UK 04:00 Tuesday, 6 October 2026
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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.
As I warned you yesterday (HERE) shares in Sefton Resources (SER) were suspended this morning following the arrival of a new management team backed by Comrade Dan Levi and the market abuser Chris Oil. Nomad Allenby has quit. The LSE has told other Nomads not to act and in a month Sefton will be booted off the AIM Casino. But it gets worse.
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Comments
Mr Confused
From the initial RNS today…
“Mr Tom Milne will not stand for election at the AGM and will leave the Board on the conclusion of the AGM. Mr Milne will remain as a director of the Company until the AGM so that he can remain engaged with the Company’s efforts in relation to the bankruptcy court proceedings in Denver, Colorado USA, due to be heard on 11/12 November 2015 (as announced on 24 September 2015).”
I thought Ellerton, if that is what the above refers to, had been sent packing.
Davecandle
Had to smile at the irony of Clem’s statement in the no-one watching o’clock release of the ADFVN results this evening in which he blamed the particularly poor results on the distraction and costs of battling a requisition from a particularly shadowy group of shareholders!
You couldn’t make it up.
drunken sailor
Former bank robber thinks he has been robbed:
“It is a shocking day today for Sefton Resources (LON: SER) As we learn that the company coffers have been raped by the out going board. A scorched earth policy to cover their malfeasance if ever there was one!
On the 31st of July 2015 Sefton had a cash position of circa £1,000,000. Where has that money gone? £700,000 has been burned in 90 days. The new management are now conducting a forensic audit to ascertain where and who has been fleecing the company and its shareholders. In 2015 Sefton had raised over £2million net of costs where has all the money gone in little over 8 months? Where? This is a very valid question in my view. As Shareholders we have every right to demand answers with a full breakdown of just who and where the cash has gone. Names will be named and all will be made open to public scrutiny.
Shareholders can rest assured that a forensic audit is now underway. Every penny will be tracked and traced. It will be interesting to learn of exactly what cash has found its way into the pockets at Allenby Capital and the outgoing directors. Who have at every stage, since the EGM was called, sought to confuse and obfuscate shareholders rights to change the board. Now we all know why they were briefing and smearing the requisitioners. They didn’t want independent analysis of the books, which have undoubtedly been cooked.
The company shall be making a formal complaint to the FCA once the evidence is unearthed and unearthed it will be. The City of London police will also be contacted. This is a fight for what is right! For far too long Allenby have been shadow directing Sefton Resources and when the writ arrives and arrive it will, it will land on their doorstep.
Allenby Capital should hang their heads in shame. I promise you this a writ will be issued on behalf of ALL shareholders if and when we discover hugely inflated Nomad fees prior to the handover.
An absolute disgrace.
Viva!
Dan”