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 there is still much more work to be done to overcome the wrangle with Biotec/SPhere in order to progress and hence the delay in any significant news.

I see the restructuring as a significant benefit in terms of:
1) Cash burn
2) Indication of focus
3) Commitment to the task at hand

All has been steps in the right direction, with no promises of "jam tomorrow"!

Hopefully it is a leaner and meaner SEO we now have.

My paper loss is in excess of 100k so no point in bailing, plus I still believe in the product and hope this new regime will soon come through with the goods.

I'm also hoping for an update early Jan, as the new year-end is 31st December. I would guess that the T/O for the extended year would be in the region of 8m {2.6 for first half}.

Oblomov,
You have nothing to fear. I am well past my best (I'm 57) but I did box an exhibition bout at East Park in Hull last year.
The biggest cheer was for me when they announced my age. It was a sympathy cheer. Most probably thought,silly old buffer, but my training still keeps me fit.

Back to SEO, I have the same doubts as you and Alan.
I will stick with them till the bitter end as often said, I bought SEO on a make me rich or loose what I can afford regarding SEO.
I knew it was a massive gamble share and still think it will pay off, but as said patience wearing thin and I an becoming more and more negative every day.

I am fortunate. My paper loss is very small, due to huge amounts of blind luck, so I still see a profit emerging. I am not in the pile of posters who are in a position of having lost so much, they really have no choice but to ride it out.
My position is a bit more perplexing. I am losing, but only a small amount on a large stake.
Do I do as logic tells me and get out at a loss, or do I stay for the profits that all my research tells me should only be just around the corner?
The world has turned out to be full of corners and as yet entirely innocent of any profits.
The decision is.................no decision. I shall mull it with my wine over the festive period.

I hear the lack of entheusiasm here today but am not quite so quick to reach judgement. I say "quick" but this is a word not really in SEO's vocabulary!

Within a month (OK, and a week) they have secured all the money they set themselves - presumably they had a good idea of how much and for how long they needed this. At the same time the "owner" and his henchman have been ousted, followed by more of the ineffective old guard and setups.

As those who listened at the EGM (before the coup had been announced or implemented) know, they have done all they said they would - so far. The promised Sales Director has been appointed. I have not found too much about him but he has held a fairly high profile in past positions in commercial areas not dissimilar to what I perceive to be required here.

It was NOT said that news would be immediate and no time was put on when to expect it or what products will make it. Indeed news other arrangements/products of which we know nothing (or little) about could even. When asked "by Xmas?" "by Year end?" "by Easter?" MW would not be drawn but expressed his expectation of possibly and, more appropriately, that SEO will be a very different company within 12 months.

The detractors will shout "usual spin" but they do not seem to realise there is a totally new team running the streamlined show now and under the watchfull professional eyes of Schroeders. These are no fools and will put up with no nonsence coming from their investments. Having increased their holding recently can only be read as a good thing. They would only be "averaging up" if they thought it beneficial for themselves, their Fund holders and their own reputation.

If commercialisation is on, or over, the cusp then there is not the need for the development facilities and staff. This fits in with recent announcements.

Last week I met again with 3 other posters here and, although frustrated and despite my 300k downside on this one, I remain encouraged with the way things have evolved at the top over recent months. The other guys may not share this view, but when we next meet up again shortly we shall be able to compare the results of our further investigations and researches and hopefully know more.

There should also be a 'pre-close' statement in just over two weeks which should reveal more of what is going on.

ERX = Bluehorseshoe

Tony,

My problem regarding SEO is I believe with my heart that they will come good, but not with my head.
As we all know, it's the head that should be listened to when share dealing.
Nice to see both sides of the augment well put.

Tony,

an encouraging post in parts.

I think what you, and also Eric, are saying is that because of a change of 'regime' we should draw a line and disregard what has been said before the change.

You also say 'It was NOT said that news would be immediate and no time was put on when to expect it or what products will make it', which suggests that, having drawn a line, your expectations will now only be based on statements from the new regime.

The problem that I have with that is that the 'new regime' (which is not completely new, of course) have said nothing whatsoever and so if I disregard all that was said by the 'old regime' I am left with nothing.

Are we to disregard Greenseal, Starpol, Wrap 100 and all that was promised in the past?

I'm sure Schroeders will keep a watchful eye, but the 'new team' are untried and tested. So far their lack of ability to calm investors and explain why the announcements in relation to almost signed deals, FDA approval and Greenseal rollout have not materialised does not auger well, in my opinion.

I am not impressed so far and one thing that does not appear to have changed is the policy to treat investors like mushrooms.

Tonyr, good post and spot on.

One thing for sure is that if Schroders didn't like Wagner or what he was doing he would also have had is walking boots on. I also think there are now too few people left at SEO to have time to waste answering investors Qs. I hope their attitude is now that we will let the deals do the talking!

Does anyone know precisely who at Schroders has been involved and which funds?

i think it was established last year that no suppliers would install any machines around the xmas period as there was no way they could stop a line at this busy period, so expect nothing on suppliers installing machines until january.

The new regime is completely new. ALL executive directors pre-MW have gone.

The old team failed to deliver anything other than hype. That could not carry on for ever.

The new team, since the appointment of MW just over a year ago, has addressed this. Hopeful RNSs ceased - new Directors recruited - much has been done realigning the structure and personnel - the products presented to Institutions who stumped up the cash in very short time.

I see this as quite a positive "line" drawn on the old regeime - to allow a different way of exploiting the IP and products. Sure the new team is untried, but we mustd allow them to try for a period of time. 5 weeks from the EGM and is neither enough nor what I was expecting.

Greekman,

3 months ago i was sparring with a former ABA Champion aged 45, and am 62 and i have had only 1 amateur bout and that was 40 years ago.

Oily,
The company that is local to my new home is not the one I thought it was!! (Just thought I'd clear that one up).
Tony,
I appreciate your knowledge on SEO, which is far greater than mine, but my niggling thought is that while my imaginary friend was telling me that Asda were really turned on by Starpol more than GS and Asda themselves were announcing "green bin friendly" packaging accross their range by March 2007, I was also being told to specifically watch for mushrooms (of the fungus variety - not the Oblo variety) in store, as the first commercial Starpol.
Now, wander into any Asda and buy mushrooms. They are in a plastic box, wrapped, by hand, in a kind of cling film.
So here is the poser. Asda apparantly want it, they want to use it on their mushrooms to start with and their appears to be no requirement for re-tooling or new machines. Just different materials. So why are we still waiting??
Is it part of a bigger deal, so it cannot happen till all parts of the deal are negotiated, and this depends on lots of other factors? Or is it simply that there are production problems or a lack of agreement / falling out?
I don't expect any GS announcements, but I am puzzled as to why a "super-product" with a willing buyer is still sat unsold.
Alan

If Audley can come back there is hope for SEO.

Tony - 'The new regime is completely new.'

No it isn't -

Martin Wagner has been CEO for over a year, as you yourself say above!

Rober Duggan is still company secretary.

Sylvia Leavey, still in charge of Investor Relations.

And I belive Jonathan Brill is still in charge of 'Financial Dynamics', but I could be wrong on that one.

Martin Wagner is part of the 'old regime' and he should have updated investors on the following two RNS's in my opinion:-

Martin Wagner said in RNS 26 May 2006

"On another matter, I am pleased to update the position on Greenseal communicated by our chairman at our recent AGM. We are continuing to make significant strides with our Multivac conversions with trials into both a salad and meat supplier to Asda going well. The Proseal AP60 currently being converted for Hitchin Foods is consistently performing in our factory in Southampton having run for 8 hours continuously for several days without any issues."

RNS 8 September 2006 - put out when Martin Wagner was ceo

Trading update Further to the trading update on 17 August 2006, the Company is continuing to negotiate with the two parties with which it signed letters of intent to compound Starpol resin for the US market, and contracts are in the process of being finalised.

The new regime is completely new. ALL executive directors pre-MW have gone.

Duggan and Leavey are not Directors. Brill is part of an outside firm, not SEO. None of these positions are policy forming.

I think my statement stands.

Sorry, off out so can't continue this for now.
:-))

hewittalan6
Welcome Back.

Re;mushrooms: Mabey a 'friendly' visit to the supplier would be in order.
[If UK based]

Tony,

I think they are part of the team and 'old regime' - directors or not.

MW is certainly not new and he is the CEO!

So the frustration is mounting and we're descending into semantics again.

IMO one year in the life of a CEO is short, especially if the old guard {now gone} dictated the pace! Now the road is clear to show what he can really do.

New team/old team............

Far too early to know what is about to happen, especially as SEO has to put the 14.4m to some good use!

dump this get in ERX

Potatohead,
Please stop ramping other shares on the SEO thread.