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

Thanks bugz - most of my posts seem odd anyway, I'm sure!

This does not seem good news to me. If, as we had hoped, things were going to start to move I would have thought more staff would be needed, not less.

Sounds like his staying on as a consultant is purely part of a severance deal - not likely to be much actual consultation going on.

Maybe the 13 were those involved with Greenseal and Greenseal is dead.

A reluctance to communicate with shareholders, staff layoffs including at high level, no news of deals, cash problems. I know what I think, but I'll keep quite for now.

Angus, Baza has confirmed it. Presumably he phoned SEO. Thats confirmation enough for me, also if you look here:-

http://www.packagingnews.co.uk/subscribe.php

You can see there is a front page article on SEO.

Over to Alan for a positive view, please!

yes your right, you've got better eyesight than me.

This news is grim reading, just dumped most of my holding now this shares bad for your health man.

Why , can't we have a nice flow of just good positive news........
Would like to see who exactly has been given the push , so long as they are from dept's that won't significantly impact on roolout of the various products, I remain positive.
If Mr Robbins (formarly sainsbury packaging innovations something or other) has gone, unless we are told what exactly he was working on and who will fulfill his workload, there is no way to guage how this will impact. i'e is the move from RESEARCH to COMMERIAL ROLLOUT
from a personnal point of view, I think the initial reason he was taken on was re trials for packaging with sainsbury's --and that has gone by the by.
Hopefully onwards and upwards, at a reduced cost.
LOL

13 has not been confirmed but I dont think the number actually matters much. Its a number large enough to be described as 'cost-cutting.'

Cost cutting with a firm like SEO in the present situation means 'crap I can't pay next months phone bill! Lets sack some staff so we can.'

This is the reason for the drop for 10-12p down to 4-5p-the rumours went round the brokers and the price collapsed.

Having said all this, at 4-5p, the price of this share is a pure bargain considering what products and potential is here. Lets just bloody pray that some sales can go through soon and boost the coffers.

Oh yeah, to add, I like pain so I'm still holding.....a LOT more than I should be!!

I can't see it.

It's right at the bottom, you can make out "Stanelco readies for restructure" and something else?? looks like Revamps rolls??

What matters here is how many and from what part of the business they were removed. If it is a load of Greenseal engineers/fitters then yes we should worry. If it is those involved in the older parts of the business like fibreoptics or other non Greenseal critical roles then it should be good news. Could it be a move to close down the older side of the businesses totally? It could also have been a pre-condition of any future funding for the next stage of development and may have been enforced by an institution or bank. Why should they pour more money in to keep non Greenseal / Starpol activities going.

Although it appears negative at 1st sight we need to see the detail and more importantly have a proper update on Greenseal. Normally you would get this sort of news following some really bad news about the failure of a major project or withdrawal of a product from market. Maybe as usual SEO's shite management are doing it back to front as usual and the news that Greenseal is no longer being progressed will follow shortly. Lets hope not.

oops not bread rolls, I meant role's

Anyone know what the end of the sentance says??

Can anyone remember if there was an RNS released when Martin Wagner and Terry Robins officially joined SEO?

If so, then there should be an RNS announcing the departure of Terry Robins, that is unless the company has developed a policy of only trumpeting what they think is good news and withholding that which might be unpalable to shareholders - including the institutions.

The oily one

Robbins wasn't COO anyway; that's Martin Wagner's role. Think MW has some questions to answer since the PR of the company and its progress has not been good on his watch. Also Howard White hasn't exactly been 'Salesman of the Year' material. Met MW at the AGM and thought he was a bit full of himself - that's OK if you can produce the goods. He hasn't, and it is not as if he has had too little time. I continue to hold but not that willingly.

Sharesure

I've just sent you an e-mail.

Had a look at the Annual Report and Howard White is the MD, Martin Wagner is CEO, and Terry Robins is listed as COO.

Funny that, in most companies the MD is effectively the CEO, but then I'm only a yoga teacher, what do I know?

The oily one

Been trying to be positive about todays news, but it looks a bit grim.
The only thing is;
1) We do not know the exact story. i have no doubt at all that it is genuine, and I accept the posts at face value.
2) Why?
Big question that. They got rid of a director soem time ago (can't remember who), and that was done because his stage of the development of SEO was over. What if they have lost the staff that were involved in R&D of Greenseal, and marketing of it to Asda. I am sure that a large organisation would redeploy them, but SEO are small and probably unable to do that. What if they have lost staff that were very good at getting them to this point to replcae them with staff that are more skilled at moving them on again.
What if they have lost the staff they blame for the poor PR and trial delays / lack of progress? We have been asking for that for months!!
Not saying that any of this is the case. just playing devils advocate. Devils Advocaat is more my style though.
Alan

Alan, that's my slant.
Hopefully R&D is over and so ta ta and thanks for all the fish to those staff....
and onto rollout.
Then again they could be Fu@@ed and selling all assests.

Not my slant, tweenie. It's just what I hope it means!!!!
Alan

Just musing over what Martin Wagner said at the AGM about being a little naive with regard to the amount of time it would take to instal the Greenseal machines.

With the benefit of hindsight, I find that very hard to believe given his experience at ASDA in the food packaging business. If he did not foresee some of the problems associated with the installations then he really is an awful manager, And this man is CEO of Stanelco!!

By the way I am still holding.

What we need is a new man at the top. Now Charles Allen who is leaving ITV in a month's time will be looking for something to do. Pity the company could not afford him! Doesn't matter that he does not know much about packaging; he has superb management skills and a very quick grasp of the issues affecting any business. This is what SEO does not have.

The oily one

That's a good idea, just think what he could do, what about "I'm a Stanelco investor get me out o here!"

Right. I'll take it on the chin, like a man.
i have it on very good authority that Greensealed packaged foods will be available in Asda from a few weeks from now. The machinary that is packaging them is in its "proving" stage, and more machines will follow, providing it proves okay and subject to feedback.
Don't ask me who the authority is cos I will not tell.
Like it or lump it. i cannot substantiate it. Call me whatever you will. How everyone chooses to view this post makes no difference to me or my holding.
Alan

angus - LOL

Alan

I believe you and I know that many others will as well.

But "proving", this is a new word to describe what is going on with the machinery. How many more variations of the word "testing" is there in "Roget's Thesaurus" for God's sake? If it does not mean testing, what else can it mean? (Haven't bothered to look in Roget's myself - too lazy right now)

All I would like to know is, is the man connected to a packaging firm?

The oily one