bosley
- 20 Feb 2004 09:34
kimoldfield
- 05 Jul 2007 13:48
- 24868 of 27111
The switch doesn't work.
automatic
- 05 Jul 2007 15:18
- 24869 of 27111
switch gone, biogradeable
greekman
- 05 Jul 2007 18:34
- 24870 of 27111
But the management have stated the following on their web site regarding the switch.
This fixing of the switch is currently under review. Please be patient with us while we decide if we are going to repair it or not.
We are going to arrange an EGM, prior to either a placing or offer as we need to raise about 50 for an electrician.
At the present rate of share price depreciation, another 5,000,000 shares will be required to raise the full amount.
We have already approached three city banks who have looked at our equity rating,(Standard and Poor's) which is minus AAAAAAA, and rejected our offer of 50% of the company as collateral.
On approaching a Private Equity group re a buy out, they said they would get back to us after they stopped laughing.
SORRY but just could not resist.
tweenie
- 05 Jul 2007 19:03
- 24871 of 27111
RNS Number:7772Z
Stanelco PLC
05 July 2007
Stanelco PLC
Directors Dealing
Following shareholder approval of the Directors' Remuneration Report at the AGM
on 27 April 2007 Stanelco has today granted options to the trustees of the
Stanelco Plc Employee Benefit Trust (EBT) to acquire (by way of subscription)
103,846,154 ordinary shares in the capital of the Company for an exercise price
of 0.52 pence per share.
In accordance with the Share Options Policy adopted by the Remuneration
Committee the options are issued with the following performance conditions:
On the expiration of 3 years from date of grant, if the share price of Stanelco
plc Ordinary 0.1p shares is equal to 2p then 25% of the options will become
available for exercise. The proportion of options available for exercise will
increase pro rata up to 100% if the share price is 5p or greater.
The Directors and Persons Discharging Managerial Responsibility (PDMR) are
interested in these options.
Stanelco intends, in due course, to issue a letter of wishes in respect of these
share options to the trustees of the EBT asking them to consider appointing
these share options to sub trusts for the benefit of Mr Paul Mines his spouse,
widow, children or stepchildren under the age of 18 years old (in respect of an
option over 57,692,308 shares at an exercise price of 0.52 pence per share
lapsing 3 July 2017, representing an award equal to 200% of salary in accordance
with the Share Options Policy)and for the benefit of Mr Clive Warner his spouse,
widow, children or stepchildren under the age of 18 years old (in respect of an
option over 46,153,846 shares at an exercise price of 0.52 pence per share
lapsing 3 July 2017, representing an award equal to 200% of salary in accordance
with the Share Options Policy).
The appointment of these share options into the proposed sub-trusts is at the
discretion of the trustees of the EBT and further announcement will be made
should they choose to act on the letter of wishes.
Following this issue The Directors and Persons Discharging Managerial
Responsibility (PDMR) are interested in the following options
Date Granted Date Date option Option Ordinary Shares of
exercisable lapses price 0.1p each
Stanelco PLC 2005 Unapproved Share
option Plan and Stanelco PLC Employment
Benefit Trust
The following options are held by the
Trustees of the Stanelco PLC Employee
Benefit Trust for the benefit of all
Directors and employees
13 March 2006 13 Mar 2009 12 March 15.18p 10,000,000
2016
4 July 2007 4 July 2010 3 July 2017 0.52p 103,846,154
The following options have been
appointed to sub trusts for the benefit
of the following PDMR's and their
family
Robert E Duggan 22 April2005 3 Feb 2008 3 Feb 2015 10.25p 2,268,293
Harald Schmidt 22 July 2005 22 Jul 2008 21 Jul 2015 19.00p 5,000,000
In addition to the awards today, following a review to identify outstanding
obligations, Stanelco intends to issue a letter of wishes in respect of an
option over 5,000,000 shares at an exercise price of 15.18 pence per share
lapsing 12 March 2016 of the 10,000,000 share options granted on 13 March 2006
held by the trustees of the EBT asking them to consider appointing these share
options to sub trusts for the benefit of Mr Clive Warner his spouse, widow,
children or stepchildren under the age of 18 years old. The appointment of these
share options into the proposed sub-trusts is at the discretion of the trustees
of the EBT and further announcement will be made should they choose to act on
the letter of wishes.
- Ends -
For further information please contact:
Jonathon Brill/Caroline Stewart
Financial Dynamics
Tel: +44 (0)20 7831 3113
there should also be a clause that if the share price is less than 5p by the end of 3 years that the directors and staff and taken to a field and given a good shoeing.
:-)
dawall
- 05 Jul 2007 20:54
- 24873 of 27111
lankn73 like it, "Stan Laurel And Co" excellent.
But seriously heard a rumour that the SEO machine has gone into marketing overdrive. Apparently they are not just selling golf tees any longer. As true opportunists all marketing efforts and resource are now being targeted towards commercialising "floatable golf tees" which is now a masive massive market given most of the country's courses are under 6 feet of water.
blanche
- 06 Jul 2007 07:22
- 24874 of 27111
Stanelco PLC
06 July 2007
6th July 2007
Stanelco plc ('Stanelco' or 'the Company')
Pre Close Update
Stanelco is today issuing a Pre Close Update prior to reporting its Interim
Results to 30 June 2007, which are scheduled to be released on Monday 10
September 2007.
The Board continues to develop its plans in line with the trading statement of
29 May 2007. There have been no significant changes within this recent period
that are apposite to the Board's view on business prospects.
For further information please contact:
Financial Dynamics
Jonathon Brill/Caroline Stewart
Tel: 44 (0) 20 7831 3113
aldwickk
- 06 Jul 2007 07:34
- 24875 of 27111
That means no progress as been made
hewittalan6
- 06 Jul 2007 07:36
- 24876 of 27111
Correction; That means nothing at all. Empty, vacuous and meaningless.
Whether there has been any progress depends on your view of nascent.
waveydavey
- 06 Jul 2007 08:10
- 24877 of 27111
excellent.
5 years and I might get my money back.
Meanwhile , the bosses get hefty bonouses for shafting the PI's and selling some product.
I guess the cigarette filter is'nt worth a 1 let alone 100M (lol) and walmart and perseco have bin'ed this outfit for the immediate future.
No sales , nascent sales in future. No JV's in USA. NOTHING ON THE HORIZON.
Greenseal DEAD, Frogpack- flat, pulseline -flatlined more like. starpol- STARPOO
5 more years before a profit!!!!!!!!!!!!!!!!!!!!
AAAAAAAAAAAAAAAAAAAAAAAGGGGGGGGGGGGGGGGGGGGGGGGGHHHHHHHHHHHHHH
Iankn73
- 06 Jul 2007 08:35
- 24878 of 27111
I think its best to forget about this one for the foreseeable future rather than this continual masochism. Hoping upon hope for positive news as difficult as this must be due to the amount some of you have invested in "Stan Laurel And Co"
Have a good weekend all,
Ian
Iankn73
- 06 Jul 2007 09:00
- 24879 of 27111
Why even bother to release an RNS which contains absolutely nada! unless this is their indirect way of quelling the recent rumours surrounding Biotec?
Haystack
- 06 Jul 2007 09:04
- 24880 of 27111
"There have been no significant changes within this recent period that are apposite to the Board's view on business prospects."
An interesting use of words. The statement will still be correct if the Board's view on business prospects is terrible. It leaves out what the board's actual view really is.
oblomov
- 06 Jul 2007 09:05
- 24881 of 27111
So, 'Si goodbye' to any 'silo' profit?
With SPhere ramping the huge bioplast production planned to start at the end of this month, would this not be an indication that SEO will not benefit?
GREEK!!!!!!!! Time to file that complaint.
Iankn73
- 06 Jul 2007 09:09
- 24882 of 27111
Oblomov,
I think that may see to be the case based on the RNS unfortunately! WTFDIK
greekman
- 06 Jul 2007 09:12
- 24883 of 27111
Hi Lankn,
As I understand it, a Pre Close Update is now a requirement of the LSE, prior to releasing results.
Ob,
If no news is out by close of market tonight, the report will be sent tomorrow.
I will confirm when sent.
hewittalan6
- 06 Jul 2007 09:15
- 24884 of 27111
Just to play devils advocate, not that I necessarily believe any of it..............
SPhere are about to float, they desperately need to ramp their future. SEO made a promise of the new board that RNS would not contain anything but hard fact. Planned production is not hard fact.
SEO must realise the precarious position they are in regarding previous RNS that have promised much and delivered nowt, they have had enough complaints about it.
It really does come back to that word nascent!! If it means (as we all read it) that plans, sales and orders were comatose, verging on dead, then they still are. If it meant they were happening, but at an early stage, then they are still happening. The only thing it does not reveal is how big or profitable and who they are with.
FWIW, I am working on the theory of sales being dead, then it will be a pleasant suprise to be wrong.
tweenie
- 06 Jul 2007 09:49
- 24885 of 27111
Unfortunately, I think the money will run out before any profit.
the directors are in a win win situation AGAIN.
They get paid , have to deliver nothing and then move on .
await the next cash call/sale/ or more likely fold in 18 months.
theres nothin nascent about that.
bad day to give up smoking crack.
:-(
robinhood
- 06 Jul 2007 11:33
- 24886 of 27111
bad day to give up smoking full stop!!!!!!!!!! However it was pointed out to me that if you drop a fagend in the street you may get fined 80.00 whilst if you smoke in a pub or restaurant the fine is only 55.00 so the difference will pay for the bar bill
robinhood
- 06 Jul 2007 11:34
- 24887 of 27111
wonder how many fines SEO will have to pay in future considering all their instigated smokescreens