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

The question is; Which side of the conclusion do we fall into?
Were Asda, WM, Perseco, the institutions, the FSA and us all conned by a team whose story would be rejected for Oceans 14 as too far fetched, or, is the silo story something that was known long, long ago by these people and not yet ready for general release, but is the start of why all these people got involved?
Huge silos do not spring up overhight. They are planned, applied for, designed and constructed. If they exist, the ball started rolling well before the 0.8p placing.
Did the potential contractees like Starpol or its derivitives, but think greenseal was a waste of time and money. Were the mmu's abandoned because Biotec could show that a huge increase in production was planned that would supply all SEO's needs, making SEO contractually obliged to abandon licensing and mmu's?
The silo story raises more questions, few answers and the opportunity for SEO to spin an even better yarn, if they are indeed a bunch of crooks.
Alan

Alan,

I don't think the proposed end customers were conned, as the product did look very good as a future cost/planet etc saver. I agree re your more questions than answers. The trouble has always been, shortage of answers.
I rarely sit on the fence, but re the silos, I haven't a clue, true or false.

Greek.

And yet I have it on good authority that in September 2006, Asda were still intending to roll out GS and Starpol, following exstensive trialling!!
What happened since then? I have no idea, but something must have gone badly awry.
In the 9 months since then there have been many board changes, Starpol 3000 has never been heard of again, GS is dead, wrap100 has gone strangely silent, no-one is interested in the filters, the SEO website becomes a joke, the SP has boldly gone where no SP has gone before and the management are reluctant to talk to anyone.
Call me a suspicious sort, if you like, but institutions taking a large financial stake, followed by board changes, followed by every plan ever in place disappearing into the long grass may not mean half truths and fictions being told to potential customers and investers alike, but it certainly has the same smell.
There is something wrong in the entire operation / formula. There must be. It must have come to light late last summer and made GS and Starpol almost useless to the end user.
On that note has anyone noticed the subtle change from corn starch to potato starch?
Alan

In PM's defence (did i just type that?)
THe silo's are real and more importantly they are part of BIOTEC and more in line with SPERES continued growth than any plans put forward/lied about/promised by SEO.
SEO do own 50% of BIOTEC and thererfore should get 50% of any profit.
i'll sit and wait end of JULY is'nt that far away and the THRUTH will out.
hate to sound like the X-Files.........BUT TRUST NO ONE.
If (by IF I mean Spere and BIOTEC) pull this off they will have rescued SEO from the Shitpit it has put itself in and I will bail out.
there's a part of me that genuinely believes this company should be put to the knife, however, i would like my money back.
3p and out by xmas.
:-)

Yes noticed the change from corn starch to potato.
This may be a good thing due to the bad publicity of late re that the move into corn starch bio use is effecting the supply of corn as a food crop in third world counties. Potato change of use is not expected to have the same detrimental effect on the food chain.
Who knows anymore.

If this were coming from SEO I'd take little notice of it, for obvious reasons. But I have no reason to believe Sphere are tarred with the same brush as SEO spin-wise.

If the 100,000 tons happens and SEO benefit, it would have been by luck, in my opinion. Maybe the purchase of Biotec will prove to have been the one good move in SEO's stratergy.

It may also have been the reason for Schroders getting involved and not the MMP's and Greenseal as I had believed. Maybe they're more shrewd than we give them credit for.

As I understand it (and I may be wrong) potato is the way things are likely to go because of the effect on the price of other food products if corn is used. The use of corn is far more diverse in the food industry than potato and its worth as a material in biodegradable applications would raise the price of bread, pastry, cereals, etc etc.

so maybe the irish got it right in the long term after all - when they were dishing out the land.!!!!!

Yes Oblo, but what about my chips????
Our local chippy already charges too much.
;-)
Alan

I won't get too excited about anything at present, not so long ago SEO seemed to intimate that they would go it alone with Biotec's products in USA and there appeared to be a bit of a falling out with SPhere; for that reason it would not surprise me to see SPhere and Biotec excluding SEO from their future plans knowing that SEO probably could not stand up to another elongated court case. I hope I am wrong. Despite thinking that I would sit it out with my remaining 400k, I have reduced to 100k as I wanted to put my cash to better use elsewhere; I will now sit it out with the remainder and hopefully will top up on the news that the present management will have undergone a lie detector test before releasing any 'good news'!

I do hope the K stands for shares and not . If it is 100K lend me a bob for a cup of tea.

I know what you mean, Alan. Hard to find a reasonable carpenter down here as well.

Touche...........

The new boss at SEO has put out one RNS it hurt the share price yes. But at least he told the truth, so it gives me hope that in the future, we can belleve him, is he brave or a fool. Me i will give him a chance.

Jimward9,

I agree he may have told the truth, but some lies are told by keeping stum on certain points, as the known facts then if not defended tell the lie. What is the issue with Greanseal, Starpol, Cig Filters etc.
What is the current state of affairs. Something is wrong with these issues but WHAT.
If we had an explanation of what had gone wrong, he could have started with a clean sheet, and yes then I would be more prepared to give him that chance.

Possibly another piece of the jigsaw, at least it shows SPheres capacity to obtain the potato starch:-

http://translate.google.com/translate?u=http%3A%2F%2Fwww.champagne-ardenne-tech.fr%2F-spip%2Farticle.php3%3Fid_article%3D2325&langpair=fr%7Cen&hl=en&safe=off&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

and here:-

http://translate.google.com/translate?u=http%3A%2F%2Fwww.reussir51.com%2Fpublic%2Fimpression.php%3FcodeArticle%3DS9BFL8MX&langpair=fr%7Cen&hl=en&safe=off&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

'AdventAgri will be able to work in synergy with Biotec, an entity of the SPhere group, to develop agro-materials. Biotec has 200 patents and ten years of research in the development of the bioplastiques ones. It is also planned to create an application laboratory and innovations to Haussimont and to integrate projects in the pole of Inudustries competitiveness and Agro-resources of the areas Champagne-Ardenne and Picardy. Lastly, a unit of granules the bioplastiques ones should leave ground in the three years with to key 50 to 80 employment. '

Fred, sadly yes, it stands for shares not , but hey, who knows, by the year 3000 when the next Starpol is produced it could well stand for . Mind you, by 3000 will probably be equivalent to today's 1p.

From the recent trading statement:-

'Biotec, which is owned 50 per cent. by Stanelco and 50 per cent. by SPhere S.A.,
sells virtually all of its biopolymer output to its shareholders. In the current
financial year to 31 December 2007, it was envisaged that each shareholder would
take approximately half of the production capacity of biopolymer and Biotec has
prepared itself for that eventuality. However, the Stanelco sales and product
pipeline is currently nascent and is expected to be developed over the course of
the next 18 months or so. '

Could it be that SEO have seen more potential in using it's 50% production capacity with Sphere to produce bioplastics for the French bag market than using it in the U.S.as was previously proposed?

I thought SEO were only capable of imagining potential Oblo, not actually seeing it! We can live in hope though.

Well, in this case it may have been pointed out to them by Sphere, Kim!

Sphere seem well-placed to make this happen (using Biotec) - SEO would benefit without too much involvement, or opportunity, hopefully, to 'male it up'.

edited in view of Greeks post below - now I'm off to the Male It Up Inn for a pint or two!