Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Yesterday Worthington (WRN) shadow director Aiden Earley obtained an interim injunction against me and I expect it to be served today and that will, until March 11, stop me using any emails or documents attached to emails. It does not stop me using other sourced material and thus we now turn to how Aiden Earley’s sister appeared to be earning so much from this fraud.
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Comments
turbograndad
Tom,
Good to see you keeping up the tempo, don’t turn down the volume.
hammer69
Tom,
Aidan’s injunction could turn into a bit of an own goal; I’m sure you’d love to get hold of those briefing notes in discovery if WRN is ever daft enough to serve.
Interesting that this “briefing paper” on Sevco PRE-DATES the incorporation of Law Financial (12/03/2013, with just £100k of original unpaid share capital, a further £10m of shares issued at a later date, but never filed, obviously to coincide with said revaluation).
One might infer that this could mean that WRN was perhaps after all complicit in the original valuation of the claim within Sevco’s books at £10m.
This is on top of the likely failure to disclose a transaction with a related party plus a material transaction – with shares trading at between 5 and 8p from 1/10-31/12/12, WRN’s market cap was a max of circa £1m so at £120k this was clearly also MATERIAL and therefore announcable.
H69
DUCK AND DIVE
Funny how Earley and Whyte keep ducking and diving in and out of directors’ seats at SEVCO – always resigning and then re-joining at the same time:
http://companycheck.co.uk/company/08011390
And that Sherri Ellison sure gets around. She has served with at least four different members of the Earley family on the Boards of diverse companies:
http://companycheck.co.uk/director/904602423/MISS-SHERRI-LOUISE-ELLISON
“Sherri Ellison holds 4 appointments at 4 active companies, has resigned from 127 companies and held 34 appointments at 31 dissolved companies. Sherri began their first appointment at the age of 18. Their longest current appointment spans 12 years and 5 months at FE CORPORATE SERVICES LTD. The combined cash at bank value for all businesses where Sherri holds a current appointment equals £28…”
Mark
Very interesting reading (scroll down a few pages) on hers truly…https://scotslawthoughts.wordpress.com/2011/12/14/craig-whyte-strident-plc-and-some-detail-re-others/