bosley
- 20 Feb 2004 09:34
hangon
- 30 May 2007 12:53
- 24557 of 27111
The trouble with investment is it is easy to believe it is a gamble- NO it isn't!
Where the "gamble element" occurs is the way the Market alters prices. You hear of a fire in some far-off land and local companies are unafected, even though they may have lost deliveries for months - but the Market doesn't yet know it. Similarly you hear grandiose predictions for a new product with trials expected soon and the sp rises to unbelievable levels - buying at any time is a gamble (due to the Market twists) and is more-so if the sp is high compared with "profits, turnover etc" - just look at many new AIM-entries to see fully-valued stock!
Now with SEO we had a competant company (in Ultrasonics), who saw a new market...they explained the change to investors and started research.....so it is not unreasonable for SEO to spend money not yet earned. The idea (in investors' minds) would be to get Reports on progress, but we have ( er, IMHO.), been fed half-truths, or RNS based on very little - almost to the extent that BB's have been creating the news....yet the sp kept falling because by any reaading of the SEO report and accounts...nothing was hapening....we punters were being fed annual reports of "soon" and ..."Next year/Quarter"... until their major investors could stand it no longer and the New Exec was installed.....naturally he has to Report and this takes time - Why does the sp react badly to the Truth?......that same truth caused other punters to sell-out years earlier....
The facts as I see it are simple - management was not suited to the role of research, nor development, nor sales (since the product was "iffy")...in truth they had no product and very little prospect of success - that's why (with the truth on the table), the sp is getting close to the cash. But note thast they are still 5x face value!!!
This company could go to AIM and that will cause some selling - or maybe some bright nutter will suggest a consolidation - the last refuge of bad management ( er, I mean where they have overseen joining the 90% club etc.).
I note that institutions paid 0.8p for shares recently, so not very far from today's price - were they aware of the poor prospects?
I doubt it, SEO-Management must have had their suspicions but until the truth is out (for all to see, as now), Execs can huff and puff that "...all is being moved forward...."
What is a real gamble IMHO, is that the Management you are paying for - is truthful and adept at getting the business out of blind-alleys, dark holes etc. Research isn't easy" - and it needs a skill that (evidently) SEO lacked - the dishonest thing is to keep quiet....which is what many think happened.
-+-It is surprising that ASDA didn't pull the plug ages ago, but I was always concerend that the Trials seemed to be so low-key and even suspicious that ASDA was buying silence - - - by signing-up to SEO it effectivly stopped their competitors getting to the discussions, if that makes sense.
Soon SEO will be a bargain - but for whom?
-Oh the darkened room.
-Nurse! Where's my medication?
andysmith
- 30 May 2007 13:22
- 24558 of 27111
Greenseal non-commercially viable, no surprise there then, they have probably known this for quite sometime, thats why I sold out in 2005 due to delays in commercialisation signaling all not well with the trials however I have always maintained on watchlist to see if Starpol & Biotec came to fruition. Sadly caught up in another patent dispute and the only thing they may have now is 11m cash, maybe Wrap 100 for the burger application? Can they deliver that or are they only capable of delivering your burgers at a drive-through sometime in the future?
Having sold Adept Polymers they should rename Stanelco, Inept Industries. Sincerely hope that the patent issue is resolved positively and before the cash runs out for the sake of the all shareholders still holding these poxy shares.
Fred1new
- 30 May 2007 13:50
- 24559 of 27111
Greekmam, sorry about your dyslexia. Can you count?
8=)
automatic
- 30 May 2007 14:48
- 24560 of 27111
Anyone, That 60mill K trade @0.60 is that a buy or a sell, neither the BID or OFFER were at that , Thankyou
jimward9
- 30 May 2007 15:06
- 24561 of 27111
k trade made yesterday reported today at that time 0.7 buy 0.68 sell, should get an RNS on that one soon.
automatic
- 30 May 2007 15:10
- 24562 of 27111
jimward9
thanks,takeing that as a sell and so i have sold, had eneough of lies and promises and alls going well
aldwickk
- 30 May 2007 16:32
- 24563 of 27111
Can legal action be taken against former and present directors for covering up the mess from shareholders ?
garyble
- 30 May 2007 16:47
- 24565 of 27111
Faith sorely tested driver!!!!
Next RNS should tell us whether there is any life left in this SOB of a share. Has certainly improved the daily volume from what has recently been bugger all. Could be what was required to get things moving. Clear the decks and allow those in the know to either clear out or clean up........which is it?
tweenie
- 30 May 2007 17:27
- 24567 of 27111
Driver , Your not PM in disguise are you?
:-)
First it was GREENSEAL as the saviour , then It was STARPOL, Then MMF's Then FROGPAK, THen back to GREENSEAL, and now it's ............BIOTEC.
God bless his eternal optimism.
I only wish I was as confident in seo's abilities to rescue itself from this mire.
Fred1new
- 30 May 2007 17:37
- 24568 of 27111
Perhaps they could wrap themselves in one of their own biodegradable products and be buried in a land fill centre.
hlyeo98
- 30 May 2007 18:35
- 24569 of 27111
GreenSeal, StarPol, Biotec all of them FAILURES...SEO has no products to sell...trials delayed and all copped out...no big orders from ASDA, etc.
SEO will go down to 0.25p. It is still expensive at 0.60p.
SELL.
greekman
- 30 May 2007 19:23
- 24570 of 27111
Oblomov,
Know probb, my dislexear, it downt bover mee (spel cheker downe).
Fred,
Of course I can count. There are only three types of people, those that can count and those that can't.
OK back to SEO (sorry) I think the IQ of the past management is 0, they cant count, but would all make an excellent living writing scripts for TV. Fiction of Course.
Just a few suggestions for programme titles... On The Cusp.....A Company Makeover......Things are progressing nicely...The Company Expects.....Pie in the Sky......And The Apprentice, though if any appeared on that prog they would very quickly be told, Your Fired.
Or perhaps they could become magicians, with tricks like... Find the contract and the vanishing customer, you know the type of thing, now you see it now you don't.
What they should not be allowed to do is run another listed company.
hlyeo98
- 30 May 2007 19:31
- 24571 of 27111
SEO like PCM (Pacific Media) is dead and gone?
zscrooge
- 30 May 2007 19:34
- 24572 of 27111
This complete thread should be compulsory reading for any novice investors.
I presume II and Sequestor are wading knee deep in retractions.
Fred1new
- 30 May 2007 21:21
- 24573 of 27111
GM, I count two, but not very much after my last remark to my wife!
And all I said was " " !
oblomov
- 30 May 2007 23:01
- 24574 of 27111
alfalfa
- 30 May 2007 23:37
- 24575 of 27111
Who are Stanleco ? Surely not an impending metamorphosis !
oblomov
- 31 May 2007 00:09
- 24576 of 27111
The articles by Ahmed ElAmin - thats not one of your pen names is it, Greek?