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

boldtrader - yes of course -but it does feel like an AIM share ;-) And I'm glad I've still got two penneth to throw in - it's enough to turn one into Haystack, II or blinger.....ok, maybe not.

SD,

I blame it on failing eyesight and rushing. Got my decimal point in the wrong place, but point made...would the Age of Reason have 1m lying around to take up the offer?

At that price, it is certainly a question worth asking.

LONG TERM INCENTIVE PLAN ('LTIP')



The Directors believe that it would be in the best interests of Shareholders to
set up an LTIP to ensure that Martin Wagner and Clive Warner are appropriately
rewarded if the Company achieves certain goals. The Company is therefore
intending to prepare such a scheme which it aims to put in place at the earliest
possible opportunity. A further announcement will be made by the Company at the
appropriate time.

That must be a joke.

not at all shareholders will find it near the back of the document when they receive it i have no page number at the moment

anyone know if Warner & Wagner will be buying any shares?

Automatic
I don't see that they can. They had no shareholding on the Record date (6 November) on which to take up the Open Offer entitlements of 3 for 5 - and there is no public offer. Possibly they fall within the category of "Institutions and certain investors" that have already paid 11m although they were not already investors at the time.

Actually, that 11m may be why the issue is not underwritten.
Thinking about it (and this is only guesswork) underwriting costs and SEO may have taken the decision that with the 11m of firm orders and the other ones that are subject to clawback, they have enough to do as they would like. The rest is just to ensure we all vote in favour and get an opportunity to share in whatever the future holds, good or bad. No point underwriting an offer that already has sufficient sales.
Just a thought.
Alan

alan that is the most logical reason so far that has been put forward

Stockdog,

Yes, thanks. I agree with you (re the X trade) it's just that I am still looking for a very simple explanation of what it means and why, not just the bland bit put out by the LSE.
This is not a dig at anyone who has put their four pennyworth in but dig at the LSE, who think we all understand the market speak.

Woodie,

As to the bit, To ensure that Martin Wagner and Clive Warner are appropriately
rewarded if the Company achieves certain goals. I fully agree that they should be appropriately rewarded. Appropriate being the operative word.
If we do achieve success big style, their reward should reflect this, the same rule being that if things sink totally they should receive zilch.
If they are so confident, why don't they agree to receive numeration built on results only, that might be the kick up the backside they need.

Re them buying shres. If contracts are as near as they keep telling us, they can't buy shares now as it would be insider dealing.

greekman agree with above but what you find with most companies they will not let shareholders know what targets they have set, as this has only been put into the public domain we will wait and see.

Yes but if targets were set they would have to publish them either in the results or at the AGM when it comes to remuneration. But as you say, it's wait and see.

greekman - X trades are often done between closely-related parties, e.g. husband and wife, one fund to another within an institution's portfolio of OEICs or pension funds etc.

In the case of the former, they're not always massive lumps of stock but in the case of the latter, they can be.

Because it's a guaranteed transfer, there's no risk to the intermediary of being left holding a lump and so there is likely to be only a nominal charge made for the transaction, if any.

Not sure if this is any clearer.

Alfa.

Times Rumour.

Sphere will make an offer for Stanelco once financing is in place!

Quite possible as Age of Reason may NOT have the block in the new set-up AND we do not know at this time how much of the new share capital Sphere may have bought!!

This would work for Sphere - not us private shareholders.

Also could have already being agreed behind the scenes so as to enable the contracts to proceed.

The question is how Much?

Me thinks max 5p - sadly.

Alan post 21215 that was exactly my thought but then I discarded at getting down the too hopeful or optimistic line!

It was only a thought, dawall. No basis in any facts, its just I could not see the point in underwriting a 15m placing where 11m is accounted for and over 1m is costs, especially when half of it appears to be desirable, but not critical. It simply doesn't add up.
Alan

Have not seen the article , but could it be that Sphere may want to buy SEO's Biotec share?

If there is no biotec then there is no Stanelco!!

Sphere will want all of Stanelco as agreements and patents are in their name.

This is rumoured to happen AFTER the financing and before the MMF's get into production.

IF they get into production Sphere would have to pay more - so let's hope that happens.

Alfalfa,

Yes, it's much clearer now. Like most things when simply explained, it makes sense. Ta much.
Greek.