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.
It just gets worse and worse for Sefton Resources (SER). A few days ago I wrote that I thought the company was “circling the drain”. Today it looks like it is in default. It just hasn’t officially announced that yet. Instead it has (once again) left it to readers of its shambolic RNS statements to piece together just what the hell is going on.
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