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By Ben Turney | Monday 26 October 2015
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.
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…
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