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

exactly so Woodie .... am quite surprised that i haven't been targetted ... lol!

Welcolme back Eric.

Its called misrepresentation.
certain posters try very hard to misrepresent what is posted by another, for the purposes of mischief.
Even if I could disclose the information I have, I would not make a recommendation to anyone to buy this stock. Firstly the information is from non-regulated sources and secondly, it tells me very little of the short term price movements.
Finally, unlike many on here, I could be in serious trouble for making ANY recommendations at all!!
Hope that clears it up.
Alan

I'm riding out the storm.
This sure is nailbitingly exciting.
Good luck, pardners!
Yeehaw!

ian balchinn told me only 2 weeks ago that the funding issue was in hand and this week the FD rang me and said i am not worried about the cash position at the moment, and then the rns yesterday. the day i rang balchin i was selling until he told me that the funding issue was in hand, my broker has proof of me cancelling the sell order. i will ring him shortly to ask him why he has mislead me

Has everybody forgotten about frogpack, i can recall about a year ago people on this board saying that it must be worth 25p on the sp...Asda with all there recycling must be looking at this for packing as well as GS..I believe Persil is the only one using Frogpack at the moment surely this should be taking of anytime now.

The bottom line is we all know that SEO have some great innovative products, and some of us still believe these products will come to fruition.
What we don't know is when, or even if they will run to ground prior to a steady inflow of cash.
We can surmise until forever, but one thing is certain. Seo have to get firmly on that upwards sales track by the end of the year or thats it.
OK the above is pretty obvious but the blunt facts have to be faced and stated.
That said, I still have faith, but the fuse is burning ever shorter.

ssanebs,

Forgive me for not fully understanding.

Who do you believe mislead you?

i told him that the funding issue was worrying me and at the current burn rate they would be out of cash in 6 months, to which he said i can assure you that the funding issue is in hand already, which was saying that they had already made arrangements. i rang my broker who was working my order as i hold so many, and cancelled the order even though he had sold some, which he reversed.

Thanks for that clarification.

This is my take of the situation for what it is worth.

The letters of intent will be subject to:

FDA approval, plus Stanelco raising enough capital to enable them to act upon any contracts awarded.

I believe they are nearly there and just need that little bit more time.

However,

The size of a rights issue is a concern - why would I want to put further money into a company without actual signed contracts?

My original investment is so depleted that only a miracle will save the day.

Many companies have had rights issues and moved on to great things - let us all hope that Stanelco is one of them.

Ssanebs - your concerns about accuracy of information given is worrying and I like you have had similar experiences.

This confirms my expectation 2 weeks ago-we just need some bloody income or its stuffed!!

As I said to you Alan prior, if there are no orders until xmas, SEO will disappear in november. Its going to be a very close shave.......

Do not worry about SEO. With all the statements-"on the cusp"-starpol 3000 fda appr. imminent-excl asda over etc there can only be some good news. Also with current shareprice and SEO patents it may well become a takeover target at a price well above current sp

robinhood
I agree seo have too much going on and dozens of products a take over is possible but not wanted, theres no chance of it disappearing or going under there are companies possibly a few hundred on the aim and the main that loose money year after year and are still there. Half of my portfolio is made up of them.

pinnacle

"FDA approval, plus Stanelco raising enough capital to enable them to act upon any contracts awarded"

FDA is probably just a formality as most of the components of 3000 is within 2000 which has approval. This is not a completely new product but an advancement on a previous one.

More the purpose of this post - Do we know they need substantial capital for MMFs? These are to be Joint Ventures and I believe it has been said that SEO are trying to get the JV partners to finance the MMFs. Apart from being good sence if it can be achieved, it goes along with SEOs desire to be an IP company sooner than a manufacturer.

EW Robson

Each time you post, you eloquently weigh up the percentage downsides and the upside with the conclusion that the odds are much more in favour of the upside for the potential investor. This occurred at mid 20ps, 13p, 8p and now circa 4p.

Don't knock a man for expressing his own opinion - especially if backed up with the reasoning.

zscrooge

Thanks for tracking my comments! Mind, if I carry on as the price descends I should eventually be right - that is unless they go 5 foot under! The difference between a rut and a grave is only a matter of depth, after all.

Eric

We really are getting fixated by a rights issue that may not happen. It might though.
is it not equally possible that SEO find themselves in a position to go to their bankers and say, hey guys, we have revenue creating contracts in place that will see income of x in 2 months time and we need 2 months expenditure to get us there.
The RNS did say exploring all options, so i assume there are some options.
(Note for those reading this with their finger to underline the words and their lips moving - I have not said this is the case, I am saying we do not know)
Alan

This is certainly a nail-biter.

Lets see if Ive managed to glean anything from the latest RNS:

300k cash at end of April, 3.7m raised in June.
{So SEO survived for 2 months on 300k cash}

1.8m cash working capital from the 4.4m at start of year {1st November 2005}
{4.4m - 0.6m R&D, 0.5m Stock & 1.2m CapEx + 300 Cash}

Therefore: half-year cash burn of 300k per month

2m cash working capital from the 3.7m raised in June 06
{3.7m - 1.6m Biotec stage payment, 0.1m CapEx}

Therefore: cash burn since May 1st of 570k per month

900k cash in bank, plus 200k unused o/draft facility

Currently have sufficient cash and receivables to last 3 months = Mid-November

POSSIBLY 2 MMPs in the short-term.

All indicates a tremendous increase in T/O for year end.

Like him or loathe him you should read PMs latest post. I think it is great :-

""Ask yourself a few questions, and I'm sure you will come up with an answer thats right for you

Can Stanelco raise enough cash, to last through until they have enough income to cover running costs of circa 300k per month (3.6m P.A) ? (remember that one MMF will bring in 4m per annum)
Are you bothered with between 1.5% and 3% dilution caused by the latest placing, or do you see that as too small to affect the future potential gain of your holding ?
Are you happy with Stanelco's collection of IP, and believe it will sell at levels that will make your holding worthwhile ?
Will the deals with Wal*Mart suppliers that were expected by EVO to happen mid-year, happen as per yesterdays RNS, 'in the short term', or will there be more delays ?
Can Stanelco actually speed up GreeSeal rollout as they say, now that ASDA exclusivity has been waived, or will there still be stumbling blocks ?
Can you afford to spend more money on SEO stock without creating debt of your own ?
Can you afford to lose that money if it all goes pear shaped ? ""