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

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

not neccessarily...looks updated

S'alright.

Well, if it is updated the important bit is:-

'The adoption of Stanelco's Greenseal Technology under the ASDA contract continues to progress in line with expectations, with a number of machines due to enter commercial operation in the coming weeks, added the group. '

Dated: Mon Oct 3rd 2005!

could be misprint 2006

Stockdog
"via new share issue before the next AGM, simply by getting it approved at an EGM "

It is not quite as simple as that. An EGM requires a period on notice which was either 21 or 28 days. If the EU Shareholder Rights Directive is now operative this will require a minimum notice period of 21 "business" days for quoted companies.

That is another month before a share issue can be arranged beyond the 248,906,061 currently available. That is very close to the end of current cash.

A Placing could presumably be agreed in advance conditional upon gaining such approval. But to take up such a Placing, the Institutions would presumably be made aware of plans and prospects of the future - including BIG contract news.

If SEO is on the verge (ie. within a month) of BIG contracts, the SP will alter considerably so would a 1p Placing now be prudent?

Also, in the absence of any BIG news the Directors might not be wildly comfortable with the idea of being confronted with shareholders at such an EGM.

An EGM would also probably be in the Closed Period - any effect?

maestro

That would require TWO of three possible misprints. Monday or 3rd and 2005.
Assuming October is correct.... LOL

Definately old news - but it reminds me of just how we've been misinformed all along the line. A year old and 'a number of machines due to enter commercial operation in the coming weeks'.

I dont know who are the more stupid - the loony posters such as maestro or us shareholders! lol

All very well Tonyrelaxes, but they'll need an EGM however they raise the cash of that order, won't they, even if it's entirely a loan. Do director's have unlimited borrowing powers? Maybe for a bank loan (which they won't get to cover it all), but not for debentures/loan stock I wouldn't have thought. Perhaps the 21 days is jsut a nother little detail of real life the directors are about to overlook.

If it needs 21 days notice (agreed) then they need to get their skates on.

Oblo - it's always a hard one - is Maestro there to keep us in, or him out?

Have you ever noticed how boring continuous high-level tension can be? Not that I suffer too badly - I've already written the loss off (v. painful!) but just the waiting, Carruthers, I can't stand it, I say - dissolve into Bluebottle/Neddy Seagoon type chortling noises.

I was just commenting today that the financial loss on this one I can cope with. After all, it's part of a portfolio. Its the loss of time that has me hot and bothered. I reckon I have aged 10 years in the last few months. Who's going to give me that back, I ask?
Alan

Alan,
A younger girl makes the years roll backwards. Trust me, I know ;-))
But the one 50% my age three years ago created worry lines elsewhere!!!
Happy with the present 75%. Very happy.

Tony, Shares mag. says today that Clive Warner (quoted as FD, not CEO - how professional of them to not even get them right!) has contacted all large shareholders to say that the funding will be in place. Have you received a call? Or is this just Shares mag touting its shorting policy; beginning to think that some of their staff are little better than tarts.