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

shamona, Everone that reads this thread knows about the court case, its not news so I can,t understand why you keep going on, and on,and on,and on,and on, and on,about it.

roma

Because their are some here saying it's of no concern when infact it could break the company.

Rubbish.

anything to back that up with Shamona or just your wild 20m prediction ( unfounded ) as a settlement figure.
Feel free to post with facts and we will listen. Otherwise please keep quiet.
You might be right, you might be wrong but facts are the way forward here.

Shamoaner

You do talk utter crap. When the CC was first heard (and I won't go into who actually won what) whilst the SEO SP was in the 4p-6p range compensation of 1M were been discussed on various BPRG threads. Now that SEO is moving on with a SP of 19p-20p the compensation will be 20M. I assume that as the SEO SP rises the amount will continue to increase? Whatever the outcome of the CC, it will not break SEO and for you to believe so shows your desperation. Rather than resting all of your slim hopes on a BPRG revival on a CC that will go on for some time yet, why not try to find something positive in BPRG, the company. By the way, even if the CC goes against SEO and compenasation is awarded, I would imagine SEO will contest any significant amount, so don't expect to see a resolution in a hurry.

pth

Why would SEO pay out 20m, for another 15m they could buy out BPRG stop being silly Shamoaner.

No comment on the biodegradable coffins then?

Dead duck?

Tonyrelaxes
What is the cc or biodegradable coffins

Cardinal payed Stanelco 500,000 for a 5% stake in Ingel back in 2001, they since upped thier stake to 10% with another 500,000 valuing Ingel at 10 million pounds in 2001 just after the patent was stolen.

Add in the fact that confidence has been breached and the Bioprogress business made to suffer delays, hassle's, cost of lost management time, loss of business from Wyeth and Cardinal, employee jobs lost, share price affected etc etc.........

This is a serious business, stealing inventions is not like stealing a car where the offender gets a slap on the wrist for his troubles.

ps Cardinal will want that money back plus interest and costs, expect another lawsuit to follow this one.

Sorry I forgot the Bioprogress court costs which Stanelco will also have to pay, estimate is between 1.5 million and 2 million; getting costlier with every delaying tactic Stanelco use.

A precis below of Tom Bulfords comments on the SEO/BPRG spat over several months.

Dont believe it contravenes copyright but no doubt MAM will remove this post if they believe otherwise. BPRG have even been ordered to pay some of SEO's costs.

The figures and Tom's view are NOT in line with Shamona's. I know who I'd rather believe!

-------------------
Contrary to Bioprogress's PR spin, the
judge's verdict did not give it anything like a comprehensive victory.....
......of the three families of patents under dispute, the judge
found in Stanelco's favour for two of them.

The case has cost Stanelco 600,000, and it expects to pay a further
400,000 towards an appeal and Bioprogress's costs. This extra amount
will be more than covered by last week's exercise of options by Ian
Balchin, which will raise 1m for the company.

Rival BioProgress's spin merchants have put out another misleading statement concerning Stanelco's liability to pay its legal costs. Howard White,
gave me details of the costs of this case, and suffice to say that
Stanelco has all the necessary cash, but in any case intends to appeal
against the judgement.

In the
latest twist of its dispute with
BioProgress, it has been granted leave to
appeal over the findings made against it.
BioProgress was also ordered to pay 9,750
towards Stanelco's costs for this hearing
and an earlier application.

shamona-why-let-facts-get-in-the-way-of-truth, it's shocking the absolute bollocks you pretend to be fact. here is an rns from december 2004, long after the initial cc.

"Stanelco PLC
07 December 2004

7 December 2004

Stanelco PLC

Re: InGel Technologies Limited

Stanelco plc, the RF (radio frequency) applications group, is pleased to
announce that it has agreed a modified deal with Cardinal Health in relation to
its investment in InGel Technologies Limited (InGel), the Stanelco subsidiary.
Cardinal Health will continue to invest further in InGel shares, in the near
term a sum of approximately 410,000, and depending upon certain criteria being
met within two years, a possible further investment of up to approximately
410,000. As a result of this transaction Cardinal's ownership in InGel would
increase in the near term from 5% to 7.6%, and if the further criteria are met,
to 10%.

Commenting, Ian Balchin, Chief Executive of Stanelco, said: 'This is good news
for Stanelco and we intend to apply the proceeds towards commercialising the
Company's RF sealing technology.

Stanelco's main focus at present is upon the commercialising of its RF
tray-lidding technology for food applications - which is completely unconnected
to the litigation with BioProgress. We have production trials commencing with
several large packhouses over then next few months and we look forward to the
results of these during the first quarter of 2005.' "

now why would cardinal continue to pump money into ingel if they intended to sue.

"ps Cardinal will want that money back plus interest and costs, expect another lawsuit to follow this one."

also, greenseal has been confirmed by many knowledgeable people as being free from any patent claims. we all know about the cc and its possible outcome and implications. but please get real; if bprg start stamping their feet wanting a ridiculous amount in damages seo will simply appeal and delay. take a good look at bprg. how much longer can it survive? judge floyd gave seo leave to appeal any damages claim , which is basically saying to bprg not to be silly trying to claim unreasonable amounts. personally , i think they deserve sod all.

"judge floyd gave seo leave to appeal any damages claim "

No he didn't!

Bioprogress has cash for two years and is going to commercialize Nrobe early next year, see www.fmcmagenta.com for details.

ps If Stanelco's costs are 600k how on earth do they think the Bioprogress costs will be less? The BPRG team are the best and costliest in the country!

Oblo

That is an old outdated piece, we all know Patent family 1 is the only one that matters as the other two patents were ruled to be owned by neither which means Bioprogress can use them; so to state Stanelco won them is false.

The judge infact asked Bioprogress to compile their damages claim for the breach of confidence, the appeal will not hold up this process as it's not connected.

breach of confidence has not been appealed

bollocks.

"Stanelco PLC
21 March 2005

21 March 2005

Stanelco plc ('Stanelco')
Stanelco wins leave to appeal

Stanelco RF Technologies Limited, a subsidiary of Stanelco, the RF (radio
frequency) applications group has been granted leave to appeal over the findings
made against it in its long running dispute with BioProgress Technology Limited.

In the hearing at the High Court on Friday 18th March the Court also stayed all
further proceedings relating to the dispute, including BioProgress' claim for
damages and the process directed at implementing the judge's initial finding
until after the appeal is heard. BioProgress were also ordered to pay 9,750
towards Stanelco's costs for this hearing and an earlier application by
Stanelco. BioProgress were also given leave to appeal the court's trial
judgement. "

Some of you are so biased you're willing to listen to untruths rather than face facts.

I suggest you read the publically available court summing up papers.

This is so boring ZZZZZZzzzzzzz

bosley

That was written by Stanelco and is factually incorrect.

shamoaner

You have had your say, alerted us poor deluded folk to the fact that SEO will be out of business courtesy of the dispute with BPRG. I will be sorry to lose my investment, but hey that's life. Now please disappear until the results of the CC are determined by a Judge rather than by a self proclaimed expert such as yourself.
No doubt not only are you a successful investor of 30 years (with the exception of BPRG) but a fully qualified barrister as well?

Ta Ta

Shamona,
If we said we all agree with you, will you piss off.