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 - 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.

Indeed it does.
As for my address, there is more than enough info on here for anyone to find it in about 3 minutes.
Good hunting.
alan

I note from the 2005 Annual Accounts that T.Robins had an option on 8 million Ordinary shares at a price of 4.75p exercisable as from 1/11/2006.

Also does anyone know if G.Whitchurch was a recent casualty as he also has an option on 8 milion Ordinary shares exercisable from 1/9/2006 at 3.5p.

Any guesses as to whether we get an RNS similar to that issued on

"16 May 2006


Additional Listing


The Company will make application to the UK Listing Authority and to the London
Stock Exchange for 200,000 new ordinary shares of 0.1p each ('Ordinary Shares')
to be admitted to the Official list and to trading on the London Stock Exchange
('Admission'). It is expected that Admission will occur on 24 May 2006. The new
Ordinary Shares are being issued pursuant to the exercise of options by a former
employee."

What is going on ?

Does anyone know what happens to the share options ?

Do they lapse on cessation of employment?

Are you a horticulturalist or a Genesis fan, Alan (or both)?!

When I was made redundant - I could exercise my shares for up to 3.5 years after I left the company.

I would guess that a similar deal will have been struck or it will be part of his severance deal. Either way - he left on good terms as he is still working for them so he wont have been unhappy with the deal.

Erm. neither. I am actually a virgo.
and i am wondering what the hell prompted those questions????
One of my business interests is freely available on these revered pages and that is sufficient to track me down.
i would not dare lie cos you could all find me and come round in the small hours to put a bat up my nightie.
Alan

a "nightie", eh? Now you're getting really interesting Alan!!

lol

The oily one

Well some of the management finally got a "bat up the nighty" at last, very long overdue if the company is to avoid going down the pan before it generates any decent turnover.

I dont post often on here but still stand by what I said before, the company is suffering from appalling management, the CEO chairman and the MD if not the whole board need replacing. Hopefully by now their lack of basic market research has been overcome by sheer blundering attrition.

We still dont hear how many Greenseal machines are installed and working, (I reckon its still only 1 or 2 on exhaustive test) they must be about 2 years behind schedule. I check each time I go in my local ASDA to see if a miracle has happened in the fresh food packing or Indian/Chinese/Thai take away area.

Their last RNS claimed income from Starpol in the USA is this money staying in the States or could it be used to lessen the next call on us? How is the accounting split between the UK and USA?

Should SEO be keeping the Starpol income in their USA bank account then this means if the UK operations are wound up (due to the cash burn for geenseal & no orders) then they avoid losing all the companies money. They could then trade under the USA company from there on without risk of any UK creditiors knocking, make good business sense if things are f@@ked up here in the UK. This would tie up with eariler post that the directors have returning back from the states this week.