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

"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!

Please don't get me wrong as I 'm trying not to knock SEO anymore...(well...I'll try anyway !)...but I often come across old plastic bags in the garden at times and these things are possibly no more than 2 years old and they are in tatters, I mean they are disintegrating into pieces....what's this business about plastic bags lasting 100 years... they must be really tough....I have yet to come across anything plastic that's going to last a century.

They all break up to a certain extent - but not completely. The size of the pieces you see are probably the full extent they are going to disintegrate to for a very long time. The small pieces scatter but dont break down. They can themselves into water and pollute that.

Bio-degradable bags are not much better - they just break up into smaller pieces quicker.

Compostable bags completely break down - under the right conditions.

They all break up to a certain extent - but not completely. The size of the pieces you see are probably the full extent they are going to disintegrate to for a very long time. The small pieces scatter but dont break down. They can enter into water supplies and pollute that.

Bio-degradable bags are not much better - they just break up into smaller pieces quicker.

Compostable bags completely break down - under the right conditions.

Also they take far longer to break down in landfill when they are buried away from the air. This is where the 100 years breakdown timescale comes from when they are protected from the elements. Also as these plastic bags degrade the poisons they contain mix with the soil. Bio-degradable bags eliminate all these problems.