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STP - STEP ONE CLOTHING LIMITED


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In reply to: the saint on Friday 16/03/07 05:08pm

Half Yearly was released on 27/02 - don't worry you didn't miss anything - it was a shocker, it is interesting that the placement was made at 10c - why would you buy 15mil at 10c on a company that appears to be going nowhere and trading sub 10c - I'll sit back and see how the court case pans out and if there is any improvement on the yearly results as it won't take much to improve on. http://www.sharescene.com/html/emoticons/wacko.gif

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Hello,

 

Came across this company today and saw the placement @ 10cents... interesting that the price is higher than current market price. I guess that is a good / positive sign.

 

Any other news ?

 

AJ

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In reply to: Park-Hall on Friday 03/08/07 06:43pm

yesterdays announcements are interesting from the view of building share value before the court ruling on compensation is handed down.

bollingers too look interesting for this little sleeper.

Cheers

Simon

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In reply to: the saint on Wednesday 03/10/07 09:32am

Just a comment on the court ruling. Maybe its a matter of degree but here is what the other half of the compensation case has to say ie Stericycle in the US.

BOQ

" Stericycle Announces Preliminary Arbitration Findings

LAKE FOREST, Ill.--(BUSINESS WIRE)--Sept. 4, 2007--Stericycle, Inc. (NASDAQ: SRCL) today announced that it received the interim findings of the arbitrator before whom Stericycle's previously disclosed dispute with SteriCorp Limited of Melbourne, Australia is being heard. The interim award found in favor of Stericycle on its claim against SteriCorp for payments due under certain convertible notes and found in favor of SteriCorp on its claims that Stericycle failed to supply SteriCorp with equipment conforming to specifications under an equipment supply agreement and in connection with a dispute over the capacity of the equipment that was supplied.

 

While the arbitrator's findings are not final, Stericycle believes that, based on the arbitrator's interim findings, it is likely that at the conclusion of the arbitration proceedings Stericycle may be required to pay an amount to SteriCorp that will not be material and which has not been included in the guidance that we have previously given. During the next two to three months a final award is anticipated as the parties may address the question of the form and content of such final award with the arbitrator. " EOQ

 

 

 

Cheers

 

phoenix_1, long time holder,

 

 

 

 

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In reply to: the saint on Sunday 28/10/07 09:06am

Hi Folks,

news out today about settlement.

 

Its just shy of $7mil nett to Stericorp which is better than a poke in the eye and comes from the balancing of loan repayments and damages awarded.

As I read the announcement, there appears to be in addition some recovery of costs set at 2/3 of actual expenses. but would take some comment on how others read that part of the judgement.

 

Overall, good to get rid of the distraction and let the mgt get back to focussing on the business.

 

 

 

 

 

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Hi Pheonix 1 - its been a long time coming, but looks like STP has finally got some justice. Now they have to work out how it will be paid but could be a good way to start the new year! Stericycle get their note money and Stericorp get compensated for the dud plant that Stericycle foisted on them. Although the plant was in Canberra, so having things that don't work to specification or live up to expectations may have been seen as the norm?!?!?!?! ;-)

 

R/Ross

 

 

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  • ShareCafe Admin changed the title to STP - STEP ONE CLOTHING LIMITED

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