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.

Pump & Dump Merchant Brokerman Dan sends Sefton shares plunging

By Tom Winnifrith

11 May 2015 09:45

More:

So much for all the talk of big deals. So much for those assurances that the shares were heading to 1p. So much for the requests to “get behind us” from crony capitalist Brokerman Dan. The man who learned all about stock pumping from the great David Lenigas, has today dumped 60 million of his 86 million shares in Sefton Resources (SER) sending the stock sliding by 25% to 0.27p. This stinks.

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

ads

11 May 2015, 10:21

It is interesting that the Sefton RNS of 24 February stated “Mr Levi’s compensation package will be reviewed by the Board in April…Mr Levi has indicated that any salary he may be offered would in all likelihood be politely declined.”

It seems Mr Levi is not as polite as they thought.
DUCK AND DIVE

11 May 2015, 13:06

Can’t argue with any of that. Levi has pumped and dumped and should be up before the beak. No doubt he has a fistful of really good reasons why he had to pump before he dumped but none of them will wash. I thought he was one of the good guys and it turns out he’s just a common or garden crony capitalist.

Fuck the revolution.
DUCK AND DIVE

11 May 2015, 13:47

I see that Levi has just blogged his revelation that you (allegedly) wanted to take £000s of Sefton fees in SER stock at the 0.055p placing price. He accuses you of “vomit churning” hypocrisy and jealousy. No doubt you will set the record straight.
TW Note. The contract agreed for Sefton's UKI stand was that SER paid in either shares or cash at its discretion. The week before the show he offered us shares at the then price (0.24p?) We said if you insist. But then SER paid in cash which was actually preferable. Hope that clarifies the matter. Companies pay 5k to book a stand at UK Investor. You know renting in big halls, flying in Ben Edelman is not cheap and ticket sales do not even cover room hire. We are open about that. I gave Levi a mates rate of 4k. Just to put the record 100% straight.
Catempire

11 May 2015, 14:30

Haha.

Tom your such a bloody phoney. “Sherif of aim” my fecking arse!

After you’ve finished talking shit for your own personal gain, one day your concience might catch up with you but until then I’m sure you’ll remain a rite arrogant prick!!

Good on BMD for talking the truth. As I said last week after giving you far too much respect for too long, I hope it’s the end of your career..

Good things happen to good people, your in for a right shit time!!
alcira16247

12 May 2015, 02:32

Tom

Only a few short months ago so many of us were filled with hope and optimism that one of the revolutionary capitalist, a man for the small investor, was taking the helm of a bombed out barely breathing entity.

Many of us climbed on board, never expecting to see our investment again, but the need to demonstrate support to the ideal was overwhelming.

Now for whatever the rights and wrongs of the matter, we have broken friendships and wrecked reputations.

How, immensely sad that things have had to end this way!