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

Garyble,
You state....IF SEO are "finalising" contracts for MMPs they'd need to find $3.5m for each MMP.
Not saying your wrong as I have no idea about such things, but could you possibly give a bit more detail why it cost so much and where your figures come from.
Thanks in advance.
Greekman

Greekman,

It was in either an Evo or T&G report I think, stating that it was proposed to cost $7m to build an MMP, JV split would be around 50:50, technology transfer charge of $1.5m per contract, 4m contribution to SEO per 20,000 tpa contract.....

I'll search for it again and post extract + link.

Thanks Garyble, that would be very useful!

I seem to recall hearing somewhere, some time ago that it was intended that SEO were trying to get JV partners to fully fund the MMFs.

Since then, I have specifically been told by a "solid" source that at least one prospective partner is fully prepared to do so in his eagerness to take up the technology as soon as FDA approval is granted.

On the FDA side, my understanding is that they do not actually announce their approvals but it falls in automatically after a set period during which the FDA can object. If so UNLESS the FDA specifically rejects an application/material 'early' approval does not happen. It just needs time to fall in, in the absence of an adverse decision.

Tonyrelaxes

Welcome back. Are you now home and have you got a new mobile number. Let me know.

Martin Wagner told the AGM in answer to my question that the joint venture partner would finance the cost of setting up a factory to produce the Starpol products and as well as pay for technology and subsequent royalties on sales.

The oily one

SEO co-hosted a show in the USA this week, was it a failure for SEO and a total waste of .
There does not seem to be any positive or even negative news.
Have the yanks RF sealed, and Frog Packed them back to Blighty??.

Doubt it.
There is a seminar like this every quarter, and nothing has ever emerged from them like that. they are more of a networking club of people WM want to see working together.
Alan

Best to accept that existing shareholders are in a very weak position. Any 'partner' is going to exploit SEO's glaring financial weakness and drive a very hard bargain for supplying the necessary funding.

Why do punters never learn?

blackdown.
Possibly a fair point in other circumstances but you are overlooking that there are Letters of Intent from two separate potential 'partners' (so far). The old 'fear and greed' syndrome should prevent either party being too agressive - unless they are in concert, which I would doubt.

Oily.
Home and just awake after 13 hours on bike following tea on a beach near St Tropez yesterday afternoon. Weather (and amounts of girls' clothing) not so good in west London this afternoon!! No new mobile yet but number should be the same. I'll advise in due course but home number OK - not lost that one!

Oilywag
Since the AGM, has the JVP verbal agreement changed somewhat?
At time of AGM SP was 13p.

PATISEAR

I have no information to say that it has.

The oily one

pinnacle, oilywag,tweenie,alan6.
If you know anything that will stop my heart fluctuations can you please please
e-mail me. i thank you in advance.

waveydavey999@yahoo.com

wavey..hawthorn berries will cure that

WD
with the exception of names, everything I know has been posted on this website.
greenseal is being trialled? outside of asda, starpol is the moneyshot.
Nobody seems too worried about the finance situation except us shareholders.
What more can i add.

wd,
I have nothing concrete I can tell you, either on here or by BB that will stop your palpitations!!
While I, and many others, have enough research to make 14 episodes of Panarama, it is not conclusive, and to be totally honest, gets very confusing. The picture is not at all clear, and while I draw very positive conclusions from what i do know, the research I have would likely add insomnia to your heart problems!!
Truthfully, if i had something I could prove beyond doubt, I would post it here. The rest is hearsay. Well informed and very accurate, from those who know the situation much better than I, but hearsay all the same.
The best I can offer, is to say "don't buy, if you cannot afford to lose then you have too much in SEO and watch this space very carefully". It will not rocket off without you, but it will rocket off. While we wait, it may fall further with you!!!
Alan

I'm in for just 60 worth, at this price its worth a punt and I might make a few hundred profit. If not and it goes down the pan never mind.

Technotamed. Pessimist. Only a few hundred profit!! ;o)
kim

wd

Relax, since doing my research more than six weeks ago, the situation has changed radically and I am no wiser than anyone else on this board. In fact I am just as confused as everyone else.

A lot of the rumours are mere conjecture and frankly grossly misleading designed to cause confusion. Ignore most of it. Which bits you do depends on where you are in this investment.

The oily one

Soul trader - by expansion I meant production, not acquisition, and specifically jv production of Starpol. But if as much as 15m at 1p is needed now, why on earth did they raise only 3.8m in June at 8p, when they must have known how much would be needed for production jv's even if they were unaware of operating cashflow porblems at that stage. Seems verging on negligence to have so miscalculated only so recently. The high need now cannot have arisen only out of events of the succeeding 3 months. I would have thought nearer 8m @ 1p now and more @ 5p (?) in 6 months time when cashflow has stabilised and contracts clearly signed.
sd

I suspect that they felt confident of signing contrsct when they raised the cash at 8p and did not want to dilute the sp any more than they had too.

My view is that they miscalculated the time required to get the contracts signed off and found themselves in shit street again.

More examples of niave and inexperienced management playing in the big pond and being taught some harsh business lessons. I had hoped that this new finance director was going to put a bit of backbone in this management team. Time will tell.

My judgement is that they will not go broke, will not get suspended and will get contracts signed in the nick of time to keep them in business - they will then start a long recovery process - similar to what Ashtead have done over the last 3 years when they rose from 3p to 200p - and they should know all about that as the SEO chairman is a director of Ashtead.