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

Driver, what did you think of the mail I sent?
Interesting?
Todays RNS bears out the info we had about the delays, anyway. They say it in nicer terms but it means the same.
Alan

I would have thought the 5p+ sp reflected the delays and the lack of news so IMO this drop is an over reaction by the mms who dont know much about the stock. One small bit of good news will see this recover to 5p to 6p IMO thats why I would top up at these prices.

I am concerned by the financial position, so I would not top up in case a large dilution takes place. If, however, the letters of intent become contracts, or the Asda deal finally starts to take off then any bank in the world would support cash flow with short term facilities and, yes, the SP would go north.
The question is, "do you feel lucky? Well, punk. Do ya?"

I've gone all the way down with this one,thinking "it has to be a good price at some stage" so that I can recoup my losses.Contracts of a considerable size from these letters of intent cannot come soon enough for me!!

Al
I always feel lucky but thats easy to say with no cash to put in, am I right in saying they have more cash in the bank than when the sp was at 4p over a year ago and a lot more going on I invested then why would I not now.

Its a fair point, Driver.
Many of us got in when the company had nothing up its sleeve at all, and were happy at that.
I think that we all got over excited, goaded on by the RNS we saw. But you are right. The value looks good, but I would still not be putting any more in, or getting in for the first time with the picture this unclear.
alan

Anyone know when the next payment is due for Biotec?

The timeing of this rns is bizarre.
It's contents (as in shortage of cash) has been known pretty much since the last set of results.
Why release it at this precise moment? and drive the sp down further? why kick yourself when your down?
I've got a hunch.............

Al
4m buys disagree with you punters are not dumping they are buying, thats why I dumped mdy and glad that I did but dont blame me if I am wrong its only my opinion.

Where is every one?

Go on, Tweenie.
Share your hunch. I wont tell anyone.

1.5m buy at 4.10 some one agrees with me.

Anyone know when the next payment is due for Biotec?

Quick question - at what price might the company have to pitch a placing to get people interested?

My view is that it would have to be well below 4p after today's skid, leaving opportunity for more downside as those in possession of the placing shares distort the market by taking quick profits.

IMO the current SP isn't cheap if it's likely to get cheaper. My view is they'll ask no higher than 3.5p in the placing.

can someone please explain what this bit means,

"The Company is in advanced negotiations with a number of potential joint venture
partners in the USA to compound biodegradable resin."

is this the next hope and hype cash raiser after greenseal and starpol?

Bos,
I read it as another way of describing the Micro manufacturing units they mentioned some time ago. Could be very wrong.
Alan

Correctly read, Alan
to the best of my knowledge. But, as ever, WTFDIK

would not be too worried of a placing of 10,000,000 shares as this amounts to a mere 400,000 . Just like to know what "on the cusp" means in SEO lingo

Its an anagram of "spun the Co."

"on the cusp" in SEO lingo should mean tottering on the edge of the great abyss, though no doubt the pronouncement actually comes with Micawberish sentiments.

I read it the same way as Tony and Alan.

Does anyone know when the next payment for Biotec is due? Any placement would presumably have to fund that. In which case the pacement would need to be larger than before.

WM would have been aware of the financial situation all along. The current situation has come into being essentially because of the ASDA exclusivity.

Puts WM in a good bargaining position, possibly. A deal would keep SEO afloat.