Sefton Resources Share Discussion Threads

[seftonsaved] 17/2/2017 22:48

It will be interesting to see just who will be running the company moving forward. Like him or loathe him, the share price was at its highest when Dan Levi was in control.

[uknighted] 17/2/2017 22:38

When people ask if a statement is legit then I wonder if these people should be investing. If you invest in a company you should research said company. A look at the company's website is usually a good place to start researching and getting information!

[cyan] 17/2/2017 19:52

What!! "They have invested at a small premium to the projected value of the company’s net cash, £15,000."

OMG! Is that all that's left? So they were blowing more than ten grand a month. Scandalous .

[lexus880] 17/2/2017 19:43

Never say DIE?

[scaleyman] 17/2/2017 19:25

Woo Hoo another Phoenix!! Nil Desperandum. :0)

[lexus880] 17/2/2017 19:20

Can anyone substantiate this statement is legit.

[seftonsaved] 17/2/2017 17:47

Here we go again!

[seftonsaved] 17/2/2017 17:47

Here we go again!

[lexus880] 17/2/2017 10:08

watch this space!

[tann93] 17/2/2017 08:19

Dan is back guys...hopefully we will rise from the ashes! (again)

Sefton Resources Inc
Statement
In our last update we informed you that we would be making a distribution of spare cash and closing
down the business. This was due to the scuttling of opportunities we had lined up, by a small group of
shareholders who threatened but did not deliver an EGM. This scuppered our efforts as no one will fund
or enter a material deal with a management on the brink of being replaced.
This threat therefore made the continuation of Sefton unattractive.
A number of shareholders consequentially pleaded with us to do something with the business rather
than shutter it and pay out nominal sums to shareholders, but we felt unable to take this tack.
Subsequently we were made an offer of an investment in the company that would break the stalemate
and inject new prospects for the business.
As you may well be used to by now a random problem struck. This opportunity was halted by the
intervention of our legal insurers who have decided to cease paying out our legal costs and contest the
situation and throw the whole situation into flux.
Happily after a delay and further discussions we have come to terms with the proposed investors.
They have invested at a small premium to the projected value of the company’s net cash, £15,000. They
have the support of enough shareholders to command what amounts to control, through their ability to
invoke an EGM and place themselves on the board and replace myself and Michael Hodges as directors.
However, it was their willingness to put cold hard cash into the company that made us open to their
approach.
They have requested to replace Michael and I and we will be stepping aside as directors, for them to
take over taking the business forwards.
The party in question is Dan Levi and Mike Barnes. Dan Levi should be well known to you while Mike
Barnes is an FCA regulated wealth manager.
Mr Levi having rescued Sefton from the teeth of collapse in early 2015 is keen to try to do the same
again and from my observations and experience of working with him over that period I can say, if
anyone can, it would be Mr Levi. Mr Barnes is not known to me but as a regulated person that credential
is good comfort.
Mr Levi has significant support from Sefton shareholders, enough to carry or vigorously oppose any
EGM, has intimate knowledge of the business, a record of turning this company around in the past and
the will and energy to try and do so again.
As your retiring board we think that this is the best prospect for shareholders.

[lydnem] 24/12/2016 10:10

The stamp probably had more value!

[andy] 24/12/2016 09:31

Christmas came early then!

[o1dsmokie] 24/12/2016 09:15

Got a share cert this a.m.

[andy] 22/12/2016 10:20

where are the accounts?

[oilforex] 22/12/2016 10:11

Where is the website... :-/

[cyan] 05/12/2016 21:10

19th May 2016


"Meanwhile, the accounts are being prepared and we will update you when they are released"
------------------------------------------------------------------------------------

1st September 2016


"Our finances are in good order and we are currently drawing up the year-end figures".
------------------------------------------------------------------------------------

28th October 2016


"As such we plan to return a balance of cash directly to shareholders with an eye closing the company if its prospects deteriorate further.
We believe the shareholders would prefer some return to no return at all."
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Last time accounts were released 30th September 2015

WHERE ARE THE ACCOUNTS

[cyan] 05/12/2016 13:11

hxxp://www.talkaboutshares.co.uk/cjs-xmas-message/ (2015)

"I feel sure somewhere in all this, criminal offences have been committed by the previous management, certainly market deception must be on the list, misapropriation of funds perhaps?"

So what has the present management been up to?

Perhaps someone from the press would like to pop along to BMD's office in ADVFN's HQ and ask;

I guess its the one with "Troubleshooter" on the door ?

[cyan] 02/12/2016 10:54

Oh look, another month has gone by without an EGM or any sign of the accounts. Another £10,000 down the toilet.

[skez13] 26/11/2016 16:13

cyan

what happened to the forensic audit?

i would guess that certain parties have been charging consultant fees and whittled the cash away....


would be funny if these lot were sued for defamamation by the previous BOD

[lydnem] 13/10/2016 16:15

I guess he must have had to go and get a job, to repay all the losses