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

I wonder what the institutions, who put in most of the 8m, are thinking. They handed over the cash for the building of micro plants in the US not a poxy little testing unit (which should have been built years ago) in Southampton. You have to admire SEO though, they have invented a whole new kind of business.......................not a "let's see how much profit we can make" company but a "let's see how long we can hold on to someone else's money without doing anything constructive with it" kind of company!!

Hi Patisear,

I fully appreciate that being a problem. If you read my thoughts on that thread, you would see that I did some serious deliberating prior to my report.
It came to the decision of just how far should we allow he management to mislead before requesting action.
It is a sad fact that most companies both private and public when punished pass on that punishment to the shareholders.
Until all fines are paid out of income and not from the company (IE not allowed into the accounts) we will never win.
As to SEO I was not hoping for a financial penalty, I was hoping that an ex director would be banned re any such position for a lengthy period of time as in my view (and many others) he intentionally mislead shareholders.
But no doubt there will always be ways round any system.

sd, some jam for you.

Now What Can I Do With The Rest Of That 8m

great

Mmm, thimbleberry - my favourite. Thanks Bosley - how's sticks? as you might say.

Yes, Alan and greek - but 'already'? Its as if that is a great achievement that he's trying to be more commercial so early(???) on after taking over - he should have been doing it from day one! It's a business he's running, not a WI cake stall at the local fete!

Fine the bastards 8m - that'll not only teach them a lesson, it'll put us all out of our misery!

It's a pity that whoever has put a "potential" offer in for Meldex doesn't want SEO as well............but there again, who does?!

Jam today but no jam tomorrow. Bosley's jam has disappeared from my screen! He obviously didn't know that they don't allow advertising here.

Good to see some old friends! And looking to be cheered up which I have been. Now, SEO have cash of 8m and what is the share capitalisation: 8m. I think shareholders funds are double that. A bit of a spurt last week, in case there was any good news today, perhaps indicates that there is life after .... Does anyone reckon that they have anything of significant potential?

Eric

The more I read their RNS's the more I'm puzzled as to what do they actually do ?

They've got plenty of potential.
However, they are incapable to turning that potential into actual sales and revenue.
But they've got enough cash to drag this show on for a couple of more years.. so you live in hope that eventually someone wil have enough nonce/ability to sell/flog/give away enough of the stuff to start generating some income.
time to put away and forget and move onto fresh fields.

It's a bit like the time when Groucho Marx was asked (when he was at Lords cricket ground for the first time ) ; What did he think of it so far ? after an hour and a half of play ? and his reply was to say : it's all very nice, but when does the game start ? Stanelco is the same !

Perhaps SEO is a front company for donations to you know who.

With Biotec sales increasing, with no contribution or influence from SEO, I reckon SEO may find themselves in a slight profit without having to do much!

That is very worrying Garyble, it is against SEO's principles to make a profit!

I know Kim, but I don't think they can avoid it unless they resume trials and dispute the odd patent........

Well, I'm not too worried really, they have been advertsing vacancies for a General Manager RF Applications and a Technical Services Manager - BioPlastics for ages; if they offered salaries of 4m for each, SEO would soon be back on track!

tweenie et al.
You could be right, - but this Co has long been a serial disapointer, so you have to look at the hierachy at the top - to find the common problem over the years.
They had a new Chief over a year ago and the Market has given him enough time to start getting to grips with the deep-rooted problems, (or so they would appear).

Could it be that no-one wants their products at any price?
I suspect the price is the sticking point: When established players are generating profits they can squeeze their Buyers, maybe suggesting that SEO is an untried supplier, likley to go short due to lack of capacity - these are real fears for any volume-user.

Could it be that they don't know how to sell?- bearing in mind that any good salesman want to represent a go-go company so he can expand his empire/bonus/value etc..?
I suspect this could be their root problem: believing that a "better mousetrap" will sell itself in huge numbers, but the reality is, very few are needed and folk that have them are quite happy with their performance! A good salesman is needed to generate that Order sheet!

Unfortunately any Good Staff soon finds this is a wasteral co ( oops!), with little chance they will bag a big order, let alone corner the market. So they leave and the Co. continues along a poor-slope - witness the sp graph - a CON solidation won't do much good either, - as I suspect folk would be suspicious.

Does anyone remember ( Zzzz), when this was - 28p? - Ho! Ho! Ho!

Hangon, I agree that price will probably have been a big factor to anyone looking at SEO's products but also, I think, efficiency. I know someone who was very, very interested in purchasing a Greenseal machine, until he found out the price, and more importantly, the speed at which it could turn out the end product. SEO were "surprised" when he told them it was too slow and "aware that other machines could work faster" - sound somewhat inefficient to you?! What the hell were they thinking??! That their precious machine would be chosen above all others no matter what the defects? What a load of to**ers! It really annoys me that they had/have some really good products but for some weird reason they seem unwilling to get/incapable of getting, the proper expertise to launch them.

Another problem may be how potential customers look at the company and products.
It must make these potential customers wonder why there have been so many product problems over the years whilst SEO's competitors have not just drew level but passed them on what looked to be a home straight.
They will no doubt also look at how the company would follow up/progress from an initial sale.
To take it to basics, if you are looking for a product that is made/sold by several manufactures/retailers. Do you buy from the retailer that has high sales or go to the one that has none. Human nature defines that you question why no one is buying, whereas you would tend to feel that many sales instill confidence.
If you were a potential buyer looking into Stanelco's last few years, would you have the confidence to buy.
I think Hangon hits the nail on the head when he states, "they are an untried supplier".
As has recently been mentioned, perhaps pricings are too high. To be in Stanelco's position, to generate sales I would suggest that there would have to be some serious undercutting of item pricing to illicit interest.
The above may be simplifying the situation too much, but the analogy can be argued.
All imho of course.