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.

Sefton Resources: Who do you think you are kidding Mr Williams…

By Ben Turney

26 October 2015 07:04

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Brilliant RNS from Sefton Resources (SER) this morning, simply brilliant. Just when you thought this story couldn’t deliver any more bizarre twists it turns out that Chris Oil has put his mum’s money where his mouth is and massively increased his stake. Not only did he buy £25,000 more stock on the open market immediately before Sefton went into suspension, for good measure he also kindly relieved convicted armed robber Daniel Levi of his holding. Oil now directly owns 13% of the suspended Sefton, while Levi apparently owns 0%. We wonder who dodged a bullet here…

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Comments

drunken sailor

26 October 2015, 07:29

I did wonder which complete moron was still buying SER and now we know. Well done Chris lots of SER shareholders are enjoying a well earned bag of crisps thanks to you.
DUCK AND DIVE

26 October 2015, 07:45

The alleged transfer of Levi’s beneficial interest in the equity has presumably been done in a private, off-market transaction. And, I would guess, subject to a legal agreement such as a Declaration of Trust whereby Oil agrees to sell the shares back to Levi at the purchase price – which could have been £1 for the lot.

But where is Levi’s TR-1? Or was he the minority player in the original concert party such that he avoids the DTR regs?
Colin

26 October 2015, 08:17

This guy is something else isn’t he? Perhaps his PR woman is only representing him to rinse him dry too.