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

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

tony, not dishonest.
that implies a heart and concience.
it's about money and making money- So you pays your money and sleeps with the devil.
I expect a rights issue will only be done ,if 'partners' don't get in for a % , if you catch my drift.............

Oblo, too much analysis in my view. Companies often issue a trading statement and/or announce a likely cash call. I'm not sure about regulations, but it's certainly good relations to give some warning.

I reckon SEO will arrange bank finance to cover the cash position to the calendar y/e using contracts in progress/daocumentation as a means of persuading them that this is a timing issue not a company breaking issue. Happy to sit and wait for their next announcement.

Sharesure.
No support needed until after calendar y/e. 31 Oct is within their 3 months.
It is after then that they need to have pulled something together. Revenue from new deals that makes them at least cashflow neutral or raise finance from elsewhere.
If what we all read from the Company and hear elsewhere things really are about to get rolling finance should neither be a problem nor necessary.
I wholeheartedly agree with your last sentence.

Sorry - confused calendar y/e with company y/e.
Rest of post stands.

Sharesure,
We may obviously be both wrong, but I agree with you that bank finance would be the best way to go. Then there would be no automatic diluting of the share price (which would knock shareholders confidence even more) and it could either be an open ended loan, or a short term.

Sorry for of topic

Could someone suggest a good site for translation of Dutch to English
Thanks in advance

Peter

why is the bank finance the best way to go? if take up is still slow where will the money come from to pay the loan & interest?

bkk2. Provided the article is not too long I will do it 4 u -(I am Dutch)

Robin, that is magic of you, I'm actually trying to help someone myself,Im in Bangkok at the minute and I have a girl that is trying to fill out an visa application form,if I could mail you some key words ,then maybe we could do this together

Peter