated
ASDA supplier, endorsed by ASDA themselves. This first commercial agreement will
involve the conversion of a Mondini tray-lidding machine at the chosen supplier.
Stanelco cannot reveal the name of the supplier for commercially sensitive
reasons.


The GREENSEAL(TM) technology will provide a number of benefits for both ASDA and
the consumer including increased sales, reduced waste, longer shelf life, cost
reductions on packaging materials, energy and labour savings, as well as the
extensive environmental benefits.


Trials continue with other selected ASDA suppliers and Stanelco will announce
further updates on these when appropriate.

Tweenie,

Your earlier query re: Mondini was as you thought mentioned in the T&G report:

"Forecast profile
The Greenseal technology is fundamental to the future financial profile of the group and critical in this are the underlying volume assumptions for each retailer, supplier and manufacturer. Our forecast financial model is based on the following underlying assumptions:
....................................................................................................................................
5. That Mondini launch a new machine during 2006 which sells 50 units initially rising to 150 the following year and 200 thereafter.

Oblo,

Could be that SEO were a bit premature with their statement, and the "tooling longevity" issue etc proved that perhaps it wasn't quite ready to be commercialised!

We know that Grampian have a Mondini machine, Hitchen have at least one proseal, but had provisionally ordered 4......

The initial orders occurred within a month of each other leading quickly to the "successful" conclusion to the trials followed by a long period devoid of any mention of GS.

Its now make or break time for GS, but hopefully we should be hearing of some orders flowing in.

Oblomov

Thanks for digging up that RNS of 23 May 2005. I have copied this to a query file and will be asking for clarification about it in due course as I do think that today's announcement on the web site only serves to muddy the waters against previous RNS and other announcements.

I have also sent an e-mail tonight to the Martin and Howard asking them to respond to the one I sent on behalf of many investors who between them own several million shares, as soon as possible.

I am determined to impress upon them that they have to be a lot less cavalier and lot less vague with their announcements in the future.

The oily one

cheers garyble.

Just to prove its not only SEO, Asda are yet to reply to my e-mail regarding packaging issues.
Alan

'Morning all

Just received an e-mail from Sylvia Leavey this morning in reply to one which I sent last night asking for a reply to the one I sent on Thursday last week, the contents of which I posted on three boards.

Sylvia said that Investor Relations had not received the e-mail. I replied that it was sent to her personally by mistake and that unless she had not opened her e-mail since Thursday last week, she should have seen it.

Does anyone get the impression of not only smoke and mirrors, but also incompetence and .... well untruths being dished out. Would you believe that someone in Sylvia's position would not open their e-mail for three whole days?

Makes you wonder doesn't it?

I have this morning again sent the message which I originally sent last week to Sylvia, to Investor Relations with a copy to Sylvia and asked her to confirm her receipt.

Hopefully I shall get confirmation of receipt and then a reply to the questions I asked in my message last week.

The oily one

I have just picked this up from another board - I cannot substantiate it - and I would have expected an RNS - so doubt its valididty.

Has anyone else heard anything ??

"Packaging News magazine ran a front page article saying that Terry Robins was no longer COO and lots of other people had been sacked. And a new imterim sales director and project director had been appointed."

Bhunt1910

I think I shall send a message to Sylvia asking for confirmation of that and ask why, if it is true, it has not been announced in an RNS.

The (persistent) oily one

I have just taken a look at Packaging News on the web site and cannnot see any item about Terry Robins. It might well be that the latest issue is not released onto the web yet.

The (persistent) oily one

I heard a rumour last week that 13 people have been sacked. I think its got to do with a lack of operating cash.

Baza,

They wouldn't issue a RNS unless they had to, which I dont think they do in this situation. They're not voluntarily publicise the fact if it is true!

Where did you hear this rumour and is the source considered credible and reliable?

If that is true, I would love to get to speak to a couple of those people. They are sure to know a lot about what is going on and would probably be happy to dish the dirt.

I am sorry that I am sounding so negative about the company, but I am sure that there are some amongst us who feel as though we are seeing the makings of a "Titanic" here. If there is a possibility of this, then we need to know so that we can individually take our decisions as to what to do with our investment.

The oily one

I heard it from a source I believe is very credible and reliable. There is nothing price sensitive about this info. But as you say, it indicates to me that cash flow is THE major issue.

We need some sort of income, if not SEO wont be around at xmas. I wasnt aware that Terry Ribbins was one of them however. I was hoping that the had got rid of the bottom layers, not the top!!!

I'd happily see Terry Ribbins go - hope its him and not Terry Robins.

tonyrelaxes

Please PM me on FYB with your phone number again. Unfortunately I emptied my whole inbox by mistake.

Thanks

The oily one

Stanelco only employ about 40 people, so 13 is a large number to lose!

The lower levels are not the problem as their cots is relatively low. Its the R&D, Stock, travel and entertaining etc plus a couple of big boys which has hit the Admin expenses.

Of course, if SEO have found that they can survive on fewer people all the better.

LOL, noted Oblo! I think i'll leave it unedited so your post doesnt seem odd.

SEO have confirmed that Terry has left and that they have made some redundancies as part of a cost cutting exercise - which is good news and could be seen as positive I guess.

Terry remains as a consultant to SEO - which is how he started out I think.

Martin is still in talks with WM and Perseco - and they apparantly are proceeding well - but as with all these things - they take time