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

'Competition

There is a risk that competitors may be able to develop products and services that are more attractive to customers than
the companys products and services.'

A risk or a certainty?

'The company recognises the importance of communicating with its shareholders'

'The board recognises that the AGM is the principal forum for dialogue with private shareholders.'

Oh yeah?

'Martin J Wagner resigned as CEO on 12 April 2007. His contract, dated 25 November 2005, incorporated a 6 month notice
period for him and 12 months for the Company. Mr Wagners salary in the period was 36,380; in addition he received
bonus of 85,000, termination payment of 128,400 and benefits in kind of 1,249 which totals 251,029'

That was money well spent!

You missed a bit Oblo:-
"The chairman, the chief executive and the finance director are primarily responsible for investor relations. Feedback from major shareholders is reported to the board and discussed at its meetings." (So stuff the rest of you!)

"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.

The promissory notes are repayable on demand.On this basis the notes are included on the balance sheet at the face value which is equivalent to fair value.

The promissory notes are not subject to interest rate risk as interest is fixed at 1%and are repayable on demand."

Makes that much clearer now!

I'm bl**dy certain the board would not welcome my comments/feedback.

WTF was Wagners bonus for?

For decomposing 'The Golden Ring' Tweenie?

And Wagner's 'termination payment of 128,400 ' - since when did an abortion cost that much?

Are we sure its spelled Wagner and not ******.
Apologies to those sensitive posters still in SEO, if there are any left.

Just back from away. Looking at report. Hmmm...

I never understand how someone who resigns can get termination payments.

Such arrangements are a disincentive to continue to be employed.
Ah - maybe I see!

Spot the difference -

The Board thanks Philip [Lovegrove] for his contribution to the business during his period of service.

The Board thanks Martin [Wagner] for his contribution to the business during his period of service.

The Board acknowledges and thanks Ian [Balchin] for his contribution to the business during his period of service.

Glad the sense of humour still prevails.
I wish i could get a jod where even if I **** up I'd be paid handsomely for my failings.
Surely his bonus and termination should be withheld if he resigned/was required to resign/was a complete F**Kwit.
Sorry i forgot this is SEO and corporate business where 'THEY' know best for OUR money.
:-)
bunch of merchant bankers

That's the big difference between the UK and USA in the business world.
We tend to reward failure, the USA reward success.

Yep,
They've been rewarding a slow progression towards bankruptcy for 25 years.
At least we do it a bit quicker.

Termination should mean Termination.

He might have performed better if it had! Or am I being a tad harsh?

Wagner WAS the Terminator wasn't he? "I vill not hurt you, just your bank balance"

Anyone going to the AGM, or will it be held in a lift, somewhere in Siberia?

Well, if it's in a lift then at least we can be assured that, at some point, SEO will be going up.................and we all know what happens after that!

More likely to be held in a large plastic(bio-degradable) bag.Dont hold your breath!