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

Tony - yes I've finally found the date. Thanks.

Alfa.

garyble

"
Shareholders should be aware that if the Resolutions to be proposed at the EGM
are not passed and Admission does not take place, the net proceeds of the Issue
will not be received by the Company. If Admission does not take place, the
Company's cash requirements would be likely to exceed the amount available under
its existing overdraft facility with Barclays Bank PLC by the end of November
2006 and, in any event, this facility would be subject to immediate review and
potential withdrawal. In addition, under the terms of the current funding
granted to the Company, certain lenders have the right to demand immediate
repayment of outstanding amounts of 0.9m due by the end of November 2006, which
the Company would not be in a position to repay.



The Board considers that, in this scenario, they would seek to agree new
facilities with an appropriate lender and/or seek alternative means of funding,
such as convertible loans, asset-based finance or supplier financing. However,
the Board believes that any such facilities or loans, on the assumption that
such facilities or loans could be agreed, would be on significantly restrictive
terms and may necessitate the Group undertaking to effect certain actions and
grant certain rights to the lenders. In these circumstances, the Board believes
that the Group would not be able to continue the development of its intellectual
property portfolio to commercialisation in a manner in which would allow the
Group to retain all of its key staff and intellectual property rights. The Board
consequently believes that any such arrangements would not be in the best
interests of Shareholders. Unless funds are received pursuant to the Issue or
unless the Company obtains further funding, there is a material risk that the
Company will not be able to meet its debts as they fall due and will become
insolvent."

that is the impression i get.

I think its good of SEO to let private investors in on part of this offer.
How many times have you been part of a company that have needed more cash and they only go to institutions and left the small invester out.
Thank you SEO i will be taking my allocation up.

Well if you can't get institutions to buy your shares then who else do you have top turn to Jimward? Exactly - YOU. I wouldnt say its good of them id say its desperate - if you have any sense then dont take up any and leave the boat that sunk a long time ago.

Small point.
Comparing SP of 0.8p and Offer price of 0.8p don't forget dealing costs. There are none if you buy under the offer.

Tonyrelaxes - If the EGM votes against the motions, our money will have to be refunded, I assume, like any conditional application to a fund-raising if the conditions aren't met.

Age Of Reason may or may not be part of the Firm Placing, but they also have rights under the Open Offer on the same 3 for 5 basis as everyone else. I think it is highly material given the beneficial interest of their shares on both counts - Firm Placee and Open Offer intentions.

I will email SEO and ask this now. I may even ask FSA what their opinion on fair disclosure is on this issue.

Jimward - agree, wish it was a higher proportion available to us to reduce the dilution further to nearer, say, 25% only. Can't do the maths quick enough to work out what proportion of the 2.075bn shares whould need to be on Open Offer for that level of diultion. No doubt someone can, as an academic if fruitless point.

sd

Issue: Open Offer

Ratio: 3 for 5
Subscription price: 0.8p
IG Deadline: TBA
How will this effect your position?

Standard positions

On the ex date standard positions will have a position in the rights booked onto the account at the above ratio at a level of 0. These rights are NOT tradable in the market.

Clients who are long will have the option to:

To do nothing. The entitlement will lapse.
To take up the entitlement.
A decision must be made by the IG deadline.

The default is to lapse the entitlement.

Clients who are short will have the option to:

To run to expiry and risk being taken up against.

Positions with Stops:

Positions with stops will have their positions closed based on the close of business price on the 09 October 2006. A new position will be opened at an adjusted level and size to reflect the above terms. The monetary risk of the trade will remain the same.

Please note that the information provided is preliminary and could be subject to change.

do you hold SEO tony?

Here it is:-

Dear Sir/Madam

I'm very pleased to see you are at last able to publish your plans for the long awaited fund-raising.

In deciding the merits of investing more money with your company, one question I have which I believe to be highly material is the intention of the Age of Reason trust. I know them to be a large (the single largest?) shareholder in SEO and I also understand that Mr Howard White one of your directors and/or his immediate family has a large beneficial interset in this trust. Surely this amounts to a director's interest and shareholders should know:-

a) Is the trust contemplating putting in more money under the Firm Placing, or the Placing?

b) is the trust intending to take up its rights under the Open Offer?

I am sure you are pretty busy on all fronts corporate at present, but I would sincerely appreciate your brief response to the above questions.

Many thanks.

Yours faithfully,

Jimward

Although not a rights issue where the rights are independently tradable, am I not right that if you sell your shares post-6th October, the rights under the Open Offer attach to the new holder and you can fill in a form to say so prior to 5 days before the EGM?

sd

sd
don't know! anybody ?

Your Broker can sell your rights in the open market.

I think the rights issue is going to flop, unless there is news of contracts with cash flow not to far behind.

Rights cannot always be traded in themselves. It depends on the detail of the issue.

After this placing SEO will have enough spare cash, to list in the USA!!!

Or pay for costly litigation.

jimward9 - 10 Oct 2006 12:22 - 21164 of 21177
I think its good of SEO to let private investors in on part of this offer.

LOL!!

jimward9 - 10 Oct 2006 13:33 - 21176 of 21177
After this placing SEO will have enough spare cash, to list in the USA!!!

LOL again. Do you think the rules in the US which are more stringent than on AIM would allow SEO to list?

The only certainity is that the funds raised will be well over what they stated to need..... why?

as you know i am not a shareholder in this company, what i feel is the very importent question that you should try and find out before you decide to invest more money is , the shares that have a FIRM COMMITMENT is there a get out clause i.e if the share price goes below 0.80 can they can withdraw,or regardless of the price they are commited to go ahead.

its not a rights issue

Proposed Firm Placing of 1,375,000,000 New Ordinary Shares and

Open Offer of 600,992,559 New Ordinary Shares at 0.8 pence per New Ordinary
Share, of which 148,278,000 New Ordinary Shares are being placed subject to
clawback to satisfy valid acceptances under the Open Offer