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

Alan, that's my slant.
Hopefully R&D is over and so ta ta and thanks for all the fish to those staff....
and onto rollout.
Then again they could be Fu@@ed and selling all assests.

Not my slant, tweenie. It's just what I hope it means!!!!
Alan

Just musing over what Martin Wagner said at the AGM about being a little naive with regard to the amount of time it would take to instal the Greenseal machines.

With the benefit of hindsight, I find that very hard to believe given his experience at ASDA in the food packaging business. If he did not foresee some of the problems associated with the installations then he really is an awful manager, And this man is CEO of Stanelco!!

By the way I am still holding.

What we need is a new man at the top. Now Charles Allen who is leaving ITV in a month's time will be looking for something to do. Pity the company could not afford him! Doesn't matter that he does not know much about packaging; he has superb management skills and a very quick grasp of the issues affecting any business. This is what SEO does not have.

The oily one

That's a good idea, just think what he could do, what about "I'm a Stanelco investor get me out o here!"

Right. I'll take it on the chin, like a man.
i have it on very good authority that Greensealed packaged foods will be available in Asda from a few weeks from now. The machinary that is packaging them is in its "proving" stage, and more machines will follow, providing it proves okay and subject to feedback.
Don't ask me who the authority is cos I will not tell.
Like it or lump it. i cannot substantiate it. Call me whatever you will. How everyone chooses to view this post makes no difference to me or my holding.
Alan

angus - LOL

Alan

I believe you and I know that many others will as well.

But "proving", this is a new word to describe what is going on with the machinery. How many more variations of the word "testing" is there in "Roget's Thesaurus" for God's sake? If it does not mean testing, what else can it mean? (Haven't bothered to look in Roget's myself - too lazy right now)

All I would like to know is, is the man connected to a packaging firm?

The oily one

Thats great Alan. I hope that that is the case and I have no reason to question your post-however unless that comes off and income starts flowing from it, there wont be any company called SEO to sell Greenseal!!

I have a strong 'feeling' that finances are worse than most think, and they sacked staff to stay in business. I hold that view firmly. But we can only hope that some contracts do start maturing, which can now happen post the period with ASDA ending.

Like you I'm holding and very few posts affect my decision to hold, buy or sell, but I think the existance of this company is in the balance. The next three months are make or break. Either we're sitting pretty at christmas, or the company will have folded, thats my position at the moment until the income news changes. WHY ELSE HAS THE SP DROPPED TO 4P?

Its not a question of 'we're working with so and so', 'we're developing X', its 'we've sold XXX GS machines and they're paying on monday.' When that happens I'll be convinced that the future is bright.

Alan - you normally play with a straight bat (except when you are actually playing - so I am told!!). Out of 10 - where 10 is the highest - how much credibility do you give your source !

Sorry to press - but as you know I have substantial holding - and have always believed in the products of this company - and have always stated that I hold for the long term.

Am doing a review - do I bale out 'cos this company will never deliver - or bide my time - which at the moment is still my preferred option.

Thanks

Baza

Oily,
I really wish i could be more specific, I really do.
he is very well connected.
The machine is in its "final proving stage". This appears to be running it for real and looking for signs of potential weakness in its ability to keep going without breakdown or fault.
I can also say, as I understand it, the products will be on the shelves in a very few weeks and that Asda will seek feedback. A second supplier will also be online by then (both are very big names in the produce world) and my information is that several other very big names are interested, but want to watch Asda in action for 3 months before commiting to orders.
That takes us to christmas.
That really is the full extent of what I can say, and I cannot justify it in any way.
BTW. It is a very unusual source for me, and while I trust him implicitly, I cannot vouch for any track record.
Alan

Thanks for that Alan. I knew we needed to look to you for something positive - I thought from your posts yesterday that you were either completely mad or must know more than you were saying!

Oh, and thanks to your 'imaginary' friend.

Oily, re 18670

RNSs were issued on 4/1/05 and 1/8/05 announcing the appointment of Robbins as Chief Operating Officer and Wagner as Commercial Director respectively. Wagner was renamed Chief Executive in a Boardroom reshuffle announced on 28/11/05.

There is, or was a few minutes ago, a full list of RNSs on the SEO website, via the Investor Relations (sic) link. Interesting reading - for those who do not suffer from Hypertension!

Well if we're at Xmas with no income from these orders, there is going to have to be another generation of money from the market. And even that makes Xmas a long way away.

Not trying to gloss it. Just reporting what is reported to me!!
I'm not happy at all reference timescales, but I am happy because I can see big boys looking at Greenseal, and at last i will be able to nip to Asda and see it on sale!! (soon)
Alan

Assuming what we were told year(s) ago still stands, and my recall for figures is up to it, each conversion will bring in a one-off up front installation fee of 35k and an annual Royalty of 25k-35k payable quarterly in advance starting immediately.

So if things happen there will be income right from the start with the only costs being the actual conversion.

alan, you've certainly put the cat among the pigeons.
might have to force myself to go shopping soon to see the new products.
still happily holding for the long term.

I'd wait till next month, Tweenie.
;-)
Alan

always happy to put off going shopping

As I remember reading somewhere they charge 35K for each install but the actual profit is only 5K, the remainding 30K I presume is the actual cost of the hardware and the cost of the engineers time. Then the next years royalty I presume is pure profit of around 35K unless this includes maintenance of course?

Alan,

Any posts such as yours (18678) only cause problems when it does not state unable to substantiate. As you say it's like it or lump it.
I don't doubt you, but obviously I won't mortgage the house to follow it through, (I don't think you would want me to either).
I was going to ask you to put your address in print so we can all call round and buy you a pint if what you have heard is right, but then of course we would all know where you live (as they say in the gangster movies) and would still call round if you were wrong. Only kidding honest.
But seriously, we can all surmise on why the sackings. As said it could be for a multiple of reasons, good bad or indifferent.
The mud gets thicker.