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

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.'

a placing of 2,489,061 should be just enough to get the SEO board off and into hiding

I add seo board to solicitors and estate agents, as people to be first up against the wall than the revolution comes

LOL

I 'll add to your list, Reality tv 'stars', chavs and politicians and anyone who owns a pitbull type dog- you know who you are (not that any of them would be reading this post, unles they'd climbed through your window to nick your computer).

Car salesmen, and I'll second estate agents.......

http://www.chavscum.co.uk/name.php

anyone whose name can be determined by the above link.
try it.. :-)))))

lol.
Also god botherers (all religions), all members of PETRA & SHAC, vegans, celebrity chefs (except two fat ladies/bikers) /house makeover presenters/doers etc.
(cost me a fortune)

Of course they can raise loads more cash via new share issue before the next AGM, simply by getting it approved at an EGM like they diod for the purchase of Biotec and the share issue then. It's all pretty simple stuff.

My preference would be that, since I doubt any money can be raised without pretty much signed contracts, at least some of the new capital should be in th form of subordinate debt (probably, redeemable, cumulative preference shares) - as long as the interest can be services out of operating porfits, once repaid the equity is not diluted, unlike an issue only of shares - although as others have said an issue of another 1bn at 1p will simply double the market cap, EPS have to be shared amongst the roughly doubled number of shares, so profitability per share is very much diluted.

sd

sd,
While there is no cash flowing in, losses per share would be very much diluted!!
I'll drink to that.
;-)
Alan

touch Alan

jaguar..any inside info?

well, see everyone at the 1p party tomorrow.
bring your own bottle and theres no buffet.

Stanelco looking to sell Patents & IP to tobacco industry :-

http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=548301

Touch on the old side, there.
But only by about 366 days.
alan

F*ck It - Old News - Sorry