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.

Sefton Resources; worse than it’s ever been?

By Ben Turney

4 June 2015 02:57

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Back in the good old days, when our dear friend Jim Ellerton was hocking his wares around the busy streets of London, shareholders in Sefton Resources (SER) were at least able to delude themselves with pipedreams of Kansan gas riches and a Californian heavy oil rush. As we all know, those promises of future wealth were a fantasy, deliberately designed to fund Ellerton’s lavish Hawaiian existence and taste for expensive hotels. Sefton was the ultimate lifestyle company, but what of today’s myths about this cashless cash shell?

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Comments

DUCK AND DIVE

4 June 2015, 08:47

I love Sefton. It gave me 50 large in a matter of weeks. Obviously, I got out when Dangerous Dan did. Who wouldn’t?

And if anyone was still buying after Mrs Williams sold then they are beyond help and should be considering alternative forms of gambling.
Ben Turney

4 June 2015, 09:30

@Duck and Dive – Are you one of the idiots who piles into a stock when Chris Oil buys, as he told a most sceptical looking Zak Mir in that video…. :-)
alan

4 June 2015, 10:35

Hi,

Where is the champagne bash taking place and who organised it?

TIA
DUCK AND DIVE

4 June 2015, 16:42

@Ben – er, no. I don’t knowingly do anything that Chris Oil does. But I suspect he follows me into stocks. He has the stamp of a follower. In fact, I’ve never invested in anyone’s tips. The whole business of share tipping stinks, especially on AIM.