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

Does anyone know how long or under what conditions letters of intent remain valid. I would imagine the companies referred to around Sept. in respect of LOI have had every opportunity to get out of the agreement and I suspect this is what has happened and that Wagner is now trying to pursue new avenues. If the LOIs were still valid SEO would have said so and updated us by now. The fact that they themselves had no material effect on earnings means that failure to convert to contracts would mean an RNS was not necessary.

Any thoughts?????

There has been much discussion here on LOI's in the past. My understanding is that it would depend on the wording as to how long they would remain valid - i.e. they may say 'We intend to pay SEO lots of dosh for a Greenseal machine if they can get one working by the 14th. January' or 'We intend to purchase 20m tonnes of Starpol from SEO if they are in a position to supply it by 31st September'

I would imagine the August LOI's are now dead, possibly due to SEO's failure to deliver what the customer 'intended' to buy, possibly because Sphere scuppered the deals.

Starpol 3000 has NOT been put forward for approval as they have not yet decided on the final make up of the product - hence no news.

The letters of intent may well be in trouble - who knows, the company refuses to talk to anyone.

The timetable of events as I see them could be a share consolidation after the results - which will be awful -then a token contract - then a buyout at a level which hopefully allows the poor private investor to get their money back - but the price in my opinion due to lack of anything really impressive could be as low as 3.5 to 4p.

The only comfort I have is the holdings of the institutions who hopefully have more of an idea of what's going on then any of us - to put it bluntly the private investor means nothing to Stanelco - sadly we are expendable and always will be.

french connection: Your posting was amusingly written, as usual. Welcome back on the TDYK principle (the devil...). Good retrospectie analysis. pinnacle's post is also to the point and we need to put the two together. Yes, SEO management (particularly White and Balchin) were naive beyond redemption - (OTTAOTB) - off their trolleys and on their bikes. Why did they go - because the institutions, led by Schroders saw them as the problemn not the solution. The institutions, party to inside info that the small investor does not have, will have concluded: (a) there is real value at the placing price to the company's technology; (b) the key, people wise, is the appointment of a sales director whilct retaining the CEO and Finance man; (c) the cash raised is adequate to see the company through to positive cash flow; (d) that some of the prospects are real; (e) that the technology, perhaps with appropraite tweaking is a sound basis for company development. They will accept that the company is not going to take off overnight and that the road ahead may be rocky. But they will also have concluded that the opportunities are real. Back to the same old conclusion: patience is a virtue and caution is the watchword.

Sorry Oily - thought you had half a digit missing !!!!

going to get contract with asda and sainsbury , buy,

Well, you go and get contract with asda and sainsbury, bye,

lol.. rhymes with tanker.:-)

TANKER

Whats wrong with M & S as well !!!!!

.

Posts 79109, 79110, 79128, 79127 on the dark side are interesting.

Can someone please confirm that Letters Of Intent were with, Amco Inc and Global Marathon both Wal-Mart suppliers in the USA. And if they are still valid.

deal being done,

TANKER
Please elaborate.

Tanker,

You have made an important comment as Patisear has said please elaborate as much as you are able as there are many of us that would feel much happier if this was to be true.

We look forward to your answer.

On looking up the posts on the other side, you'll see that someone is indicating that SEO also produce or are involved with RFID and imply that Pullsline uses that technology. I do not believe SEO is developing anything RFID-wise, and Pullsline simply uses a multi-layer technolgy:

"Pulsline uses a unique patented multi-layered laminate construction.
Patents granted in UK, Europe, USA.
This unique security seal has a peel back tab, which once removed, is designed to reveal a personalised validation message. This can also include a hologram. If the seal is completely removed from the product/packaging then a visible message appears on the seal and the same message is transfered onto the product. This void style message contains a coating to ensure a sealed non-tacky feel to the residue left on the product."

What the hell is going on with all these sells?

over 30 x 10,000 sells plus a 1.5m sale - does somebody know something?

Pinnacle,
How did you acquire the information that Starpol 3000 has not been put forward for FDA approval yet?
Can you please share that with us?

pinnacle,

We all know something, but some know more then others.

I am afraid it's true - they have not as yet decided on the final formula - hence no news on FDA approval - as it has not been put forward.

I do not know who you are so I cannot divulge - I am sure you understand.