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

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.

tweenie, sorry but i cannot figure it out.
Ssnebs, can you being an insider inside give an insight into this?

the company can issue any amount of shares it likes, but will need shareholders to vote in favour of the amount, if it is more then the the authorised share capital of the Company voted at the last agm.

so tweenies right , no placing of 10-15 million can be done before next agm, or shareholders vote.
So someones not quite telling the truth out there.......
but then again wtfdik not being an 'insider'.

The "placing" figures quoted earlier just do not stack up.

The Company has an Authorised 1,300,000,000 shares. 975,598,161 are already Issued (including those issued in the placing in June). 75,495,711 are reserved to be issued under Option and Incentive Schemes (as y/e Accounts). This leaves 248,906,128 available to be issued.

At 1p this would raise only 2,489,061 - before costs and expenses of the placing.

To issue more than this number of shares requires Shareholders approval for which an EGM must be held. An EGM requires 21 (is it 28?) days Notice.

So a Placing for more than 2.4m cannot take place until just about November - which puts us neatly into the Closed Period following the Year End!

Now, an EGM... Hmmm
I doubt the Directors would relish that right now as I am sure quite a number of shareholders have a number of things to get off their chests. Unless of course they are certain of news that will completely change attitudes.
And that news would put up the SP and therefore a Placing price could be increased accordingly- or are they that naive?

Ssanebs has usually been pretty much on the level, so I can only assume that a placing of some sort has been done. The placing would obviously only have satisfied a fraction of the desired funding so perhaps SEO could be using a variety of sources for funding. Is that plausible??

a couple of things. sp metal certainly have motive if their objective was to put further pressure on seo's sp. if seo default or go bust they take control of biotec and, i would imagine, all of biotec's ip. this would include starpol 2/3/4/5/6/7/8/9/ thousand and the ciggie filter ip.


"5th September 2005


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


Completion of Acquisition of Biotec Holdings GmbH and Joint Venture with SP
Metal S.A.


Stanelco, the RF (radio frequency) applications group, is pleased to announce
that the acquisition of Biotec Holdings GmbH and subsidiaries ('Biotec') from E.
Khashoggi Industries LLC ('EKI') has now been completed. Following the
acquisition, the Company has now completed the sale of a 50% stake in Biotec to
SP Metal S.A. ('SP Metal'), thereby creating a joint venture (the 'JV'). SP
Metal is the leading European manufacturer of household packaging products.
Details of the JV were included in the initial announcement made on 5th July
2005.


Further to the conditions of the JV set out in the initial announcement,
Stanelco and SP Metal have both agreed that in the event of: (1) one of the
parties defaulting on the payment of one or both of the deferred consideration
payments, the other party will have an option to acquire the proportion of the
other party's interest corresponding to that unpaid consideration; and (2)
certain triggering events, which include insolvency, the party subject to the
triggering event will redeem its shares, if required, for a pre-determined
consideration."

the other thing is about the amount seo can raise/borrow. this is from 5 august 2005.


"The Directors are also now seeking approval for two further resolutions.



The first such resolution seeks Shareholder approval for the issue of further
new Ordinary Shares for cash, other than on a pre-emptive basis to existing
Shareholders, under the terms of section 95 of the Act. The Directors obtained
an equivalent authority at the Company's last Annual General Meeting, though
such authority has now been exhausted by the placing undertaken by the Company
on 8 June 2005. Whilst the Directors have no current intention to use this
authority in the event that it is granted, they believe it would be useful in
providing the Company with the flexibility to raise further equity capital in
the future on a quick and cost effective basis, should market conditions so
permit and should there be a bona fide strategic reason to do so. The authority
now being sought would enable the issue of 46,432,910 new Ordinary Shares,
representing 5 per cent. of the Company's current issued share capital of
928,658,222 Ordinary Shares. The authority will lapse at the conclusion of the
Company's next annual general meeting.



The second such resolution is required to increase the borrowing powers of the
Company set out in Article 94B of the Company's Articles of Association, which
are currently limited to 10 million. Having regard to the level of deferred
consideration payable under the Acquisition Agreement and the level of trade
creditors with which the Group operates, the Directors believe that the current
borrowing limit will be insufficient, and are accordingly proposing that it be
increased to 25 million."

Thats the point I've been trying to make.

They CANNOT get 10-15 million by a placing alone. The shares to be placed will not dilute the shareholders holdings by a STUPID amount. there is hopefully investment/money from other sources ----
My only conclusion can be that there are a lot of , ill informed and easily manipulated investors who have/are being driven to sell on the speculation of a few, and press statements that have no basis in fact.
Ssnaebs , should have clarified his statement.

fundraising does not have to be by means of issuing more shares only. There are other ways but in SEO's case a bit more difficult to obtain UNLESS value is put on their IP and e.g. letters of intent

am pretty sure that is what seo mgment is doing right now and then at last the positive news can start flowing in

I just read this from July 2005 and sent them a fiver to see if that can help.

'This is another step towards our goal of becoming one of the world's leading
exponents of viable, alternative, environmentally responsible packaging
methods.'