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

Be a bit ironic, if a contract gets signed prior to the offer of .8p take up date.
We can but hope.

thing is Alan, we have been waiting for good news for such a long time and it never seems to come!

Are SEO paying for these or only 50% is 2.8m full cost or SEO share.
Do Sphere pay same.
(to ensure successful completion by either Biotec, ((or in accordance with
the provisions of the Joint Venture Agreement)), Stanelco of at least the first
two manufacturing facilities in the USA, which will cost approximately 2.8m
each, for the production of starch-based resins, including Starpol materials,developed by Biotec)

I thouht these were going to be licenced out for others to build.

Poetic justice is the term for which you strive, greek ;-)

alan one thing you can be sure of is if there is a contract signed by the egm they will get it out asap to move the s/price far away from 0.80 so there is a chance of a full take up,you are right re the prospectus all known buisness must be dis-closed in this document at the time of writing.

Someone a while back mentioned, biodegradable coffins.
Anyone know how many there are on Stanelco's board.
Sorry mind wandering again.

sellsell,
I agree, we have been waiting too long and I am disgusted with the management of old for the mess we got in.
I wish I could be more forthcoming, but I cannot. I just have absolute conviction, based on research, that patience will be rewarded.
Having said that I have been consistant in saying not to buy these unless you have researched the current position fully, as I would not give anyone it as a tip. I kept my powder dry for quite a long time and I have been busy upping my stake over the last week or so, because i still believe, and I wanted my average down.
I really cannot say why i am confident. i just am.
Research is king.
Alan

You dont suppose that the directors are actually thinking about their shareholders (as well as the age of reason) - and will announce a contract that will set the sp alight and move it up to the 1.5 to 2p range do you - thus giving existing shareholders who have been slaughtered over the past few months an opportunity to buy shares at less than half price and thus get some of their money back.

Just a thought - just think what might happen now if they announced a major contract. The sp would double (say) and all those with shares on Friday would immediately be able to buy at half price.

Then again - pigs might fly!!!!

Hi Bhunt,

It appears we were both thinking the same re If Contract.

i really do hope you are right Alan, my avg is around 8p and i have been thinking of averaging down. the sleepness nights are making me more tired every day!
anyway goodluck, hope this comes good for all shareholders

What happens to loan stock when this dilution happens?
Do shorters have to close, or is there position extended by the amount of the dilution any one know ?
With 60m shares on loan if they had to close that alone would send the share price up.

I have to say that I am disappointed not to hear news of a contract.

It does beg the question as to what has happened to those letters of Intent

But if the Times last week suggested that a contract was in the offing ......

They are still there, baza;

to ensure successful completion by either Biotec, or in accordance with
the provisions of the Joint Venture Agreement, Stanelco of at least the first
two manufacturing facilities in the USA, which will cost approximately 2.8m
each, for the production of starch-based resins, including Starpol materials,
developed by Biotec;

Baza
If these companys want Starpol 3000 they will not sign untill it is passed for use.

Jim , know what your getting at - expecting shorters to close and if it is real stock which has been loaned out to sell then one would imagine the owners would want it back before the rights issue so they can take part.

unfortunately if the 60 million loaned is correct then you may not see it in the market with the amount of trades going thro,

A few suggested answers to some of the questions above:-

I think firm placing means 1.375bn are placed. So are a further 148m, subject to being clawed back. All that is not guaranteed is (600,992,559 - 148,278,000) = 452,714,559 under the open offer which depends upon either existing shareholders taking up their allocation, or the remainder being placed with other new shareholders by T&G.

I don't expect any contracts to be capable of being signed until after the fund-raising is completed. I hope to God T&G are properly convinced that they will be thereafter.

I think Biotec will have to grant a licence on the Starpol IP to each JV between SEO and a US manaufacturer. Can't see how Biotec can refuse, if they cannot provide the capacity and location required. So all Starpol IP licence revenues are split with Sphere. SEO also shares the profit on the JV operation, I guess. I hope SEO do not piss off Biotec and Sphere by trying to strong-arm them into letting SEO have the IP licence for nothing or via the wrong contractual relationships.

I read the jv costs as being 2.8m each to SEO - X 2 plus the final payment on Biotec = 7.2m, leaving 7.2m for working capital after expenses. Seems about right.

Nothing need happen to any borrowed stock being used to sell short - existing shares are not affected by the placing (other than being a little cheapened!). But it might be advisable to close the shorts and return the stock, since, if this is to work at all, the odds must favour the SP rising after fund-raising is completed and contracts presumably thereafter signed.

Nothing in the above is certain, but it's the view I am comfortable with until facts are presented which suggest otherwise. The cost of taking up the open offer at 0.8p for most of you serious long-term holders must be pretty small compared to what you're in for already. You've all been waiting for the solution. Now it's arrived, there may be one or two irritating anomalies and omissions, but it's there on the table and 1.375bn of placees say it's going to work. There's only one conclusion I can come to which is to support it.

sd

stockdog
thank you.

Good post, sd.
Alan

Jim,
Re ....Do shorters have to close, or is there position extended by the amount of the dilution any one know.
As I understand it a dilution of shares has no baring on shorters positions. They can only extend as they normally would. The trading date is binding unless both parties agree to an extension.