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

Not everyone does want a so-called 'greener' world, robin. Those who do have the biggest mouths, thats all, and they usually have an ulterior motive - i.e. money. 'Green' is big business (though not for Stanelco, unfortunately!!!) in the same way as 'organic' is. People are at last realising the organic movement was a con - the same thing will happen eventually with the green movement.

Most so-called 'green' people appear to want to save this planet whilst living on a completely different one.

Whilst I'm on my soap-box, there is a great video here on climate change which exposes the myths most people are too happy to believe - a great number of scientists do not believe climate chamge is man-caused, but the media dont report anything other than the opinions of the doom and gloomers!
Speech over.

http://www.friendsofscience.org/index.php?id=158

Alan, I agree that the RNS was an honest reflection, at last, of where the company is now but there are too many similarities with previous announcements which say things like:-
" we expect continued good progress in the Group's main businesses."
We've been expecting that for a long time now.
"we remain confident that the resources are in place to improve our business
performance over time. When we achieve profitability we should have substantial
protection from taxation due to the ability to offset prior years' losses."
At least they are not saying "we are selling to WalMart, McDonalds, Sainsbury, M&S" But after all this time they SHOULD be! I sincerely hope that their present sales team are able to pull something out of the bag for SEO but until I see active advertising on a HUGE scale, which is painfully absent at present, I do not have as much faith that the company, quote, "are looking for new opportunities to increase its critical mass quickly." emphasis on the "quickly"!

I will, however, be looking for opportunities to increase my holding as and when I feel that real progress is being made.

Glad I didn't lose any sleep over this. All very much as expected for a change.

I'm quite impressed with the clarity and apparent openness of the results. Certainly a refreshing change from the old "SEO speak".

What would really inspire confidance would be directors, digging into their own pockets and buying some shares.
I think I'll hold onto my spare cash a bit longer and see if PM et al put their own money where their fat gobs are.......so to speak.

Oblomov re post 26188 Totally agreed fed up hearing about carbon footprints that make an 0.0000000000000000000000001% difference Move over on that soap box!

made a little money with my top up.

Can directors buy now?

I'd like to see them buying too.

Decided to sell this morning at a small loss, but thanks to the previous punt I had ....made a small profit overall....this could go either way....so shall wait and watch from the sidelines....some possibilities this year for this one...I could be back in at any given time !

Further to my previous post...I should have known that on results it would have dropped...damn it...each time a company reports the sp's dive...good kick myself for forgetting that and should have come in this morning at .6p...!

Had a chance to read the RNS in full now. Nothing very encouraging, IMO. SEO looks set to just tread water for at least several years, if not forever.

One item stands out on the balance sheet and that is the sum for promissory notes - over 5m. Does anyone know what they're for and who the beneficiary is?


CURRENT LIABILITIES
Trade and other payables 4,765 1,479
Amounts payable in respect of deferred
consideration 466 3,734
Promissory notes 5,672 5,205

It's heading back to below .5p possibly....I got out in the nick of time !

rf
A good sign if your out I will top up.

With my luck driver you could be right...if you are going into battle don't take me as an advisor !

Well...those who bought in at 1.25p will have to delete a few options on the new car ! ....there goes the spare wheel !.....there goes the sunroof....oh dear the metallised paint option has got the chop ! leather seats off the list ....now where's the nearest Skoda dealer !

rf
You better get back in it's going up 1p at the end.

Not at the moment driver...I fear this is diving to below .5p !

no directors buys.......................yet/ever?

They know it's dropping...now all the hype has faded away it's back to normal !

Answered my own question on the promissory notes - from the annual report:-

12. PROMISSORY NOTES
Group
Promissory notes are amounts due from members of Biotec Holding GmbH Group to the 50 per cent.
shareholder, SPhere. Amounts due represent the principal loans plus unpaid interest. Interest is calculated at
one per cent. per annum on the outstanding loans.

Did we know about this? I wonder if this is due to be paid when the 'golden shares' expire - the end of next year? It'll be a big chunk from the profits(!!). 5.672m

Oblo,

found the following on p194 of the prospectus:

"The Biotec Entities were indebted to the Seller, or persons or entities under the Sellers control, by an approximate total amount of 15.7m (the Shareholder Indebtedness). An amount of US$1m of the Shareholder Indebtedness was secured by a registered charge on the Biologische Natureverpackungen GmbH & Co KGs real property."

I assume the debt is split 50:50!

I fear that this is going back to the .2p that we saw before...there is an interesting point raised by oblomov...I have to say that I know nothing about this so any points by other bloggers would be welcome...we all would like SEO to recover...me included because it has potential...the only trouble is that every time it recovers something else comes along to knock it !