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

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

zscrooge
I would think SEO feel guilty that the share price dropped so much, so they gave holders the chance to average down and recover losses, which I belleve they will.

I do not know the rules for listing in the USA, I just stated it is possible, if they are building production in the states then why not.

Stockdog,

FWIW, the breakdown of major shareholders, according to my online broker.

Stanelco PLC
Major Shareholders

Shares in issue: 996.3m 0.1p Ords
Major Shareholders Amount % Holding
Age of Reason Foundation 217,078,122 23.12
Richards & Appleby Ltd 73,371,681 7.82
Barclayshare Nominees Ltd 60,892,255 6.49
Waterhouse Nominees Ltd 35,969,831 3.83
L R Nominees Ltd 31,507,514 3.36
FMR CORP and Fidelity Int Ltd 29,348,700 3.11

Other Directors Amount % Holding
Philip Albert Lovegrove 4,577,083 0.488
Ian H Balchin 1,640,000 0.175



= Director


As I pointed out the last time I posted this breakdown, it appears that the only major institutional holder is Fidelity. The nominee accounts strike me as being those of PI's, not institutional custody, indicating that there has been a low take-up of SEO stock by investment or pension funds.

WDIK, just conjecture.

jimward...seo will ONLY get shareholders sympathy if they can actually get some ORDERS in the book, cos if not the shareholders are well and truly f****d . Forget about the jam tomorrow as there will not be any bread left to put it on

Robinhood,
Not going to, all I said was "I wonder how many have sold, just to get sufficient cash to buy their alloted number of shares at .8p".
IE sell a certain number when sell price was .9p, use cash to buy alloted number at .8p. OK I appreciate the alloted number would be less, due to any sale (3 for 5 held at record date).

zscrooge.SEO are not listed on AIM,if you're going to throw your twopenneth in at least get your facts right before you start.

48,000,000 whats this?

A crossover trade just gone through for plus48m, which at .87p looks very much like someone has an order in for this amount.
It's a hell of an amount even at that price. Yes someone (bet its an institution) is confident.

somebody don't want them , somebody does

X Agency Cross or Riskless Principal at Same Price

Who is Age of Reason foundation? If they hold 23% surely this goes against the very escence of their name.

I'm waiting to buy back in at 0.5p! (there is so much rubbish spouted on here that I though I would join in)