Stanelco Share Discussion Threads

[lwaxf13] 11/6/2010 18:44

I am going bullish now on this stock. No-one could drive a stock into the floor like this, go for financing and not have a cunning plan :-) Errr, could they? I say FTSE 100 by Christmas. You lot can rubbish SEO all you like. I say top stock ....

[conc2] 11/6/2010 14:05

well SEO soon to have about 6 million in cash and at this share price a market cap of about 7 million
Odds on for a good rise if the offer is taken up . IMO

[2pearly] 11/6/2010 08:34

So what are the odds then?

The previous confidence about getting the fund raiser away is ebbing as the share price shows no sign of life and there is a queue to get out at .13p and those previous 'non-binding' comittments are not looking so strong as they may be able to buy the stock cheaper any day now.

PM has failed to deliver anything to hammer home the benefits of taking up the offer to all those that were expecting some sort of positivity and news.

If he gets it away I reckon the share price could move north a bit but I personally don't believe, even then, that we would see any real movement.That will only come if he ever signs a deal.Even if he does get it away there will still be loads of sellers who are being forced to close their ISA's even if they wanted to hold.

If he doesn't get it away then we are well into the .00's as people offload and get whatever they can.

[2pearly] 10/6/2010 14:09

'seems' is the appropriate word.Not so keen once the invitation is extended to meet up.

[wolterix] 10/6/2010 14:04

ah, yes a splash of colour

he seems keen anyhow..!

[2pearly] 10/6/2010 13:55

a punch up at a wedding?

I'd get my morning suit bloody for him,that's for sure.

[2pearly] 10/6/2010 12:12

I've got a horrible mental picture of Clive Warner walking into Paul Mines office in November 2008, scratching his head and saying 'I've been going over the figures Paul and if you keep on spending the way you are at present and failing to sign any significant contracts we will be running out of money by 2010' before adding 'and as for this egotistical plan of buying another company and changing the stanelco name and branding well that will take us to the edge of bankruptcy'

The next vision I have is PM picking up the phone and saying 'Hello Sue, how do you fancy a big ol' salary and bonus?........no,no there is not a lot to do......no forecasts or any of that kind of nonsense..........money? oh we'll just mug the shareholders when we need some,I'll tell them we are doing trials for blah,blah,blah and that'll give us enough cash to ride the gravy train for another couple of years.................of course you don't have to buy any shares.........you'd be mad if you did but when it comes the next fund raiser we'll pay ourselves a bonus and use that to bung into the pot to keep those annoying PI's sweet'

'don't worry about the chairman I've got him wrapped round my little finger, he'll do whatever I tell him to,he just relies on me to sort everything out and as long as he gets his £40k a year for his one day a month he's happy'

[johncsimpson] 10/6/2010 11:52

Don't I remember that said Mr Mines paid off the old Financial Director with a £100,000 'golden goodbye handshake'. Probably money well spent - truth is we'll probably never know

It's just like monopoly using businesses instead of property.

From the 'Community Chest' renamed 'Company Funds':

"Your business is floundering but your expenses have been favourably reviewed. Take £10,000 from the Company Funds.

[2pearly] 10/6/2010 10:07

OFT launches underwriting probe‎
10 June 2010

The OFT today announced plans to undertake a market study into equity underwriting and associated services, and sought views on its scope.

In 2009, companies raised an estimated £70 billion of equity capital in the UK, paying an estimated £2 billion in fees for equity underwriting and associated services. Initial discussions have confirmed that there is some dissatisfaction with these services among corporate users of the market.

The OFT proposes that the market study, which will commence this summer, should take a focused look at rights issues and other types of equity-raising by the 350 largest UK public companies, to consider whether users' concerns are justified. It intends to assess:

- How underwriting and related services are provided, including the level of competition for the work and how these different services such as advice, arranging the issue and the actual underwriting are sold.

- How underwriting services are purchased, including the information available to buyers and the incentives on them.

- How the regulatory environment affects the provision of these services.

The OFT is asking for views on the proposed scope of the study, such as whether to include aspects of capital-raising by companies whose securities are traded on the Alternative Investment Market (AIM) or initial public offerings (IPOs).

Clive Maxwell, OFT Senior Director of Services, said:

"Economic growth and productivity rely on companies being able to raise capital efficiently for investment. We plan to study the efficiency of the equity underwriting market and identify any areas for improvement.

"Our study will also help us to advise the Government in its wider thinking about wholesale financial markets."



I wonder if Mines will pick up the phone to them seeings as he's just agreed to pay 20% [£700k on £3.5m] to various 'advisers' to raise his money.

There's a possibility they might be ringing him to get a breakdown.I know I want to see one.

[2pearly] 10/6/2010 08:26

Who'd have thought that? Another day with sweet FA as far as any sales go.

Now best part of 6 months into 2010 and STILL they can't close a deal.I see no reason that is going to change just because they've rooked another £3m out of the shareholders to pay their salaries and bonuses again this year.

[runnett] 10/6/2010 00:50

At one point, cynnically, i thought the share price was being walked down for a reason. I not sure now, it's probably at its correct level for the RF business with no factoring for potential.

Dilution and pie in the sky statements have been causing this trend. Any good work has been cancelled by the SEO management.

I still have problems with them employing a FD with experience in aquisitions. Why? Well, the success of the other have been limited. I'd be confident if there was successful stories behind them before moving onto the next buy. I assume the recent funding is for bringing these older aquisitions through, therefore with earlier funding, the cost must be nudging 20 Mill before considering revenue being ploughed into the projects.

Note to PM:
If you are steering towards a IP company with a portfolio of patents and licenses, make sure you have plenty of litigation insurance. Being bailed out by shareholders while propping up salary and bonuses is not a good image!

[2pearly] 09/6/2010 15:04

The .13 lid is well and truly back now and will be until the profiteering chancer at the helm is removed or manages to have an insistent client who wants to do business with SEO and can get past PM's constant negativity about the company and its' prospects.

[antline] 09/6/2010 14:27

Plese vote against all resolutions and make P.Mines to leave this Company as he has been a complete failure

[sirmark] 09/6/2010 12:36

0.0013 hasn't been reloaded YET !!! could the seller be clear !!

[mhw28865] 09/6/2010 11:41

35 mil on lse today and nearly all buys with a few bigish chunks. they must be pretty confident this will start to move some time!!

[sirmark] 09/6/2010 10:52

L2 now 4 v 1

The reason it's going nowhere is the ice burg on 0.0013 which IMO is at least 240,000,000 so we will be here for a while then with out the party X you then have everyone else who has taken stock ...if they dont believe the future then we have a much large overhang...

At least next week well be clear how much the uptake has been and once funding secured we can then look forward to the AGM, where im sure the managment will be grilled over bonuses and salaries etc.... but if the business can secure something substantial prior then the heat is of the share is of the floor then happy days but still a long way to go ...which isn't where I thought we would be at this moment in time but hey sometime a long term investment is just that!!

SirM

[fur] 09/6/2010 10:09

some hefty chunks going through

[rrrensch] 08/6/2010 16:57

£20m revenue doesn't impress me at all..............I can do that tomorrow..........all I have to do is sell enough £20 notes for £10 each and hey presto..........! To turn over £20m and run a self supporting business after all these years - without asking us for cash every year - would impress me ! n.b. - that won't happen for as long as this (mis?)management runs this (potentially great) company.
all imho of course

[thecrownsucks] 08/6/2010 16:39

market cap £4m...must be a strong buy with £20m revenues+

[johncsimpson] 08/6/2010 13:58

Not posted re discussions for months. I held three million of these before Christmas but not now. Only posting because it's still in my 'active share list' (I keep it there out of interest and look now and then) and it sits immediately below Rockhopper.

This company must now have one of the worst management teams ever.

To all PIs, who are considering financing their salaries for the foreseeable future, do yourselves a favour and research the Falklands Islands oil story (RKH, FOGL, DES, FKL, BOR etc) sell your SEO shares and reinvest!

It's not too late but DYOR. I've traded DES and RKH on and off since last November and bought heavily into RKH throughout Feb/March and April and now have a fair ammount in FKL too. I've never had a ten bagger before but with any luck it's now just a matter of time with RKH.

But good luck whatever you do.

[vaneric] 08/6/2010 12:54

Well I don't think you can blame Mines for the patent dispute daw2, it's a Biotec patent that's being disputed and I'm sure he wasn't around when SEO got into bed with Sphere and Biotec.

Patent disputes are commonplace, especially in new technologies where things can overlap and the "I did it first." or "You've pinched my idea." questions have to be decided by a court. V.

[daw2] 08/6/2010 12:27

taking up the offer is simply throwing good money after bad, look at Mines' record...he has delivered A BIG FAT NOTHING )EXCEPT HIS PAYCHEQUE OF COURSE).....and then he makes guarded threats to encourage people to take up the offer. Directors may take shares but it is very small beer compared to what they have taken out of Stanelco and ripped off shareholders for. They have only taken shares because if they hadn't no one else would either. I also think that Mines has f--ked up big time around this patent dispute, I think it is a long way from resolution.