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

Are you implying that the shareholders are revolting, Baza?????

They were - and they will be !!

Yes bhunt I agree. Rumour has it no glasses or plates or bottles at EGM. Just Starpol 3000 like bottles and trays that don't shatter when lobbed on stage.

hewittalan6
Alan, i am amazed that SEO couldn't awnser your question about LOI still existing, all they had to say was yes(if they still are) no secret, but i think i will leave it there

For the sake of clarity, the exact question I asked SEO was;

Can you please confirm that these letters are still valid, or if they are not, why the market has not been informed.

Alan

Yes it's good to have disagreements,without any back biting. Good posts of late.
Heres my take for what it's worth.

LOI's...Not dead as they were LOI's for the sole purpose of intending to sign future agreements (contracts) if certain conditions, also already agreed are met. It would be impossible in a business sense to sign an LIO not being fully aware of the aforesaid conditions.

CONTRACTS.... Cant see how these could have been signed, for two reasons.

1 If contracts signed, they would/could be used in place of the LOI's, so LOI's would not have been required, re the funding.

2 If contracts signed, they would have to have released an RNS asap, as this would have had dramatic effect on the sp.
They would imho have no chance of keeping it quiet.

Of course only time will tell.

make sure your in ERX before 25th ;-)

Good posts Oblo.

For those that are interested

The EGM is at the offices of Teather & Greenwood Limited, Beaufort House, 15 Botolph Street, London, EC3A 7QR, on 6 November 2006 at 11.00am

Once the FDA approval for Starpol 3000 is announced, and financing is in place, the contracts will follow. That's my simple take on the situation.

"build it and they will come".........

Tweenie is Kevin Costner??????????????

Anyone had the open offer letter through from HSBC InvestDirect yet? They will only let you process it online with details from letter that they post out and I have had nothing from them.

Gaz

A northern Kevin Costner???????

Verily, the mind doth boggle...........

Asda just advertised bags containing Asda shop goods on national tv!!

Are these Biocompostable bags with biocompostable packaged products inside them ?? ie Stanelco packaged ??

My penny's worth:

SEO were negotiating with inetrested parties re: MMPs, but due to cash burn and facing the possibility of insolvency, a deal was struck with the concerned parties to issue letters of intent in order to secure funding.....did the trick and have served their purpose!

Contracts were being and probably have been finalised since the issue of the LOIs, but blue bottle in the ointment/soup in the form of Sphere/Biotec dispute.....deja vu...BPRG cc!

The following is taken from page 29 of the prospectus:

"In order to move to the next level of high volume resin production to meet the demands of global retailers and fast food companies as well as other opportunities, the Directors believe it will be necessary to invest in plant and machinery to manufacture resin, which is then supplied to joint venture partners in the US, for use in their manufacturing plants. The Directors have identified suitable joint venture partners and are in advanced negotiations with a number of interested parties."

The LOIs have served their purpose BUT, as Oblo states, could be null and void, if so, IMO it is due to the SPhere/Biotec fiasco! The above extract certainly indicates that SEO will manufacture the resin and supply to the JV partners. I would certainly like some assurance that the JV partners intend to purchase SEO's resin.

Nothing from/about ADSA on TV here - but I am in the former USSR! All the news here is about Georgia and trade reprisals. Bugger, going to a Georgian food restaurant tomorrow - if it is still open! And going to eat at OBLOMOV again later in the week!!!

I believe certain SEO products/technology will be on the shelves from 1st November. I am unclear (from here) what producls and if it is Asda or Wall*Mart shelves. We shall know in a fortnight - possibly a week.

Good penny's worth Garyble.

But if the LOI's were worthy of an RNS surely their demise should be treated with similar formality - not Sylvia's usual (these days) stonewall approach to Shareholder/Investors quite valid enquiries.