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stockdog - 05 Oct 2006 19:15 - 20886 of 20893
So Geoff, are you saying you don't believe the RNS reported share placing at 0.8p??

Remember what followed placings at 21p and 8p?

'the management are either incompetent or much, much worse' - sounds libelous to me unless he can prove they're incompetent .


How much more proof do you need ?

Before i continue i have no agenda against or for stanelco and really feel for those that have lost money of which i am sure there are many. I havn`t been trading for very long,less than 2 years but have to agree with cynic on this one.Having bailed out at 13p mainly due to Andy Smiths comments at the time, it has been downhill ever since.Nobody on this thread can argue with the charts,i cannot remember a share consistantly falling like this since i started trading .A lot of people on this thread have talked a load of bollocks over the past 6 months but i still feel for the genuine posters .I stated a couple of weeks ago that if a genuine contract had been signed or even near to completion you guys would be the last to know but where are all the massive buys,sorry guys but there just isn`t any and until something positive happens only a fool would touch these. Good luck anyway.

I have emailed MoneyAM to confirm if it is Geoff Hoe of Share Mag who posted.

Can't believe it has almost been a year since we were speculating about the demise etc of GS and giving SEO just one more chance to come good!

It would be nice to hear about the progress on the ASDA salad packing machines, and the Tray-lidders.

thankyou geoff for taking the time to respond. i think it's obvious quite a few don't read shares mag. if they did then they would know each individual writer expresses his/her opinion in their articles and , being human, the opinions can differ. one writer may think seo is worth a punt, other writers think it's a dog. no different to any bb really so why all the fuss from everyone?

pisces, glad to see that you either protected some profits or limited any losses. When I made my comments they were based solely on slow progress and lack of take-up by the packers. Retailers have some powers but at the end of the day they cannot force packers to sign up to new technology without proven benefits. My other concern at the time was that SEO seemed to have too many fingers in too many pies and with little real representation in the packaging world & a high cashburn with little return then the longer the delays the less believable the investment community would find the endless RNS's of "close to deals and more trials". Hindsight is wonderful, (I'd have sold at 30p and not 21p for a start) and SEO will consider that they would have been better proving the technology commercially before setting what has turned out to be ridiculous expectations and RNS's about potential deals with Walmart and squads of engineers all ready to Greenseal everything in sight did not help. What a rollercoaster ride, so many people were lucky enough to make a lot of money on the way up and those brave enough to short on the way back down but many investors choosing to ignore the situation have lost alot of money. I think that the management have a lot of explaining to do about their RNS's and notes to brokers but remember Howard White is likely to lose a lot of money as well if they go bust. They might survive but it will be a long way back if they do and they will need a change of management to take their technologies forward and more importantly because nobody believes a word anymore, even the most avid of pro-SEO supporters still occupying this thread appear to be utterly brassed off. The potential was there and still is with Starpol but what a fuck up. Best of Luck to anyone still holding these,

also in shares mag today is an article titled, " how to stage a shareholder revolt". it might be worth knowing this for future reference.

Hi Bosley - I thought it was talking specifically about SEO - I know it did not mention the company by name - but it might as well have !!

hiya baza. funnily enough i was thinking the same thing ... almost as if they were preparing the ground so that they could be the investor's champion yet again ;) good article though and it shows that the pi can make the board sit up and listen if it's done correctly.

Woodie - I'm inclined to agree with you. Calling people dumb was not in the best taste, but given how I think a team of drunken penguins could have run this company better than its existing management, I think giving said humans more money to burn would be rather silly.

About the line about management being either incompetent or much, much worse, perhaps I should have said that I think they are about as bright as a solar powered torch in a cave.

For the record folks, I have no feelings to hurt - when you've followed Man Utd for 23 years and endured the horror of watching the likes of Clayton Blackmore in the red shirt, criticism is like water off a duck's back. I am just genuinely perplexed as to why so many people believe in this company and take offence at the slightest criticism.

PS: If the shares recover and the company actually starts to turn promises into reality I'll eat my collection of every major league baseball team caps. Somehow I just can't see myself getting THAT much fibre in my diet.

Oblomov, Aldwickk.

Like you I take the post from Geoff Hoe! with a large pinch of salt.
Eagerly awaiting a reply from the E Mail sent to MAM by Aldwickk.
I am sure Geoff would agree, that we should take no one at face value until we get to know their agenda (if they have one) through reading their history of posts.
It is only then that that pinch of salt gets a lot smaller.

Ah well - no news is not good news in my book.

We should have seen an rns this morning (in my view) to announce the money deal and new contracts. this wait will just add more uncertainty

I,too, Am disappointed, baza.

Now Geoff Ho is a more informed guy than me so he may well know that the placing will not go ahead. If he doesn't then he is underestimating the power of refinancing

A Big if coming....

If there is a refinancing I assume the refinancers will have insider info on deals ahead. Therefore they will know their money, at least in the short term, is backed by something concrete. And also as insiders they clear Geoff's "mad" hurdle

If there is a refinacing, it will be done at such a level, deemed to be 0.8p that means the refinancers think they can get a serious return.And by serious return this must take into account the low level of liquidity

Given all this a refi would be positive in outlook and I would see that the refinancers would get expect to see a doubling of their money -- unrealised -- on refinancing just t compensate for liquidity

As such a refi will see the share towards 2p no refi and towards 0.2p . You pays your money you takes your choice

Have a look at other posts GeoffHo has written on this site - I think that shows he is who he says he is.

Goeff's a liar..end of story

Prove it maestro .... or shut up!

The oily one

Had this reply to my email from MoneyAM this morning,

Yes this is Geoff Ho from Shares Magazine.



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14m buy at full ask !!