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

so they have their (our!) money - now what?

I hope they have it in a high interest money market account Sellsell; should make enough to pay for the tea & biscuits, plasters and bandages for the EGM!
kim

I'm off to sunnier climes shortly so will miss all the fun over the coming days. I have taken up the open offer despite my doubts in the future of SEO.

Before I go, Alan says 'Further we can now write going bust out of our forecasts'.

Depends on how long range our forecasts are , Alan. The fundraising will only delay going bust unless the management pull their fingers out and start behaving like businessmen.

Might I suggest we form a shareholders group to attempt to monitor their efforts? Must have enough of a shareholding between us to have some clout and access to what goes on over the coming months.

Agree with oblo in that SEO's management have now to deliver and quickly, not several months down the line after several further confusing RNSs. I for one will be disappointed if there is no announcement of deals on Monday and a detailed forward plan for roll out and Starpol / Greenseal volumes. They are in the last chance saloon and quite frankly I think they are lucky to be there. They won't get another chance at fund raising. Hopefully they will bring in a new face or 2 that can get things moving quickly and some one who understands new technology role out. Hopefully it can also happen before some decides they want to take out SEO on the cheap.

it would be good if someone could make the point about the vagueness of a typical seo rns.

I know. A shareholders RNS along the lines of;

A company that may or may not be a packaging company has today, or perhaps in the future as soon as last year been accused of a number of very precisely vague RNS. This is / was / will be in the region af alot of RNS.
We the shareholders (though not neccesarily of SEO) have emotions about this and we may express them at some point in the future. We have recently signed Letters of Intent which will be signed next month to throw unspecified fruit at the board, the quantity of which will be released when we can be arsed.
By the way, spare a few coppers for a cup of tea, Guv.
For more information you can ask whoever you like. We aint gonna tell you.
RNS Ends.

Far too precise - you mention such concret items as emotions, you mentioned fruit and finished with an End - needs to be more vague to qualify as an SEO RNS.

I expect nothing more than:

"With the passing of all items proposed, we have now overcome a major obstacle to SEO's path to commercialise key products, for which there is keen interest by major global players. We can proceed to finalising contracts refered to in the RNS of 9th September, subject to agreement by Biotec and Sphere".

RNS Number:*****
Stanelco PLC
03 November 2006

Stanelco plc ("the Company")


The Company wishes to report that they appreciate the money and will continue to spend it. No further information will be given until it has run out.

Enquiries:

Please do not bother us


02380 867100


This information is provided by RNS
The company news service from the London Stock Exchange
END

garyble

unfortunately I think you are probably nearest the mark.

Then we will suffer another long uncertain wait.

I BOUGHT 87.157 SHARES AT 10.47 IT HAS SHOWN UP AS A SELL

Spot on, Tony, apart from the 'appreciate'! lol

Nice to see a post from Q, in his usual no nonsense style!

Alan,Tony,

I think you should both keep taking the tablets.
But seriously, I agree any further info needs to be precise in it's contents.

Oblo - Enjoy!

How many times do SEO issue amended RNS's.

Stinks of incompetence to me.

If they cant add up - what chance do they have of doing a deal with some of the mighty supermarkets

It really does worry me sometimes

Folks just can't do the maths today ! Presumably, the figures were taken from the registrars and weren't checked in-house.

Whatever, that takes care of those errant 831 shares.

According to page 171 of the Prospectus the new Finance Director became full time from June 2006.

This is the 4th amended RNS from 2nd June 2006.

Each one relates to incorrect figures - OK, one was the wrong year, 2005 instead of 2006, but that is figures too!

The new FD's salary (120K) is 50% up on his predecessor. Bet he got that one right!

If the posts re confidence in SEO management (including mine) are anything to go by,they (the management) will be worth every penny if they can survive the EGM.
I wonder if it is in their job description 'You will stand up and face the wrath of SEO investors'.
Will anyone make history in the annals of finance/investing and return from such a meeting with an ASBO (Anti SEO Behavior Order).
Valium anyone.

Greek - lol

Oily - More ammo now. How you getting on?

SEO's management and company secreatry are a completely F---in' useless bunch of c--ts. If it wasn't so serious it would be laughable. How many incorrect RNSs can be issued before it warrants FSA or stock exchange involvement?

How many times do they need to be told to check, double check and check again before releasing an RNS. Next time they should just release the 1st one in "draft" form then we can all expect a follow up. Incompetence is far too kind a description for them! Much as I disliked Shares Mag attitude to SEO I can see exactly how SEO tempted there shorting strategy!