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

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?

Oblo,
I wrote that my take was the contracts had been signed subject to finance, not would be if finance were forthcoming. No need for an RNS cos they were "subject to" and the LOI are no longer relevent, because the contracts were done. Your take could be equally true, but any company lawyer will tell you that LOI are not lightly done. They tie you to signing unless certain pre requisites are not met. You cannot back out of them easily.
The 12 million is the offer shares already taken. These were taken before the RNS about the offer and so must come from large and / or institutional investors who the company and its brokers approached in order to secure the bulk of the finance. These guys will have had a face to face prospectus presented and will have done an awful lot of due diligence, which is why there was such a long time between the announcement of SEO addressing funding and announcing it.
Time wil tell, but I am confident that as soon as the vote is secure, the contracts will be announced as signed, after all, if the contract is "subject to" the financing they cannot announce it prior to the vote and the LOI are nulled by the contracts being in that position.
Just my take on the situation. I know you will feel free to point out the invalid points ;-)
Alan

oblo/
how about a quick e/mail to SEO asking if LOI still exist.
regards

Auto,
done it about 3 minutes ago!!!
I would also argue that the LOI being withdrawn would have a significant impact on the markets and to not RNS that would be a breach of LSE rules, but that is another story.
Alan

I emailed SEO last night about the LOI's - will be interesting if we get a response

If they are like Asda we will get a response in about 5 years!!!!
Anyone else got a take on the LOI debate. Its likely that I and maybe Oblo are missing something.
Alan

I see the prices are being fiddled again, a leap up on 3 sells!

o/t - good to see BPRG making good headway after all the fuss earlier in the year. Would be nice to see SEO following suit

Any one here going to the MAM Xmas bash on the 8th December - looks like a spot of fun to me ??

I was thinking of having a northern one. The menu would be 14 pints of Theakstons, a pork pie with a piece of holly in it and a doner kebab on the way home. Traditional Christmas fayre.
Alan