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

Dilute what -- nothing --- the bigger the share issue the closer to 0.8p each share is worth

Upside is what is hit by the issue so 30p will remain a distant memory and 5 p just a possibility still should be interesting to watch

Oops - me and my big mouth

all those that brought this morning well done you are brave but did you get a chance in the placing at 0.80p? they are the ones that will have a big smile on there faces.pis pay 1por near people in the right place get discount of 20% from current price as i write,i would not be at all suprised to see the s/price under 0.90 in the coming months as the above start to off load to book there profits.dyor

sp up and down like a whore's knickers! ...... clearly she is currently working!

Can shareholders call for an EGM or something similar because SEO's board need to be strung up by the balls particularly Clown (sorry Clive) Warner and Martin Wanker (sorry Wagner).

WHAT HAVE THEY DELIVERED THIS YEAR

Also why aren't all the details of the financing out?

does nobody else think this rns stinks of panic?

" Company is in the final stages
of completing a fundraising at 0.8 pence "

why release an rns now when funding still hasn't been completed? why not wait? as for loi's ...... they are only binding if both parties are still in business. also, in today's climate , contracts mean nowt really. i mean, look at what happened to the contracts with asda and reiser? it'll be interesting to see just how much was raised by this latest funding/financing, whether enough has been raised to finally get the show on the road. shit or bust time really, innit.

Because they cant release the full details as the financing is in the final stages.
IE not finalised as yet.

because it's "almost" completed

You could cynically say that this is an attempt by the management to force some reluctant investors to stump up some more cash

or

that their communication policy remains over eager issuing pointless and irrelevant messages on speculation of what might happen to the company if things go as they suspect

difficult to decide on which to be honest But surprising to see anyone selling as presumably unless you have been asleep for last 6 months you would have either

1. Sold by now
2. Resigned yourself to the fate of losing what little money you had left in the stock -so why sell now?

a little bemused

Would anyone else be surprised if these shares were temporarily suspended, either at SEO's request or the LSE's ruling till this farce is sorted out. Suspension is not always a bad thing, depending on the reason.

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

Slight problem - PM1 doesn't say its a US link - US law doesn't yet have jurisdiction over the UK!!!

http://www.coollawyer.com/webfront/internet_law_library/articles/law_library_letter_of_intent_article.php


stanelco
Site Admin
Joined: 31 Mar 2006
Posts: 621
Location: Jersey, Channel Islands



I guess I might as well post this bit here, it's taken from the third link, and clearly shows Stanelco are on a PLANNED JOURNEY, and cannot discuss the LOI or deal before a deal is signed hence the silence, so if there is no placing announcement maybe the timeline says they won't need one, because the deadline is within the 6-7 weeks of cash burn, and nobody is expecting anyone to back down on the deal ?

Business Functions of a Letter of Intent

Commitment to Each Other and to the Deal: Signing a letter of intent, from a business perspective, indicates that each party has obtained senior management's approval to work towards closing the proposed business transaction and that the parties have moved into a stage of serious negotiations.

Commitment to the Deal for Others to See: After signing a letter of intent, the parties usually issue a joint press release announcing the event. This is usually to provoke a positive reaction in the stock market to the news and some times to send a message to competitors in the marketplace.

Commitment to a Time Line: An LOI will set forth a time line for negotiations, including a deadline for closing the deal and what will occur if the parties fail to meet the deadline.

Partial Performance and Authorization of Expenditures: After signing a letter of intent, parties will often begin due diligence for the transaction and/or preparation of a formal estimate regarding the transaction. Research and preparation of such documents involves expenditure of significant funds for the time and materials of employees designated to perform these tasks. Senior management will usually authorize spending such funds based on signing the letter of intent, although rarely will the LOI specify that there is any way to recoup these funds if the deal does not close.

Confidentiality: If not already agreed to in a Confidentiality Agreement, each party will agree to keep the transaction and information exchanged in negotiations confidential in an LOI.

Come on now, you moan when they don't release anything and then moan when they do. They have obviously issued the statement due to the wailing and panicking of us shareholders. At least we have an idea of what is happening now and are not continuing to speculate away about 100 trillion pound fairy tail placings.

Something is better than nothing.

and I thought I was bemused before oblomov's post

.8p on the cards look at the RNS... no gurantee of take up either, desperate times...

'Fundraising' at 0.08p per share - does that mean on the entire share issue? This isn't a placing, presumably, but a lone based on 0.08p per share.

Well, I'm going to wait for the financing and the announcement of contracts before investing further. Great good luck to Alan who may make a 10% profit on his x,000 investment. But the absolute gain is not worth the relative risk. The overhang of shares issued at 0.8p will only be removed by contract and profit news. So I'll lose out the first few 10% or so of gain, but it will be a sounder investment for all that.

sd

Quick calculation - could this be raising 7.4m approx? Am I a total clown or doesn't this mean (allowing for SEOspeak) 0.08p per issued share?

It means 0.8p per share to be issued.

0.8p

i still can't work out who would be selling on this news given that if the share was held the holder must have given up the ghost already and written off what investment was left. So why does this announcement spur selling unless its from the guys who are going to buy at 0.8p?

Morning all.

Good bit of argument, Stockdog; it doesn't hurt to play safe.

I thought it was unhelpful to say the least that SEO management did not publish any indication of the size of the placing in today's RNS.

However, it seems that the co's financial future is looking safer and rumours of its imminent demise are greatly exaggerated. We hope.

A thought about dilution. If SEO is really raising a full 15 mil as per recent speculation, they'd need to issue 1,875 million new shares, to add to the approx 1,000 million currently in issue. That's 2,875 million total.

If T&G's prediction of a profit of 1.3 million for 2007 comes true, and the SP sticks at 1p, you'd have a mkt cap of 28.75 mil and a PE of 22.1.

Or at the placing price of 0.8p per share, a PE of 17.7.

I'm inclined to wonder if there will be a sell-off and further price fall after the fundraising. I suspect much will depend upon
a.) the size of the fundraising and resultant dilution: their impact upon a fickle market;
b.) the size of the contracts being negotiated;
c.) whether further contracts are likely to follow within a reasonable timeframe or if we return to the uphill struggle that has characterised the past several months.

FWIW - Along with some others on this thread, I'm beginning to think that the management could also do with an infusion of fresh blood.

All IMO, just thinking out loud. Good luck to all who are holding.