Disclosure: I own shares in one or more of the stocks mentioned. 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.
Why won’t convicted armed robber Daniel Levi and market abuser Chris Oil name the Nomad, willing to back their bid to seize control of Sefton Resources (SER)? Levi has form in failing to disclose crucial information, but in this instance his deliberate clouding of the truth has incredibly serious implications for Sefton and its shareholders. If Oil and Levi are successful in their bid to commandeer the company, Sefton will be forced to delist within 28 days, unless they can find a Nomad prepared to commit professional suicide. Only naïve fools are downplaying the severity of this problem and the strong likelihood it is going to happen.
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Comments
Bananabob
Ben
Nothing surprises me on the Aim turd train these days. It’s packed full of losers, boozers and jacuzzi users, most if not all the time paid for by our hard earnt
Anyone who is fucked in the head enough to invest in the markets these days usually get what they deserve….nothing
Criminals, both spent and current everywhere
I got out with an 80k loss and count myself WELL fucking lucky
DUCK AND DIVE
Ben, for the reasons you have stated, the convicted armed robber isn’t fronting this shambolic coup attempt. He is just a shareholder and has as much chance of being re-appointed to the Board as Ellerton has. So a (desperate) nomad might be found if he can be assured that the ex-convict isn’t operating as a shadow director.
But until a couple of days ago, Clem Chambers was apparently unaware that a nomad was needed so it will take them a while to come up with a name – even if they do the prudent thing and start at the bottom.
That said, if they can’t come up with a nomad before the proxy block votes are sent in, then I can’t see anyone voting for the resolutions, apart from the numpties who dreamt them up.