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

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.

I have always comforted myself that the size of AgeofR. and Directors holdings were an effective takeover block. And they have a greater insight (sic) into the real worth of the company and it's prospects.
This percentage holding will be reduced by 46% or 66%, unless they are part of the Firm Placing, and removes that blocking minority status.

Tony - That reduction of holding by AoR / Directors can of course be lessened if they subscribe for their entitlement and especially if, as you say, they have already subscribed as part of the "Firm Placing".

Alf

Even if they take up the entitlement their holding will be diluted be 46%. AoR then will only have a holding of around 13%. Considerably less if thay do not take up.

Unless, as we say, they are part of the Firm Placing and already paid.

The Prospectus should be on our doormats tomorrow morning.
That will keep me quiet for a good while!

You would think that the control issue had already been addresses by AoR/Directors. Seems to me this particular financing deal we ended up with was a result of them not wanting to give up more control. Thats seems to be alluded to in the financing release.

Agreed, Tony.

Alfa.

Would Age Of Reason have to issue a statement of intention if it was behind the firm offer and its interest in the company was to rise???
The gentleman behind A of R apparantly is known for buying companies on the cheap, turning them around and making a quick buck.
Alan

Alan - "turning them round" Hmmm

If the fund rising has been done at a cheap price must be a reason. About a month ago the last one was at 8p. ....probably the shorter`s job has helped someone to jump on board or to increase the initial stake at a very discounted price.... Plus still can`t work out why we are in October and the board is thinking to cover (with the fund raised) the Biotec payment wich will be due in June next year. Is like assuming that from now until June Stanelco will not generate any cash to make that payment.

Hmmm indeed.
I do not know what they do, be they asset strippers or superb management types, but someone told me that is how he came by his brass.
the question is though, whether they would be bound by the disclosure rules that they had taken a large amount of the firm placing and gone over the 29% mark.
I think that is the amount by which you have to state your intentions to the market, but no doubt someone will correct me.
Alan

I would dearly like to know AoR's intentions regarding the Entitlement Offer and the Firm Placing but there is no obligation on either them or our Board to tell us.

We can find out after when the updated Share Register is available for inspection.

antofelli, good point. Has anyone any idea what the RNS is today? There is an N alongside SEO on my watch list but nothing when I search for the RNS on the quote page?

Sharesure,
Its the MAM system confused with another SEO (again).

antofelli,
The JV's that SEO seek to contract would require fitting and commissioning. That would not be a quick job, so income may take some considerable time to get on stream. SEO will still need to pay the bills in the meantime.
Alan

Alan.
Yes I believe a 30% stake requires a declaration which is why you often see 29.9% as a holding.

Part of HW's background from the RNS of 8 June 2005 :-

"Howard White began his career in 1973. From 1982 to 1993, Howard set up a
successful business buying distressed businesses, .... orchestrating their turnaround into a profitable Group of businesses."

and selling them!

Your reseach is better than mine, Tony. i was still looking.
The question now is.........any mathematicians out there who can work out what A of R would need to do to get there and any market types who can tell us whether they would have to RNS the fact they were buying any extra in the firm placing?
thanks,
Alan

Alan,
someone has worked out that after all the payments/investments stated in the last RNS will be left about 7mil. So far Stanelco has always raised money ENOUGH only to meet the payments wich are due in the very near future. ... Ok that has probably been the biggest mistake ever, but why change policy when the SP is AT THE VERY BOTTOM when you are sure that any news about contract will only make the price to soar....

Probably because they are drinking in the last chance saloon, anto!!!