Just a few caveats. Align Research is paid to pump out the research below. Align and its boss, Richard "nobody likes me and I don't care" Jennings own shed loads of shares in Bluebird Merchant Ventures (BMV), and the "analyst" is disgraced, journalist smearing, part time PR man, the vile and repellent Dr Michael Green. Dr Green should not be allowed to work in financial services after his crimes as an enabler of the fraud Sefton Resources (SER). Having said all of that, I too have an interest in these shares and reckon they are cheap. Are they worth 9.58p as the ludicrous Green suggests? Er no. But could they double? Yes. And the note below explains why.
After his role in anabling the fraud at Sefton Resources (SER), including in smearing the UK’s top investigative journalist, Dr Michael Green should NOT be working in financial services. You know my views. But he is. and his job these days seems to be penning bonkers research notes on small mining stocks setting insane share price targets which are multiples of the current share price. You may remember his classic piece on Bluebird Merchant (BMV) where the target – and I say this as an enthusiastic sharenholder – was just insane. Then there was a classic on the worthless James Parsons POS Ascent. His latest note is on Xtract (XTR) where he predicts profits of 500% for those buying the shares. If you enjoy a piece of badly wfritten fiction and don’t have a Jeffrey Archer to hand, the note is below.
I start with the incredibly exciting matter I flagged yesterday. It did happen and I shall be able to say more in 4-6 weeks. Then onto the death of Robert Mugabe. I am sure the BBC will focus on early heroics. It should not. That is like saying "but... Hitler created some good art early on." I celebrate Mugabe's death wishing it had happened years ago. I look at how the regulators fail to tackle white collar crime reference Sefton (SER) and at why Altitude (ALT) MUST be investigated. I also cover Alien Metals (UFO) and Neil Woodford dog Xeros (XSG).
In this bearcast I look at what a dismal failure AIM has become and examine the inherent conflicts of interest which make such failure ( for investors) inevitable. I reference Management Resource Solutions (MRS), Daniel Stewart (DAN), African Potash (AFPO), Arden Partners, Paul Shackleton, Naibu (NBU), Cantor Fitzgerald, Sefton Resources (SER), SP Angel, BlueJay Mining (JAY), Vialogy, Yourgene (YGEN), Quindell (QPP), Globo (GBO) and more. If you enjoyed this how about becoming a hero and donating to rogue bloggers for Woodlarks TODAY HERE
Covering Quindell (QPP), Naibu (NBU), Patisserie Holdings (CAKE), Staffline (STAF), Sefton (SER) and more I look at the role of auditors and lawyers in enabling corporate fraud and what needs to change to stop this.
Two caveats. Firstly, the analyst producing this note is Dr Michael Green who as PR man to the fraud Sefton (SER) earned a fat wedge protecting that fraud by, inter alia, masterminding a dirty tricks campaign against myself and Dan Levi. He is a motherfucker with no place in financial services and he should be cold shouldered by anyone with any sense of morality. Secondly, Align is a paid for research provider. Notwithstanding that I reckon Wishbone Gold (WSBN) shares, which we own and bought more of at 0.1p, are very cheap. So here is the Align research. The morally bankrupt Green who Align should fire on principle, opines:
And you thought the pantomime was over… now unlisted and registered in the BVI the latest developments at Sefton Resources (SER) are, predictably amusing. When Sefton was booted off AIM it had 4.8 billion shares in issue. Until the other day it appears to have had almost 9 billion pieces of confetti in issue. But that is set to change.
Version 2. Darren cut off 6 minutes of the podcast first time around. I am a nice guy. I will not fire him...until Monday. After many years I have upgraded from a Nokia brick to a sort of smart phone but I cannot work out how to answer calls or indeed shut it off or put it on silent. So in this podcast it very much plays the shepherd of Porlock. In the podcast itself I discuss my domestic arrangements ahead of the return of the Mrs and a weekend with the mother-in-law ( some of us have all the luck) then look at TrakM8 (TRAK), RM2 (RM2), Online Blockchain (OBC) and reminisce about Sefton (SER) and Jimmyliar Ellerton, prompted by a long chat with Brokerman Dan last night. In detail I look at Fishing Republic (FISH) which looks, to me, an increasingly sick puppy. If you like bearcasts then remember that at UK Investor on April 21 one of many highlights will be a live bearcast with myself and Paul Scott. Make sure you book a free ticket HERE using the promotional code WINNIFRITH.
I am very excited by working through the most wonkish of data sets to show Channel 4 was serving up A grade fake news as it reported on the drought in SA last night. More on that HERE. I start with the BMR (BMR) scandal where i am an angry small shareholder. The problem is that this is not an isolated incident, I look at Telit (TCM), MySquar (MYSQ) and Sefton (SER) where crime really did pay. Then I look at an Optibiotix (OPTI) share sale and indicate at what point i will, again, be buying. I look at a share sale in BCA Marketplace (BCA) and why that is such a massive red flag compounding the thesis explained in my major report of last Autumn, The Big Short.
On 23rd October 2015 as the old board of Sefton Resources (SER) handed over power to Clem Chambers, Mike Hodges as directors and Daniel Levi as a consultant it stated that the cash position was $504,300. The new board claimed that it was in fact materially lower. What is it now? That is unclear but what we do know is that the number of shares in issue has rocketed from 4,796,618,397 to 8,949,299,416 as that was announced at the weekend.
Of course Brokerman Dan (Dan Levi) is not perfect. He publishes outright lies about me on a regular basis but credit where credit is due, he has nailed Jimmyliar Ellerton, the disgraced boss of Sefton Resources (SER) in court again.
The AIM casino has hosted the London stockmarket's biggest fraud for almost 40 years (Quindell) and a raft of smaller frauds in recent years. One might almost say that fraud is endemic. Yet, in a consultation paper published this week, the London Stock Exchange (LSE) has insisted that it is not within the remit of its own AIM Regulation department to tackle fraud or indeed do anything about it. This shows a complete contempt for investors - we bank the fees, you bank the losses.
News from the British Virgin islands. Sefton Resources (SER) has updated its poor shareholders with a letter from CEO Dan Levi written in his usual entertaining and combative style.
The word on the street is that the AGM of Sefton Resources (SER) is to be held today at the Essex offices of ADVFN PLC (AFN) - the head honchos at both company's being the same. Flip flop Ben Turney, who now owns almost 13% of the stock says that ADVFN boss Clem Chambers has slammed the phone down on him as he tried to confirm this.
I start with the kerfuffle over Aiden Earley of Worthington (WRN) infamy. I described earlier how he has libelled me but is threatening me with legal action. He has lost the plot and I am now talking to my lawyer about dealing with this irritant proactively as I explain in the podcast. Then I discuss why it is better to travel than to arrive and a Red Flag that links Sefton (SER) and Cloudtag (CTAG)
I rather like the ADVFN service, and having met its CEO briefly a few times I rather liked him too. And as a house matter, there was much to commend about the staunch resistance to pressure being applied on ADVFN to put clear water between it and ShareProphets was over the way in which, for example, the Quindell fraud was being systematically unpicked in these parts. That was not just an issue of free speech, it was a matter of exposing bad people and trying to save the shirts of our readers. So I have an awful lot of time for Clem Chambers, the CEO of ADVFN.
As we revealed yesterday, ADVFN (AFN) bosses Clem Chambers & Mike Hodges who also run now delisted Sefton Resources (SER) have stated that flip flop Ben Turney has not submitted an EGM request to oust them. Flip Flop has denied this and accused the Sefton board of lying to their investors. Now Turney has parked his tank on the ADVFN lawn.
Flip Flop Ben Turney who is endeavouring to oust Clem Chambers and Mike Hodges of ADVFN (AFN) from the board of now de-listed Sefton Resources (SER) has accused the two men of "telling blatant and demonstrable lies to investors in Sefton."
It was almost four years ago to the day that Jimmyliar Ellerton of the fraud Sefton (SER) arranged to do a ramptastic presentation in London to try to lie to enough people to get another bailout placing away. Sadly for him both Brokerman Dan and I attended and we absolutely wiped the floor with the old rogue. It was the start of his downfall. To celebrate that Dan Levi and I have both booked in to a Mkanago Resources (MKA) presentation ...let battle commence. Fancy coming along? We gather beer and popcorn will be provided by the venue.
The board of Sefton (SER) was informed eight days ago that Flip Flop Ben Turney owned 13% of the issued share capital and was demanding an EGM to oust the current directors, ADVFN (AFN) bosses Clem Chambers and Mike Hodges with Ben taking control. The resolution arrived in the BVI yesterday by snail mail but after eight days Flip Flop has not had a response. But he seems to have growing support and there are other developments.
LinkedIn, aka Facebook for grown ups is where those in the business world connect with each other and oggle good looking PR birds from the world of commerce or humourless left wing lawyers who look like a squirrel. In your profile you say what you are good at and joining LinkedIn today we have Dan Levi, aka BrokermanDan. Now just look at his profile - it has to be the most unusual out there. Whatever else you say about him, Levi can be quite amusing.
Cry aceeed! Over the weekend Nigel published the proposals made by flip flop Ben Turney for Sefton Resources (SER) and Teathers (TEA). Yup the longest running pantomime on the AIM Casino is back in town. Some of the ideas suggested are just plain crackers. Truly when you thought this farce could not get any more surreal it just did. Others are actually very sensible. I try to cut through the farce to suggest what should happen.
ShareProphets has learned that the management of EX-AIM-listed Teathers (TEA) which was put in place by shareholder activism is to put formal merger proposals to ex-AIM-listed Sefton Resources (SER) with a view to the combined entity eventually relisting on AIM. The plan, subject to due diligence and shareholder approval by both companies, would see a new project (yet to be disclosed) injected into the combined entity, alongside the Teathers App business with the aim of getting back on to the Casino. This would, of course, represent a most remarkable turnaround for shareholders in both companies if it were achieved.
The ex-AIM-listed Sefton Resources (SER) disaster story looks set to take an extraordinary new turn. ShareProphets hears that Ben Turney has now amassed enough of a holding to requisition an EGM proposing sack-the-board resolutions, appointing himself and one of his Teathers Action Group colleagues instead. Oooh, er. But the most bizarre twist of this is that we hear that the source of Ben Turney’s holding of 585.1 million shares (out of 4.7 billion) is none other than a certain Mr Chris Oil, via a private sale. Aceeeeeeeed!!
The last we heard Sefton Resources (SER) had c£250,000 in the bank but how much is left and when will we find out? The answer to the latter question is...potentially never thanks to the strange laws of the British Virgin Islands where this company has always been registered.
The man with the reverse Midas touch, the market abusing criminal Chris Oil has tweeted that he has sold all his oil shares. Naturally that is a lie since one suspects his 13% of now delisted Sefton (SER) is hard to shift as is the £250,000 he spunked into Lenigas Cuba (CUBA). But the tweets (below) are clear.
The man who claims to make 1000% per trade and to be Britain's Buffett seems to be off his winning streak. By my sums, NOT the sage of Malvern has clocked up a paper loss of more than a million quid since July. Good going pal. And by the way how is your call to boycott UK Investor going you little twerp? As badly as your investments methinks.
I delay breakfast at Tom's Diner in Brooklyn for you dear listeners. I explain the sacrifice I am making. Then the theme is one of denial as I examine Zincox (ZOX), Sefton Resources (SER) & flip flop Ben Turney and finally 88 Energy (88E). I move onto how one reacts to fair questions and the scumbags at China New Energy (CNEL) and Afriag (AFRI). I look at Asian Citrus (ACH), InternetQ (INTQ) and Mosman (MSMN) - both zeros and eServGlobal (ESG) which is also heading for 0p. There is a final swipe at Rare Earth Minerals (REM) and Jabba The Hutt, Mr David Lenigas.
This is a turn up for the books! California Joe, CJ to my friends writing an article for shareProphets? Well, it’s the time for goodwill to all men and women, even Tom Winnifrith and I also hear there’s a new editor position on the horizon so before certain BB Trolls start trolling “He’s after the editor’s job” I’ll just scotch that rumour. I'm not interested. Besides I'm sure Tom would have a head fit before he gave me the keys to the ‘free-speech empire lol! TW note there's no vacancy and I'd rather employ my cat - whose semi-literate work requires less editing - but you want to bash Lenigas so in the interests of free speech here's a platform
I am attracted to stunning women. My wife and, obviously, Cheryl Cole. Evil Knievil is attracted to fine wines. In fact to any wines. And it seems as if pouting ex Sefton Resources FD Raylene Whitford is attracted to overvalued cash strapped POS AIM listed oil Companies.
Today is Sefton Resources’ (SER) last day as a publicly traded company. In a shock email to one aggrieved shareholder, recently installed CEO Clem Chambers has admitted that the EGM requisitioners did not have a replacement nominated advisor to take over from Allenby Capital. This is despite all the public claims and propaganda to the contrary. Shame on all involved. Their reckless actions have destroyed Sefton and it’s the company’s innocent shareholders who have been made to pay.
We do not normally run adverts on this website for commercial enterprises but I was just wondering where to take the Mrs on a romantic weekend when a kind shareholder in Sefton Resources (SER) sent me this archived link to a charming little B&B, sometimes described - innacurately - as a castle in the Malvern hills. Apparently it is run by an elderly couple but the young son earns a bit of pocket money doing the washing up and helping out now and again.
It seems that this morning market abuser Chris Oil has taken a helicopter to “special meetings in the City” because “all trains [were] cancelled from the countryside”. Unfortunately for dear old Chris it appears that his due diligence has let him down once again. Having burned his (and everyone else’s) money in Sefton Resources (SER), locked himself into the doomed Lenigas Cuba (CUBA) IPO, cursed MX Oil (MXO) and now given the final kiss of death to Mkango Resouces, one would have thought Oily Chris might have learned the odd lesson along the way. Like checking the Internet…
The laughter keeps on rolling at Carry On Up The Sefton (SER). It seems that the company’s new management team has managed to spend £950 on the AGM it cancelled because it needed to “reconstruct necessary access and information” (whatever the hell that means). It appears that confidence in Sefton’s new board is at an all time low, which is a most impressive achievement when you think about it. Not trusting that the AGM was truly cancelled, one plucky shareholder turned up to the Novotel at London Bridge this lunchtime and has sent us some photos. Apparently Novotel’s catering manager repeatedly attempted to contact Sefton to confirm the booking, but no one replied. Quelle surprise!
Over the weekend I’ve been sent a couple of interesting screenshots. It seems that market abuser Chris Oil is up to his usual tricks and attempting to rewrite the history of his disastrous intervention at Sefton Resources (SER). At the heart of Oil’s dismal coup was his claim that he had a Nominated Advisor (Nomad) lined up to replace Allenby Capital. As we repeatedly warned at ShareProphets this was not true and Oil now appears to have attempted to backtrack on his false promise. Unfortunately for him he has simply managed to reopen the wound. With Sefton’s inevitable delisting imminent, will shareholders pursue Oil for causing their losses?
The clocking is ticking down on Sefton Resources (SER) being booted off the Casino. Despite not having a Nomad, the company is still subject to the disclosure rules. So why, therefore, has Sefton’s new board not told shareholders that it has decided to cancel/postpone this month’s AGM?
On 23 October Sefton Resources (SER) announced its AGM to be held on 13 November. As a shareholder I should have received the circular for this by now, but I haven’t. Others seem to be in the same boat. I spoke with my broker TD Direct Investing today and it isn’t aware of the AGM. There is nothing in TD’s system signalling a corporate action. Even more confusingly it appears that Sefton has taken the proxy forms down from its website, which it previously had published. So what is going on?
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…
The man who claims that his family discovered the North Sea, who modestly describes himself as Britain's Buffett, the market abuser Chris Oil has today issued a stark warning to BP and Shell - their position is under threat...from Sefton Resources (SER) - net cash £300,000, no assets and set to be booted off AIM in less than a month. Well you heard it here first. Did his PR genius Steffi sign off on this tweet:
For the avoidance of doubt I am stone cold sober in writing this. I had a small glass of wine last night but just one. I say this because I now say that Dan Levi (Brokerman Dan) has made a valid point about the Sefton (SER) debacle.
A wide ranging little podcast with none of the bad language ( well less) in my earlier bearcast on CEB Resources (CEB) and its scumbag CEO Dave Whitby (HERE). In this edition I cover Globo (GBO), Daniel Stewart (DAN) – with breaking news - Northbridge Industrial (NBI), Auhua (ACE), New World Oil & Gas (NEW), ADVFN (AFN), Sefton Resources (SER) Holders Technology (HDT) and Northern Petroleum (NOP)
As I warned you yesterday (HERE) shares in Sefton Resources (SER) were suspended this morning following the arrival of a new management team backed by Comrade Dan Levi and the market abuser Chris Oil. Nomad Allenby has quit. The LSE has told other Nomads not to act and in a month Sefton will be booted off the AIM Casino. But it gets worse.
In case you are still dumb enough to be holding shares in Sefton Resources (SER) - if you do not sell by 4.30 today you will almost certainly never be able to sell again and you will lose all your money.
It seems that market abuser Chris Oil is in meltdown, rather like the share price of Sefton Resources (SER) of which he owns 5%. His latest twitter abuse is directed against me. And is below
On today's podcast I discuss why the looming battle in the High Court is so important and why the morons cheering on Julian Hamilton Barns against my foxy legal team prove themselves morons for doing so. Then onto Fishing Republic (FISH) with more fishiness revealed followed by Gulfsands Petrolem (GPX), Sefton Resources (SER), Capital Lease Aviation (CLA), Record (REC), Auhua (ACE) and finally a long piece on UK Oil & Gas (UKOG), analysing it - something its moronic bulletin board cheerleaders patently fail to do.
It would be churlish not to report that Sefton Resources (SER) has some good news to report. Its shares are still toast but at least it appears to have seen off the legal challenge of its bent former boss Jimmyliar Ellerton.
Following on from Alice Cooper's songs for Sefton Resources (SER), here's another one for you from the great Jon Bon Jovi
As expected today’s news from carry on Up the Sefton Resources (SER) signals the death of its AIM career but it gets worse, the new management team and its backers stand humiliated. The City of London is closing ranks against them
There will be an RNS tomorrow at 7 AM from Sefton Resources (SER). For those dumb enough to still own the shares, here's a song just for you from the great Tom Petty
Carry on Up the Sefton Resources (SER) has helpfully given us an update on its death throws as an AIM casino listed stock – suspension could well arrive by as soon as Friday at 7 AM. The timetable of doom is thus:
In today's podcast I look at yesterday's Quindell (QPP) news, Big David Lenigas and his ramping and personal abuse (if he wants a war then I'm up for it), Golden Saint Resources (GSR) and what Roland "Fatty" Cornish should do now, Sefton Resources (SER), Galantas Gold (GAL), Auhua Clean Energy (ACE), long term AIM dog Image Scan Holdings (IGE) and SeaEnergy (SEA)
Carry on up the Sefton Resources (SER) shareholders should be warned: trading in shares in your company will be halted sooner than you think and the company will almost certainly be kicked off the AIM Casino a month later, we have it from more than one source that Clem Chambers and those who called for an EGM are not backing down.
On Friday, midway through the morning session, market makers suddenly marked down the Bid for Sefton Resources (SER) to 0.04p. They did this on what appeared to be a relatively light volume day and with no official news from the company. The Ask was left at 0.06p, leaving Sefton’s share price with a massive 50% spread. This price strongly suggested the market wanted to discourage sellers. A possible (probable?) explanation for this was that there was a major seller in the background. After this morning’s news from the company, it shouldn’t take much effort for the FCA to confirm whether or not anything untoward happened. And so...
I am staying wth my father and lefty step mother in Shipston and so there are a string of jokes at his expense. Talking of jokes I mention, en passant, Sefton Resources (SER) but also the total joke that is Golden Saint Resources (GSR). Then there is BBA (BBA), Telit Communications (TCM), Surgical Innovations (SUN) - cue predictable Zak Mir joke - and eServGlobal (ESG). Finally I comment on Adgorithms (ADGO) and flag up superb Peel Hunt research HERE
As predicted on Sunday in yet another scoop for this website, ZAI Corporate Finance, led by heroic Big Ray Zimmerman, has refused to act as Nomad for the proposed new management team at Carry on up the Sefton Resources (SER). We can now reveal the real reason for this, flag up yet more market abuse by Chris Oil and suggest what happens next.
Daniel Dunkley of the Sunday Times business section is a tosser devoid of professional ethics. I explain why in this podcast and also why the deadwood press is a corrupt propaganda machine contribution to its own demographics driven demise. Then it is on to a session on value investing looking at Stanley Gibbons (SGI) and Surgical Innovations (SUN) with an en passant mention of today’s episode of Carry on up the Sefton (SER) thrown in.
I am afraid that while there have been many bloodbath days for shareholders in Carry on up The Sefton Resources (SER), tomorrow will be the bloodiest of the lot. I am expecting an RNS first thing and it is not going to be good news.
In today's podcast I get a little help from Professor Ben Edelman as I discuss: blinkx (BLNX), Iofina (IOF), Adgorithms (ADGO), SeaEnergy (SEA) and Sefton Resources (SER). I have avoided mentioning Paul Scott since he has declined to send me any more tips on his guidance for healthy living for at least 48 hours.
Interrupted by fuckwit PR men and a host of other things this is not a good day. But at least in 48 hours Pizza hardman Darren Atwater has the FSAL headache and I shall be away from acursed London and back in Bristol. On the podcast today: Outsourcery (OUT), Wandicso (WAND), Paragon Diamonds (PRG), Sefton Resources (SER), Fitbug (FITB), Koovs (KOOV), Boohoo.com (BOO), Daniel Stewart (DAN), Golden Saint Resources (GSR) and Blur (BLUR).
This morning’s interim report from Sefton Resources (SER) does not make for happy reading for shareholders. After yesterday’s news that the company has run up the white flag to Team Shotgun, today’s numbers pour a bucket of ice water over the Clem Chambers/Mike Hodges fantasy. Sefton had limited resources. It had a plan. Ex-CFO Raylene Whitford was making headway in incredibly difficult circumstances and should have been supported, not attacked. Now, thanks to the interference of the market abuser and the bank robber, it will be lights out by Christmas, unless the company can issue more confetti. Oh, and convince Ray Zimmerman to take on this basket case.
You may well remember my six part acid trip with scumbag a'hole dirty tricks specialist lawyers Pinsent Masons HERE. I had almost forgotten but last night I was sitting in Free Speech & Liberty Pizza when a white rabbit wandered in wearing a T-shirt saying "Chris Oil - Sefton's saviour". I looked up and the white rabbit handed me a sugar lump. Heck. Why not. I'd had a good day. Camkids was on its way to AIM casino death row so I said "thank you", forgot about my diabetes and swallowed. Shroooooooooooooooooooooooom.
We all knew that at the October 6 EGM, team Chris Oil would win and that the current directors – bar Jossy Rachmantio would be booted out to be replaced by ADVFN’s (AFN) Clem Chambers and Mike Hodges. Sefton (SER) has now thrown in the towel but the drama is far from over.
Featuring shares of Aeorema Communications (AEO), Bushveld Minerals (BMN), EMED Mining (EMED), LGO Energy (LGO), Reach4Entertainment (R4E), Sefton Resources (SER), together with some share price targets.
Sefton Resources (SER) was not the first London listed company that Jimmyliar Ellerton milked for personal gain and trainwrecked for shareholders. In the early 1990s he ran an outfit called Com Tek and in light of his current US legal case against Sefton I asked a Com Tek insider what happened next...
In this podcast I have hot gossip concerning ex IGAS (IGAS) boss Andrew "Piggy" Austin - I know that Wildes will be shouting karma! I also look at Ultima Networks (UTN), Jiasen (JSI) and Bagir (BAGR) and have a snippet of information on Sefton (SER) regarding Jimmyliar Ellerton and foxy Carol
We’ve just heard that Sefton Resources’ (SER) petition to see Jimmy Liar’s bankruptcy claim thrown out of court has been postponed until 12 November. Things really are going from bad to a hearse for this company’s shareholders. Assailed from all directions by damn fools, how much more punishment can poor old Sefton be expected to take?
There are numerous reasons why the AIM casino system of regulation based on Nomads fails miserable to protect investors from lying and fraudulent directors. But one major failing is what happens when a Nomad resigns and to demonstrate this I have got my hands on the letter sent by Fox Davies when it quit as Nomad to Sefton Resources (SER) in September 2012 and am delighted to share it with you. Private & Confidential it is marked. Well not any more chaps!
In the latest proclamation from the castle on top of Looney Mountain, market abuser Chris Oil has warned the City he is making a list of those whom he is going to “distroy”. Quite what provoked this latest little Twitter temper tantrum is anyone’s guess, but I am sure there are dozens of folks now quivering in their boots, in dreaded fear of an assassin’s blade. For my part, I shall endeavour to do my level best to appear on the top of Little Augustus’ proscription list.
In today's podcast I cover Big Dave Lenigas, LGO Energy (LGO), Sefton Resources (SER) and Pinsent Masons and Boohoo (BOO), ASOS (ASC) and the unsustainability of super normal margins at a general level
I start this podcast with a mention of my personal weekly podcats this week - The Orwellian BBC is not fit for purpose - you can catch it here. Then onto Wildes, LGO Energy (LGO), Sefton (SER) and the consequences of wage inflation and the abandonment of sound money.
It is now certain, following the shock resignation of Raylene Whitford, that Sefton Resources (SER) will soon be run by Clem Chambers and Mike Hodges at the behest of Brokerman Dan and market abuser Chris Oil. Nomad Allenby will quit the day the new consortium takes charge meaning Sefton will be booted off the AIM Casino unless a new Nomad steps forward. So which Nomad wants to commit reputation hara-kiri?
Another day and yet more entertainment from the biggest joke company on the AIM casino, Carry on Up The Sefton (SER) – CFO Barbara Windsor, played by Raylene Whitford, has quit the board with immediate effect. WTF?
In today's podcast I celebate Fiji - come on guys, the Celtic World expects. Then onto how Goldman Sachs got the FOMC to carry on blowing bubbles and the to the farce carry on up the Sefton (SER) - Raylene Whitford has quit. Then to New World Oil & Gas (NEW), Ferrexpro (FXPO), Arian Silver (AGQ), Monitise (MONI), Metals Exploration (MTL) and LGO Energy (LGO - The Sheriff of AIM vindicated once again
Over the last few days I’ve had a number of requests from Sefton Resources’ (SER) shareholders asking me to interview CFO Raylene Whitford. Broadly speaking, half of the requests have come from supporters and half from opponents. Next month’s vote at the EGM will be crucial for Sefton’s future. As much as I am a vocal opponent of convicted armed robber Daniel Levi’s bid to hijack the company, I won’t give Whitford an easy time. There are tough questions that need answering about Sefton and if you’d like to throw some into the ring, please do so below.
A seemingly innocuous Tweet from David Lenigas on Monday, distancing himself from the looming Sefton Resources (SER) catastrophe, might be an indicator of good things to come for shares of Afriag (AFRI). At 0.36p last seen, Afriag is worth a touch under £5million. There has been little to no market interest in this stock for most of this year. In the last 54 trading session, Afriag has recorded 22 zero volume days and the share price has flat lined. So why might Lenigas feel so committed to this apparent dead duck of a stock?
Why won’t convicted armed robber Daniel Levi and market abuser Chris Oil name the Nomad, willing to back their bid to seize control of Sefton Resources (SER)? Levi has form in failing to disclose crucial information, but in this instance his deliberate clouding of the truth has incredibly serious implications for Sefton and its shareholders. If Oil and Levi are successful in their bid to commandeer the company, Sefton will be forced to delist within 28 days, unless they can find a Nomad prepared to commit professional suicide. Only naïve fools are downplaying the severity of this problem and the strong likelihood it is going to happen.
The flotation of the latest vehicle of Big Dave Lenigas, Lenigas Cuba (CUBA) is on course says a source close to the company and its listing could be achieved as soon as October, and will certainly occur by late November.
Carry on up the Sefton (SER) continues to provide amusement for all with three of the leading players taking to the media to put their case yesterday: market abuser Chris Oil played by Kenneth Williams, ADVFN supremo Clem Chambers played by Bernard Breslau and current Sefton boss Barbara Windsor played by Raylene Whitford. The question that emerged relates to Chambers and Oil – who is the organ grinder and who is the monkey.
On April 2nd 2015 Rangers Football Club (RFC) was booted off the AIM casino, the junior market of the London Stock Exchange. A nominated adviser, Nomad, for many AIM companies has now contacted us to explain how this was a direct result of a covert killing by the London Stock Exchange (LSE) itself. Shareholders in Sefton Resources (SER) be warned…you may be next.
As indicated HERE in Tom Winnifrith’s comic snipe at the unfolding Greek Tragedy that is AIM-listed (for now) Sefton Resources (SER), things are getting serious. Very serious. Shareholders, however small their holdings may be, have a decision to make and a vote to cast. Get it wrong or ignore it and it could be a total wipe-out. Here is why.
A relatively short podcast today from Shipston in Warwickshire as I am recovering from falling down the stairs. No. Before you ask, I was sober as a judge. On the agenda today: a chat with Nigel Wray, Sefton Resources (SER), Gable (GAH), Herencia Resources (HER), China Chaintek (CTEK) and Tern. I forgot to mention Audioboom (BOOM) - more on that tomorrow.
I start by clarifying certain rumous circulating that I am starting new businesses or getting involved with those who do. Au contraire. Very much au ffing contraire. Then it is onto today's ludicrous announcement from Quindell (QPP). I also cover Sefton Resources (SER), Goals Soccer Centres (GOAL), Auhua Clean Energy (ACE) - a dirty AIM dog if I ever I saw one - Asian Citrus (ACHL), Aquatic Foods (AFG), Daniel Stewart (DAN), Iofina (IOF) and of course Monitise (MONI).
Since the end of last week there have been a number of online leaks suggesting an announcement was on the way concerning Sefton Resources (SER). Yesterday, the company’s share price rocketed 26.3% on no news, to close at 0.06p. It would be very interesting to know who was buying and why. Sources have now confirmed that Chris Oil, acting as Daniel Levi Associates, has submitted a letter of requisition for an EGM at Sefton, seeking the appointment of ADVFN’s (AFN) Clem Chambers and Mike Hodges to the board. This is surely unrelated…
Featuring shares of African Potash (AFPO), Audioboom (BOOM), Sefton Resources (SER), Trinity Exploration (TRIN), UK Oil & Gas (UKOG), XTR Resources (XTR), together with some share price targets.
Followers of convicted armed robber David John Hopkins, commonly known as Daniel Levi, have attempted to make light of his criminal background. Levi’s Lemmings seem unconcerned that he lied on official documentation about his former identity and unspent convictions, when he joined the board of Sefton Resources (SER). It will be interesting to see the reaction once Levi’s apologists learn that “Daniel Levi” was refused bail as David John Hopkins in March 2014. This was six months after he last appeared in front of a judge as “Daniel Levi” in connection with the infamous Sefton libel trial.
Market abuser Chris Oil modestly claimed that he was better than Warren Buffett when it came to stock selection. But it seems that the Sage of B&B had a rather bad month or two. In fact his losses on just three stocks since early July appear to be almost £0.5 million. Given that Oil reckons that his family discovered the North Sea, this may well be small change to the Sage of Fantasy, but we suspect however that it is not.
As I sit in a hotel at Gatwick Airport killing time ahead of a flight to Athens, I ponder a walk down to Horse Hill. But enough of never to be spoiled green fields, let’s talk about oil. Sefton Resources (SER) shares tanked again today and are now just 0.04p to sell – the market cap is sub £1.4 million. So when’s the rescue bailout? Is it underway already?
Featuring a look at the shares of Eurasia Mining (EUA), Monitise (MONI), Oracle Coalfields (ORCP), Red Rock Resources (RRR), Roxi Petroleum (RXP), Sefton Resources (SER), with some share price targets thrown in for good measure!
Official court documents we have gained access to show that the gloves are off as far as Sefton Resources (SER) is concerned in dealing with ex-CEO Jim Ellerton’s delusional action against the company. Just when you thought Ellerton’s reputation couldn’t sink any lower he is now accused of having used his consultancy company, C & J Resources, as an “alter-ego” to pay for all manner of personal expenditure, from his daughter’s wedding to “treating” himself to private massages. Better yet, Sefton has accused Ellerton of racketeering, in a series of explosive allegations. This must have come as a shock to dear old Jim, who suddenly now finds himself facing possible criminal investigation. Read the full details below.
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at MX Oil (MXO), New World Oil & Gas (NEW), Oilex (OEX), Sefton Resources (SER), the "dream portfolio" of the man who claims to be better than Warren Buffett, Mr Chris Oil
Tom has just laid the boot into his favourite old whipping boy, Sefton Resources (SER). I am meant to be banned from writing about Sefton and I’ve got to admit the subject is a little tired, but somebody has to speak up for the current management team. Under assault from all sides, including from supposed friends, the current board has not received the credit it deserves for simply not just walking away and letting the company collapse.
Last week we ran a caption context in honour of convicted armed robber Daniel Levi, which also celebrated the effectiveness of the London Stock Exchange in "policing" AIM. This "triggered" a fantasticly witty response from you all and deciding the funniest has not been easy. Below we announce the winner, with special mention to some deserving entries.
I have long wondered just how much ‘dirty’ money is sloshing around in the AIM cesspit, and indeed the main markets in the UK. There have been a large number of events in recent times on the AIM market that have shown just how the lax the regulation is, and you have to wonder whether that extends to rules that are supposed to prevent it being used for money laundering!
This morning The Times published another challenging piece concerning the current business relationships of convicted armed robber Daniel Levi, aka David John Hopkins, aka Brokerman dan. After his “voluntary” confession on Saturday night, it looks like Levi engaged in a little digital spring-cleaning over the weekend. Below I can exclusively reveal the evidence that exposes the latest attempt by Levi to airbrush awkward relationships from his public life.
It is well known that ShareProphets has a long-standing business relationship with ADVFN (AFN). Not withstanding this, the Daniel Levi affair has raised a number of questions regarding his relationship with ADVFN, which do require answering. The easy thing for us to do would be to ignore these questions, but it is our responsibility to report on this story thoroughly and comprehensively.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at Eco Animal Health Group (EAH), New World Oil & Gas (NEW), Sefton Resources (SER)
There were many twists and turns in the six week investigation that culminated this morning in The Times’ exposéof Sefton Resources’ (SER) former Executive Chairman, Daniel Levi, as a convicted armed robber. Revealed by Sefton to have kept his former name David John Hopkins a secret, this was the catalyst for the hunt to discover what Levi had been so desperate to hide for so long. Below I share what I can of the evidence that primary research uncovered.
We should be grateful to convicted armed robber Daniel Levi. Really we should, for he has proven, in the most graphic manner possible, so much of what is wrong with AIM. Formerly known as David John Hopkins, Levi has spent sixteen years in jail for two separate convictions involving firearms. There is no indication that either conviction is spent. It will now be a source of major embarrassment both to the London Stock Exchange and the Financial Conduct Authority that a man with Levi’s background was able to become Executive Chairman of Sefton Resources (SER), without anyone picking up on his criminal past.
Featuring Amur Minerals (AMC), Anglo Asian Mining (AAZ), Eurasia Mining (EUA), Sefton Resources (SER), Xtract Resources (XTR) and Westminster Group (WSG).
At long last clear daylight is now shining on Sefton Resources’ (SER) much anticipated deal to bring in a new CEO and asset to the business. Although yet to complete, with hurdles still to overcome, this is genuinely starting to look like a recovery story people can believe in and get behind. That is so long as the various pantomime characters pursuing the company don’t foul things up with their tomfoolery.
Doc Holiday has just published a phone message left to him by our favourite flavour of the month, market abuser (HERE, HERE and HERE) Chris Oil. It seems like dear old Chris got wind of Sefton’s placement before it happened and called Doc to let him know the good news. We provide an exclusive transcript of the message below.
Just in case anyone is bonkers enough to believe that Daniel Levi Associates is genuinely able to fill in the paperwork properly to call an EGM at Sefton Resources (SER), we now present a helpful translation of this self-styled corporate raider’s highly entertaining last attempt at requisitioning a meeting. (Spoiler alert -- It didn’t go too well).
Just before the close, Sefton Resources (SER) announced that Daniel Levi and market abuser Chris Oil had bought back into the company. This has provoked a furious reaction and it will be very interesting to see how the market responds today. After the first time Mr Levi “saved” Sefton, the company’s share price went up nearly seven times, to an eye-watering 0.39p. Oblivious to the fact that Mr Levi failed to deliver his operational promises and sold a massive chunk of his stock near the unsustainable and over-promoted top, Seftonologists still saw good value in this cash shell with little cash, no assets and an £11.3million market cap. Will this bunch fall for the shenanigans again or will it finally learn its lesson and pay heed to the obvious toxic danger signals now slapped all over this stock?
This morning the inevitable happened. Sefton Resources (SER) placed at 0.065p. Shareholder anger is entirely understandable, but whose fault is this mess?
With controversy and speculation surrounding a number of AIM stocks recently I felt compelled to write a little more about a small cap aim company that has been slammed by the naysayers based on pure ignorance and fool hardiness. I've heard much about Sefton Resources (SER) and what it hoped to do in the near term. Whilst I maintain that the gang at Sefton has been handed a lifeline, it's hardly cut and dry so lets look at a few facts regarding Sefton and the newly readmitted CEB Resources (CEB).
Featuring Northern Petroleum (NOP), Reach4Entertainment (R4E), Sefton Resources (SER), Thor Mining (THR), Transense Technologies (TRT), Wishbone Gold (WSBN)
Hot on the heels of his hilarious appearance at Zak’s Traders Café last Monday, ShareProphets has just learned of yet another deleted Tweet from self-styled multi-millionaire City trader and well-known “invetement” writer Chris Oil. Once again, Chris thought he could escape justice and cover up his market abuse, but once again he was wrong. Our faithful bloodhounds are on the trail and will not rest until this serial market abuser is dealt with by the FCA.
Now my interest has been reignited in the Sefton Resources (SER) story, I’ve been pursuing various investigative leads and have uncovered something pretty surprising. It look very much like Chief Financial Officer Raylene Whitford is a genuinely decent person, who is doing her level best to save this company. Unlike certain previous executives, Miss Whitford is not a serial market abuser, intent solely on lining her pockets at the expense of Sefton’s shareholders.
As reality slowly dawns on anyone foolish enough to have bought into the recent rampant over-promotion of Sefton Resources (SER) and the stock price craters, shareholders can take comfort from tonight’s lavish extravaganza being hosted at one of London’s most expensive venues. Well, at least some of them can.
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?
The share blogger of the year Brokerman Dan is calling on investors to boycott this website because we accused him of over-promoting Sefton before dumping most of his shares (five days after tweeting It's back to the rumour mill on #SER for me chaps! Am I selling? Not on your life. Tick! Tock! Goes the Stryker clock!) and for pointing out that his pal Chris Oil committed blatant market abuse before dumping ALL his Sefton stock. Whatever. IF YOU SUPPORT MARKET ABUSE PLEASE BOYCOTT THIS SITE AND BLOCK BOTH OF US ON TWITTER. However Dan makes a few other points.
So this is it for the Jim Ellerton Benevolent Fund (SER). After one of the most inevitable and agonising deaths in AIM’s history, at 4pm on Friday, Sefton’s directors finally admitted the game is basically up. The proposed “refinancing” will simply prolong shareholders’ agony for a few more months. The sale of Tapia will deny Sefton its only revenue stream and only the most fanatical Seftonologists believe that the company’s Kansas “assets” can be its saviour. Not ones for reading the fine print of RNSs, this hapless bunch has also missed one important little detail. A vote in favour of the revised Hawker deal will see Ellerton keep his pension.
Dr Michael Green is a very, very lucky man. For years he stood should to shoulder with Jim Ellerton and spun many a good yarn about the wonderful potential Sefton Resources (SER) had to offer. Ever the “friend” of private investors, Dr Green was always available to take a telephone call. Always. Tantalising quotes from him blossomed across bulletin boards promising “imminent” riches. There was just one small problem. It was all bullshit.
Just over a week ago, I wrote an open challenge to Sefton Resources’ (SER) board. You will be shocked to hear I haven’t received a response. Notwithstanding the cordial historical relations between Sefton and ShareProphets, I still think my idea is a good one. Sefton’s situation is so dire that only the announcement of the appointment of Hitler, the Devil and, of course, Jim Ellerton to the board could knock the share price any lower. Therefore, the company should seriously consider providing a quarterly (or better yet, monthly) set of unaudited management accounts to shareholders. This would be a radical innovation in AIM’s resource sector. If Sefton’s path to salvation is based on genuine good intent it might even persuade some long-standing bears to reconsider their opinions.
The reporting standards on AIM are atrocious. For roughly nine to ten months of every year, shareholders in the overwhelming majority of companies are left in the dark as to how their company is performing financially. What scarce information there is, is usually out of date by the time of release. The London Stock Exchange really needs to address this glaring weakness, but so long as it maintains the pretence of operating “the world’s most successful growth market” I doubt anything will be done. Sefton Resources (SER) once again provides a perfect case in point why this issue matters so much.
Sefton Resources (SER) shouldn’t really deserve the coverage it is getting on this site at the moment. Even if the proposed refinancing happens, this will only mean the company survives on life support, slowly paying down its bills. Shareholders will effectively be wiped out and the Promised Land of Tapia/Kansas riches tomorrow will be a distant dream. What has happened at Sefton should be a catalyst for the reforms that AIM so badly needs. This company has exposed many of the deep and irreconcilable flaws running through this market. Sadly, I don’t believe anyone in authority is really paying attention and the likes of Jim Ellerton will continue to run riot. That is until they run into the Sheriff and his posse, of course. We are paying attention and today I want to return to this little gem in Sefton’s latest accounts – “included within trade payables above are amounts owed on credit cards in Mr J. Ellerton’s name which are Group liabilities, and not included within the related party balance above.”
Sefton Resources’ (SER) refinancing package has caused quite a lot of bulletin board excitement. The problem is that none of the posters seem to have read or properly understood the terms of the deal. While the bulletin board Seftonologists witter on about 0.8p to 1p a share, they seem not to have noticed the overwhelming lack of interest in this stock. It turns out the market is pretty good at maths and, unfortunately for the Sefton ghosts, is not listening to a word of their murmurings.
On April Fool’s Day, I wasn’t joking when I asked if someone could please shoot AIM zombie Strategic Natural Resources (SNRP) in the head. I just didn’t expect it would be the company’s Nomad and Joint Broker, Allenby Capital, which would respond to this call and deliver the final kill shot! Given that Allenby is Nomad to AIM Cesspit champion Sefton Resources (SER), one really has to wonder how bad the situation must be for these guys to have walked out on Strategic Natural with immediate effect. This doesn’t bode well for shareholders, as the company has until 0700 on July 24th to find a replacement or that is it; curtains.
Sefton Resources (SER) issued an “Update on Refinancing” forty five minutes ago. In it, the company says “the Inter-creditor Agreement provides for the Funder to advance additional subordinated loans to the Group in two instalments which will fund up to two 30 day extensions of the existing borrowing facilities with the Bank”. The “Bank” in question is Bank of the West (not specified by Sefton in its announcement) and these “two 30 day extensions” scream loud and clear what a desperate situation this company is in.
Another year goes by on AIM. Directors get richer, investors get poorer, the regulators find little to occupy their time with. By any stretch of the imagination, AIM is not a healthy functioning market and it is too easy to cheat. How long this can all go on is anyone’s guess, but AIM is in desperate need of urgent and substantial reform. Here are my picks.