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

some of the comments are not justified. I have lost over 150k in seo and feel the pain, but anyone who invests in companies that are bringing a new product to market must be dreaming if they expected no delays or hiccups. Asda are still 100% behind GS and will push the major suppliers to implement GS. And if they are demanding rigorous testing then i am not surprised, as they are paying for the machines. Mr Duggan states that there are no problems currently with GS and they are running perfectly in testing and all previous issues have been resolved, so i see that as a positive. When i mentioned WM,Perseco and macd's, he said they did not want to repeat old news which they could not update, so did not mention it. Yet a lot of investors are demanding to know why certain items were missed out. Yes the funding is definately an issue, and i would like the directors to buy stock, to show confidence to its shareholders. The Asda statement will have to be clarified next week as the exclusivity runs out on the 27th, and no doubt will be extended. By the way,rang seo to speak to mr Wagner, but he had returned from his holiday with food poisoning!

"...150k"!! Do you really mean GBSterling or Volume (above), Ssanebs?

Jeez, and I thought I was having a bad day - I don't feel too bad now!!!!!

yes

'Continued progress towards commercialisation of GREENSEAL technology with
successful trials completed with 3 major food packers'

Does anyone know how many machines these 3 suppliers are likely to have?

I know we were promised (?) 200 conversions via ASDA, but did we ever know how many packers those 200 machines were spread amongst?

I'm hoping someone will say '4 packers' rather than '200' !!!

Anyone remember all the problems james Dyson had getting his revolutionary vaccuum cleaner to market? The stupidly large amount of cash he had to borrow, the time it all took and the legal battles he had to fight?
Hands up all those with a dyson vac.
Thought so.
Just to balance the argument he also did a revolutionary washing machine that cost millions to develop and looks like a flop.
Alan

Aren't most washing machines 'revolutionary' Alan?

lol

Al
I havent got a dyson vac cant afford one.

i haven't got a dyson , either. i did buy something that works like a dyson but isn't a dyson and costs a fraction of a dyson . and it's purple...... just in case anyone was wondering what colour it was .......... not that it matters .......... but, you never know.

FTR, I haven't got a Dyson either.

I'm a little worried about Alan's analogy. Is he saying SEO are in/ going to end up in a vacuum!?!!

Joking apart, not only can I remember the trouble Dyson had, I'm so old I can remember the trouble J Edgar Hoover had, which is why they named a 'Dam(n)' after him.

How can that clean your floor anyway. Al must have big muscles lugging that up the stairs.

My actual loss is less than 100k, but the lost profit is in the region on 250k. Very disappointed, but see significant potential, just depends on whether the management are honest and have the ability to finally deliver.

Does anyone know if the likes of Grampian, Hitchen etc have a significant number of machines 100% dedicated to ASDA. If they haven't, could there by a double benefit: ASDA get green and reduced cost GS packaged goods, others see no cost benefit for a period of time, the packhouse sees increased margins to others for said period?????

PS: I own a Dyson.....Its very good and well worth it.

Wow is that SEO's SP actually moving up for a change or am I seeing things? have we hit bottom for now?

Don't think I'll complain any more!! was feeling sorry about the market falls but my entire portfolio is much smaller than the losses you guys have taken-all I can say is I stand back in admiration you must have been very very good when times were booming! maybe I should give up!

Angus, you've still got the summer to get through; I'm sure there's no rush to buy this stock before it suddenly becomes expensive again.

I could never understand why that Dyson washing machine flopped - looks OK to me!

I'm sssoooooooooo glad I raised that analogy.

Just had this back from Sylvia at Stanelco, as I thought the delay was due to the IFRS Regs, looks like they weren't holding out for a contract after all. No answers given to my other questions either.


Thank you for your email.

We have to adhere to new International Financial Reporting Standards and given the complexities involved, decided to have the Interim Statements prepared under these new standards formally reviewed by our Auditors to ensure compliance. This process extended our timetable by a few weeks. The reason for the error (the imss stated loss) was outside of our control.

We are continuing to work with ASDA and their partners to commercialise the Greenseal technology.

Please be assured we will update the market when we have any significant news.

Best regards

Sylvia

Good old Sylvia

mp
Have you got a Dyson

"We are continuing to work with ASDA and their partners to commercialise the Greenseal technology."

Isn't the technology commercial already? There is something unsettling in the way that is phrased. Does this indicate more development work? Is the technology unsuitable for ASDA in its present form? It sounds like a lot of "can you change this?" and "why does it do that?" Will the cash last over this 'commercialisation'?

Has this something to do with the statement in the interim results? : -

"The Group is currently considering its funding requirements and funding options for the next phase of its development."

Does this mean more share dilution?

Haystack
I wish you would stop panicking every time I read one of your post I get the shakes, chill out.