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.
Comrade Brokerman Dan seems to have taken offense at my earlier podcast about the end of his career as a crony capitalist as boss of Sefton Resources (SER). I send this postcard to my friend with respect. Do not deny others an opinion. I praise you mightily for what you have done but I criticise today's payoff of £50,000 and explain why it is wrong.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
wildrides
Broken Man Dan achieved nothing at Sefton worthwhile . Let alone worth tons of options and an obscene salary of £50,000 for two months “work” . Nice work if you can get it . In fact all he succeeded in doing was trapping a load of investors in a POS company with no assets and a bit of cash and two directors who were party to a crook being in control last time around .
So well done Dan ……….. feel really proud of yourself for polishing a fecking great stinky turd enough that the shine suckered in some more naive punters , Lambs to the slaughter , so that you could walk off pocketing their money and then reinvest it diluting their “in turd ment” even further . You are a croni capitalist supreme . Sleep well and dont expect me to respect your “output” ever again. Give the 50 grand to a mental health charity and I will change my opinion .
catempire
Tom – I think you should give him a break mate, he has restored a considerable amount of value in the SP for SER shareholders albeit superficial thus far but it is still more then can be said for the majority.
I would imagine when BMD realized how corrupt the life of an Aim regulated London penny stock is he couldn’t wait to rush out the door, 2 months is a pretty decent stint on the darkside if you are not that way inclined and besides if it were you or I in this mans position being offered £50k for 2 months work on top of of a considerable amount of Options I feel despite being high and mighty on different matters neither of us would be saying no.