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

Presumably 1) refers to shares bought after the cut off date of 9th. Oct and not
covered by the open offer.

2) Those shareholders with shares bought up to the cut-off date who hold through crest accounts.

oblo - Thanks for the patent date info. For the main Greenseal one then, the Priority Date is round about 10 April 2004, i.e. ~ 18 months earlier with 20 years to run from that date, assuming it runs to grant.


For info, today's post brought my letter from Hargreaves Lansdown inviting an application of 3 new for 5 old held at close of business on 9th October 2006.

The Election Form to take up the offer kindly works out your new share entitlement (still worth checking it yourself, of course) and does not allow you to apply for any amount greater than this entitlement, although you can apply for fewer.

Alfa.

Anyone out there got any news on the factory in wales ?? Is it built yet ???

being a relatively new boy to this world of shares doing my best to understand all that is going on with SEO. Am I right to understand that in order to generate funds they have arranged for lots of shares to be made available to existing share owners at a price of 0.80p. If you therefore owned shares on the given date you will be contacted and given the opportunity to buy more at this price. Are these shares the same as shares already owned - could you sell for instance the next day at the shown share price ? Sorry to be a pain but if anyone could take the time to confirm my understanding or clarify would much appreciate. Could be I am out of my depth certainly felt that way watching my investment decline the way it has over the last few weeks/months.

minordetail.
the answer to all your questions is yes.
you read it right.
Alan

thank you Hew sorry for seeming like a simpleton but need to confirm my understanding. When these shares are in the market because of the dilution isn't the price likely to drop in respect of this additional volume. In which case is the risk in buying the additional shares subject to this price correction. Does that make sense?

Not a simpleton at all. None of us are born knowing how the markets work , and to be fair, most of us will die without ever really working it out!!
The theory is that 15mill (or whatever) is added to the number of shares in circulation and 15 million is added to the companys balance sheet. Result is no change.
In truth, the markets will take a view on whether this money will be used to move to profitability (in which case the price will rise) or be pi$$ed against a wall (in which case it will fall). Just as with the current shares.
Hope that helps,
Alan

Alan thanks very much

Al
I like your new name Hew

Or should that read Phew!

Jaguar121
The factory project in Wales has been shelved. When I last spoke to SEO they said it was still on their list but no longer a priority. (It seems their priority turned out to be to lose as much money as they could in the shortest possible time!!)
kim

Yeah that wall is in for a good wetting, first with champagne as the input into the director's pension scheme and future reward system is celebrated, then with the other stuff as the directors fail to direct and the managers fail to manage again.
Now if they said they were to manufacture Starpol from bullshit, that would be something, since they have created their own mountain thereof. I feel sorry for the engineers and chemists down in the engine room, the good ship SEO having almost run aground, now has to negotiate all those icebergs. Yes thats right, the ones that were supposed to be almost melted months ago, but are still there mostly below the surface. Any one of which could rent a fatal tear in the hull long before the ship sails into paradise harbour.

Call me whatever you like as long as you call me when its teatime!!
I see we've moved from The French Connection to Titanic. Gene Hackman to leonardo Di Caprio in 2 days!! The SP's good looks have done exactly the same, and the directors are still cast as Forrest Gump, even as they script The Colour of Money meets Snatch, with a few scenes from gone in 60 seconds.
If they ever do make a film of all this, lets hope its a Disney one. At least we will get a happy ending.
Alan

but bambi got shot.

And we all had a roast venison feast.

is it still considered lucky to get the chunk of meat with the bullet?

Not if you're the meat.

lol

Alan

For Gawd's sake shut up, my sides are 'urting.

Tried calling your office today, but nobody answered! Business must be good, or are you slacking now that you think the worst if over with SEO?

The oily one

Sorry oily,
Office unmanned for a total of 2 hours. I ought to be shot at dawn for it. (in truth it was manned - its just me that was out - you have my direct line!!)
The worst is over at SEO, at least till the next gas bill.
My confidence is high, but I think next week will bring some profit taking and a chance, for those with the balls, to trade and lower their average. I'm just gonna sit tight, till I get the prospectus then let a princess sleep on it with a pea underneath it. If she can feel the pea, its a real prospectus.
alan