STI - Stirling Products

[oztrades]

Great news came up for STI, if they have successfully secured the 6m funding, the share price would fly again

Seems they have secured soph's funding but a SPP to come and found this was posted on another site...

Hello Shareholders

As a holder of shares in this company and noticing the comments raised I would like to form a shareholder group.

Most importantly, I require a list of shareholders and current holding.

This list will not be made public nor am I asking for addresses. I seek neither to buy your shares nor enter into any personal financial gain on your behalf.

Just your name and your holding, and for me to post this notice on your preferred forum.

Please note that STI is in the position to determine validity of your holdings from the names and holdings. As these names will not be connected with your names on the forums I will have no opportunity to personally attack dissenters or otherwise.

However if the Company sends you any information that could be construed other than appropriate company information please contact me for further discussion.

My wish is to impress upon the Board of STI is that we as the "Lower 80" have a collective voice.

Finally, it is not my desire to impede upon the daily machinations of the Board in running the company but to impress upon the Board that there is a collective amongst its "Lower 80" loyal shareholders. I impress upon the Board to consider where it requires votes from its shareholders upon the business year.

And that is my biggest point. There is a large collective of "loyal" shareholders. I do not offer to redress your your past concerns or financial losses but seek to inform the Board that from tomorrow the 24th of March 2011 that a collective is being considered.

Thank you for your time. The rest is up to you.

T1

Please send to invest1@live.com.au




If you want more I can post a couple of interesting comments.

Oztrades

 

[oztrades]

Last membership post says 26 members

Oztrades

 

[pods]

Interesting stock pods and quite a few announcements since Jan 2010. I hold but am surprised that the movement has been curtailed by possibly someone taking a position. Guess the Director should have a look at the shareholder list decide for themselves.

Cheers

I honestly don't know what to say about this company anymore... I've kinda resigned to the fact that theres a good chance i'll loose my money. Having said that, i think in the short term they could go to 0.8c again but they'll struggle to go higher than that. Not that i'm an expert in the manner - just an opinion in having watched them for the last few years.

Our holdings are being constantly diluted by these further SPPs.

I've turned my attention to mostly TTV, which has been a breath of fresh air. STI could still make something of it's self, but it is on thin ice from my point of view. It's more likely that they'd call in the receivers in the next year then go back to 1c. But who knows. I'm surprised they've made it past the first quater TBH. So if their management got them through the GFC then they should be able to do better in an increasing economy. As i said, i wont sell, so I'm riding the waves too.

 

[oztrades]

13/04/2011

Apologies I have been overseas
Could u text a telephone number so we can at least speak 2hopefully address any misconceptions u may have regarding STI.
My view is that the company is proceeding very well & achieving significant progress.
Look forward to discussing with u y u should not b concerned at all
Regards,
Alan Beasley
Sent from Samsung mobile

a b <invest1@live.com.au> wrote:

>
>Sunday 10th April 2011
>
>The Board
>Stirling Products (ASX:STI)
>C/o Allan Beasley - Investor Relations
>alan.beasley@stirlingproducts.net
>
>CC: Peter Boonen - Managing Director
>peter.boonen@stirlingproducts.net
>
>
>
>
>The Board
>
>As yet there are no elected representatives to formalise any discussions with the
>Board and the Group but please be advised that a Shareholder Group has been formed.
>In the meantime I am acting representative.
>
>Yours faithfully
>Timely1
>invest1@live.com.au
>
>FYI:
>
>xxxx Forum
>http://www.xxxxxx.com.au/post_threadview.asp?fid=1&tid=1417554&msgno=6503971#6503971
>
>xxxxx Forum
>http://www.xxxxx.com.au/stock_discussion_forum.php?action=show_thread&threadid=641696#p641696
>
>xxxxx
>http://xxxxxx.com.au/showthread.php?230-ASX-STI-Stirling-Products
>
>Other forums will be added imminently.
>
>


## Please note I have only edited the names of the other forums where posted otherwise this is a direct copy.##

Disclosure: I hold

 

[oztrades]

Thank you folks - 27

Thank you for your time.

T1

I will post these numbers as they come up on the other forum

oztrades

Disclosure - I hold

 

[Country Lad]

I enjoy reading posts about shares like STI. It is a bit like standing aside listening to a discussion on politics – mostly a wish and a prayer that things will get better.

I have never looked at this one because I would rather play poker than deal in any share that is less than 1 cent. My curiosity was piqued by the discussion here so I had a quick look at it. Not owning it or having any interest, it is a dispassionate look.

Seven years ago it changed from oil and minerals to pharmaceuticals. It has taken 7 years to achieve an income from product sales and commissions of $191,714 and a loss of $7.868 million.

The losses have increased from $3.91 mil in 2008 to $5.084 mil in 2009 to $7.868 mil last year

The number of shares issued is at about 2.07 Billion (nearly 5 times that of RIO)

Suppose that magically next year they have sales of products of say $5 million and 10% falls to the bottom line. That is about 0.024 cents per share (assuming they do not issue more shares which they probably will need to do) and at a P:E of say 15 the share price should then be about 0.36 cents.

Had I bought STI shares at the beginning of the year I would be down 71%. Biotechs have been on a run and two I did buy (a buy and an add) at the beginning of the year was MSB (add) which is up 40% and CBZ (bought & sold) for 54%.

So the saying “better value elsewhere” comes to mind.

Cheers
CL

 

[oztrades]

The number of shares issued is at about 2.07 Billion (nearly 5 times that of RIO)

STI is 5 times bigger than RIO? Errr have a look at how many TLS has on issue. STI about 2 years ago had no money and less than $500k in assets (patents). Yes its still arguable if in a fire sale what they may get for the assets they now have, but they now have about $3mil in cash and are starting to produce from the pharma plant, have a bread & butter contract with 3M for 2 years to administer and sell some of their products, and 2 potentials in a home telemonitiring health device (www.telemedcare.com.au) and a possibility in a nebuliser for administering medicines in a liquid form.

But I agree CL that there may be better elsewhere but like all stock speccies one or two grabs your attention and taking risk money (beer money) we all generally throw a few in the bottom draw.

That is about 0.024 cents per share (assuming they do not issue more shares which they probably will need to do) and at a P:E of say 15 the share price should then be about 0.36 cents.

Is that $0.0036c or $0.036c or $0.36c (would love the latter but IMO would only be that on todays price X consolidation). To argue a consolidation at $0.36c would IMO be unjustified unless attached to a dividend which I dont see happening till they move a Company maker. Bottom drawer stuff.

oztrades

 

[oztrades]

$5 MILLION LOI STIRLING SUBSCRIPTION
9 May 2011

Healthcare group, Stirling Products Limited (ASX:STI) advises the Company has received and agreed to the terms of a CONDITIONAL Letter of Intent (LOI) for the first of a number of global TeleMedCare licensing agreements that provides for:

The exclusive TELEMEDCARE rights for India to be granted to a special purpose company to be incorporated and publicly listed in India. The existing shareholders of TeleMedCare are to receive a 40% interest in this company on establishment which is to be non dilutive for the first AUD$3 million raised and from thereon will be proportionately diluted with respect to any further capital raised.

Further, the Company is advised that a number of the proposed Indian subscribers to the TeleMedCare special purpose Indian company are also desirous of investing in Stirling Products in order to get direct exposure to the global TeleMedCare and High Density Aerosol (HDA) pulmonary drug delivery opportunity. The LOI has therefore conditionally provided for a subscription to the issue of a total 880 million shares in Stirling Products in consideration of the payment of AUD$5 million (an average of $0.0056 per share).

The LOI is conditional upon:
1. The Company obtaining shareholder approval for the issue of 880 million shares in consideration of AUD$5 million prior to 30 June 2011.

2. The entering into of binding agreements in India by participating Indian subscribers.

3. The entering into of the exclusive licensing agreement between TeleMedCare and the Indian Licensee.

4. Assurance of delivery of 174 TeleMedCare vital signs monitoring devices being delivered to the Indian Licensee along all necessary support and training at no added charge ? The Company values this at AUD$870,000.

5. The parties to the LOI obtaining all required or necessary approvals and consents in respect to the contemplated transactions, including but not limited to the consent and approval of all governmental, local and other authorities in India for the use of the TeleMedCare Clinical System in India.

6. The closing of the transaction be no later than 30 days following the approval by Stirling Products shareholders of the resolutions that will be required to be passed in order for the contemplated transaction to proceed.

The Company proposes to immediately arrange for the convening of an Extraordinary Shareholders Meeting, that the LOI provides, must be held prior to 30 June 2011, in order for the Company?s Shareholders to consider the resolutions that will be required for the LOI to proceed, along with a number of further resolutions in respect to the Company?s affairs.

The Company does advise that the LOI is CONDITIONAL and that the Company will be required to gain approval from its shareholders and until such time as all conditions precedent are satisfied the transaction proposed will remain CONDITIONAL

For further information see www.stirlingproducts.net or contact:
Peter Boonen
Managing Director
Stirling Products Limited
Ph: +61 2 9299 9270
E: peter.boonen@stirlingproducts.net


http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01179018

 

[System]

On March 23rd, 2016, Stirling Products Limited (STI) was removed from the ASX's official list pursuant to Listing Rule 17.12.