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

Niggsy

Someone told me he was recently certified as mentally unfit, in a care home somewhere i'd presume.

Shamona et al

You are all going to be very disappointed BPRG'ers come January when the breach of confidence ruling is overturned on prior art grounds. Don't forget, the Judge Floyd ruling that barred the prior art from being admitted to the case is being appealed, and if Stanelco win, as I expect them to do, no damages will be payable.

Even without a reversal in the breach of confidence ruling, damages will be minimal. Such awards are based on direct losses, not losses based on 'what might have been, if...'.

It never ceases to amaze me how loyal you BPRG'rs are to a lost cause. Just take Wyeth not renewing thier interest in Swallo. Swallo needs RF to speed up production and reduce costs ,and without Patent Families 2 and 3, which Stanelco retain ( and will continue to retain after the appeal ), Patent Family 1 will be of little use to BPRG. If you lot think BPRG will be able develop an alternative process to those contained in Patent Families 2 and 3 in anything less than several years and at the cost of several million pounds - and that's if they can find a partner with the necessary expertise - then you are all living in cloud cuckoo land.

Anyway, carry on grasping at straws if it makes you all feel more secure in your BPRG investments, but if you have any sense, you'll re-evalute your strategy before its too late.

Take heed my insecure little friends!!

Sharesure

The Hardman report came out before the G Mondini and the acquisition of Biotec so that needs to be written in. If SEO do have to pay damages that will not be a problem, it will be a drop in the ocean against future revenues, may be SEO should buy out BPRG then that will be the end to it.

driver, agree about any damages, if there ever are any; I would think SEO can postpone those almost indefinitely and the richer the company becomes the more clout it will have to push BPRG to the edge, ....or over!
Take your point re the Hardman report; the Mondini deal does seem to be treated low key but at the EGM, Ian Balchin was confirming that it is a 'peach'
Anyway, back to CHP; if you aren't there, don't be leaving it too long

any particular reason why the cc has been brought up? are we due in court ? or do bprg holders have nothing else to talk about?

'shamona - 06 Sep 2005 13:26 - 8917 of 8927
Big difference between raising cash for acquisitions and raising for damages, who in their right mind would lend a loss making company 20 million pounds to bail it out? '

Shamona,

You've hit the nail on the head when you said 'a loss making company'. Even assuming the appeal is unsuccesful, any damages awarded will equate to the loss BPG have suffered - i.e. the profit SEO have made from the alledged infringement of patents rights. Given that, as you point out, SEO are loss making It is unlikely that this amounts to much, if anything at all.

There MAY, but not necessarily, be some costs awarded. The cost to SEO is likely to be fairly insignificant.

This is about deciding who has the rights for the future - there is no significant past damage to be reconciled.

Hi All,

I’ve just noticed that EVO issued a new note, last week (day of the EGM).
I haven’t seen it here, but apologies if this is a repost!

30th August 2005

A breakthrough for biodegradeables
Stanelco has enlisted Cargill, the US food giant, as a customer for Starpol
2000, its starch-based biodegradable plastics. Cargill is a key partner of Wal-
Mart. The deal boosts the credibility of Stanelco’s US ambitions.

At least 15k tonnes in first year
The company has signed a supply agreement with NatureWorks LLC, a subsidiary
of Cargill. Over the next year it will supply at least 15,000 tonnes of Starpol 2000,
the biodegradable starch-based plastic. Starpol can be used to make food trays,
films and carrier bags. The company has indecated prices per kg of $5 to $8,
suggesting first year sales of $75m.

Biotec: a rare bargain
The material is produced by Biotec, the German company bought by Stanelco this
year and then joint ventured in July with SP Metal of France. The $12.5m net cost
of that deals is starting to look a remarkable bargain.

Wal-Mart bangs drum for green credentials
On 17-19 October at the Sustainable Packaging Forum in Philadelphia, Wal-Mart
and NatureWorks will outline a joint presentation of their plans for biodegradable
materials. Wal-Mart sees its green credentials as an important commercial asset.

Potato-plastics are cheaper
But the rise in the oil price and the arrival of Starpol has also changed the
economics of biodegradable materials on their head. A year ago even the best
biodegradables still cost around twice as much as oil-based plastics. Now the
picture is reversed and potato-based plastics have become cheaper as well as
greener.

1c saving per tray?
We envisage that savings of 1c per food tray are realistic, including the top film as
well as the tray itself. Each tray-lidding machine handles around 6m trays per year
and there are around 60,000 machines worldwide. The opportunity for royalties is
therefore vast. We will try to quantify these properly in the near future but leave
our forecasts unchanged for now.

Greenseal slow but accelerating
It is fair to say that progress on sales of the Greenseal sealing units has been
slower than we hoped. But the arrival of Martin Wagner (from Asda) as UK
commercial director leads us to expect an acceleration. Meantime in the US the
company is in close talks with Wal-Mart and other major food players. Greenseal
and Starpol can be optimised to make each other more competitive.


:-)

Unfortunately with ADVFN crashing today, and the influx of their posters, all the old arguments with regard to the BPRG CC are resurrected. I was certainly of the opinion following the initial court ruling that the case would do SEO significant damage (my comments are in this thread somewhere) but now it is a complete red herring and nothing more than a distraction to the SEO management. BPRG 'supporters' should move on and stop grasping at straws for what has been a disastrous investment for many. SEO is moving into a different league.

pth

Niggsy and Shamona. Sent you back to the ether where you both say you live. Don't waste your breath any more.

Hi All,

Been having fun with the bashers from the dark side I see :))))

Good job the dark side is working again now, we don't need their kind of drivel and abuse on here.

Cheers,
PM

So the Judge stated in the SEO, BPRG court case summing up that a capsule could be classed as any type of small container. Not wishing to re-ignite the court case argument but please see things sensibly. A capsule could be classed as any type of small container....When a capsule is mentioned we tend to think quite rightly of something of the size you can swallow or of a size that contained something that itself can be swallowed. Would anyone class a ready meal container as a capsule. Also the technology is slightly different hence the patent argument not affecting greenseal . Anyone attempted to swallow a film sealed ready meal? ( yes I know that astronauts travel in capsules, thought i would get that one in before anyone else ).

Well done greekman. lol! I imagine these invaders coming from outer space in their capsules and swallowing themselves! Reminds me of insiderinside!

Eric

Dormar

Your knowledge of the court case is somewhat lacking, Stanelco have been found in breach of confidence; this is NOT being appealed.

What is being appealed is Stanelco's poor prior art being refused by the Judge, a 1950's handbook with references to sealing fertiliser bags was quite rightly rejected as too abscure to count as prior art.

As for only direct losses being awarded as damages!!!!!!!!!!!

I'm still laughing with that point of yours, lost business is what counts my friend nothing else. If I were a taxi driver and you stole my cab by your reckoning i'd lose nothing, simply staggering.

You also claim Patent family 1 is of no use without the other patents, this is quite correct but the other patents were classed as existing which means neither Stanelco or Bioprogress could claim ownership but both can use them(ie the rotating heads).

Remember Judge Floyd has already told Bioprogress to compile their damages claim so it's not going to go away.

greekman

It matters not what you or me think, the Judge has given his verdict regarding what is a capsule; any small container was his reply. Now I would class a food container as small wouldn't you? Worth noting that after the hassle this stolen patent has caused Bioprogress they may just throw a spanner in the works to delay Greenseal, it's been delayed in signing Wyeth and Cardinal so why not contest the food packaging patents as well.

In short Stanelco will have to pay large costs, huge damages and perhaps face lawsuits from Cardinal over Ingel and Bioprogress over Greenseal.

ptholden

Bioprogress is far from a disastrous investment as you put it, Nrobe commercialization will happen in less than six months, check out http://www.fmcmagenta.com/ for details.

It may have underperformed over the last year but as an investment it is very much a going concern, the fact it's vastly undervalued should actually be viewed as good news by retail punters like us; plenty of time to get on board.

Its valued at less than a quarter the value of Stanelco but is likely to make a profit before the latter, I know where i'd rather have my money.

As an anology, Bioprogress have ran 26 miles of a marathon and are in the finishing straight, they're in better shape than they were when they started and have the pot of gold in sight, multi billion dollar company or tired dud? Ask FMC, PERRIGO, AXM PHARMA, BOOTS etc etc etc.........

Shamona

...........sounds like some dreadful 80's vampire sound bite...........

Stanelco have mothballed the subsidiary company that was involved in the disputed patent case.

A food container small ? Discuss?

As a capsule is @ 250 times smaller(depending on the capsule) than a food container I would consider that a learned Judge would conclude that a food container is indeed large!

Damages if awarded won't be relevant against a dormant subsidiary company ........surely.

As another 80's band would say...........

.........You are clutching at straws!

ii, come back!!!!! all is forgiven!!!!! shamona, that has to be the quote of the century,

"shamona - 06 Sep 2005 19:57 - 8936 of 8937
ptholden

Bioprogress is far from a disastrous investment as you put it, "

and then to say

"As an anology, Bioprogress have ran 26 miles of a marathon and are ..."

i would agree that bprg have ran part of a marathon, up the hill and then way back down, but i see bprg as paula radcliffe last summer, shorts down, at the side of the road taking a shit!

sorry , i just couldn't let it lie.......

Cantlose

Bioprogress have been knocked back years by Stanelco stealing the patent, damages will be substancial.

20 million is the conservative estimate at the moment but it could be higher.

Wyeth alone are not singing till the cc is over, this on it's own is costing BPRG millions in delays; not to mention some staff being made redundant as a result of Stanelco's actions. Add in Cardinal and loss of competitor advantage etc etc....

Breach of confidence in a multi billion pound industry is treated very seriously in case you weren't aware.

bosley

After 8 years of development Bioprogress are a few months from Nrobe commercialization with FMC Bioploymer which is a billion dollar company, my analogy stands.

Bosley

Bad anology

Thought Paula won the London marathon!

Athens anology more appropriate...

Couldnt cope with the heat & didnt finish the race!

hi cantlose and the other dif ticks how much money have you lost must be?