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

Whilst waiting for something to happen.....

There was a mention a while ago about a 5m euro promisory note. can anyone shed any light on the origin and implication?

Eric, Since signing up on this forum, I have read with interest the posts from you and other members of the board,and indeed have contacted certain members to discuss aspects of this investment/trade/deal whatever you may want to call it.This bb is civilised whatever point of view one may hold and that is good.
I personally have held this share and followed SEO through thick and thin since 2001 when i first realised the potential this technology may have in(then) the future.I think(said tongue in cheek,for it is many years now)I made some profit along the way,but, I was caught short when incorrectly I presumed the share was on its way to the high beliefs I was expecting @ 20p 17p 14p and was stuck!! and in answer to your question I have averaged down to a realistic level which is still really not low enough,should one average down again!!? I still believe and trust my investment/gamble will show me a profit at the end of the day(which day?)
I sincerely hope all the long term holders on this board will look back on this experience with pleasure and relief.
Good luck to all,Cheers.
PS. Where has A.Hewitt gone? moved house or moved share?
PPS.Tony, Cheers.

Alan Hewitt is currently on tour with his team playing cricket for England. They were engaged as part of a cost cutting exercise and their names changed. I believe Alan is now known as Matthew Hoggard - the real team have have been killed and the proceeds from their life insurance will further boost the coffers of the ECB. All part of a major plan to win back the Ashes by around 2025.

eric - I trade qith Barclays SB and they use the Plus market 'cos its cheaper.

Nice to see you back by the way

Not new news but the pressure continues to build.

Tax on packaging proposal slammed by industry body
By George Reynolds

29/11/2006 - An influential industry body has hit back at a call by environmental and consumer advocacy groups to put a tax on disposable and 'hard-to-recycle' packaging.

The Industry Council for Packaging and the Environment (Incpen), whose members include Tetra Pak, Coca Cola and Cadbury's, said research produced in favour of the tax was faulty and ignores major issues involved in packaging products.

http://www.foodproductiondaily.com/news/ng.asp?n=72411&m=1FPDN29&c=gcjasaplopxltou

boldtrader - Mr Market does not play "average". Averaging down is meaningless in reality. What price you bought at in the past has no relevance to your question today - should I invest any of my spare cash in this company here, now, based on its prospects from this moment forth.

The fact that your average break even looks lower is an illusion. You still lose the same amount on your earlier purchases and still gain the same on the new purchases quite independent of each other. Albeit, emotionally it feels nice.

So you should view averaging down as a result of an investment decision, not as a parameter of such investment decision.

The only +ve about your earlier investments is that you are now likely to know the company very well and can therefore make a better decision. Ask yourself, would you advise your mother (?) to invest a portion of her pension pot in SEO today, never having beein in SEO before?

Personally, I think SEO has a better than average chance of doing very well from here - a 10 bagger puts the SP back at only 12.5p. Upside to downside is probably a fair ratio of 5:1, so why not? Although it's a better tactic to wait until the new management/shareholder combine gives clear indication of direction or at least one concrete element of success before investing, even though you may lose the first 100%(!) rise. Investing now is more like horse-racing. The form is good, it's exhilarating, but is it investment?

IMHO WDIK

Gary - 22710

5,168,000 "Promisory Notes are the amounts due from BioTec Holdings GBMH to the 50% per cent shareholder, SPhere". So says the note at bottom of page 40 of Annual report and Accounts issued in Feb 06.
A stage payment to EKI was made in June 06. The Prospectus says a final 1.6 is due June 06. This amount is about half the 5m Euro you mention.
?

Thanks Tony,

I scanned the prospectus again last night, and noticed it on Page 202 {I think} in the section entitled "Indebtedness" I believe a total of 11.1m was owed as at 31 oct. 2006.

Just curious as to how SEO can owe any amount to Biotec/Sphere, as apart from the cash deposit, all other funds were covered by share issues. Biotec did have a debt of ~$11m so I can only assume this could have been transferred.

Also in the Prospectus, pages 32/3, something I had missed before.
"...August 2006 the Company received 3 loans from private investors. Two of these loans were for 0.1m each with interest payable at 10% per annum for the term of the loans. The third loan was for 0.5m and was subject to a 5% arrangement fee and interest of 15% per annum for the term of the loan. All three loans are repayable on demand and no later than 30 November 2006, together with interest and fees."

Hands up, which of you was it?

It was HW!!!!!

The following was also of interest:

1) The Cardinal/Ingel "standstill" {I think} agreement has a deadline of 6th Dec. 2006, whereby they can pull out at no financial penalty and obligation if certain performance criteria are not met.

2) SEO are leasing a further two units in the Southampton industrial park, can't remmeber the square meterage but vaguely think its gives them about three times the existing. for a total annual lease of ~230k.

LOL - perhaps. The Interest/fees were good for a short term lender - especially as they were repayable in full before (OK, just before) the cash would have run out.

Regarding 2) MW told me after the EGM that the two new units (detailed on Prospectus page 201) are still nearing completion (ie. outgoings) and had been intened to be for retrofitting sealing machines but they are currently looking to sublet them.

Correct Tony I also was led to believe they would not be occupying these units,also Wales is not going ahead for those who don't allready know.

Do SEO put its brain into gear after its spent the money? leasing 2 new units to put retrofitting M/Cs at a cost of 230k lease, but now they are going to TRY and sublet them, what if they can't sublet? how long are the leases for? i shouldn't really worry about how long lease is for, IMO SEO won"t be here in 6 months without orders

soon to hit .0050p

look on ii ??????????????

It has been posted on another site that Ferndale Foods are just about to change their supplier of packaging. This was posted my someone who states they are a supplier of products to Ferndale.
I always look at these as total rumor and have never continued a copy post as I don't see any point in spreading a possible rumor, BUT I have done some digging and you never know.
On 30th August 2005, Ferndale Foods completed a 2.2m extension at its factory in Erith, Kent, to meet demand for its pre-packed, ready cooked meals.
At this time I believe ASDA were their main customer.

On 13th September 2005, only 2 weeks later Asda decided to switch to Northern Foods as its primary ready made meal supplier, which according to the press left Ferndale Foods fuming in the sidelines.

Ferndale submitted a complaint to the UK's Office of Fair Trading (OFT) claiming that the supermarket chain had not given the company enough warning and that the decision represents an abuse of market power. ( I have no idea what happened re this complaint).

The Asda decision also indicates what can happen when a food processor is not able to keep up with the market in the eyes of its clients. Asda says it is making the switch because it wants to re-launch its ready meals range this autumn with new recipes and new packaging.

So due to my records as above, I thought it worth posting on here.
It would make sense if Ferndale were dealing with SEO to recover the lost contract with ASDA. Ferndale would not in my opinion just sit back after extending their premises presumably to facilitate continuing dealings as ASDA supplier.

IF the contract with Northern foods was for 12 months it would have just ended, and no doubt up for negotiation.

As said, I can not substantiate the info re Ferndale and their proposed new packaging supplier, (it may be totally wrong or with a different supplier to SEO).

Interesting, if nothing else.

oooooooooooohhhhhhh more jam tomorrow.
I guess a lot of punters are off to other pastures with a quick profit.
It's long term or bust now.
It's GRIMM UP NORTH.

yes that one has been tried already, let me see, its been Macdonalds. takeover, cocacola and now as these have not worked to pump the price up you are trying a new rmour..

yes well we know where this is heading, schroders are dumping.. its been obvoius

.0050p soon!!!!

Potatohead,
I am not trying a new rumor.
I just thought it worth mentioning due to the previous tie up between ASDA and FERNDALE.
I do believe there will be a contract relatively soon, if I didn't I would have sold.
If/When such contract comes, I doubt it will be announced prior to some sort of news leak. With companies the size of the possible contenders, Asda/Walmart etc, it's very difficult to keep everything under wraps.
I am not ramping this share, just looking for any little snippet of info trying to detect any sort of clue where we are heading.

GM - Ignore PH. 'Pot calling the kettle black' springs to mind (see ERX thread).
'News tomorrow' is his warcry!