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

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 ? ""

PM1? This is a man who for months blithely talked of EVS coming good when all the evidence around him suggested otherwise. EVS is bust.

So?
I only suggested people read the post, not judge (or perhaps pre-judge) the poster.

Tonyrelaxes - 18 Aug 2006 13:09 - 19088 of 19090
I think it is great


I think he is charlatan. Just an opinion backed up with reasoning.

I have it on good authority that Sainsburys will not allow their food to be packed in Starpol as it is derived from genetically modified crops.I hope Stanelco are allready addressing this problem and I will be in touch with them to this end.

MP,
I raised the question some months ago and was informed that for a premium, the crops can be GM free.
alan

Alan I will pass this on but I don't think they(Sainsburys) will like the "premium" bit.

Without getting technical I hope I can answer your questions:



1) All PLA can be guaranteed GM free even if the source is GM crops as all GM signature is destroyed during the fermentation process of manufacture. However in reality the corn that goes into NatureWorks may come from genetically modified corn as about 50% of US corn has been modified in order to reduce the herbicides and pesticides used. NatureWorks has a cost offset programme set up that guarantees that if a company want GM free crop they will purchase that amount of raw material on your behalf and mix it with their regular stock. This way a company can honestly say they are buying GM free corn for the product. Alternatively NatureWorks will clean their plant and run guaranteed GM free corn if the order (and cost) is high enough. To make PLA you do not need GM crop, but in the USA a lot of corn has been genetically modified and most companies are taking a pragmatic view that it is better to use a partial GM source sustainable crop material rather than 100% fossil fuel material for food trays and other containers. NatureWorks could not sustain the world usage for PLA and as the demand grows other factories in various other parts of the world will produce PLA from non GM crop. Tate and Lyle have recently purchased the Hycail PLA pilot plant in Holland and will, in the fullness of time, be producing PLA from non GM stock. Others are following. Stanelco is talking to these companies on a regular basis. Whilst GM is a major world issue I believe the way to change things is to work with companies to change and by increasing the use of PLA world wide more factories will be built and non GM crop will be used. There are issues regarding GM in other crops, such as cotton and Soya and US cola drinks. About 50% of the worlds cotton is GM a great deal more Soya has been modified and the corn syrup going into US cola type drinks uses American corn, all of which makes the tiny amount of packaging made from sustainable products that may have come from GM crops a very small issue. Stanelco will purchase guaranteed GM free corn if its customers require it. Starpol 3000 has very little PLA, the main ingredient being starch, which is GM free European grown.



2) Starpol 2000 is currently made as a polymer in Germany, however as sales grow franchises and joint ventures manufacturing plants can be set up where ever the material is required. This is no different from any other plastic polymer which may come from the Far East or the USA to make packaging or other plastic components in any other part of the world.



3) Many plastics are currently transported around the world. Carrier bags for most of the European supermarkets are made in the Far East often from polymers that are made in the USA. The only commercial plant to make PLA is currently in the USA, so all PLA in the world is transported many miles. As the usage of PLA increases more plants will be built which will reduce the transportation down to below that of fossil fuel plastics as crops will be grown on each continent that has a factory. The transport energy used by PLA is generally no more than fossil fuel at the moment and can only improve.



4) The manufacture of PLA takes no more energy than standard fossil fuel plastics to make, however all the time the crop is growing it is absorbing CO2 from the atmosphere and is generally CO2 neutral which makes it more environmentally responsible than fossil fuel polymers towards global warming. If you compare energy efficiency between plastic and the most well known sustainable packaging product paper, you will find that paper uses 4 times more water than plastic, takes 4/5 times more energy and need about 5 times more vehicles on the road to deliver the finished good and 5 times more warehouse space to store paper bags compared to plastic bags. PLA material is comparative to a standard fossil fuel plastic in terms of energy use but with reduced greenhouse gasses.







I hope this helps, please call if you have any more queries.





Kind Regards



Terry Robins

Chief Operating Officer

Stanelco plc



That was from terry on the 16/06/2006 in reply to my querying the green credentials of SEO.
Hope it helps,
alan

alan
from your post 17297 on 16 june.

1) All PLA can be guaranteed GM free even if the source is GM crops as all GM signature is destroyed during the fermentation process of manufacture. However in reality the corn that goes into NatureWorks may come from genetically modified corn as about 50% of US corn has been modified in order to reduce the herbicides and pesticides used. NatureWorks has a cost offset programme set up that guarantees that if a company want GM free crop they will purchase that amount of raw material on your behalf and mix it with their regular stock. This way a company can honestly say they are buying GM free corn for the product. Alternatively NatureWorks will clean their plant and run guaranteed GM free corn if the order (and cost) is high enough. To make PLA you do not need GM crop, but in the USA a lot of corn has been genetically modified and most companies are taking a pragmatic view that it is better to use a partial GM source sustainable crop material rather than 100% fossil fuel material for food trays and other containers. NatureWorks could not sustain the world usage for PLA and as the demand grows other factories in various other parts of the world will produce PLA from non GM crop. Tate and Lyle have recently purchased the Hycail PLA pilot plant in Holland and will, in the fullness of time, be producing PLA from non GM stock. Others are following. Stanelco is talking to these companies on a regular basis. Whilst GM is a major world issue I believe the way to change things is to work with companies to change and by increasing the use of PLA world wide more factories will be built and non GM crop will be used. There are issues regarding GM in other crops, such as cotton and Soya and US cola drinks. About 50% of the worlds cotton is GM a great deal more Soya has been modified and the corn syrup going into US cola type drinks uses American corn, all of which makes the tiny amount of packaging made from sustainable products that may have come from GM crops a very small issue. Stanelco will purchase guaranteed GM free corn if its customers require it. Starpol 3000 has very little PLA, the main ingredient being starch, which is GM free European grown.