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

It was stated that an MMP would cost ~$7m to build, with approx 50:50 split.

So, assuming SEO is still pursuing MMP contracts, top of the head figure would be a minimum funding of 10m for the year, but as Admin costs would most likely equate to ~6m this year, 15m funding IMO is a reasonable estimate to tide them over until MMP/Starpol revenue kicks in.

SO....how are we all feeling? Confident? Despondent? Don't know?
First of all, a belated birthday greeting to Alan, I'm glad you enjoyed your day and hope you won't take too long to recover from your weekend of excess and debauchery!
It is time for all remaining SEO holders to fasten their seatbelts, myself included! The next few weeks are going to be a rollercoaster ride and at the end of it is a brick wall: work is in hand to ensure that the wall has been removed when we reach the end of the ride, after which it is all greenery and blue sky.....well in theory anyway. It is no longer a secret that the tesing of SEO's products are in full swing; there have been problems, no longer major, and it is apparent that these have been overcome. Although there is a cloak of secrecy over certain 'goings on' the prognosis for full production is good. HOWEVER, we are talking about an entirely new way of packaging and anything can happen. The first aeroplane to be built crashed, look where we are now. The first car to be built did not work very well etc etc, I'm sure you will get my drift. SEO are STILL 'on the cusp' and unless a major deal is done within the next 2 weeks they will need more funding: I do not see this as a problem taking into account the advanced stage that they have now reached. There is a rumour, which is well founded, going round that SEO are about to become a major player in the field of packaging, a fact that has been pushed around as being possible for some time now without much optimism from those outside SEO. Yes, the company can still fail, and if it is to do so it will certainly be within the next month or two: anybody saying otherwise would be foolish. Once they have been accepted as a major influence in the market though, many more companies than ASDA & Wal-Mart will want to shake their hand. Sainsbury use a Dutch company for their packaging but are looking to turn to a British firm a.s.a.p; they are talking to the UK Farming Lobby at the present about the cultivation of crops that can be used for compostable packaging.....we know who has an interest in those! I am not saying that they will definitely use SEO however. Is this a good time to buy SEO shares? Yes it is, if you are prepared to lose money, which you should be anyway if you buy shares is ANY company! Do you like to gamble? Then CERTAINLY put one of your shirts on this company. Averse to high risk? then this is not one for you at this time; return in a few weeks and you will see a different picture, I hope it is a good one! For my part I have doubled my holding lately but it is still a conservative 160k. If all I have been told is correct, and I have absolutely no reason to believe otherwise, then I should be buying in bulk next week - but until I see the RNS that we all want to see, I shall sit tight.
kim

I forgot to mention, I have been saying for some time that Starpol is the product that will make SEO, not Greenseal necessarily; I still stick with this.
kim

Kimoldfield,

A very nice post (20293) which just about sums everything up.

Tony Relaxes,you OK ?,havn't had a mishap with the bike I hope!

anyone spot the price fluctuation on IG INDEX...at one point the price was saying minus 1.6p...this is a sign shorts have closed and gone long..enjoy!

you really do talk the most complete rubbish ..... IG low of the day was 1.6 mid and is now 1.66/1.73.

any recovery today is more than likely a rotting cat bounce as a few short positions are closed at a handsome profit ..... to state that that means that all shorters are now out leaves even me lost for words

so is the richard branson rumour false or am i a conspiracy theorist?

so you have absolute evidence that RB has an interest in SEO? ...... you really are unbelievable! ...... leaving aside the cynical observation that RB is a great self-publicist, i believe the article in question was aimed far more at fossil-fuel alternatives for the internal combustion engine and not at the potential of almost-bankrupt companies who may or may not have some technology that may or may not be of interest to supermarkets in their alleged interest in green technology rather than profits .... so in conclusion, are you a "conspiracy
theorist" for whatever relevance this has here, or in any other of your inane posts ..... no; you are just the resulting sharp end of a needle

Pinnacle:
You said You are in the industry - - do u mean packaging of foods, etc?............. and what is it you call amazing?
Er,...if you are in a position to tell ( code if u like)?

General Msg:
As to a cash call: I've read this here and there, yet wasn't there a funding which netted SEO about 3m only in June 2006? ( RNS source)
Can they have spent that already, or was it cancelled without an RNS?

Furthermore, if you have a good product and expertise even if you aren't delivering it, there is inherent "worth" in the potential (A Discounted cash-flow - thingy)....so I'd expect Banks to be reasonably happy to lend...and the City was prepared to pay 8p/share only in June (see above)......so where's the crisis?

It doesn't help that SEO is a serial mute.......but given that time is on our side there is every prospect the curent Execs can be kicked out.

What would be bad news is that the trials are a disaster (needing an RNS!) and Wal Mart won't touch SEO with a bargepole....but let's be fair...the product works well enough otherwise SEO couldn't have interested ASDA in the first place.
IMHO SEO went about the trial the wrong way...all this about not having a machine etc. ...if food can be packed for a Farmers' Market and comply with H&S (or whatever)..then SEO can make small batches of lidded containers before a whole factory is disrupted...but we never get the whole story from SEO...do we?
And that my friends, is why the sp is in the mess it is.
Now, do you feel lucky....?
I bought at 1.9p - not exactly "the bottom" but pretty close, unless there is an elephant in the room.
I bet those City types that paid 8p are feeling a bit sheepish, eh?

PS someone's just Bought 1million....grief that's .......nerves of steel......= about 16 grand.....not a fortune...but enough to make you cry if you lost it.....

Yet, still the price goes down...despite Buys being 3x the Sells....

Incidently I typo my Buy price; it was 1.69 - still not in profit....but...

At the risk of making myself very unpopular, can somebody please tell me what is so green about GS?

So the company has found a new method of package sealing using RF. So what! There are plenty of starch based glues about which are biodegradeable and already used in sealing machines. Why would a packaging company want to spend a fortune on investing in another method of sealing the wrapper to the tray? Retro-fitting would involve a great deal of down time, loss of production and a comensurate loss in revenue.

And of course, if GS is used to seal products, some of these products may not necessarily be biodegradeable - so there's that edge gone as well!

I would have thought that the true value in this company lays in the other products, e.g Starpol etc - but they don't seem to be flying the flag for these as much. Why is that?

I only post these comments as Devil's advocate just so that any newbies out there who might be thinking that this company looks like a good punt at these low levels don't get suckered in by all this green nonsense. And one last thought - be really honest with yourselves, would you be prepared to pay extra at the supermarket checkout just because your pork chop is wrapped in a biodegradeable film? Would you really? I suspect not, and I think the supermarkets concur.

The price is still going down, thus not being controlled by supply and demand.
Buys now 2.76 x sells. Only 4 sell in last 20 transactions but still price is being dropped by the MMs

starfrog- do your homework before you post

cynic...why are you having a go at me all the while?...you'll see who is right in the end

maestro- i do not like cynic either, but in his defence you do come out with quite a bit of unsubstantiated bollocks

cynic

Don't fall over in shock. I fully support your opinions about this erstwhile interloper who claims to know everything about th future direction of SEO.

He is a charlatan of the highest order.

The oily one

because, maestro, your unmitigated codswallop makes you damn well deserve it ..... your mother should have followed the Spartans' principle of leaving you out on an exposed hillside as a young baby.

robinhood .... all compliments, whether obscure or backhanded are gleefully accepted.

as for you, young oily, please now send for the oxygen mask, though a shot of top quality armagnac will do in lieu

lol!...robinhood...i have contacts in high places

hopefully powerful electrodes to the frontal lobe