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

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.

Greekman,

Sent you 2 emails.

Aldwickk,

Just read them and replied.
Thanks.Greek

have you ERX this.. T Blair has more evidence against him, police to interview next week..

ERX luck

potatohead ----squelched!Ugh messy.

:-) ERX Hic!!!

Potatohead,

We value all opinions, but they have to have some contribution value.
Yours do not so likewise squelched.

Hi all, I know this is a different product BUT, If these people can get approval for a sugar based biodegragable tray why the hell can't seo on their starch based model?

Toronto, Canada based M2 Formulex Inc. (M2) is pleased to announce the introduction of a one-stop-shop earth-friendly packaging program for prepackaged produce in North America. M2s packaging solution is 100% Biodegradable, 100% Compostable, 100% Food-Safe and made from non-GMO raw materials, making the packaging particularly attractive to Organic Produce Packers.

M2s 100% biodegradable packaging solution complies with all FDA/CFIA requirements and has received the following certifications: 1) ASTM D 6400 (BPI Program), 2) DIN CERTCO (European Standard) and EcoLogo (Environment Canadas Environmental Choice Program). These certifications are awarded to packaging that meets stringent criteria for food safety, functionality and very specific biodegradability and compostability requirements.

Just venting some steam and frustration at SEO. Wishing all followers of seo a merry Christmas and I hope a prosperous new year -------- Please.

Link to above,

http://www.npicenter.com/anm/templates/newsATemp.aspx?articleid=17208&zoneid=9

Oblo, re 22964
Back now, but am the very much the worst for wear after a memorial lunch for a dear departed!

RNS you quote of 29 May 06 is concerning Greenseal
RNS you quote of 8 Sept 06 is concerning Starpol/MMFs

It is not really right, in my view, to put one against the other to find negatives but WTFDIK? They do, however, both emanate from MW in the 'new' era.

MW was appointed CEO, according to an RNS of even date, on 28 Nov 05. Every other executive Director then in office has now gone. Fact! (or name someone from before and after).

I have no knowledge of other people's influence - like Brill, Duggan, Leavey, the tea lady or even the bog cleaner. But they are not, in my opinion, an important part to the policy forming side of SEO - they are only part of the implementation of policies from above and part of the smooth running of a Head Office.

But I do hope the paper is more comfortable than the sample of BioWrap I have nearby looks likely to be - in extremis!

We shall see - in due course.


GBL re 22968
Interesting observation about frustrations. Mine are only about the wavering short term views of committed 'long term' investors.

It's been a long afternoon. Night all.

TP

Tony,
I,as you know, am a long term investor. I take the long term view and I am comfortable with SEO in that respect, other than being forced into a short term view!!
The cash raised was for specific reasons and immediate cashflow. It is too early to try and remember how much was for what, but as an early morning guesstimate, I would say that without selling the product, 12 months hence they would need more cash again, and they would be unlikely to get it. Therefore my view must be no more than 12 months. It would be foolhardy to invest based on what I hope to see in 5 years (as I originally did) if it all ends in tears in 1 year.
Wavering? Yes, my confidence most certainly is, but I still feel SEO is a winner, on balance. A few weeks without apparent positive movement to commercialisation is no big deal in a 5 year plan, but it is a real worry in a 12 month last chance saloon.
Anyway, I'm in for a while yet.
Alan

Tony,

we'll have to agree to disagree, but I hope you're right. I see the whole 'new regime/old regime' issue as an attempt to repackage the same product and keep the chattering classes quite. I am in a very pessimistic phase after a very long time of being optimistic. I guess my patience has worn thin, once bitten twice shy, etc.

Hope your hangover is kinder to you than mine was last Saturday - phew, epic!

Alan,

I agree completely and said much the same back at the time of the open offer.

The clock is ticking - SEO dont have forever. For example, see balernoy's post above.

Welcome back alan.
Glad to see your house more and internet reconnection went as swimmingly as mine.
Off to sunnier cliomes for xmas.
Still keeping the faith.
Will check in weeky ish unless I have anything relevant to add.
Still believe a large order will be inputted before new year.
Can't get any further with this as burnt bridges getting it last time.
all the best
merry xmas and a better new year to you all.