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

"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.

Stanelco said it is in advanced talks with a number of potential joint US partners to make biodegradable resin.

"This is to meet the demands currently expressed to Stanelco by major multiple retailers and global fast food chains,"

Fast food chain's ! more than one, that's new.

Robinhood, why would they raise 400K when their cash burn is 300K a month (which looks very conservative to me considering the amount of cash they got through in recent times)? They won't come to the market for less than 3 mil, IMO.

Alan. I expect the sp will be back to 5p by end of trading.
I expect news re our collective hunch within 2 weeks.
i also expect FI's to have dipped their toes in by then.
It was niave of me to suppose that SEO would play a level field with pi's.
we are but small fry.
I would tell you what my 'hunch' is , but I think from the above you can figure it out.
SNAFU.
Still happy to hold this share. also happy to slap any member of SEO's board who crosses my path.

Oblo
Biotec agreement was to pay a lump at the time (done) and a further $6.25m to be paid in 2 instalments, 12 and 24 months after completion.
Completion was announced on 5 Sept 05 so a payment is due within 3 weeks of the first installment of $3.125m - SEO half, SPhere half.
Presumably this is in their calculation of 3 months cash flow remaining or the FD is not doing his job.

Thinking the shorters would be closing which would restore normality (whatever that is), I bought another million earlier today. We shall see....

tony? you bought another million shares in a company that has just announced it will run out of cash in 3 months?

Still waiting to see that trade on the trade list though.

tony is not the only one. Just bot 160000 myself. (If we are going to be a sucker for punishment we may just as well do it properly- despite what has happened with delays etc, I still am a great believer that all will come good in the end)

Oh yes ,a stop loss is in place!!!

hope some of you guys have understanding bank managers or spouses

As the RNS says "three months in the absence of further funding or new
revenue streams commencing in the period".
There is really nothing in the RNS and MWs statement that is new knowledge other than confirmation that Letters of Intent have been exchanged. So why look upon it differently today than yesterday? What has changed except a 15% lower purchase price?

just a thought, tony, but i find it strange that seo have released this rns. it is very un-seo like. makes me wonder if it's something they feel forced into doing just in case they do run out of money and go belly up. at least they can then say that everyone knew the score.

in response to post 18981 a timeframe on cash running out that you did not know yesterday when/if it would run out.also if you are buying more shares today dont forget the company might come to shareholders for the cash and not to the city.good luck all that hold.

Thanks Tony - so, taken into account already.

I cant understand why they should issue this RNS unless they are obliged to under regulatory rules, i.e. that they have to when they get to a certain point when , say, they only have enough cash for 3 months. Does anyone know?

Another possible reason maybe to let WM/ASDA/PERSECO etc. exactly what the position is and that they need to do some deals quickly or SEO will be gone.

Could it be a bargaining ploy on SEO's side?

Please note I realise I've done a complete 180 degree turn before any one points it out!

One MMF contract will turn this company around.
the rns has shaken the tree. (deliberatly?)
In the words of A.C. "Where large sums of money are concerned, it is advisable to trust nobody."
for me thats the board of seo. I'd say more but its all hearsay and gossip and WTFDIK anyway.
LOL otherwise i'd be crying.

Ob,

I would think that an RNS would be required when a company reaches the point of actively seeking advice re raising of capital.
Only going by past releases by other companies.

There are a few AFX news items (todays date) available at the top of the SEO thread on ADVFN if anyone wants to read them - cant copy them for copywrite reasons

If the Board really are as dishonest as some think, how about this one -
big deal agreed, to be signed and then announced in meantime issue this RNS to cause a drop and get in with some Directors (or mates) deals!
LOL