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

Do you mean it should go down to-morrow? 8-)

Just popped in good evening all..

Managed to make some funds available to top up again but waiting to see whether can hold current price and keep moving on, still suspect lift-off not until cc put to bed. Don't mind one more fall for me to top up. What odds cos I don't mind one more fall now the future looks increasingly better there won't be one!!!

its down . i guess four in a row was a bit optomistic. hello dave. same here andy

Has anybody any idea on the size of potential damages and even when this cc is going to be concluded?

Biscuit - the court case IS concluded and Stanelco lost. What is left is to assess damages and costs.

The following is from yesterday's trading update from Bioprogress. Read it as you will but be aware it is the view of the opposition so far as Stanelco is concerned. Early 2005 would seem to be the time of hearing to assess damages.

Stanelco Fibre Optics Limited litigation

Costs were awarded to BioProgress following the successful outcome of the
Stanelco litigation and 181,000 interim costs have now been received from
Stanelco. The insurance cover secured by BioProgress will also underwrite other
elements of the costs, damages are yet to be assessed. The remaining costs and
any damages will now not be received until after the final hearing which will
now be after the end of the current financial year. Further substantial
exceptional legal and professional costs relating to the case have continued in
the second half of the year and no provision or accrual in the accounts is
allowable as the courts award of costs and damages are yet to be quantified so
will not make any contribution in the current year.

As you can see, SEO have paid 181k which is one-third of the interim award of costs (not damages - those are separate). Based on that, SEO may have another 362k in costs to pay depending on the hearing. The damages claim from BPRG will probably run into 7 figures (easily IMHO) as I imagine BPRG will cite the loss of opportunity to develop the technology given that SEO struck a deal with Cardinal based on IP it obtained from BPRG through breach of confidence (according to the Court judgement). The amount is all conjecture and has been done to death on the bulletin boards. Best to wait for the hearing.

i agree bones that the size of damages claim is all conjecture , so i dont understand how you can say

"The damages claim from BPRG will probably run into 7 figures (easily IMHO)"

also i dont see how bprg can cite the loss of opportunity to develope the technology when they couldnt make the technology work in the first place . seo did that........

Thanks for that Bones. I hold but will not increase holding until final hearing. SEO does not have any debt and I beleive with the new technology they now have and its huge potential, I think they should be able to raise more funds to pay damages if they are larger than expected.

That is misleading bosley. BPRG had the idea and asked three companies to look at ways of effecting sealing methods. SEO were one as they had RF expertise.

It was BPRG's idea and SEO were asked to see if they could make it work. SEO then went ahead and used the idea anyway and patented the idea as their own. A lowball game that.

BPRG didn't spend millions on the case to slap SEO's wrist. It is conjecture but I think that conjecture is how big the 7 figures are.

how can you accuse me of being misleading and then go and agree with me that seo made the idea workable? seo lost the case .fact.but they had a reasonable arguement that they made the idea work.i still dont understand why bprg waited four years though?its not so seo could iron out any problems and make the idea into something companies would want, is it? as far as i can see seo havent really made any money from the technology so how much have bprg lost out on ?the feeling i get is that the judge is more angry that an seo director ( i think ) lied in his court. that could do more damage than the actual claim. judges dont like that. will be so f**king happy when its all over . its such a small part of seo and there is so much good to come from seo but this is taking up the spotlight and moving the focus away from the massive potential of seo.

Bosley - let's see what the Judge decides and his reasons..! Ingel was SEO's big thing when first announced. Now it is apparently small beer. I don't think so given the size of Cardinal Health but let's hope SEO can get some takers for its tray trials.

its not all bad news, even though they have marked price down there is still healthy demand with buys outweighing sells

Don't like to see people have a bad time when it comes to shares, but the smug Bioprogress bastards who took the piss out of SEO share holders after the court case may have the smile wiped off their faces come the end of next year. Let's hope alll the things SEO are working on come off.

easy jacks. who says it has to be one or the other ? i know if i had some spare cash now i would be buying bprg as well as seo. lots of good things in the future for bprg .but it will be a while before they are making profit.

Both companies should do well... Invest in both and make money on both...

buys outweighing sells 2 to 1 and the price is down? dont think i will ever understand these shenanigans

well well well. seo finished up for the day . unbelievable . four days in a row . one more and i guess its a mention in shares mag as a five day consecutive climber.

last trade of the day....750,000 at 5.75p...confidence increasing........

Agree with all posts 250-252, BPRG and SEO both have a bright future. Buy SEO at 4-6p, it won't matter but where the hell do you buy BPRG right now???
I have sentiment for Jacks comments as some BPRG holders are stuck up their own arses and think they can crush SEO and claim loads of damages, is this the desperation as the only way to make some profit at the moment??
The market might see through a loss next year, bouyed up by some compensation payments. FACT is that SEO have a masive potential profit earner.
BONES, technology companies have to continue moving forward and that is why SEO long-term holders are feeling good right now, we have a product the packaging market wants AND needs.
Luckily for BPRG, you might get a gift-wrapped technology that you couldn't develop and could deliver you some profit but there is a lesson here for others.
If BPRG approach you to discuss technology, tell the sneaky bastards to Foxtrot Oscar as they might wait for you to develop it and then claim it for themselves.
Sneaky, surely not but as a recent poster on BPRG bb stated, notice Mr Hind sold a shed load of shares at 125p before your crash!!!! I'm sure he had his own genuine reasons.
Good Luck anyway!!

hello all . been a good week for us , may there be many , many more.as for next week and upto the claim settlement , i really have no idea what will happen . scenario a , the price continues moving gently upwards then falls when the damamges claim is announced.how far will it fall? back to this weeks levels? further?will it fall? even looking at the charts not much comes over. ths share is volatile, but then again , aint no seo holder sitting on a 50% loss ( sorry to bprg holders, just had to get that in).i cannot see seo crumbling and dying as some people on the other side seem to think.personally , i just want it over.