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

Dump now - pick 'em up later for .8.

My guess is that the MM are as much in the dark as the majority of punters on this board and covering their rear ends.

Just flexing my naivity muscles here.
10 days from now is November 6th. Could the big sells be one of the 12 million investors short selling the stock as he knows he has bought it in 10 days time for 20% less than he can sell it for today. if the finance doesn't get the vote, he could buy it back for nowt cos the company would be bankrupt. No lose situation for him. At worst 20% profit at best 100% profit.
If not one of the 12 million, it could just as easily be any other large holder performing his own bit of hedging. The 10 days thing semms a little co-incidental.
Alan

Alan - exactly what I was saying yesterday - but I had not factored in the 10 thing

Next week will be interesting

Not sure I understand the 10-day point there, Alan.

Trading terms, alfalfa. Anything traded yesterday on T+10 must be settled on November 6th.
Alan

Courtesey of maxk on advfn, rumour of the day at www.timesonline.co.uk 28/10/06 kaupthing placed 85m shares @1p.maybe Shere building stake before 07/11 OR Howard White selling to fund take up of rights. Sounds positive either way. cheers.

That's where my query lay, Alan.

Any T+t trade must be settled t working days after the trade date.

Thus, any trade made yesterday on T+10 must be settled by Friday 10th November.

Hope this helps.

Alfa.

T+5 then...........??????????

Fred1new,

I agree the MM's are probably in the dark as much as we are with whats happening, but I still think they have big orders to fill, or have now filled them.

13% of SEO's current issued stock in two transactions should be RNS'd pretty soon.

I'd guess it likely to be AoR raising the cash to take up the offer....needs to find ~1.04m, plus could aslo be raising a little extra to mop up a few more and have some pocket money left over!

Sorry to harp on, Alan - it would be a T+6, which is not a common settlement term !

Cheers boldtrader

The Times October 28, 2006

Rumour of the day

Stanelco, the developer of biodegradeable materials, fell 0.3p to 1.19p as Kaupthing placed 85 million shares, or an 8.5 per cent stake, at 1p. That trade stoked talk that Sphere, Stanelcos French partner, may be building a stake ahead of the November 6 vote on a 14.4 million refinancing. However, the truth is said to be that Howard White, director, has sold stock to fund the take-up of his rights.

http://www.timesonline.co.uk/article/0,,748-2425692.html

Assuming it was AoR selling 85m to purchase its shares - then potentially there is another 45m of shares about to hit the market (as the balance of its holding)

Current holding is :
Age of Reason Foundation 217,078,122 23.12
Richards & Appleby Ltd 73,371,681 7.82
Barclayshare Nominees Ltd 60,892,255 6.49
Caylon Corp & Inv Bank 59,500,724 5.97
Waterhouse Nominees Ltd 35,969,831 3.83
L R Nominees Ltd 31,507,514 3.36
Mineworkers Pens Scheme & British Coal Staff Superan'tn Sche 31,489,216 3.16
FMR CORP and Fidelity Int Ltd 29,348,700 3.11

217m/5*3 =130m

At the risk of being pedantic, The Times' (sloppy) rumour is exactly the reason why rumours start.

If Stanelco had fallen by 0.3p to 1.19p, that would represent a 22% fall in the mid-price.

It actually fell by 0.03p.

It's a good job the writer doesn't work in my line or they would kill someone !

That aside, even this "fall" is spurious in view of the fact that the market opened at 1.1p and the first hour of trading was carried out at a mid-price of 1.18p.

The end-of-day price could thus be viewed as a rise !

Alfa.

On closer inspection - I see that there was indeed 130m of sells with 85m @ 15.17 and 45m @ 15.26 - so it would appear that AoR have indeed already sold their 130m so as to purchase their allocation.
IMHO

BH1910,

AoR's entitlement is for 130m shares at 0.8p, they don't have to sell 130m to get 130m only the cash equivalent!

garyble - yes you are absolutely right - think I will go back to bed and start again . Does not seem to be a good day for me to make financial decions !!!!

SEO remains a speculative buy on HL's Penny Share Prophet.

sPHERE building a stake...massive rise forecast monday...get in quick or regret