Exclusive: Put your questions to Raylene Whitford, CFO of Sefton Resources

Comments

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   DUCK AND DIVE

   16 September 2015, 08:38

   I would like to ask the fragrant Raylene how she fills her working day.

   And whether she had any suspicions about the scary-looking, loud-mouthed, uncouth, inexperienced, volatile, domineering, badly-dressed, irrational, governance-blind, gun-toting new Sefton director, calling himself Daniel Levi.

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   VINES

   16 September 2015, 09:59

   i would like to ask when you talk about yer director jossy, you say he did wonderful things by putting assets into sound oil. Putting assets in tells us diddly. What was sound’s buy in cost, how much did it spend and what did it make on exit, in short what was their return on investment? that’s like a proper adult question that, i’m quite proud of it

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   Paul Jones

   16 September 2015, 11:20

   1/where is Rob Shepherd, why isnt he mentioned in the last rns?/
   2/Why did you set up the company PANIKI then hastily dissolve it ?
   3/ why the warrants at 0.0065 and not at a premium ?
   4/ would the asset have been announced but for Ellertons writ ?
   5/ was the due diligence complete when Dan Levi stepped down ?
   6/ how much longer to wait for an experienced CEO to take charge ?
   7/ how much cash do Sefton have left in the bank ?

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   Ben Turney

   16 September 2015, 11:42

   @Duck and Dive – Behave!

   @Vines – I think you are asking about Jossy’s record of putting assets into Sound Oil. I’ll give that one a go, but with the caveat I am not entirely sure what you are asking, so it if gets knocked back, you’ll just have to live with it (or explain what on earth you are on about)

   @Paul 1) That’s come up loads so will be the first I ask

   2) Honestly that is none of our business. It would have been cleared through the Nomad. She’s a private individual and can do what she wants. Just because one particular moron got excited and learned to use the search function on the Companies House website, doesn’t mean there is a controversy there.

   3) I’ve only got so many questions I can ask. That one seems like micro-managing. I don’t like it, but this was common practice in terms of pricing options/warrants. Remember from the company’s perspective these aren’t a reward as such, but rather a tool for raising more money.

   4) Also come up several times, so will ask

   5) Also come up several times so will ask (especially given his public claims concerning this)

   6) Also come up so will ask

   7) Standard answer to this is that is market sensitive, so will need to be dealt with in an RNS (if the company decides to release that information)

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   johng

   16 September 2015, 16:08

   Here’s one important one. Why isn’t SER / Ms Whiford reporting D. Levi to the police for what has now become fraud ?

   He has clearly committed an offence under section 3 of The Fraud Act 2006.
   Levi has intimated that certain persons knew his history.
   If Clem Chambers was aware of the fraud, his position is serious. He also was well rewarded with shareholders funds.

   Certainly Clem Chambers is aware now of Levi’s history of offending yet still supplies him with an office in ADVFN; why?

   There is a very large sum of money,very material to the company that should be recovered.

   http://www.legislation.gov.uk/ukpga/2006/35/section/3

   Fraud by failing to disclose information (Section 3)

   A person is in breach of this section if he -

   (a)dishonestly fails to disclose to another person information which he is under a legal duty to disclose, and

   (b)intends, by failing to disclose the information— (i)to make a gain for himself or another, or (ii)to cause loss to another or to expose another to a risk of loss.

   -end

   Like Section 2 (and Section 4) this offence is entirely offender focused. It is complete as soon as the Defendant fails to disclose information provided he was under a legal duty to do so, and that it was done with the necessary dishonest intent. It differs from the deception offences in that it is immaterial whether or not any one is deceived or any property actually gained or lost.

   Levi is receipt of the proceeds of crime.

   Levi failed to disclose to wasn’t the Company (which is a legal entity equivalent to a person belonging not to the UK but the British Virgin Islands) but the NOMAD who issued the Questionnaire and received it falsely completed. And, the conspiracy to defraud is still a common law offence in England and Wales as well as in the British Virgin Islands.

   As the offence is criminal all someone has to do is make a complaint of the crime. It will not cost the company a penny in legal fees as it is the Crown that would proceed with the case.

   So why hasn’t the SER CEO / or the company reported Mr Levi to the police ? What are the board going to do about it?
   Are they going to fulfill their duty to act in the shareholders best interest?
   or are they going to roll over and let everyone get screwed over again?

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   Ben Turney

   17 September 2015, 00:39

   @john – I’ve already put the questions in, but I will forward this as well, but not as part of the interview. You raise some very serious points

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   Stunned Mullet

   17 September 2015, 05:31

   Raylene,

   Red or Brown sauce with a bacon sandwich?