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

My very simple take on this is that it is a risky business for someone to sign a contract with a company so close to bankruptcy - therefore they must truly beleive that the product(s) can make a difference and will support them - otherwise they would not even have signed loi's.

Therefore I do not think company will go bust. - however I would like to see the current management replaced with some who are more experienced and less niave to turn this company round - that in itself would surely give the sp a boost.

Problem is ,it may just not be possible to release any news right now because of confidentiality clauses until the deals (hopefully there are some still) are signed. SEO's hands could be tied behind their backs on that front.

An interesting piece (oh how I hate to say it!) on PM1's site about just how binding LOI's are - if anyone cant log in and wants to see it I'll copy it here. Seems that LOI's are quite binding, like a pre-agreement in many ways.

Does anyone know what the conditions would need to be for the shares to be suspended and if we are anywhere near to those conditions? If so, do they get a chance to pull a rabbit out of the hat or is it purely an automatic procedure?

well I'm now a very rich man on paper.
lol
So what exactly has changed, with the exception of lots of shares from losers to winners.

I an pretty sure that the shares wont get suspended !!!! (famous last words) - why should they - they have apparantly secured enough funding (8m - 15m) - probably 8m to get them through next stage of commercialisation.

I would expect an RNS tomorrow confirming the arrangement - but I emphasise - I am only speculating . I know nuffing

bhunt were does your info come from re. securing of funding?

There is talk of a rights issue in the times newspaper today - the rights issue to be announced tomorrow.

May be better to keep your cash until we find out how much we are going to need for the issue.

alan .... so does fools rush in ...... lol! ..... don't take the comment to heart please; not meant that way

No offence taken. I am confident of the products, if not the old management, and my strategies have worked very well for me over the years.
Some you win, some you lose, but on the whole, I win. What more could I ask?

Oblomov,

As you say a very interesting piece on PM1' site re LOIs.
Well worth a read.

Anyone able to post it here. i am not a member.
Thanks,
Alan

i've just been told that big boys are now piling in... 1p was the target.. buy!buy!buy!

there she blows!!

Fundraising @ 0.8p

Maestro is a legend!! LOL

not what i've heard...multi million pounds deals imminent

well , i'm in profit????
anyone still shorting seo?
1p party time.
I'm laughing or else i'd cry.

I think a lot of new punters/gamblers will pile into this share with money on high risk.
OK it could still go belly up, but the potential reward getting in now is huge.
This is not a ramp just fact, IE for those who gamble high risk shares this one must be worth a punt.
I am not putting any more cash in as yet, as I do not wish to risk any more cash at this level.

Stanelco PLC
05 October 2006


Stanelco plc (the 'Company')


5 October 2006


Financing update


Further to recent trading updates on 17 August 2006 and 8 September 2006, the
Board of Stanelco plc wishes to confirm that the Company is in the final stages
of completing a fundraising at 0.8 pence per ordinary share.


A further announcement will be made in due course.


- Ends -


For further information please contact:


Stanelco PLC

Martin Wagner, Chief Executive

Tel: +44 (0)2380 867100


This information is provided by RNS
The company news service from the London Stock Exchange

.

close your shorts --- open the longs ?