Stanelco Share Discussion Threads

[kmann] 02/6/2010 18:10

tonyrelaxes, sorry to read your position.

My post was meant as a possible warning taken from general experience, (my crystal ball could see the same thing happening here if/when they list in on AIM - look at bioProgress / meldex)

maybe, if your looking to get your money back, you could consider an investment elsewhere, but if you and others are convinced by the company, the board, the products and the future proposals go ahead - not an easy dissicion for some, it depends on your circumstance I suppose.

Talk it over as much as pos, and do as much research as you can.

It maybe the AIM listing will be benificial - for a short time.

Good luck whatever you decide

[vaneric] 02/6/2010 17:35

That's the problem tony, lots of cries to have the captain chucked overboard but no suggestions as to who would replace him, he's too expensive they say but I doubt they could find anyone cheaper with better expertise, maybe Gordon Brown would do, he needs a job where he can squander other people's dosh now he's run out of the country's money. :-) V.

[tonyrelaxes] 02/6/2010 17:23

kMann
We are not delisting FROM Aim.
The proposal is to delist from the main market lists TO Aim.

I too am disgusted.
Sadly we have no voice.
My own £400+K investment here a few years ago now amounts to a very small holding barely worth them having me on their mailing list!

I'll join the revolution, but cannot lead it.

[2pearly] 02/6/2010 15:54

The board wanted to do a consolidation this time around but it was pulled as being too much all at once.Even the advisors that SEO use could see that it would have been a nail in the coffin of the cash call.

I have no doubts that it forms part of their plans once they move the company to the 'wild west' that is AIM.The 'flexibility' that they talk of when referring to moving to AIM is exactly these type of things where they can cut out the shareholders in the decision making process and do what they please.

I'm voting against it as the AIM part makes it stink to high heaven.

[fl4nders] 02/6/2010 15:54

I agree with you kMann - I have thrown my money at too many of these offers and not one has come good. I just end up more out of pocket.

So its a X from me too

[kmann] 02/6/2010 15:41

Is anyone else NOT prepared to go with the RI.

I have witnessed other companies do a rights issue,(mostly used for "admin purposes"!!!)
then a they do aconsolidation,
then the price plummets,
then they de-list from AIM due the cost(apparently it's £100k per year to administer)
There is always a promise of better things to come

They should have fullfilled expectations by now - they not because nobody wants the product or wants to deal with them.

Unless someone can convince me otherwise, it's an "I'm out" from me!

[2pearly] 02/6/2010 12:50

Mylogic is that the law of averages MUST play a part at some point.Even with this crowd of greedy gravy train riders at the helm there must come a time when a decent order gets signed.

The share price performance under PM has been so disastrous that it must be due some sort of upward momentum at some point regardless of the boards constant efforts to kill it.

The product is good, the market is ripe and all the expectations are that legislation will drive some customers into our arms at some point [company may well have been taken private by the time that happens though!].

Forcing sellers of your own stock is yet another massive own goal in my book.ISA holders have seen their investments decimated and now face a choice of getting out now with what they can [lost another 8% yesterday with the .01 drop]or waiting in and being subject to a forced sale at whatever price the MM's want to take the stock off their hands if it goes through.

It is these sort of decisions that highlight how little they think of their own shareholders and how naive they are when it comes to the stock market.

[lwaxf13] 02/6/2010 12:38

I won't be subscribing to the offer. Good money after bad springs to mind. A company and board with a history of astonishing failure wants my cash to carry on business as usual .... err tough decision. I think not :-)

[2pearly] 02/6/2010 12:18

The latest time and date for acceptance and payment in full under the Open Offer is 11.00 a.m. on 11 June 2010

[2pearly] 02/6/2010 12:15

Isn't it 11th June? [Did anyone elses broker ask if they wanted to take up more than their allocation?]

[2pearly] 02/6/2010 12:14

Why, in the prospectus under RISKS doesn't it say

There is a risk that the existing directors will continue to milk the shareholders for all they can while continuing to fail to close any significant deals or to be open and honest with said shareholders about what they are up to.?

We've got 'The Group may fail to develop new products
The future success of the Group is dependent on new product development over the coming years. If the
Group fails to successfully design and introduce new and improved products it is possible that the Company
may find that its current product suite becomes obsolete and unmarketable.
The Group may fail to commercialise new products'

Which is what has been happening for 3 years now.

Anyone heard anymore from our caring and understanding board about the damaging impact of going onto AIM and what they are going to do to avoid all the PI's with ISA holdings having to be forced sellers?

No,thought not.

[jwoolley] 02/6/2010 12:13

You have read it right van....I have also given my instructions this morning...

[vaneric] 02/6/2010 12:11

My broker posted it up yesterday and I've given instructions this morning, closing date for them is the 6th June, 9th June for completion if I've read it right.V.

[t 34] 02/6/2010 10:40

Dealing in rights issue?

Will it happen and when?

[antline] 01/6/2010 13:51

Paul mines hasn't got a clue

[an0n1] 01/6/2010 13:29

I don't hold, but for any nominee holder who has never been to an AGM, you need to ask your nominee for a "Letter of Representation" and provide the following details;

- Venue:-
- Date:-
- Time:-
- Registrars details:-

and they should (in theory) provide an authorisation to attend the AGM and vote for XYZ shares.

[tonyrelaxes] 01/6/2010 12:48

Beating the table of a BB is of little effect. Preaching to the converted!

It needs a more organised approach and campaign, obtaining support and proxy votes from all of a similar mind and a calm, reasoned (and probably scathing) shareholder representation prior to and at the Meetings.

It would certainly need some major shareholders to join the support to get anywhere near being able to win the vote. However a sizeable % can till have considerable clout.

Some will remember a few years back we informally got the support of over 20% of shares (if I recall the figures correctly) and went off to see them. That came to nowt as they promptly diluted us by doubling the shares in issue via a Placing.

I have the incentive but, sadly, neither the time nor the detailed knowledge - and eloquence. Any takers?

[vaneric] 01/6/2010 11:01

Chick, I meant to put a smiley in my post, I guessed what you intended to say but this line says the opposite "I for one will ne voting against the AIM listing and the removal of Mines" V.

[ch1ck] 01/6/2010 10:22

Van

I want to see Mines take some responsibility for this decline, not only of the share price but in the minds of investors and the market. If he won't step down then he needs to recieve a wake up call via a vote of no confidence and boot him out with out a golden hand shake.

Tony

That is bad news as I will vote against the resolution even thought I am only anti the move to AIM.

Once again it looks as if there is a secret agenda to force throught these changes. I would imagine the change of Articles and the issues of shares is bound to the funding pledged already. It may be the AIM move was part of the deal.

The AGM will be heated