By Tom Winnifrith | Wednesday 15 March 2017
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.
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.
Mr Levi should note that a company is a singular not a plural and thus he should write "a company is" not "a company are" but as ever life at Sefton seems entertaining. Though delisted from the AIM Casino it appears not to be dead although it seems to be having a few banking issues. But if you are having problems getting money out of a bank, who better to sort out that problem than Dan Levi? The really good news is that former boss JimmyLiar Ellerton has been crushed in Court and Levi seems determined to make his life a living hell. In that regard, I must say: All power to Levi's elbow. The letter from Comrade Levi reads:
1/ The company are pleased to announce that the third and final outstanding court case in the USA, brought by the vexatious former Director John James Ellerton, has been dismissed with prejudice by the courts. The company will now seek legal advice on further punitive damages and compensation against Mr Ellerton.
2/ Sefton are currently in negotiation’s regarding a small producing oil asset on the African continent. Circa 100bopd. Due diligence is proceeding.
3/ The net cash balance of Sefton Resources has risen to £144,000.
4/ Due to the complexity of Seftons current banking arrangements third party payments cannot be made on invoice from the Forex account. The CEO, Daniel Levi, has agreed to personally pay down outstanding invoices, particularly USA legal fees. Mr Levi will be reimbursed once suitable banking arrangements are in place.
5/ New Directors have been approached and will be on-boarded over the coming months.
6/ A new brand logo reflecting the company’s determination to battle in the face of malicious adversity will shortly be incorporated.
The company would like to take this opportunity to once again thank Mr Chambers and Mr Hodges along with our USA legal counsel for their sterling work on behalf of all shareholders regarding the US court case win. Once again, the company reiterates that it will take on and fight to the bitter end those who have attempted to subvert, with lies, the true state of affairs within Sefton Resources. The gloves are off!
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