Stanelco Share Discussion Threads

[barniebear] 15/6/2010 07:55

By the time they pay all the people for setting up this placeing and all associated costs, plus further litigation on patent dispute then there will be enough left over for one more xmas party and then its Game over.

This "investment" can only ever be a "MAD" punt

[bulgarianpropertydoteudotcom] 15/6/2010 07:51

by the time they pay all the people for setting up this placeing and all associated costs, plus further litigation on patent dispute then there will be enough left over for one more xmas party and then its Game over.

[2pearly] 15/6/2010 07:31

What will the ticker be?

Doesn't look as though 'BIO' is taken.Can we have that?

If that can't be used and they have to pick three letters in the name then I suggest 'BOM' because at least that will give investors an indication of how the stock usually performs.

[boldtrader] 14/6/2010 21:45

Many thanks for your reply Morgann..
Thanks for your response and kind regards.

[lwaxf13] 14/6/2010 19:51

Right theCrownsucks won't see this as he or she has me filtered. Oh I am so hurt - not only a cretin but a filtered cretin :-(

[morgannn] 14/6/2010 18:51

Yes I was there.Mainly stuck to the business of the day the results of which have been the subject of todays RNS's.Mines and Standen quite chatty informally and I'm prepared to stick with it for a while longer allthough I would be a lot happier if the patent issues were sorted out finally.The move to AIM was not a decision taken by the company,they no longer qualify for the full listing(read the small print in the prospectus).More should be revealed at the AGM on Tuesday.Let's hope for a bit of news flow over the next few months,a decent RNS before Tuesday would soften the blow.Boldtrader,Tony will you be there?I can't make it have to be in the Emerald Isle.

[wolterix] 14/6/2010 18:07

ah, ta for that little lot...

so, did anyone ask about revenue, and if any's coming? I guess not..

does still remind me of my old boss, about cementing 'value added' relationships.. slowly, ever so slowly......

but you're right to think or point out, why not sell stuff? worked for Tesco...

[daw2] 14/6/2010 18:05

PAUL MINES FAIL YET AGAIN THIS TIME ON GETTING A FULL ACCEPTANCE FROM SHAAREHOLDERS.

AS FOR THE £6M THAT WON'T LAST LONG ONCE MINES AND HIS USELESS FINANCE DIRECTOR UP THERE SALARIES AGAIN AND PLUNDER THE LAST OF THE SEO FUNDS

[2pearly] 14/6/2010 17:18

wolt

I've just posted this over at the other place.

It was a fairly brief affair.With not many there and it would have been tied up quite swiftly if it wasn't for the small Q&A session at the end.

John Standen [ a cross between Robin Cook and Ming the merciless] fielded most of the questions without actually answering many.The acquisition was just a route they were considering and none of the costs of that are tucked into the fund raising costs[!] There is nothing out of the norm with regard to the costs.

They will not be providing any forecasts as there is a forecast in the public domain [PM nodded an intimation that they were going to be updated].

The CEO and the FD have not yet received their bonuses although they have been accounted for in the figures.When asked whether they would be taking them or if they could make that statement to shareholders which would be well received he, once again, hid behind 'I couldn't say' 'not my decision' 'they are legally entitled......etc ....etc' I asked whether he thought the CEO and the FD would seek legal recourse if they didn't get them he said 'As part of the remuneration committee it isn't my role to speak for them' etc

He spoke about being very pleased with the share take up and seemed to take it as vindication that they were doing a good job!

When I asked him to define 'shareholder value' he just waffled about creating value in a share etc etc etc and was quite defensive.

All in all I felt better for having conveyed my concerns face-to-face and thanks to a couple of other board dwellers for their questions.I am no wiser as to the future and can't say I came away any more hopeful for the future.





I was amused as John Standen was telling another poster over a coffee [with some pride I might add!] about how the two Pauls [Mines and Law] have deveoped a sales technique whereby they approach companies and talk to them about what problems they've got and how SEO [ooops!] Biome can produce solutions and then they work as a partnership.

Now, I've got no problem with that but he then went on to talk disparagingly about that 'here's our product, do you want to buy some' method and I thought 'There's your problem pal, you want to trade at a high level without putting in the legwork' I expect both the hgih level AND the tried and tested sales methods to be employed. This business of not attending trade fairs when all the competition do is a tad arrogant if your plan is not working.Brilliant ploy if it works but folly if it doesn't and it hasn't.

[boldtrader] 14/6/2010 17:10

Sirmark,Tony,morgann,Were you present? Any fresh news of consequence? TIA. Cheers.

[thecrownsucks] 14/6/2010 16:38

LWAX..another filtered cretin

[lwaxf13] 14/6/2010 09:30

I fail to see the connection with oil and SEO. SEO is a business that provides salaries and bonuses. They don't appear to really sell anything though they do have lots of discussions with leading brand owners. Presumably they chat about the weather :-)

[conc2] 14/6/2010 09:10

I wonder if tighter regulations and increased insurance prices will increase the cost of oil

[lwaxf13] 14/6/2010 08:59

Top stock and a sterling job by the guys and girl(s) at the top :-) Now this is how to run a public traded company ...

[conc2] 14/6/2010 07:54

back to .25p soon then imo

6 billion shares @ .25p = 15 million MC

[sakedometa] 14/6/2010 07:36

Results of the Firm Placing and Placing and Open Offer

On 27 May 2010, the Board of Stanelco announced details of a share issue of up to 2,806,525,416 New Ordinary Shares at a price of 0.125 pence per share to raise approximately £3.5 million gross (approximately £2.8 million net of expenses).

806,525,320 New Ordinary Shares will be issued through the Placing and Open Offer and 2,000,000,096 New Ordinary Shares will be issued through the Firm Placing.

The Open Offer has now closed in accordance with its terms. Stanelco is pleased to announce that it has received valid acceptances under the Open Offer in respect of 574,096,803 Open Offer Shares from Qualifying Shareholders which represents a take-up of approximately 71.2% of the Open Offer Shares.

Accordingly, the remaining 232,428,517 Open Offer Shares, representing 28.8% of the Open Offer Shares, have been allocated to certain institutional shareholders and other investors with whom they had been conditionally placed by Singer Capital Markets.

The Firm Placing and Placing and Open Offer remain conditional, inter alia, upon shareholder approval, which will be sought at the General Meeting to be held today at the offices of Osborne Clarke at One London Wall, London, EC2Y 5EB at 10.00 a.m.

It is expected that Admission will become effective, and dealings in the New Ordinary Shares will commence, at 8.00 a.m. on 15 June 2010. New Ordinary Shares in uncertificated form are expected to be credited to CREST accounts by 8.00 a.m. on 15 June 2010, and definitive share certificates for the New Ordinary Shares in certificated form are expected to be dispatched during the week commencing 22 June 2010.

Terms defined in the prospectus published by the Company dated 27 May 2010 (the "Prospectus") shall have the same meaning in this announcement unless the context otherwise requires.

[larry laffer] 12/6/2010 20:28

worth a read

[deanroberthunt] 11/6/2010 22:26

to me if this was viable it would have been viable by now and well in profit..
Oil will be around $70/barrel for at least another 2-3yrs, and SE0s products are twice as expensive in comparison, not a good selling point thru a difficult economic period.

[lwaxf13] 11/6/2010 22:11

Shareholder value enhancement? Ummhh, now there's a novel thought for the highly skilled and experienced leadership of SEO :-)

[deanroberthunt] 11/6/2010 21:18

must be a trillion shares in issue by now.....

[deanroberthunt] 11/6/2010 21:14

ffs how long does it take to establish a business......if these weren't listed they'd have gone to the wall years ago, what numpties keep supporting these placings.....wasn't this 25p a number of years ago...now 0.130p, that's shareholder value enhancement for you....lol

[barniebear] 11/6/2010 18:45

Ah well i have "Bought" the offer!!