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

I suspect Schroders work in terms of millions of quid rather than a few bob! They are also reasonably patient provided that they have some control over events, which we do not have.

EWRobson
you know what i mean?

have a good weekend all.
klick on white bit in middle and watch, gets better as it goes on.



http://www.dailymotion.com/swf/1JwtmHDE933261Tnb

A bit like the 'black holes' seo's deals seem to disappear into!.

News just in



8th December 2006

Stanelco plc (the Company)

Personnel Update

Stanelco is pleased to announce that Dave Wetters has joined the Companys management board as Sales Director. Dave is an acknowledged expert in the sale of technical machinery and compounding resins. He has 25 years experience working in the industry, including 10 years as regional Sales Manager for APV, the leading polymer processing company. Of particular relevance to Stanelco is his considerable experience in working across global markets which will prove valuable as the Company takes its expertise into new market places across the world.

Other recent changes to the management team include the departure of Bruce Drew, who was Managing Director of the Aquasol division, and Graham Whitchurch, Managing Director of Adept Polymers. The management board will assume responsibility for these divisions.

In addition, as part of a continual review of Stanelcos cost base, the management has recently undertaken a number of measures to reduce its cost base and increase efficiency within the Company, including:

A continued reduction in headcount at the Companys Southampton Head Office. A consultation exercise is currently taking place at the Companys head office in Southampton over a number of administrative and technical staff;
The US office function has been realigned and Dave Wetters will now lead our US initiative from the UK head office. He will be supported by the Companys on the ground consultants who have performed well over the last 12 months. These changes will ensure consistency and accuracy in all communications across the US, with the intention of building on excellent relationships we have developed there. As a result, the Companys US office has been closed.
A strategic review has been implemented at the Adept Polymer operations and in particular the PVOH manufacturing business. This review is ongoing.
The Directors believe that all these initiatives will help Stanelco to deliver on its exciting potential for the benefit of all its shareholders.

- Ends -

For further information please contact:

Martin Wagner, Chief Executive, Stanelco plc
Clive Warner, Finance Director, Stanelco plc
Tel: +44 (0) 2380 867 100

Jonathon Brill/Caroline Stewart,
Financial Dynamics
Tel: +44 (0) 20 7831 3113

New sales director appointed see stanelco website under current news

well I was not far out re the appointment of a sales director

It would not surprise me now to see a contract or two announced in the next couple of weeks. This is the sort of time frame that MW indicated it would take to get negotiations completed - ie 5 - 6 weeks after approval of funding.

I am beginning to think that Martin and the finance chap have got the balls for this job. Clearing out is not an easy job to do - but it does get rid of all those supporters of Howard White and Ian Balchin and draws a line under the "old regime".

Expect to see things starting to come together now. slowly but assuredly - dont expect miracles overnight

'the Companys US office has been closed'

'The Directors believe that all these initiatives will help Stanelco to deliver on its exciting potential for the benefit of all its shareholders'

How exactly will closing the US office help it 'deliver on its exciting potential'?

'Dave Wetters will now lead our US initiative from the UK head office'

How can that be better that leading the US initiative fom a US office?

If there was much going on in the US, you would think there would need to be a permanant presence of some sort. With 14m in the bank, a small office presence would hardly break the bank.

The words 'going' and 'backwards' spring to mind.

I like the idea of a sales director, though, even if it is long overdue. Lets hope he has something to direct!

.......benefit the shareholders.
LOL or else I'd cry.

Now, my view is that the products themselves are good and that the problem in negotiating deals has been on SEO's side (its the one thing in common with all the prospective clients). Problems: the guys themselves (now gone); lack of confidence in company stability (now there with Schroders backing); the contracts proposed (now under review). So, given that this has been a new start, I suggest that we also forget about the past and give the new scenario a chance to emerge.

Pint pot half empty or half full= negative or positive, You lot have been following SEO nearly as long as me,I think some here have a death wish,the amount of negative vibe that comes out of my computer screen!
You're in, probably most contributors on this board are at this present time down,either jump or stay,Jump and regret, stay and you may regret,but stop whinging.This thread is civilised and I take great research from many of the more knowledgeable posters with thanks, but its no use crying.
I do believe we will succeed but like all great new invention things do not always go as planned, it's going to take alittle longer but we are now heading the right way.Good luck to all. My pint pot is half full!! Cheers.

Current support level at under 2p a share speaks for itself, no RNS required. Even on the off chance of good news most investors will read BBs like this and take the news as a pince of salt based on the firm evidence we'd been consistantly lied to Hence changes in the board. I still doubt its enough though! I wonder if a shareholder petition for a realistic update would get us any further to knowing whats really going on. We could always threaten and carry through a voting off of the board members proven to have lied!! Add up the holding of posters here and we could well have a good percentage.

Agree boldtrader but not explosive. Latter is fighting yesterday's battles: culprits have gone and we are under a 'new' regime. Give them an opportunity to exploit the technology, I say. Cheers, from a half-full glass of Rioja!

I agree, New Regime, New Broom. We have been calling for the cutting of dead wood, now we have got it.
I don't see a problem re the USA office closure.
In todays world the office is global. Initially I could see the benefit of a hands on, local control, but as I hope the spade work has been completed, why do we need a team that presumably are no longer needed to do the initial job.
The bit that states...."The US office function has been realigned and Dave Wetters will now lead our US initiative from the UK head office. He will be supported by the Companys on the ground consultants who have performed well over the last 12 months" to my way of thinking is fine. They still have a team of consultants out there. Just because they are not in an office surely is no cause for alarm.

Well my three glasses are fully empty.
But I think this is definitely a step forward.

So, all we need is a 10 bagger to break even for most.

Happy with a half-full 10 bagger, i.e. a 5-bagger! Equivalent to 18p on the former share issue.

greekman and all - Absolutely right. We are now a global village. I was once part of a "virtual" company funded by venture capital. We had no assets, everything was rented and we met up fortnightly in an office in the UK, even though 4 out of the 7 personnel lived more than 100 miles away. The power of the internet and other comms meant that we got the job done with super efficiency.

You may recall that the US office of SEO was not dissimilar since it was actually run by Stephanie Morgan-Fisher (a PR consultant who runs Morgan-Fisher Inc) and her husband - out of their house. Apart from salaries, I doubt that overheads would have been onerous.

As long as the relevant contacts were established with UK personnel in tow, then I don't see a problem in continuity with the USA.

Onwards and upwards we trust.

Alfa.

The American office was merely a token presence judging by posted reports of phone calls to it. It appeared to be little more than a shared "serviced office" address. All they seem to have done was maintain, for a period, the "newsflow" of information but this came from Stephanie M-F who worked (sic) from home.

Plus, of course, the Orlando 'office' and it's attractions provided a raison d'etre for regular journeys across the atlantic by the (a?) favoured few which would presumably pass Inland Revenue Benefits scrutiny!

I noticed there was no mention of Stephanie M-F in the 'refunding' prospectus wheras details of her contract and Share Options were included in the 'BioTec' Prospectus of last year. Had she already gone as part of the costcutting jobs cuts?

Now the Director/President of Stanelco's US operations (RNS 8 june 05) is no more, and they closed the office within a couple of weeks of his departure, my thoughts are strengthened about the office being little more than a sham or plaything.

But that is now history. Looking forward I am increasingly happier with MW so far. He has appointed an FD with whom he can work well, they have done much in preparing for and raising 14m net, ousting the "virtual owner" and his technical sidekick, and later other Directors/Senior Managers. Now the Sales Director, promised at the EGM a month ago, has been appointed I look forward to positive announcements over the coming months which will be clear, unambiguous and positive proof of progress.

I think it will happen.
(Bloody hope so too...!)