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

Woodie,

I believe he was attempting to be subtle!

Morning all,

Allan,
Yes your understanding of the AFX does make sense (a relative of Einstein perhaps). Dissecting it again, several times I do agree with you.

Maestro,
You say the same thing so often, like the man who keeps shouting I'm going to die. One day he will be right.

Theres a joke there somewhere about Einstein and relativity, but I can't be bothered. As for Maestro, we can only hope.
;-)
Alan

placing closed yesterday at 1p, no figure yet as to how much it raised, 10m-15m

I've heard that from other sources, ssanebs, but they have said it raised the bottom end of your estimate.
Alan

Ssanebs, Alan we should be getting an RNS to confirm. It will probably read "we are pleased to announce" etc which should be taken as "we are a bit pissed off, but not as much as our shareholders are". Hopefully they will have raised enough to really get on with things now, a cut in directors salaries to cover the shortfall would be fine.
kim

1.14 bid price now, mm's don't want you to sell if there is going to be a 1p placement.

Re the placing.
Not doubting those who have posted 'Placing closed at 1p', just wondering where this has come from or is it just rumor as yet.

Am I the only one who believes seo can only issue 1.3 bilion shares at present.
given that they have 900k in circulation , they only have another 400k to play with.
At 1p that does'nt equate to 15 million. Not in my reality anyway....
So funding from another source and all the above is just rumour/hearsay/speculation.

Starpol 3000 is the key, I doubt any one will sign any contracts untill it is passed for use. I know its only a formality, but would you! What have we got to wait now 4 or 5 weeks.

The 1p placing to raise <10 million was a rumour I heard about 1 week ago. I cannot vouch for the source, but when ssanebs posted it I decided to add my sources info.
I am unsure about the rules regarding placements, so I cannot comment on that.
I, remarkably, still feel quite content with the future, and I am less concerned with the fundraising than I was.
Perhaps foolhardy, but a large amount of capital raising would be very difficult to do if all you could promise the placees was that you were still trying to tie something up, and you'll need the money for wages in the coming months. Much easier if you can show that the money is for capital investment leading to profitability.
Who knows. I am sure we will find out eventually.
Alan

i can assure the placing is real as i had to have my order in by yesterday

ssanebs,
Did the detail make you feel confident enough to order???
Alan

If it`s real at 1p, management must be real crooks. That`s why they haven`t sayed anything about the price fall.

Excuse my ignorance, if that placing is correct, would the SP drop to 1p.

In theory, if a company has 1 billion shares and is valued at 10 million pounds then each share is worth 1p. If it then issues a further billion shares at 1p its value should be the original 10 million pounds plus the 10 million raised, therefore it should remain at 1p.
The answer to the effect is what the raising is for. If it is for working capital, to pay costs and wages while the business is turned around, then it will be swallowed up and the value of the company has not changed, but there are twice as many shares. If the money is for a specific project, worth more than the 10 million raised, it should raise the value of the company by more than 10 million and thus the SP should rise.
None of this takes any account of human nature, greed, hidden agendas and market perceptions.
So the answer is - No idea.
there. Should have got a job writing RNS for SEO!!!
Alan

as i am now an insider i cant comment

well thats handy

The 2005 Annual Report and Accounts states the following

NOTICE IS HEREBY GIVEN that the 2006 Annual General Meeting of the members of Stanelco PLC
will be held on Tuesday, 2 May 2006 at 2.00 pm at Finsgate, 5-7 Cranwood Street (adjoining City Road),
London EC1V 9EE for the following purposes:Ordinary business
8. THAT: the authorised share capital of the Company be and is hereby increased from 1,200,000
divided into 1,200,000,000 Ordinary shares of 0.1p to 1,300,000 divided into 1,300,000,000
Ordinary shares of 0.1p each by the creation of an additional 100,000,000 Ordinary shares of
0.1p each;
+++++++++++++

Stanelco PLC
02 May 2006


Stanelco plc ('Stanelco' or the 'Company')

So where do the 10-15 million worth of new shares come from..........can someone please explain it to me.

Greekman,

your post 20673:

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

Yes, it's addictive. Suggest you try herbal alternatives, or else reduce your caffeine intake and don't look at SEO's SP performance late at night.