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

No I can accept your point, Oblo.
That would be a valid argument. It would still remain though, that SEO were skinning the same cat, just differently. I cannot see though how even the most incompetent management in the world (and SEO are on the list of nominees) could decide to blow half of its cash on building plants that no-one else wants, to produce a product nobody is yet buying!! I can imagine those who put up the 12 million going for that.
It would make more sense if the argument about LOI being dead if we said that they were dead to avoid the SPhere problem and SEO had found a watertihgt way of doing the same thing, by SEO financing the plant. As I do not know what the LOI said, or the exact details of the problem between SPhere and SEO, I am guessing as much as anyone, but I still think the LOI are alive and well really.
Alan

Garyble - I think that is my point.

If they sell now and short it - they can buy back at 0.8p through the rights issue and make a guaranteed 50% profit.

If they sell (short) now and the rights issue fails - they would be able to buy on the open market at less than 0.8p as the sp collapsed making (say) 100% profit.

BUT - they all seem to be holding - so they must know something and therefore be expecting the sp to rise above 1.2p thus making more than 50%.

Does that make sense?

Alan,

Good find re the ASDA compost own waste issue. This will show other supermarkets that ASDA look like leading the way in an attempt for zero waste.
The race is hotting up. As the article is in the public domain, I will post it on a competitors site. Giving credit to the initial poster obviously.

I can see a compost problem in the making - too much of he stuff! LOL

tony you can NEVER have TOO much of COMPOST ?? it like money you cannot have too much?OR HAVE YOU THAT WHY YOU,VE LENT SOME TO POOR OL, SEO/

BH1910,

Of the three options you've presented there's only the one that is indicative on an insti having a positive perspective and that is to Hold and plough new money into their offer.

The only other option would be to short it with the belief that it is doomed to failure.

I think we are violently agreeing??/

Can someone please confirm to me if the SEO directors are taking up their full entitlements or have made any additional investment since the open offer was announced? I might be inclined to follow them
Worried

Worrier
The only two directors who held shares (as opposed to options or in a family trust) have declares maximum take-up according to the Prospectus. They are Lovegrove and ANR (no paperwork here to supplement my my poor memory). I think it totalled about 0.6% of the Issued Capital.
No big deal.

Thanks Tony, No record of Ian Balchin as far as anyone aware?

Worrier ,with what they hopefully know that would be insider trading so in my opinion it would be unlikely that any directors would have bought recently ,also I have seen no reports of any selling.

That would make sense MP. I asked the question about directors and why they weren't buying a month ago when the price was at a "bargain" 4p or so.....they would have known then what was being touted around for the placing and at what price. Should have followed my instincts then, sold and repurchased

Worried

The ANOther may well have been Balchin. I just cannot remember and am currently about 4,000 miles from my papers and don''t propose returning home to look itup as I have a dinner date at Oblobov (!) tomorrow evening.
It is in the Prospectus - traceable through SEO website (again I don't intend looking it up as it is well past midnight here and I am about to crash out ;-))

I agree with MadPad - no directors dealings reported for months - possibly years.
There is just a chance that director(s) are among those who agreed to take up shares in the original 'firm' placing. Not reportable as yet as not completed - that will be after the EGM on Monday week. I'll be home for that firework party!!.

Anyone going to the EGM ?Maybe a little light lunch and de-brief after?Tony you must know a good watering hole nearby,please suggest a venue.Names please on a postcard,bring your own rotten tomatoes(compostable only please) and pertinant questions!

I'll get the motorbike out and have a look round next week for a suitable place.

No doubt there wll be a large contingent going. I suggest a list is prepared in advance and approximate numbers from this BB be forwarded to them so there will be enough chairs.

To save BHunt the task this time I'll do it. But perhaps he might print name labels as that is way beyond my quill pen. Name labels help us identify each other afterwards.

Names please if you expect to attend...

Tony,

приятного аппетита в прекрасном ресторане, названном в моей чести и помнит меня официанту Захару!

Tony - I plan to attend - yes will do labels for us & yes it was Balchin

Baza, I will not be able to make it........please find out whether I owe Oblo a pint, or vice versa ;-)
Alan

Alan - will do

Needless to say that I will be attending.

And am happy to collect and co-ordinate the questions to put to the board.

Make them as blunt as you like.

The oily one