Stanelco Share Discussion Threads

[debaleb] 10/5/2010 22:54

Is Masterson and his £35 a share still going to happen?

Is he still a holder?

[gnatschuff] 10/5/2010 22:52

he really is going to have to squeeze something fairly chunky out of his ringpiece asap to difuse what is potentially an extremely volatile and thoroughly unpleasant agm...

but then again having personally gorged on 600k+ whilst his business plan sucked the stanelco cash titty dry he can probably put up with a bit of back bencher pooh slinging... because of course he is able to chant the mantra that he consistently met management forecasts" !!!!!!!!

what a cardicanute.

[thecrownsucks] 10/5/2010 21:23

this brings back memories when qxl hit 0.2p..not sure if it went below that but a few months later it went to 0.8p ish in a couple of days then back down to o.3p before the big rise to 20p+

[grax] 10/5/2010 19:02

doc

'do you know that SEO didnt find they could get the placing at say 16p
The drop now is rather irrelevant.'

I can say with some confidence that there is no way whatsoever that they could get it away at 16p! but you obviously meant .16p in which case they would have had announce that at the same time as the cash call.That would represent a significant discount [at the time] and have been integral to the placement.

They might have pitched it as a price to potential investors but the subsequent fall in the share price undermines a lot of the value of the 'non-binding' committments they've had.

[rukinha] 10/5/2010 18:55

something is telling me, that we will see this stock suspended very soon :(

[thecrownsucks] 10/5/2010 18:01

just heard a rumour placing could be 0.5p...mught pile in tomoro for a quick 1 bagger

[the_doctor] 10/5/2010 17:50

grax

'Prior to the announcement of the intended cash call they canvassed interest[all in the announcement] so they knew the appetite or lack of it and should have pitched the discount etc based on that research.'

depends how prior really

do you know that SEO didnt find they could get the placing at say 16p
The drop now is rather irrelevant.

Perhaps they should have got the placing done first, yes, however, they had to say something with results.

Director pay I will agree with you on, although they'll say it's only a minor % of costs and they need good directors.

[bogeskey] 10/5/2010 17:36

What is biotec (50%) worth?. How much did Sphere pay for their half, maybe they would buy the other half, sell the rf business and just pay out the proceeds,
That way we would get something back and stop this cash drain filling the boots of this useless bod. Enough is enough.

[bulgarianpropertydoteudotcom] 10/5/2010 16:38

wolt looks like we had a narrow escape and read that rather well. Do i and when do i buy back in? thats the Q that keeps filtering to the top
Grax or mark I am kind of tempted to have a small wager that they could maybe perhaps turn this around and get the cash or even better a t/o, at these prices why not?
Taken over......... any body think that might happen eg sell of RF and get the rest for nearly fa

[sirmark] 10/5/2010 16:29

0.015 Is my bet

[bulgarianpropertydoteudotcom] 10/5/2010 16:10

0.187p at one time today, ffs what price they going to put these new shares out at

[grax] 10/5/2010 16:04

'You'll probably find that SEO had to announce the fundraising since hald the city would have known its timing. However, until they've canvassed interest etc they cannot name the price.'

Some of the city did know about the fund raising - it was they who initially supported the prospect but that was 9 months + ago.

Prior to the announcement of the intended cash call they canvassed interest[all in the announcement] so they knew the appetite or lack of it and should have pitched the discount etc based on that research. By not addressing it at that point they have opened up the doors to shorting/cold feet etc

Another example of either crass bad management or malicious intent.Who would be the beneficiaries of a very low share price [at which point the directors etc intend to purchase stock to the value of £135k]other than new shareholders [see director take up of 5% of required funding] and any potential beneficiaries of any incentive schemes struck at the same time.

[grax] 10/5/2010 15:53

A very bad decision is to refuse to address the overheads and the money each of the directors is taking out of the company UNLESS they get the cash call away.

If there is a need to address overheads why not immediately? why the gun to the shareholders heads?

[grax] 10/5/2010 15:47

Ok Doc, I'll give you the benefit of the doubt and work on the premise that you are a novice at these things.

If an acquisition is needed to get to critical mass why has it now been dropped in favour of organic growth? What message does that send out?

Bad decisions

They have refused to put out forecasts - yet they do have targets and forecasts - it was upon these internal forecasts that they awarded themselves bonuses of £70k for achieving said targets.

If the targets have been extrapalated by the FD how did they not see the ultimate need for raising funds?

Which of the potential companies they are 'working with' will be prepared to give a significant order to a company that may very well not be around to fulfill that order?

The decision not to promote the company or products.

This would be easier doc , tell me what good decisions have been made?


btw
'really?' Yes really.

[the_doctor] 10/5/2010 15:33

'The CEO has spent the last year single mindedly chasing an acquisition'

really?

Maybe an acquisition is what's needed to get critical mass?

'continues to make bad decisions'

Maybe it's just not a good business? or has just faced tough times?

Perhaps you could give some examples of these bad decisions

[grax] 10/5/2010 15:30

We are now searching for record lows for the company.

When PM came to the company it was worth about £40 million of which the company had £11 million in cash.

It is now worth just over £6 million in total.

The CEO has spent the last year single mindedly chasing an acquisition while taking the best part of £200k out of the comany [as did the FD]to no avail and yet he sits in, like an out of touch PM who can't accept he had his chance and failed, and continues to make bad decisions that cost shareholders further losses.

Get him out now.

[the_doctor] 10/5/2010 15:26

"grax - 10 May'10 - 15:22 - 21155 of 21155
You really don't understand the markets do you doc?"

grax, I've been saying for several months that SEO needed to raise a chunk of cash. You're the one acting all shocked and making over the top statements. Who isnt getting the markets?

You'll probably find that SEO had to announce the fundraising since hald the city would have known its timing. However, until they've canvassed interest etc they cannot name the price.

[grax] 10/5/2010 15:22

You really don't understand the markets do you doc?

The fund raising was known about for over a week [not the discount or the price etc SEO are happy to let the share price go to the wall while they decide what level for the cash call, which will mean the board must be planning an incentive for the directors at whatever the agreed level is].The share price has fallen 15% today alone - now, get this doc, nothing has changed. So your smart alec post is misplaced.

The company need to resolve this and quickly.

[the_doctor] 10/5/2010 15:15

'Where is the 'we know no reason' RNS?'

The reason is the coming fundraising.

It was known about in advance, so why the shock and panic from sellers?

[grax] 10/5/2010 15:10

Where is the 'we know no reason' RNS?

The whole market knows the reason.It's the same reason as it was in December.........the board are either negligent in the extreme or malicious in their intent.

The CEO has been swanning around with a cheque book thinking he was mister big time but was unable to back it up with the funds.His credibility is shot.He has less integrity than Gordon Brown.

[lwaxf13] 10/5/2010 15:08

I prefer the word crock. That's what it is :-)