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

PM1's site was almost as confused today as we are here, but reading through this is generally thought by various posters to be SEO being positive and sorting out of things behind the scenes prior to signing contracts (or announcing contracts).

RMHyams's post below follows the general theme :-

"Having read all the statements regarding the commercialisation of Starpol 3000 I am beginning to understand the situation a little bit better.

Originally, in April 2006 Stanelco stated that they wanted to licence the Starpol 3000 IP. SPhere read that statement, and said to Stanelco that they interpreted the statement to mean selling the IP to 3rd parties, to which they would not agree because control over that IP would be lost. If you then read Martin Wagner's subsequent trading statements carefully you will see that he does not talk about licences but contracts. I believe that these contracts were (and hopefully still are) about to be signed, and that SPhere not being party to these contracts directly have come out with their statement as a tactic to try and ensure that Stanelco do not "sell" the Starpol 3000 IP otherwise SPhere would be left with no other option than to go for litigation. As a result of all this I can see why it is taking such a long time to finalise contracts, which in turn has given shorters in the market the opportunity to create havoc with the SP. "

The reason why no organisation wants to buy SEO at the moment is that any potential acquirer knows that they are better off waiting for it to go bust (which won't be long by the look of things) and then buy the IPR from the administrator.

Tony, thanks for your posts and for copying RMHyams comment on the IPR confusion. I am not at all clear how this one is going to turn out; great pity since it seems to have some good products. Makes one realise that companies stating they want to go green are merely paying lip service otherwise SEO would not be in the state that they are in. Asda in particular has a lot to answer for in all of this as well as SEO's arcane mgt.

Possible reading of the Sphere/SEO argument is that Sphere are insisting that Biotec licence the IP to JV's, since it is Biotec that own the IP not SEO. So SPhere share in the JV licences through their 50% ownership of Biotec. SEO have to share the jv licence fees with Sphere, but get to keep all of their half of the JV manufacturing profits.

Mud, mud, glorious mud . . .

'IF' SEO can raise funding, is the re-purchase of the remaining 50% of Biotec an option. And at what price.?

I think they'd want slightly more that the 2p we've got left.

what 2p? ... when sp was 3p or thereabouts not long ago, i reckoned there was insufficient potential for profit by going short against the risk of something popping out of the woodwork and costing me a fortune .... ah well!

The Biotec deal was originally only with SEO who had outbid SPhere to get the agreement with Kashoggi Industries. SEO then 'sold on' 50% to SPhere.

At the time I did muse Why? But put it down to reducing the cost by half and ensuring SPhere continued to buy Biotec products and SEO have a powerful partner.

Appears a bit ironic today.

OK Still as clear as mud, but at least the mud is thiner.

This is the reply I received from Sylvia Leavey (SEO).....Please view the RNS announcement on our website, made by Stanelco earlier today to the market.

Whilst I expected nothing more as they obviously cant treat an individual different from the general shareholder, I had expected an RNS that did not need a brain twice the size of Einsteins to make sense of it. I even think he would have struggled. The word gobbledygook springs to mind.

Anyone know if taking Valium in large quantities over several weeks is dangerous.

Just thought of another use for Starpol....We could always wrap the whole SEO board and PR department in it (if there is enough of it).

Well, 2p now and the rest later.
A 'buy-out' would let them be free, or would Biotec be too expensive.

I got exactly the same reply, greekman.
I still feel a bit lost as to who has forced whoms hand.
My feelings now, though I have nothing to back it up with, is that SPhere were issuing a statment due to rumours that were affecting them, and in clearing their own waters, muddied ours!!
I get the feeling that SPhere were getting in the way of deals, somewhat and SEO is cutting biotec out of it. The question than becomes whether SEO can jointly manufacture with another, based on its own rights to the biotec IP.
I suspect they can as martin Wagner mentioned their rights in the RNS.
Perhaps the long awaited contracts will now happen.
Alan

DREAMS DREAMS SPEND MY DAYS IN A DREAM????????(SORRY NIGHTMARE///)

Whoops! May be copywrite issues so I've replaced my post with the link

http://www.advfn.com/p.php?pid=nmona&article=17076151

oblomov
You don't have to leave the site to read it, it's on MAM
http://www.moneyam.com/action/news/showArticle?id=1537608

Hi Alan,

This is the bit I really don't get from the AFX release.

'Stanelco said it believes Sphere made the announcement to allay concerns that Stanelco would be transferring Biotec's intellectual property to third parties in the US'.
How the hell does this announcement allay concerns, or am I missing something?

My biggest fear now is another court case, this time between Sphere and Seo.
Don't think it likely, but as things are going who knows what anymore.
Probably best to not watch this share price for a while, but it's hard to stay away.
The watching and waiting must come to a head soon surely.

anyone still holding?
I am- have'nt given up -just yet.
Yes I must be stupid..etc.

Well, managed to hit my re-buy target price so lets hope it doesn't now go belly-up now!

multiple contracts soon..trust me...maybe friday

lol, maestro, are you Captain Guides co-pilot?

What does "Stanelco will also retain all the manufacturing rights to Modified atmosphere Packaging ('MAP') materials"? I'm sure it includes Starpol?