Sharesmagazine
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Share Price   Awards   Market Scan   Videos   Broker Notes   Director Deals   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Indices   Forward Diary   Forex Prices   Shares Magazine   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Comparison Tables   Spread Betting 
You are NOT currently logged in
 
Register now or login to post to this thread.

Info required for report to FSA re Stanelco (SEO)     

greekman - 07 Jun 2007 07:28

Please post Date, Time, Heading of any news released in any official format by Stanelco than you deem relevant to above proposed report.

Thanks in anticipation.

Greekman.

cynic - 09 Jul 2007 16:35 - 62 of 101

fine by me if that's your view; personally i have no more view of you than the man on the moon ..... i shall scarcely lose sleep

keep holding them SEO .... you are sure to make your fortune!

greekman - 09 Jul 2007 16:43 - 63 of 101

Please people, this thread is pointless if things become personal.
My reason for creating this thread was to glean information and help re my complaint. My intention is not to take sides in any debate re hold, sell or buy this share. The SEO thread is more relative to that. It matters not to me what people think re this share. The input up to now has been very helpful in this fact, don't lets allow it to drift to the level seen on other threads/sites.
Not taking sides.

cynic - 09 Jul 2007 16:51 - 64 of 101

quite right .... smacked wrist accepted! .... lol!

oblomov - 09 Jul 2007 17:23 - 65 of 101

cynic - I dont need SEO to make my fortune - like many other posters here I've already made it. Stop being silly now.

When people make silly comments after the hours greek put in on this (and myself too) and say they haven't actually been following things it's pretty difficult not to get personal!

If you'd written a book and a reviewer said it was rubbish but he hadn't read it, what can you say?

lol - time to take a walk

greekman - 19 Jul 2007 18:07 - 66 of 101

Update.

Prior to posting the complaint I contacted the LSE and FULLY explained the basis of the complaint and the company involved. They did not ask where it was listed.
I stated that I was requesting their advice as to whom the complaint should be forwarded to. I received an E-Mail directing me to forward the complaint to the following address.

Regulatory Complains
Trading Services
London Stock Exchange
10 Paternoster Square
London EC4M 7LS.

Today I received a reply stating, from the above dept..... Thank you for etc, etc. Based on the information you provided it appears to be a matter more appropriately to be dealt with by the UK Listing Authority (UKLA) who as you will be aware, monitor releases of information in relation to Main Market companies such as Stanelco plc.

They have supplied an address for the above which is part of the FSA, which is the department I initially thought I needed to contact, but the LSE advised me otherwise.

So I now have to re submit the complaint and corresponding evidence. (Will do so this Saturday).

If the LSE when contacted give the wrong department initially, it does not fill one with confidence.

But I will not give up yet.

I will keep everyone posted.

oblomov - 19 Jul 2007 19:12 - 67 of 101


Thanks Greek.

kimoldfield - 19 Jul 2007 19:33 - 68 of 101

Hmmm, yes thanks Greek,................LSE, is that an abbreviation of Let Stanelco Exaggerate?

greekman - 20 Jul 2007 07:51 - 69 of 101

Possibly. In my last job the CPS was referred to as The Criminal Protection Society.
(See the Talk To Yourself Thread).

explosive - 20 Jul 2007 12:39 - 70 of 101

Just noticed this thread, well done Greek, in my view if you don't ask you won't get! Maybe also send a copy of the letter to the top corporate holders, you never know who may be willing to add support and weight.

greekman - 20 Jul 2007 13:32 - 71 of 101

Hi Explosive,

Thanks. I believe the corporate holders would be reluctant to back a complaint at this stage, as it would be an admission that they had got it wrong. My feeling is they will wait till the final moment (a possible suspension of dealings) before they act. That is not to say they will still be holders by then.
I am not saying this will happen but you never know.
All IMHO of course.

greekman - 26 Jul 2007 08:21 - 72 of 101

Confirming report was sent Sat 21st by recorded delivery.

Nothing to do with Stanelco complaint but may be of interest. You can win sometimes....I have just received a small amount of compensation from Halifax (won't go into the boring details) after threatening them with the FSA, now waiting for a reply from the Law Society re a complaint against a solicitor (connected to the Halifax complaint). So some you do win.

kimoldfield - 26 Jul 2007 08:26 - 73 of 101

Well done Greek, it's good to know that the 'big boys' don't always get their own way!

greekman - 26 Jul 2007 08:27 - 74 of 101

Kim,

See the Talk to yourself thread in about 15 mins. It takes some believing.

driver - 26 Jul 2007 11:12 - 75 of 101

.

greekman - 31 Jul 2007 09:45 - 76 of 101

Update.

Received acknowledgment from the FSA.

Thank you or your letter dated, etc,

If the UKLA finds that a company has contravened the listing rules, it is possible for it to be sanctioned by means of a censure, the details of which may be published. Information, such as you have provided us, is a valuable contribution to our work. However, for statutory and policy reasons the UKLA's investigations are strictly confidential and, unless they result in a public censure, the UKLA does not comment on specific cases.

We thank you for etc, etc.

The above is obviously the usual proforma type letter.

There is NO mention that I will receive any update, if No action is to be taken. I would have expected this to be mentioned.

Watch this space.

greekman - 17 Aug 2007 19:07 - 77 of 101

Update.

No further contact from FSA. (I did not expect anything yet).

Just to keep everyone informed.

Tonyrelaxes - 25 Aug 2007 13:18 - 78 of 101

Whilst I agree that those who have acted incorrectly should be brought to account, I am not so sure complaints against the Company and possible public censure of the company will help us.

Possibly the reverse. it could bring into disrepute the Company and the management, which is completely changed except for the new(ish) FD and dear old Liz.

Mind you, a public censure would not be a final glittering entry she would welcome on her CV. And she should have had the knowledge available to stop irresponsibility - or resign in protest.
But she did not, thereby giving credence to how the company behaved.

oblomov - 26 Aug 2007 08:38 - 79 of 101


I believe the merits of doing this were discussed earlier in this thread.

My feeling again, FWIW, is that the company would not be damaged for the very reason you point out above, Tony.

i.e. Since the period when the announcements complained about took place 'the company and management is completely changed except for the new(ish) FD and dear old Liz.'

I don't see that 'dear old Liz' is a good enough reason to hold back, however 'dear' you think she is. If there are victims in this story and there has been any wrongdoing she'll have to join the many other victims - those of us, including yourself, who lost a lot of money.

Investors deserve some answers - if the FSA decide there is nothing to answer, fine, Thats our answer - as investors we were stupid and not conned. If we were conned, however, we should be told.

greekman - 26 Aug 2007 17:12 - 80 of 101

Hi Toneyrelaxes,

As Oblomov has stated, this has been discussed earlier so it might be worth a read back. But I do agree that any inquiry into a company by any sort of regulatory body can (if that report comes to light) have a detrimental effect. Even if nothing comes of said inquiry, the no smoke without fire brigade etc.
But to reiterate briefly......If we allow companies to trade with impunity, where will bad practice end.
The FSA do make it clear that most of their inquiries start due to info from outside.
As to there being a different management, whist I agree that most of my complaint basis is regarding the past (management) there are still many questions that need to be answered. Cig filters, Greenseal, Wrap to name but 3. I have no idea where issues are with these although several time scales dates have long past.
If there are serious issues updates should have been forthcoming.
They may as well have said, We have a 12 month trial with *****, or we are in serious negotiations with some major companies re ***** and after the mentioned dates, deadlines we will inform our shareholders if the news is good but we won't bother if its bad.
It was suggested that to inform re serious problems would impede sales, but my answer was and still is....Any potential buyer does due diligence on the products they are interested in, as well as the company. Perhaps that is why take up by Walmart is so slow, almost to a full stop.

I am hoping re several updates in the results, but all I am expecting is much of the same stalling techniques, more fog, no clarity. If I am wrong (and I truly hope I am) I will be the first to admit it.

I will be on Hols the first 2 weeks in Sept, so will post on return, even if the update is No Update from the FSA.

Lets hope I come back to good results and a recovery in the SP.

Regards all, Greek.

greekman - 17 Sep 2007 14:06 - 81 of 101

Well back from Hols.
No update re SEO complaint.
Just read the results. Looks like as said, stalling techniques.
The problem is that whatever they say, we have heard similar before.
Register now or login to post to this thread.