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Ellerton vs Dillabaugh – a generous offer for Sefton’s Jim

By Tom Winnifrith | Friday 19 July 2013


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.


Ellerton vs Dillabaugh is a fascinating case. Jim Ellerton borrowed $400,000 from Gary Dillabaugh, a Colorado dentist who also seems to have been Company Secretary for Sefton Resources (SER). Ellerton refused to repay the loan. I described the other day how this went to Court and what the state of play is today.

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