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

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?

greekman,
My only take on that is that SPhere were suffering from rumours that they were going to lose the IP because SEO were selling it on. They quashed the rumour by saying what they did and left the impression that SEO had suddenly dropped it from negotiations. I read the SEO release as saying we will use our license to manufacture, and that has nothing to do with SPhere.
the logic is a bit twisty, I'll admit, but it seems the obvious explanation.

garyble,
I'm sure that means Starpol as well. Quite why that is in is beyond me. Surely the rights to it were never in any doubt. Were they?
Alan

Anyway, we all forgot the good news today.
Contrary to concerned and well informed rumour from yesterday, SEO was not suspended today. For that we must be grateful.
Alan