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

Oblomov,


My previous post was (I never believe anything our PM says. Didn't even know he posted) Was a veiled reference to our PM..Prime Minister.
I was trying to be funny, obviously I won't give up the day job.

OK back to the PM on his own site. He is still posting the same comments of a couple of years ago, and yes he may end up being right but like you very much doubt it.
I do believe that when he was forecasting 35 per share, he did have faith that that price would be reached.
The thing is having followed his posts for eons, I believe he has a large amount of cash invested in SEO. With the sp as is there is nothing else he can do except to ramp this share as much as possible hoping to cut losses.
And yet, some appear to believe him according to their posts, or more likely they are in the same boat, assisting him with the baling out before the SEO boat sinks.

PM was always over exuberant, and probably still is. But in his defence, it looks as though he was as duped as the rest of us.
I take comfort in the fact that many people much closer to all this must have been duped as well.
I doubt Elizabeth Filkin was complicent in this for a mere 20 grand. I doubt Asda & WM would spend a year testing at God knows what cost had they been aware of the facts. T&G would not take on a cig filter auction for free had they known it was worthless. Perseco would not waste any effort on trialling a dud product. The various institutions would not have invested millions if they had the facts as we now think we know them.
Conclusion; Either the SEO board are conmen supreme or there is still much going on about which we have no idea. Could that be the silo story? I have no idea. And I can pull no positives out of it. The only thing I would treat as positive at the moment is an EGM to tell us the exact current situation and a full explanation of how the company went from its position 2 years ago to now. That at least would show a little honesty, which would be a start.
Alan

Sorry, Greek - missed the joke completely.

I know PM is as big a ramper as the other PM (TB), but wouldn't it be a little silly of us to miss something positive at last in the SEO story merely because it came to light through PM's site?

What I posted above were not PM's words - they were from two articles from German and French publications.

The First, from NRZ translates as follows (according to Google!!!):-

'Only Biotec, then Merkel

ECONOMY. Emmericher businesses gets on in big style into the manufacture of materials for biodegradable bags in July. For five million Euro was erected a silo-installation.

EMMERICH. The prominent figure follows immediately one after another at the Emmericher business "Biotec" at present. The leadership-top of the company-giant of "Walmart" informed about the production plans at the Werner-Heisenberg-Stra only lately. A French film-team turned with Biotec. Even the French president Nicola Sarkozy didn't pass the Emmerichern: He looked at products like garbage-bags and tote bags near "Sphere" in Paris, that are produced on basis of Granulat of Biotec, - before he paid Chancellor Angela Merkel a commencement-visit at all

The reason for the excitement about Biotec is that the company will produce a Granulat from end July in the big style in Emmerich as material for biodegradable plastic. A circumstance, that will still provide many fuss on the French market. Because plastic bags are from 2010, for example, and - sacks, that are based on oil, prohibited, Italy pronounced a prohibition even already for 2009. "Sphere", the French mother-company, recognized the perspective, Biotec bought years before one and a half and will produce garbage-bags in his/its factories from the Granulat.

"Perspectives are great"

Biotec has all trumps in the hand. The company produces as plastic-basis Granulat from potato-strength. The preferences: It is about a growing back raw material - some expert fears, that there won't be any more oil in 30 years: The plastic then would be in the end. By oil-suppliers and oil-prices, an independence is attained. Bags from the Biotec-Granulat have similar qualities like plastic. But an essential advantage: "Bio-plastic dissolves in humus after two weeks, Biotec-Chef Harald Schmidt expounds. And: The manufacture of the Granulates is non-polluting.

"A big market and we is built now gets on big, Schmidt looks into the future. "In three years, bio-plastic bags will be more affordable than plastic-bags." In the past, Biotec essentially had devoted itself this Bio-Granulates to the research. "Why should we not earn also money with the production?", tell yourself Schmidt, Inventors of this material. Biotec names 250 patents its own today.

At first, Biotec would like with its 47 co-workers, produce 100,000 tons annually ten strengths of temporary work-companies and with support of Convent with the logistics. That the fully automatic production is high-driven, is foreseeable. Also at the jobs, something will then do. Schmidt: "The perspectives are great."Five million Euro invested Biotec into the erection of a new production-installation. The new installation near Biotec consists of nine silos, that are 15 meters high in each case and have a diameter of three meters. 500 tons raw material fit in. Potato-strength is in-pumped as powder - on the end comes out Granulat again. That becomes at the processor, with Biotec is this above all the French mother "Sphere" - passed on. Sphere produces tote bags and garbage-bags from the Granulat, for example. End of July, the production should start. Biotec has beside the French mother "Sphere" in Paris another English 'mother' since one and a half years incidentally: "Stanelco" in Southampton. '

The second, from Le Marne Agricole, here:-

http://www.reussir51.com/public/index.php?a=ficheDetailArticle&codeArticle=GBN2C0AR

Translation here:-

http://translate.google.com/translate?u=http%3A%2F%2Fwww.reussir51.com%2Fpublic%2Findex.php%3Fa%3DficheDetailArticle%26codeArticle%3DGBN2C0AR&langpair=fr%7Cen&hl=en&safe=off&ie=UTF-8&oe=UTF-8&prev=%2Flanguage_tools

The gist of this all being the manufacture by Biotec of 100,000 tons of bioplastics per year - is SEO's 50% share of this anything to get excited about? Bear in mind this news was released from Sphere, not SEO!

PM has this down as a 23m annual profit for SEO - say no more!

Alan,

I fully agree PM was duped like most of us, me included. I think he is really hurting money wise, that's why we get the continual ramping. I don't blame him, the trouble is some appear to soak it up. It may be a case of some being in too deep to face the truth, smell the coffee etc.
And yes some honesty from SEO would be nice, but not holding my breath for a RNS giving clarification, of what went wrong.

Oblomov,

I fully agree we would be silly to mis out on something just because PM posted it, that is why I still read his posts.
I also give him full credit for all the research he has compiled over the years.
He must have spent many hundreds of hours researching Stanelco, with the result of some very valuable information especially in the early days.
Most of his information was accurate and very informative.
His prophesies and conjecture was not so accurate. Hindsight as they say is a great gift.
He was probably (because of his in depth research) duped more than most.

Yes Greek - but what do you think of the Biotec news!

OB,

Would like to believe it, but it's a bit like stroking a dog (not a pun on what some people call this share) . If it's previously bitten you your more likely to leave it alone.
Perhaps a bit paranoid where SEO is concerned, but to be honest not sure.

The question is; Which side of the conclusion do we fall into?
Were Asda, WM, Perseco, the institutions, the FSA and us all conned by a team whose story would be rejected for Oceans 14 as too far fetched, or, is the silo story something that was known long, long ago by these people and not yet ready for general release, but is the start of why all these people got involved?
Huge silos do not spring up overhight. They are planned, applied for, designed and constructed. If they exist, the ball started rolling well before the 0.8p placing.
Did the potential contractees like Starpol or its derivitives, but think greenseal was a waste of time and money. Were the mmu's abandoned because Biotec could show that a huge increase in production was planned that would supply all SEO's needs, making SEO contractually obliged to abandon licensing and mmu's?
The silo story raises more questions, few answers and the opportunity for SEO to spin an even better yarn, if they are indeed a bunch of crooks.
Alan

Alan,

I don't think the proposed end customers were conned, as the product did look very good as a future cost/planet etc saver. I agree re your more questions than answers. The trouble has always been, shortage of answers.
I rarely sit on the fence, but re the silos, I haven't a clue, true or false.

Greek.

And yet I have it on good authority that in September 2006, Asda were still intending to roll out GS and Starpol, following exstensive trialling!!
What happened since then? I have no idea, but something must have gone badly awry.
In the 9 months since then there have been many board changes, Starpol 3000 has never been heard of again, GS is dead, wrap100 has gone strangely silent, no-one is interested in the filters, the SEO website becomes a joke, the SP has boldly gone where no SP has gone before and the management are reluctant to talk to anyone.
Call me a suspicious sort, if you like, but institutions taking a large financial stake, followed by board changes, followed by every plan ever in place disappearing into the long grass may not mean half truths and fictions being told to potential customers and investers alike, but it certainly has the same smell.
There is something wrong in the entire operation / formula. There must be. It must have come to light late last summer and made GS and Starpol almost useless to the end user.
On that note has anyone noticed the subtle change from corn starch to potato starch?
Alan

In PM's defence (did i just type that?)
THe silo's are real and more importantly they are part of BIOTEC and more in line with SPERES continued growth than any plans put forward/lied about/promised by SEO.
SEO do own 50% of BIOTEC and thererfore should get 50% of any profit.
i'll sit and wait end of JULY is'nt that far away and the THRUTH will out.
hate to sound like the X-Files.........BUT TRUST NO ONE.
If (by IF I mean Spere and BIOTEC) pull this off they will have rescued SEO from the Shitpit it has put itself in and I will bail out.
there's a part of me that genuinely believes this company should be put to the knife, however, i would like my money back.
3p and out by xmas.
:-)

Yes noticed the change from corn starch to potato.
This may be a good thing due to the bad publicity of late re that the move into corn starch bio use is effecting the supply of corn as a food crop in third world counties. Potato change of use is not expected to have the same detrimental effect on the food chain.
Who knows anymore.

If this were coming from SEO I'd take little notice of it, for obvious reasons. But I have no reason to believe Sphere are tarred with the same brush as SEO spin-wise.

If the 100,000 tons happens and SEO benefit, it would have been by luck, in my opinion. Maybe the purchase of Biotec will prove to have been the one good move in SEO's stratergy.

It may also have been the reason for Schroders getting involved and not the MMP's and Greenseal as I had believed. Maybe they're more shrewd than we give them credit for.

As I understand it (and I may be wrong) potato is the way things are likely to go because of the effect on the price of other food products if corn is used. The use of corn is far more diverse in the food industry than potato and its worth as a material in biodegradable applications would raise the price of bread, pastry, cereals, etc etc.

so maybe the irish got it right in the long term after all - when they were dishing out the land.!!!!!

Yes Oblo, but what about my chips????
Our local chippy already charges too much.
;-)
Alan

I won't get too excited about anything at present, not so long ago SEO seemed to intimate that they would go it alone with Biotec's products in USA and there appeared to be a bit of a falling out with SPhere; for that reason it would not surprise me to see SPhere and Biotec excluding SEO from their future plans knowing that SEO probably could not stand up to another elongated court case. I hope I am wrong. Despite thinking that I would sit it out with my remaining 400k, I have reduced to 100k as I wanted to put my cash to better use elsewhere; I will now sit it out with the remainder and hopefully will top up on the news that the present management will have undergone a lie detector test before releasing any 'good news'!

I do hope the K stands for shares and not . If it is 100K lend me a bob for a cup of tea.

I know what you mean, Alan. Hard to find a reasonable carpenter down here as well.

Touche...........

The new boss at SEO has put out one RNS it hurt the share price yes. But at least he told the truth, so it gives me hope that in the future, we can belleve him, is he brave or a fool. Me i will give him a chance.

Jimward9,

I agree he may have told the truth, but some lies are told by keeping stum on certain points, as the known facts then if not defended tell the lie. What is the issue with Greanseal, Starpol, Cig Filters etc.
What is the current state of affairs. Something is wrong with these issues but WHAT.
If we had an explanation of what had gone wrong, he could have started with a clean sheet, and yes then I would be more prepared to give him that chance.