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

Tee Hee

Been away for a few days. Catching up.

The only post of any importance ( and I think it is of great importance) seems to be greeks no. 21678 - yet not a single comment on it!

Not being one to shy away from controversy, I have to say this board has gone very 'rampy' since 9th Oct and anything that could be detrimental to SEO is being ignored. Has PM1 been on a recruting drive since the RNS?

Alan, with respect (and I do repsect your past posting) - you used to take a balanced view but you've definately taken up the PM1 baton of late.

You say 'Just the results of lots of research, but funnily enough the info is there in the factual elements of the RNS's.'

Please point me in the direction of the factual elements of the RNS's over the past year or two if you would - I must have missed them! Do you mean the 200 Greenseal conversions, the deals in the final stages of completion ...... i'm sure I dont need to go on, you're aware of the numerous carrots given out in RNS's that never materialised!

And the research relating to your imaginery friend which you went on about for post after post - GS in ASDA early in September - so where is it?

Going back to greeks post - it shows how there are others out there with similar technology to SEO and that SEO's/Biotech's patents are not sufficient to convince them that SEO have a monopoly. It would have been nice to get back to balanced debate when the prospectus and offer was released, but it never happened. I hope its not too late, because all I'm reading here these days is hyped up ramping.

Sound like some people only want to hear what they want to hear!!

Would major investment houses take a stake without having confidence in the future?

Greenseal does NOT have any competition - fact.

Starpol - yes with Novamont and Natureworks - but different markets.

If some want to hear bad news then they will seek it and ignore the good - after all what sells newpapers good or bad?

Nothing can happen until the finance is agreed at the EGM - even though the EGM is a foregone conclusion.

I have not seen any hyped up ramping - just read the info available and you will find that the future looks a lot better than it did.

oblomov
I agree there has been a bit of ramping on here but I don't think we ever thought that SEO had a complete monopoly, I do see SEO at a crucial stage in it's history it could go either way having said that it's a big world out there and even if a small slice of it goes to SEO then we will see a good return certainly from these levels.


"Some companies predict that the market will grow by about 20 per cent a year, as an alternative to petroleum-based packaging such as the widely-used polyethylene terephthalate (PET)."

You want to see some decent ramping look what was posted on the other side.

Stanelco (SEO.L) OVERWEIGHT
Update 20 OCTOBER 2006

Price/Target: 1.35p/50p
-

Listing Full
Mkt. Cap 30m
Net Cash 14m
Enterprise value 987m

Asda, Wal Mart, Sam's Club, Perseco, The Coca Cola Company, McDonald's finalising deals.


Stanelco and the above are finalising deals worth several hundred million pounds over a 5 year period further details will be released in the coming weeks. Stanelco expects this to generate revenues in excess of 98.7 million pounds in the first year. This could well turn out to be the biggest thing in packaging in the last 50 years, said Perseco. A new Tetrapak? No, Stanelco has gone from conception to commercialisation in just one year. A month ago it was struggling to fund itself, now its starpol line of products, its sealing system and its counterfeiting system will become the industry standard. This is not Tetrapak is ten times better.

I don't know if I should laugh or cry.

tweenie
Always LOL your kids will inherit all your money any way.

pinnacle - 21 Oct 2006 17:22 - 21694 of 21697
Sound like some people only want to hear what they want to hear!!

Would major investment houses take a stake without having confidence in the future?

Yes, they're playing with other peoples money. Also, Fidelity has been in pre ASDA/GS announcements and pre Starpol.

Greenseal does NOT have any competition - fact.

Greenseal has not been taken up - fact. Maybe it has no competition because it doesn't work!

Starpol - yes with Novamont and Natureworks - but different markets.

RNS 8th Sept 2006 'signed letters of intent to
compound Starpol resin for the US market, and contracts are in the process of
being finalised.' But they haven't been, the LOI's weren't even mentioned in the prospectus and now SEO are building the MPP's themselves! The deals fell through, but nobody on this thread has commented on it! Why did they fall through?


If some want to hear bad news then they will seek it and ignore the good - after all what sells newpapers good or bad?

Please tell me the good news, Pinnacle. WHere are the contracts? Who is going to buy Starpol once WE have paid for the MPP's? I dont want to hear bad news - I've lost a great deal of money on SEO. It's good news I want to hear, but I dont hear it.

Nothing can happen until the finance is agreed at the EGM - even though the EGM is a foregone conclusion.

This isn't true. The contracts to which the LOI related could have been signed - they are not dependent on finance!

I have not seen any hyped up ramping - just read the info available and you will find that the future looks a lot better than it did.

Better than it did when the SP was 28p?

I'd love to be convinced that I'm wrong, but I'm feeling at the moment that the LOI's didn't lead to contracts and the whole fund raising scheme is a desperate attempt to survive in the absence of those contracts. There's no meat on the bone here. The institutional investment I see as short term - the SP may rise a little after the 7th. November for a short-term profit. Long term, SEO worries me still.

Oblomov,

First welcome back. Still nail biting times.
As to my post re Rockwell Solutions.
It is yet another example of the many similar products now out there compared to when SEO first mentioned packaging. I still think that in many ways that such products can be used, SEO are still out in front, BUT the lead is narrowing.
Supermarkets will only be driven by legislation and profit. The only way the green issue is a factor is due to none compliance costing them and if they don't change customers money will slide elsewhere ( so yet back to profit again).

I don't think the news re Rockwell, is really bad news, its just that any additional competition keeps that clock ticking, but it has to be taken in context with my first paragraph.

As to the prospectus...it was nice to see all the possible obstacles that may come SEO's way, without anything being glossed over. Hard facts for a change.
I am still SEO positive but my confidence I admit has been severely dented during the last 3 months as I am sure most have.
Greek.

oblomov,

I respect your answers, and the time taken to do them!!

However, I know a little more than you do- dare I say, and the contracts are dependent on finance.

Also greenseal does work as I have seen it and talked to the people who are going to use it.

We may all be surprised by who we see on the new shareholder list and the broader the list is the better.

Have a little more faith - I know it's difficult after seeing the price collapse from 28p, but the future this company has could be quite startling.

It is always difficult to bring products to market - they are now ready and I am confident that you will change your view in the coming weeks.

pinnacle,

I respect your posts and sincerity BUT
'I know a little more than you do' - 6-8 weeks ago I was invited to join a 'delegation' from this thread to visit SEO. I couldn't make it at the time, but three people went and one of them shared the experience with me by telephone and possibly with others. I hope I'm not breaking any confidences here - I dont think so.

If you take a look at the threads from around that time you'll see a lot of 'I know a little more than you do' posts - many here will probably remember them. I contributed to them. I genuinely believed 'I know a little more than you do'.

6-8 weeks down the line, I dont now think I did 'know a little more than you do', and I dont think the three attending the meeting did either, and I suspect they know that now. What we knew was what SEO wanted us to know and what they wanted the three to share to bolster shareholder confidence. I believe that this BB was being played like a fiddle (and I chose that analogy purposely).

If the knowledge you have that is 'little more than you do', was really important, it would have been released as an RNS.

I'm sure greenseal works, but I've heared it is slow compared to conventional methods. Does it work well enough to compete with conventional methods, and if so why hasn't it been taken up despite ASDA's statement 18 months ago that they expected 200-300 conversions within the year?

I've not seen anybody else challenge the strength of the IP or even consider it - yet it is the one most important factor between success or failure! A little late now, maybe, but I wish I had suggested to some of the shareholders on this BB that we took an independent appraisal of the IP.

Faith is something I've never been good at, especially when it comes to investing! The share price collapse isn't my major concern - check back over the posts and you'll see I've said that before and was rideculed for saying it!

What I am concerned about is:-

1. The lack of follow up to items in RNS's which at the time of the RNS made SEO look attractive. e.g. GS conversions, LOI's, contracts 'about to be finalised'.

2. The failure of SEO to answer questions on those items when asked by shareholders. I recently asked a perfectly reasonable question about the way the Patent schedule was laid out in the prospectus and received a totally unhelpful reply. I deduced from that that SEO do not want us to ask questions about patents.

3. The apparant weakness of IP.

4. The fact that contracts were iminent, didn't happen and then we were presented with the 'rescue package' which seems to me like a desperate last-ditch attempt for survival, without any real substance. 5 weeks ago we were close to 2 contracts being signed - the leak to the Times even mentioned it - now there are NO contracts in sight!

5. The excuses. It never seems SEO's fault that there are no contracts. In the case of GS it was the fault of the industry - not SEO. From the prospectus 'The delays have primarily resulted from the limited capacity of the food packaging industry to facilitate the conversion of machines.' The scene is set, presumably, to blame SPHere for the failure of Starpol to be taken up.

There is no doubt in my mind that what we have been witnessing in recent weeks is a fight for the survival of the management, not a fight for the survival of the company leading to profitability. A year down the line I expect to see more carrots and more calls for investment.

I believed in this company until recently - I now have the feeling of waking up from a long sleep.

Oblo,

Nice to have a reality check. I too thought the bb was regressing to the 28p rampy mode!

The LOIs IMO {guess} would have been dependent on finance as SEO were looking to split the cost 50:50 with the JV partner. The estimated cost of a MMP was $7m. The stated 2.8m for each MMP equates to ~$5m, so either:
a) The cost of building an MMP has fallen {not likely}
b) The cost of building an MMP has risen {possible}
c) The split has changed {possible}

Since the LOI announcments we have had news that there has been a falling out between SEO and Sphere. Most likely because SEO would benefit from the lion''s share of the revenue.

Oblomove
good to read your posts, i once thought SEO was best thing since sliced bread but have very different opionion now, won't be selling but wont be buying anymore either until orders are forthcoming
good luck all

Oblo,
been out all day so this is the first chance I have had to reply.
I did spell out the way i had arrived at 5p, and I did apologise if I sounded PM1ish, but I cannot escape my maths.
The LOI are indeed dependant on finance and the RNS states specifically that they are raising money for them. It would be misleading in the extreme if the finance were not for that. There is no reason it should not be. Though I cannot say why, I can say that I know WM are interested and wanting to try Starpol ASAP. You will have to take my word for that.
Each plant would be for a minimum of 20000 tonnes. That is RNS'd. I have every reason to believe that the ones subject to the LOI are larger. When you add a PE to this of reasoned proportions you will arrive at 5p. I have taken no account of GS or of potential. I have also chosen spring, based on a reply to my e-mail to Asda, which announced March as the start of their big push to "green bin friendly" packaging.
I have every reason to be confident of the prediction, and you will note it is probably the first prediction you have read from me that wasn't toungue in cheek.
As for my friend at Asda, I have not seen him since very early in September as the cricket season is long over. I had no reason to doubt him then and i have no reason to doubt him now. The only way I can be certain of his accuracy would be through an RNS, which is unlikely because it is unneccesary and SEO have stated that they will no longer issue "hyped" or unneccesary RNS, or by visiting and examining every Asda store in the UK and finding some GS products. He was, and is, in a position to know exactly what was going on and has no motive I can see for giving me poor information so I will continue to believe it until it is proven wrong.
Anyway, I do not disagree that we are in the wake of broken promises and shattered dreams, and I bow to your superior knowledge on the IP, but I do think that early November will see developments that might restore your faith.
Chin up,
Alan

oblomov,

Thanks for the post.

Time will answer whether you are right or I am.

Not long I think.

Enterprise value 987m ? LOL

Oblomov,

As a final comment on the matter - I am in the food industry and I can tell you that there is great excitement with the products Stanelco have.
So any RNS wouldn't come from them would it!!

Everything must be completed in STRICT order and we will see that the wait will have been worthwhile.

As I have said - Contracts cannot be signed until the finance is agreed at the EGM otherwise they would be criticised for jumping the gun - never mind it being illegal.

Surely you want Stanelco to succeed?

Believe me the industry does and the market for their products is huge especially in the USA.

And to confirm: It was the industry at fault RE: Greenseal and NOT Stanelco.

Many companies have patents pending and it does not affect the business model.

The Industry recognises that there is no competition apart from those I mentioned earlier and they are in a different sector.

I am not interested in another long analysis - as I believe in the information I have and as a result ready for future news.

Good debate though!!

Guys, briefly, I respect your comments as ever, but

1. On the question of the LOi's , the fact that they are not mentioned in either the prospectus or preceding RNS leads me to believe they are no longer relevant - i.e. the deals to which they related are not now on the cards.

2. No disrespect to Alan, who I know passed on the comments from his imaginery friend in good faith, but if GS products had been in ASDA stores at the time of the prospectus they would have said so.

Of course I would like SEO to succeed - thats why I invested Around 60,000 in them over the last 3 years. I didn't realise I was investing in a company that would duck and dive like Arthur Daly and put a spin on every RNS to mislead its shareholders, and I believe the prospectus is yet another example of just that!

Morning Oblo,
The prospectus does say the Asda stuff is ongoing and Asda themselves have told me that their own label organic stuff is being slowly implemented with full roll out in March 2007. I beleive the phrase that the money is to commission at least the first 2 MMU's refers to the LOI. My reading (though it may be wrong) is that the contracts are signed subject to the financing and so the LOI are no longer relevant, as they have moved on.
One of us will be right. Hope its me ;-)
alan

Alan, 'My reading (though it may be wrong) is that the contracts are signed subject to the financing '

Where did you read that? I can find no mention of either the LOI's or the contracts - only new plans to build the plants themselves.

And of course the ASDA stuff is 'ongoing' - that doesn't mean much. It can be ongoing forever (and it already seems as if it has!).