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

Looks like some washing their hands of it and others trying to make a quick buck from the mm's mark down

Takeover looking more and more likely to me at bargain basement price!

Could there be a clause in the partnership which erquires a level of consumption of Biotec products?

You couldn't make it up. What will become of SEO? Will it turn into a cash shell and just become dormant. This was always going to be a loser. Just another company with investors in love with the technology and no hope of it being a real business. The list of such failed companies is very long. They have 11m in cash, but their market cap is 34m. This has some way to fall yet.


"Stanelco PLC said trading expectations for the full year will be 'adversely affected' by patent challenges"

"trials of its Greenseal product showed the application is unlikely to lead to commercial sales."

"The company put its plans to manufacture Biotec products in the US on hold"

for "further cost reductions are envisaged" read mass sackings!

Considering the update, I don't think a 50% mark down is unreasonable. Greenseal, the flagship product is dead and BIOTEC sales are zero. Difficult to see where significant revenues are going to come from.

Might short this and buy back when the sp gets to half a groat.
At the rate its going 1 share will be worth the same as a bio-degradable carrier bag.

not enough left in sp to short .... sure ain't gloating at others' misfortune, but .....

'the Stanelco sales and product pipeline is currently nascent '

Nascent - thats a nice word. ''being born or beginning; "the nascent chicks"; "a nascent insurgency" my dictionary says.

Still-born more like!

So, Greenseal is dead and so are the MMF's. What's left?

Surely SEO are obliged to build these MMF's given that it was largely on the strength of doing so that funding was sought and achieved last September.

Any thoughts on what can be done about that? I'd like my money back, and I expect Schroders would as well! I'd rather the remaining 11m was split amongst shareholders and they shut up shop now than continue till its gone and wasted!

Dont like to say 'I told you so' but regarding the patents I have been saying there could be problems ahead for the last 18 months or more as many will know. Some of you even managed to get a gagging oder on me over on FYA!

Garyble - takeover? Who would want to buy this heap of barnacles?

BTW - anyone heard from Eric lately - does he still work for Schroders?

SEO is developing its plans in the short term to deliver shareholder value from these assets over the medium term??????????? Anyone.

Warned people some time ago that you could not trust this company or its board of directors... Feel sorry for PI's this really is a hard lesson to learn... Great potential but it failed to deliver... Going to wall IMHO...

Blind faith!!

...and Sealed Air?
The Chairmans (ex!) slip at the AGM !

This was the same man who said "Greenseal is on the cusp of commercialisation" at the previous AGM.
Pity he's gone - I will miss his pearls.

Alan Hewit, where the *** are your imaginery friends now?

dawall,

Pelase refrain from using language which others may find offensive,

Thanks

Ian

dawall
You should spell it like this SEO is %&^*$ and %$$$?!!!! Management is %&^*$!!! they couldnt run a %&^*$!!! in a %&^*$!!! brewery

What a load of cock.
My investment will now barely cover the cost of my funeral.......which will be soon , as no doubt the wife will kill me.
Thanks SEO management you lie like politicians.
I salute your incompetency and ineptitude.....
But give the directors some credit.........they were'nt stupid enough to buy shares in their own company.
LOL :-)

Institutions that have held this share over the last 2 years should be looking at reporting the management to the market regulator re all those misleading (ramping) news releases put out during that period. Also how long have the management known that Greanseal was dead in the water. It is not much use us (under a mushroom, kept in the dark) PI's reporting as such as we don't hold enough clout.

and a lot of good may it do them! ..... if the likes of Tony Reid who skimmed millions from BFS and the split capital scam got away with a light tap on the wrist, what makes you think stronger action will apply here.

How long is a MIDTERM........these days?
If it's longer than 12 months...... Our only hope wil be GREENSEAL 2000, Starpol 4000, FROGPACK Millenium edition and Pulsline 'the movie'.
Complete bunch of Merchant Bankers.

I agree that the regulators are weak. They have about as much bite as a rottweiler with no teeth, but if no one complains we will never know.
After all I think the regulators have taken action against at least 3 companies within the last 12 months. So that will really frighten the wrongdoers, wont it!

i am sure they are quaking in their boots!