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

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.

the directors along with other staff , have for some time been doubling as sales /marketing staff. e-mail them.
seo are short of experience in these dept's ---duh!!!
Hopefully now R&D is over , more resources will be funnelled in this direction.
RESULTING IN SALES!!!!!!
well happy to wait.
At least for once s/p moved upwards.
dare I say , book a seat at the 0.10p party.
LOL

It'll have to reach more than that before I feel like partying, Tweenie! lol

Make that the 16p party, and even then I wont have much to celebrate.

forgive me for asking, but if the news about which you are all going on about is so good, why did the pirce barely move and volume remain (i think) very muted?

No-one said the news was good.
The general tone today has been downbeat, with the odd glimmer of it might be for the best!!
We all know very little about what is really happening and most people have made it clear that until we do, we should not jump to any conclusions.
There has been the odd tongue in cheek post, such as the couple above yours, and a bit of other unsubstantiated info, but all going on about it being so good?
I think not,
alan

I notice asda are now opening furniture stores selling George brand furniture.
Wonder if it will be delivered in Frogpack?? ;-)
Alan

'Evening all.

Can anyone tell me when EWRobson is back from his hols which is where my memory says he is at the moment?

The oily one

garyble

I have sent you a private message.

The oily one

As briefly mentioned earlier, the shedding of personnel could be non-Starpol/GS oriented, also there could have been some overlap of expertise when Biotec came into the fold, so maybe some rationalisation.

Alan,

The horticulturist/Genesis fan question - sorry to have perplexed you. It was just something you'd said.

Oily,

Received and drafting a reply.

Apart from Robbins we have no knowledge of who the other exSEOs are, nor what they did or didn't (!) do for their wages. That would be interesting in trying to understand the overall strategy/reasons.

Generally, these days SEO is a company that develops IP. For that they need mad professors, boffins and some patent/legal bods. Production engineering does not fall within that - hence the tie up with Reisner, Advanced, Mondini et all. Once a technology is discovered, researched, patented and developed it then only needs a marketing team to sell it and a (small?) technical team to bring it to commercialisation (which appears for GS to mean actually up and running and accepted after extended trials) plus of course a clerk to invoice and collect the royalties .

Assuming the dismissals are GS related, their original role would give us a clue as to what may be happening. Pity the owners of the Company (us poor sods!) are the last to hear what is going on - and then from a subscription only trade paper.
Not the most convincing evidence of a switched on, slick outfit that exploited every opportunity for PR over the last 2 years.

Despite todays discovery, anxiety and criticism on the BBs the SP held quite steady with an average to low volume.

got a call from seo to say mr wagner will call today to answer questions

Look forward to your report.
Do you have a phone that records calls by any chance? ;-)
Alan

Read the last paragraph on the RNS today.
It says what many of us have been saying was a huge problem for months.
Now we know why exclusivity is ended and its good news!!! (on face value).
Alan

RNS Full text of the important bits.

RNS Number:5121H Stanelco PLC 10 August 2006

10th August 2006


Stanelco plc
Re agreement with ASDA


Stanelco plc ("Stanelco") is pleased to announce an update regarding its GreenSeal technology following its initial 12 month exclusivity period with ASDA. Stanelco will continue to work with ASDA as they support our GreenSeal technology as a way to achieve part of ASDA'S greater business objective of meeting their obligations around sustainability.

The original terms of the agreement between ASDA and Stanelco, as announced on 24 March 2005, for Stanelco's GREENSEAL technology have been extended for another 12 months, other than the exclusivity arrangement with ASDA which has been waived. This will allow Stanelco to offer the GREENSEAL technology to non-exclusive ASDA suppliers, as well as ASDA.

Martin Wagner, CEO of Stanelco said:

"This is an important development with ASDA and shows the strength of our relationship. Whilst all the major components of our agreement remain ASDA have agreed to relax the exclusivity of usage for non ASDA suppliers. This means that suppliers to ASDA who also pack for other retailers can now be approached.

A significant hurdle for us has been identifying packing lines that were exclusively for ASDA usage. By removing this obstacle we can now effectively offer our GreenSeal technology to any user. This negotiation with ASDA has been over a protracted period of time and we are grateful for their unwavering support."

The oily one

Might also explain why Asda have not yet replied to me, Mr Wagner cannot call ssanebs till later and why there has been no director buying, cos they can't while these negotiations have been ongoing.

'The original terms of the agreement between ASDA and Stanelco, as announced on 24 March 2005, for Stanelco's GREENSEAL technology have been extended for another 12 months, other than the exclusivity arrangement with ASDA which has been waived.'

If you take out the exclusivity, I'm not really sure whats left! Nothing concrete.

Copy of the original RNS below:-

Released: 24/03/2005


Stanelco PLC
24 March 2005

24 March 2005

Stanelco PLC ('Stanelco' or the 'Group')

ASDA adopt Stanelco's GREENSEAL technology

Stanelco PLC, the RF (radio frequency) applications group, is pleased to
announce 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. ASDA anticipate that
several hundred machines will be adapted to utilise the technology due to the
significant benefits it delivers.

The agreement follows successful trials at a number of different ASDA suppliers
and will mean that the suppliers involved in the programme will, where
practical, convert from traditional heat-sealing to Stanelco's revolutionary RF
technology.

The main benefits of Stanelco's GREENSEAL technology are:

- An up to 20% lower cost of packaging material;
- A higher integrity seal substantially reducing the possibility of packs
leaking;
- A removal of laminated plastics in favour of mono plastics, which can be
easily recycled providing significant environmental benefits and
- A saving of up to 70% on power usage in the traylidding/thermoforming
machines.

The costs associated with conversion will be greatly outweighed by the financial
and other benefits indicated. It is expected that, according to plan, this
agreement will generate a revenue stream for Stanelco significantly in excess of
5m in the first year alone. Even before the first machine has been converted
ASDA and Stanelco are working together to look at other areas of opportunity for
the technology.

The 12-month agreement will commence from the first Monday following two weeks
of further successful trials with three ASDA suppliers. This is expected to be
in April. These commercial trials are in addition to the completed trial
announced on 1 March 2005. The underlying access agreement to adopt the
technology will be between Stanelco and each of ASDA's packaged food suppliers
with Stanelco taking on responsibility for installation and maintenance of the
tray-lidding technology.