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, Resolution passed without amendment, and seemingly no comment either.....yet!
kim

Result just in re the EGM and as expected resolution passed. Now just waiting for the substance postings from those who attended.

I have to say that I will be surprised if we get any substantial news at this point, the Prospectus laid out why SEO needed the money and I feel that we will more likely get meaty news AFTER the micro manufacturing plants have been put into production. I hope that I will be surprised.
kim

a bit of an anti climax!
hope they do have something to say soon, otherwise might see the sp falling

The RNS is as expected. All they released was the result of the vote, which was the reason for conviening the EGM. Any other news will need a seperate RNS as the vote result had to be released asap after the vote result was known.

let's hope to get some feedback today from the guys who went to egm

Just got back from the EGM. Here is a quick brain dump

Nothing to really write home about.

The Board got a mild mugging - but got off relatively lightly in my view with a bit of skilful chairmanship.

All resolutions passed qith 99.9% acceptances in pretty well all cases.

What I gleaned form speaking with individuals.

- Elizabeth Filkin does not seem to know what was going on - when asked why they dont appoint a main board director to handle sales and marketing she responded that that was what Martin Wagner as SEO did - and that they did not need one - a point on which we disagreed.
When I asked martin the same question he told me that they had interviewed and were hoping to appoint in next couple of weeks - good news in my books.

On Stanelco's products being on the shelves in Walmart by 1st November - martin confessed that they were close - but reality means probably January ot February.

There was confirmation that deals wer on the table - but were subject to the company obtaining the cash - which it now has - and some final negotiations. He was talking weeks though not months - but would not committ.

The Board were much more tight lipped at this meeting.

Ian Balchin confirmed that orders at Biotec were very pleasing and that they would soon run out of capacity at existing plant. Many others interested.

Martin Wagner seemed very confident that SEO will be an entirely different and profit making company by the end of 2007. Having said that Martin is an extremely difficult person to read.

My guess is that there will not be an RNS re orders for another 3 or 4 weeks. Martin has definitely taken the attitudr that he will only issue an RNS when there is something to shout about. (Sods law says that they will issue one tomorrow)

The research facility in Wales has defintely been canned - the impression being that there were better opportunities elsewhere.

Tony (he who is relaxed) and oilywag gave a good account of themselves and will provide a fuller and more indepth report I am sure later.

I left the meeting feeling rather more unsettled than I went in - but on reflection I really do beleive that this management team ( with exception of elizabeth) seem to understand the real issues and are at last getting to grips with them. There was more of a feeling of focus on key products rather than the scatter gun approach of previous boards.

All for now

Thanks for that Baza. Nice to know those who went are as much in the dark as us stay at homes!!!!
Alan

There was a question about the filters - but the chairman batted it back and basically said it was going through the process - which means that there is no priority being given to it and unlikely to have any significant effect this year (or next?).

Afternoon All

Before I get down penning my thoughts on this morning's EGM. a very quick thumbnail sketch.

I shall not be buying any more shares in SEO until hard and fast news is released - nor will I be selling.

The board got a pretty good roasting during the official meeting and during the informal discussions afterwards.

The LOIs were dependent on the fundraising but there is still more work to be done on negotiations with legal teams in the UK, US and Germany working on the detail. Negotiations were stopped in October as everything was dependent on the outcome of the EGM etc. There are issues to be clarified with SPhere but we were told that they want to earn revenue from Starpol as much as Biotec and Stanelco do.

Still no hard news on Greenseal nor approval from the FDA for Starpol 3000 although I understood that it is being tested in the US pending approval.

Before the meeting I prepared a list of around 40 questions and managed to ask about 10. MW and Clive Warner were left in no doubt about the frustration and anger of PI over the way the company has been run during the past two years.

Oh, btw guess who was not at the meeting? HW!! Philip Lovegrove, the Chairman said that he was at a meeting at Heathrow with people during a stopover on their way back to the US.

The oily one

More to follow from me and the others later.

BH

Thanks for that update, very much appreciated - carry on living in hope !!!!!

Dave

bhunt1910

You have a PM.

The oily one

Oily - noted and updated

Sorry ! should have read "we carry on living in hope" !!!!

Nyleve, there is a village named Hope not too far from where I live, maybe I should move there! Thanks B & O for the info, it is much as I thought it would be at this stage and it actually gives me a bit more confidence that we are at last moving towards a company that can deliver.
kim

Kim -There is a village near me called Pratts Bottom, near Biggin Hill, but think I will stay where I am !!!!

You are very wise Nyleve!
kim

Kim - only time will tell if I am wise, been a bit in doubt over the last few months lol

Dave

I have just received an e-mail from my daughter with this message:-

Royal Mail postal scam!

Can you circulate this around especially as Xmas is fast approaching - it has been confirmed by Royal Mail.

The Trading Standards Office are making people aware of the following scam :

A card is posted through your door from a company called PDS (Parcel
Delivery Service) suggesting that they were unable to deliver a parcel and
that you need to contact them on 0906 6611911 (a premium rate number).

DO NOT call this number, as this is a mail scam originating from Belize.

If you call the number and you start to hear a recorded message you will already
have been billed 15 for the phone call.
If you do receive a card with these details,
then please contact Royal Mail Fraud on 02072396655 or ICSTIS
(the premium rate service regulator) at www.icstis.org.uk > or your local trading standards office.
This is a genuine scam and is under investigation by ICSTIS.

So, if any of you did not receive your SEO Prospectus, that WON'T be it! (Did my daughter have to remind me that Christmas is coming?!)
kim

Nice scam! Thanks for the warning Kim.