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

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!).

I mean my reading as in my understanding. That is why I said it may be wrong.
LOI are factual reporting in an RNS. If they were dropped, then the 12 million or so already pledged and the interest of the froggies and the miners would not be forthcoming. The only reason for not mentioning the LOI in the prospectus is that they have ceased to mean anything. I choose to interprete that as they are now signed, subject to finance. I think the prospectus implies that quite firmly when it talks about at least the first two. It would be very co-incidental if it were a different two, or two was a number plucked at random!!
As for Asda, ongoing means very little taken on its own, but when you add to that Asdas public pledge to make, as a start, its own label stuff come in green bin friendly packaging by March 2007, it adds up. What is implied by the idea that GS is going nowhere with Asda is the idea that Asda have decided to launch biodegradable packaging, sealed in a biodegradable way, without using GS or Starpol and without telling Stanelco to butt out, and that Asda are confident of being able to do this, from scratch in 4 months.
I freely admit that either your case or mine can logically be true, but I suggest that the scenario I propose is more likely, and other well respected posters to this thread have access to info I do not and they seem to think in the same way.
Inevitably, it will be a mix of the two views in the short term, and there will be delays and frustrations along the way. This is SEO after all. But I cannot believe the premise that Asda have dropped it and the LOI parties have called it a day while those privy to clearer information than us have stumped up 12 million. If those were the case, what exactly is there left to invest in??
As always, IMHO etc.......
Alan

Well I'm broke having brought a new house/kitchen/bathroom etc.
Oh and all the SEO shares I own.
Like most, I won't be buying anymore , unless there are deals signed and delivered.
The promise of JAM TOMORROW has left a very bitter after taste.
I think SEO have led us up the garden path re the way the refinancing has been handled.
I had an inkling and posted so several months back. I failed to follow my own instincts and am now sitting on as loss . Still if sp hits 3p I'm back in profit.
5p is reasonable. 28p seem a long way off at present and the 1 party does'nt even bear comtemplating at present.
I'm not as pessimistic as OBLOMOV nor am I from the PM1 camp.
We all know the potential, but only cash pays the bills and puts clothes on kids backs. SO :
SHOW ME THE MONEY , YOU USELESS BUNCH OF SOUTHERN JESSY'S, I KNOW WHERE YOU LIVE.
;-)

'HA' 'HA 'HA'.
So I asume you did'nt buy a house in 'Happy Hampstead'.
Good Luck to you and All. SEO should come good.
{I thought "JESSY'S," was a useless Northern name}
Happy Sunday.

Oblo

Appreciate your posts but you do seem to be a little hung up om pm1.
The Board stated recently that 2 major contracts are being finalised. If they're lying then they are a gang of crooks! Seems unlikely.

Patience.

Nice to read some decent debate on a BB chaps.

My understanding of the Greenseal delays can be traced back to failures of SEO Management who either failed to consider the potential difficulties of on-site testing (as opposed to controlled laboratory conditions) or the issues that packagers might have in having to change lines and the downtime this would cause.

The tie-in to ASDA has with hindsight proved to be a disadvantage with take-up / Testing of the GS technology.

Time for a bit of honesty from the SEO board methinks. Just where does the buck stop?

Still in and likely to remain so as a long term hold. The original reasons for me to get in and accumulate over the past 2-3 years are still there, and much closer to fruition, but the sloppy inexperienced management worries me.

The risk reward with this share is keeping me in. Sentiment can change very rapidly in either direction- as we have seen in practice. A few decent deals could really set the fire under the SP again

A bit worried.

halfamil 'The Board stated recently that 2 major contracts are being finalised'

Keep up! That was early in September, then no news and nothing in the Prospectus. The contracts have evaporated like all past SEO contracts. You haven't listened to thing I've said, have you? lol

Alan, 'The only reason for not mentioning the LOI in the prospectus is that they have ceased to mean anything'

We agree, then.

We do indeed Oblo. The only disagreement is over why. I choose to believe that the LOI mean nothing because they have moved on to full formal contracts subject to finance, you believe the other parties have pulled out.
If your interpretation is correct, then why the line about commercialising at least the first two MMU's???
Alan

it may mean nothing but during a shopping trip this weekend i did notice a hell of a lot of new packaging at asda. no mention anywhere of biodegradability or where the packaging came from, though.

One other point Oblo. If you had 12 million to stick into a company whose finances were shot to shit, would you not ask about LOI that had been signed only a month previously, and if the answer was the company had been blown out, would you proffer your 12 million? I wouldn't. Neither would I if I were an institutional investor or a pension fund manager.
Alan

Bos,
To be honest I would not have the foggiest idea what Starpol or GS looked like, but I noticed the same about 2 weeks ago in the prepared salad section (the clear lidded trays with the disposable spoon etc.).
Didn't comment cos I didn't know.
Alan

can someone tell me what`s going on with `vislinks ` shares not many shares are sold but it`s still going up & up . is it worth a punt .please tell me

This is the Stanelco thread. Go elsewhere for the information you are seeking

The oily one

Alan, 'I choose to believe that the LOI mean nothing because they have moved on to full formal contracts subject to finance'

Doesn't make sense. If the contracts have not been signed, the LOI's are still relevant. The LOI's can only be irrelevant if it is no longer the intention to sign the contracts.

Even if it is intended to wait for finance before signing, the LOI's would have as much validity as they had when announced. Yet they have been dropped from the prospectus.

Considering the prospectus went to over 200 pages and into minute detail, you would expect the LOI's to have been mentioned, particularly as they had previously been thought important enough to have two RNS's devoted to them!

No mention of LOI's means 'there is no longer any intention to enter into contract'.

Hence SEO decide to build the plants themselves and then look for customers - something they haven't thus far proved they are very good at.

'If you had 12 million to stick into a company ........would you not ask about LOI...' - who has put 12m in?