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

The ''SEO said they aren't talking to anyone else..' story was completely unsubstantiated, and if I remember rightly, other statements made by the poster were quickly proved to be untrue.

I'd be surprised if SEO weren't talking to anyone else which is one of the reasons I suspected the genuiness of the poster. They have to be, and I'm sure they have said they were at some point though cant remember where and certainly cant be bothered to attempt to find it!

But, my point is, the statement is very likely totally untrue - if they aren't talking to anyone else - well that would be incompetent even by SEO's standards.

youngs salmon is available in most supermarkets. youngs also produce and pack own brand salmon for most supermarkets. surely, non-exclusive is a god send for a firm like youngs IF greenseal is something they want.

Exactly. Next few months either will or wont prove how good greenseal is. Its open doors time. If its good, and packaging houses want it, we'll all be alright!!!!

how could they talk to anyone else if they were stll exclusive to asda, would you be happy if you had an exclusive deal and they were talking to others. Ian baichin said to me we are not talking to others, but he did not say that there were none waiting in the wings for when exclusivity ends. Obviously now that it has ended they will be talking to others who have registered an intrest.

ssanebs,

The agreement was, and I quote from the RNS,

'a binding contract with ASDA for a 12-month
exclusive agreement for the application of the Group's GREENSEAL tray lidding
and thermoforming RF technology in the UK and Ireland'

The exclusivity refers to the 'application of' - that did not exclude SEO from holding talks relating to possible future contracts outside the exclusivity with ASDA.

I am sure that when I spoke to Ian at the AGM -he said that although they had an exclusivity deal with ASDA - it did not prevent them holding talks with AND demonstrating the product so that they would be ready to move once the exclusivity deal came to an end

Baza

Oblo,

Simply a typical SEO statement which leaves much to be guessed at. The detail would be in the contract, duly signed, and that document cannot be seen. So suffice to say, we don't know what limitations/restrictions were in place.

so what do you think guys and gals, anoyther 15,000 posts on the SEO bb all trying to understand what SEO are really saying, i think i will put my shares in the bottom drawer for 6 months and come back and have another look, we might have a couple of M/Cs in pack houses by then.

Regarding out of line time, food producers stockpile production before closing for a two week shut down for cleaning and maintance.

After reading all the posts I have come to the conclusion most of you should apply to Disney World for future employment. You are 101% sure of a job your imagination is beyond belief even they would be amazed how you come up with some of the scripts.

Has anyone worked or know anyone who works at food producers for the big supermarket chains? They may well make sense of what might be going on.

Regards
Gino

I worked at Shippams, who supplied Tesco, Sainsbury, Asda, Co-op and the MOD.

gary,

we know that the agreement related to ' the application...' etc, that is quite clear, unambiguous and documented in a RNS. The agreement WAS NOT that SEO would not talk to interested parties about Greenseal - that would have been commercial suicide and wouldn't happen.

It is obvious SEO would have been talking to others as they were hawking a Greenseal presentation around the conferences - again this is documented.

I'm an engineer for a food producer {multi-national} in the UK, but our products have long shelf-lives so stockpiling is not a problem. A 24/7 operation, we consider a day and at most two an annual shutdown. I'm assuming the clock starts ticking once certain "short shelf-life" items are packed, so stockpiling would be a problem.

Looking back at old RNS's I came across this one.

With the recent talk of commercialisation of the first machine (i.e. at the time of the AGM and in recent SEO ASDA exclusivity statements) I'd forgotten this RNS, in which it was announced that a contract had been signed with an unnamed ASDA supplier. The 'first commercial' agreement.

How can SEO recently have been talking about the first commercial machine when they announced it over a year ago? Is this why the 2 month extended exclusivity announcement ending with the first commercial installation was pulled from the website?




Stanelco PLC
23 May 2005

23 May 2005


Stanelco plc

Stanelco signs first Commercial Agreement with ASDA Supplier for GREENSEAL(TM)


Stanelco announces that following extensive trials it has now entered into a
formal commercial agreement for its GREENSEAL(TM) technology with a dedicated
ASDA supplier, endorsed by ASDA themselves. This first commercial agreement will
involve the conversion of a Mondini tray-lidding machine at the chosen supplier.
Stanelco cannot reveal the name of the supplier for commercially sensitive
reasons.


The GREENSEAL(TM) technology will provide a number of benefits for both ASDA and
the consumer including increased sales, reduced waste, longer shelf life, cost
reductions on packaging materials, energy and labour savings, as well as the
extensive environmental benefits.


Trials continue with other selected ASDA suppliers and Stanelco will announce
further updates on these when appropriate.

Tweenie,

Your earlier query re: Mondini was as you thought mentioned in the T&G report:

"Forecast profile
The Greenseal technology is fundamental to the future financial profile of the group and critical in this are the underlying volume assumptions for each retailer, supplier and manufacturer. Our forecast financial model is based on the following underlying assumptions:
....................................................................................................................................
5. That Mondini launch a new machine during 2006 which sells 50 units initially rising to 150 the following year and 200 thereafter.

Oblo,

Could be that SEO were a bit premature with their statement, and the "tooling longevity" issue etc proved that perhaps it wasn't quite ready to be commercialised!

We know that Grampian have a Mondini machine, Hitchen have at least one proseal, but had provisionally ordered 4......

The initial orders occurred within a month of each other leading quickly to the "successful" conclusion to the trials followed by a long period devoid of any mention of GS.

Its now make or break time for GS, but hopefully we should be hearing of some orders flowing in.

Oblomov

Thanks for digging up that RNS of 23 May 2005. I have copied this to a query file and will be asking for clarification about it in due course as I do think that today's announcement on the web site only serves to muddy the waters against previous RNS and other announcements.

I have also sent an e-mail tonight to the Martin and Howard asking them to respond to the one I sent on behalf of many investors who between them own several million shares, as soon as possible.

I am determined to impress upon them that they have to be a lot less cavalier and lot less vague with their announcements in the future.

The oily one

cheers garyble.

Just to prove its not only SEO, Asda are yet to reply to my e-mail regarding packaging issues.
Alan