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

Dawall,
The only reason I have not already contacted the LSE is that I do not wish to make matters worse for SEO via the management team, until I have to. That is why I mentioned a couple of months.

Sorry to be a bother,been overseas last 12 days,502 posts later, can anyone of you kind fellows give a holder a precised resume as to what the hells going on,thanks in anticipation,and dare i say it,good luck to all holders,i think we may need it!! cheers.

Hi All

Certainly interesting times, if a little worrying, well, very worrying!!! Been some good threads today.
Did any of you read in Shares Mag, not sure if it was last week or week before.
"5 SHARES WORTH A PUNT" who was one of the 5 - Stanelco !!!! Seems they are doing there best to scupper the ship, sure those who took their word arn't feeling too happy!

Good luck, we are going to need it !

Dave

I resisted buying today but I bet we see a bounce tomorrow.

Boldtrader, In a nutshell
SEO are on the brink of
1) Signing contracts
2) Going bankrupt
3) Raising funds to continue to commercialization/bankruptcy.

The only sane shareholders left are thinking of hiring a small taxi to get down to Southampton to lynch SEO management!
kim

are they trying to do a management buy out like QXL tried to do when their shareprice was rock bottom..i think these directors need a good &&&&&&

Presumably the 7m WT after hours was a sell?

Not sure Oblo - I thought it might be a buy as you could get a higher price than .05 for most of the day. But must confess to being ignorant on wt trades

Looks like it was an exciting afternoon while I was out.
I always miss the fun.

.

Buy back in at 0.5p then the 0.8p placing will drag the price UP!!!! LOLROTF. Not long to wait now.

another 1.2 m buy after the bell. Not quite the same impact as it used to be - but every little helps

400M extra shares at 0.8p ...probably all spoken for..Asda,Tesco etc

Staying on the fence with this one, LOIs are not binding as still in negotiation. Lets also add to that SEO doesn't have a great deal of negotiating power left. Should any LOI be converted to contract at this stage I suspect SEO will be forced to offer large discounts or face the alternitive and be forced out of business through insolvency. Also would be keen to see a creditors report who no doubt are stepping up collection activity. SEO are high risk and that will only cause what little cash the company has to be burnt even quicker!!

Hi, I'm Geoff Ho of Shares Magazine. I would like to put a few things straight here, after reading some of the comments on this thread.

a) Shares Magazine has NO agenda against Stanelco.

b) I am the one who thought up of the Stanelco trade and it was written before Timon Day's story that appeared on page 6.

c) I recommended shorting Stanelco for a number of reasons. First, lots of people out there are already shorting it and winning. Why go against the tide? Secondly, in my opinion (I STRESS THIS IS NOT SHARES MAGAZINE OPINION, it is my own) this company is a screaming sell because the management are either incompetent or much, much worse. They are burning through cash like there is no tomorrow and have failed to exploit some wonderful technology they''ve developed. They are going bust and I can't see anyway out for them.

d) No one at Shares has profited from shorting Stanelco. For the record, SHARES has very clear rules about staff and their ability to trade. Look in the front of the magazine - the rules are very strict, so strict in fact that I have not bought or sold a share or made a spread bet since I have been here.

e) There were no factual errors in Timon Day's story on page 6. Contrary to whoever claimed it, we have clearly quoted CLIVE WARNER as CFO, not Martin Wagner.

There, I've had my say. Feel free to disagree with me if you want, but at the end of the day I think this company is a goner. The only way it will recover is if shareholders get shot of the management.

Geoff Ho

So Geoff, are you saying you don't believe the RNS reported share placing at 0.8p??

Fair play Geof, don't take any posts to heart, there are alot of good posters here but also the manipulative idiots and spin doctors that do the rounds on all free BBs. Its all too easy to invent a name and post whatever you like true or false and when things start going wrong the finger gets pointed.

geoffho it was nice of you to take the time to post here,i agree with about the company but as i stated earlier i think it was offence the wording used in the article" an emergency fundraising will soon take place,but surely no one will be dumb enough to bail them out.the only direction seo is moving downward" calling fellow investors dumb, only my view, but others might have found it funny.

All very interesting GeoffHo, but as most of us have not seen the article I dont quite see the point of the post unless it is to incite the shareholders to 'get shot of the management'.

Your post doesn't strike me as a very professional act from what, presumably, is considered to be a reputable magazine.

I understand that a week ago your magazine were tipping SEO as 'a punt'. If so, your latest stance and opinion would seem extreme given that the management haven't changed in the past week.

If it is Geoff Ho.