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

Sharesure
Again Great post, Sharesure - thanks very much, very good report back.

i'll tell you what wasn't in the statement. there was no mention of any doubts concerning asda. there was no mention of failed trials. there was no mention of seo being a one horse company. there was also absolutely no mention whatsoever of any chance of failure.
what has become clear since this morning is that since the company changed tack a few years ago from being a straight rf/welding company to being an ip company they have taken huge and very important strides.
they have faced problems head on and dealt with them. every step of the way they have kept shareholders informed. now the real momentum begins as ideas become deals. and does it get any bigger than asda? before anyone says tesco...they were too slow. now seo have revealed they are going for walmart. the potential is quite phenominal just from this one revenue stream!!

aparrently ek wrote this.

"as an agm statement it leaves a lot to be desired and shows the incompetence of all you pi's for not questioning what the board has refused to tell you"

i agree 100%. taken from dosum's post 3317

"A meeting took place with Sainsbury a couple of weeks ago and 'they loved it.'"

did nobody ask the board what the meeting was about!!!!!!??? what is the "it" that they love? please , dosum , details.........
and as for fund raising, i hope this time we get a bite at the apple and it isn't a placing.

Roll Up Roll Up (it's a bit slow but its worth it)
Frogpack Helicopter Product Testing

Watch this amazing footage as a bottle of champagne is dropped from a height of 50ft, 100ft and 200ft from a moving helicopter and survives un marked

http://www.frogpack.com/

Very good Driver...very entertaining. I could do with some Frogpacks to deliver paintings from my website...problem is they are all different sizes.
Al in all it just shows that IMHO we should keep SEO as a long term play...imagine in a few years we could be talking about 5 or more a share :-)

Please ignore Insider Imbecile when he /she posts - we all know it's just bulls**t!

bosley - 22 Apr'05 - 20:52 - 3339 of 3342

i'll tell you what wasn't in the statement. there was no mention of any doubts concerning asda. there was no mention of failed trials. there was no mention of seo being a one horse company. there was also absolutely no mention whatsoever of any chance of failure.

Not really surprising though Bosley.

I'm with Andysmith from a few days ago on this one. You either buy into the blue sky scenario here or you are cautious and you don't. End of.

For the record (not that anyone cares ;)), I don't, based on fundamentals, turnover, profit etc. So sit back and watch the herd buy in and the sp fly!

A bit cautious, di, once the royalties start to bite we'll get 5 sooner than you think.

zscrooge: have you looked a the effect of royalties on earnings: either look at Evolution or earlier posts by andysmith and myself. If you do, let me know what you think, please!

Eric

zscrooge, not surprising at all . the point i was trying to get across was that there is nothing negative to report. the trials are exceeding expectations, other potential revenue streams are coming to market, and they are in discussions with other supermarkets. it's all good. at the time though ,the blood was up. even my finger was wagging at the screen.
di, what website is that?

bosley.
"they loved it", was refering to green-seal. The quote was in response to the question- was Sainsbury still in the frame? Lovegrove added that ASDA just happened to be first to get down to the spondula. Not quite his words but to that effect. The general indication was that discussions are ongoing with Sainsbury and other potential UK users.
Hope of some use.
Regards.
D

dosum, thanks for reply. just wanted to be sure that seo weren't pitching different products at different supermarkets....like greenseal for asda and starch trays for sainsburys. did you get your free frogpack then?

A frog he would a-packing go
Hey ho said Bosley
A frog he would a-packing go
Whether his patent would let him or no
With a radio frequency meat tray lid sealer
Hey ho said Eric and Bosley

Great rhyme, sd, I like it. I note that I get the gammon and bos the spinach, which he needs to build his strength up for his drums and the golf day. You presumably are the roly poly, probably because you are fond of puddings, or anything else you can get to fall off the table! Is that anything to do with the roly poly pudding and pie who kissed the girls and made them cry?

bosley.
Passed on frogpack having retired from jumping out of aeroplanes.

eric, you're right the roly poly gammon and spinach refers of course to much the same thing as hey nonny nonny nonny no from the 17th century and is too risqufor this thread, so have changed it to more appropriately pre-watershed lyrics!

Stanelco AGM extra comments
Funding: My notes on this were that the chairman said that the placing last year was sufficient to fund the current business model; a further placing or rights issue was not on the agenda. I would distrust a chairman who says he would never need further funds and SEOs chairman quite rightly did not do this because there could be future circumstances/opportunities which might be in the companys interests. He also said they had opted for a placing last year because it was a cheaper route to more funds. I suspect he also had in mind that a rights issue at that stage of the RF development and with the impending litigation would have been hard to get away without denting confidence and causing the share price at the time to suffer. The placing would also have helped confidence in that convincing institutions to get involved in new technology is quite tough and therefore if you can achieve that it can give all shareholders some comfort. He indicated that if there ever was a need for more funds he had taken on board the shareholders wish to be given the opportunity to subscribe; also that in his view that would only arise if there was a business case for substantially revising their business model to reflect the need for a much faster roll out which was not capable of being funded by revenue.
Market Exploitation: They are seeking to exploit as fast as possible; the outsourced deal SEO has done in the States has apparently addressed that for that market and their own UK team can apparently cope over here. Their view was that if any competition emerges they have the capability to see that off by threatening an aggressive pricing strategy which would probably mean a rival would just not be able to raise funds to even get started.
I hope Camillas recollections coincide; because after the meeting the Board made themselves available for private chats with individual shareholders and my notes remembering what was said publicly as opposed to privately is down to memory!

Overall next day impression is that of course the sp will climb a wall of worry; cant think of many instances where this couldnt apply even with blue chips but for different reasons. SEO looks to me to have the potential to be really successful and in quite a rapid timescale. Given how good they have been at announcing news without the share price seeming to pick up in advance through leaks to the market, the next announcement may also give a good surprise one morning. In my view shorting this stock looks to be a recipe for losing ones shirt; interesting to see if events bear that out!

once again , sharesure. great post and thanks for the report and your thoughts. i agree with you entirely about seo's rns stragtegy.it does make me wonder if this is the reason for bringing the agm forward.looking back at previous years the agm is usually in early may of june. if they are hopeful of releasing news in may and june it makes sense to bring the agm forward. i think they know that the share price is news driven and if a fund raising is at the back of their minds, it suits them to try to push the price on by a steady flow of news. suits us too!!

Agree they seem to have a good eye for getting news out right, albeit as the chairman was at pains to say he makes sure that it is always on the cautious side which is reassuring. I really do believe him when he says they are not in need of a further fund raising, but that if in the future they do have to contemplate that, it will almost certainly be because of good news on the roll out front

Like we have said on here before there is no problem with fund raising in the future, it will be to expand or keep up with demand. It was a sore point at one stage when the sp was around 10p but not now.

sharesure - thanks again for the detailed first hand report - invaluable to be able to evaluate what was said face to face with the speaker and other directors present.

My reference to "mountain (or wall, as you have it) of worry" which I think you picked up on was intended as a positive note - all stocks and markets behave this way and SEO's ascent is no different.

Following on from your comments, I guess a new term for shorting stocks such as SEO could be "shirting"!

SD