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By Nigel Somerville | Sunday 9 October 2016
Disclosure: I own shares in one or more of the stocks mentioned. 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.
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.
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