We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Probably the only practical way to apply lawful pressure is by approaching the BVI authorities. https://www.careyolsen.com/briefings/continuing-requirements-for-bvi-companies/ Extracts; "Financial records A Company must maintain financial records (and underlying documents) that are sufficiently detailed to show and explain the Company's transactions and which will, at all times, enable the financial position of the Company to be determined with reasonable accuracy (the "Financial Records"). MLAT provides that the Financial Records must include accounts, although it does not stipulate any accounting procedures to which the Company needs to adhere." "If a Company fails to correctly maintain its Financial Records in accordance with the Act, it commits an offence and is liable on summary conviction to a fine of up to US $50,000."
The FCA do seem passive MRPlumper. Perhaps a letter of an e-mail to them highlighting concerns regarding the lack of proper accounts might prompt a response. Trouble is; SER is BVI registered and not on AIM anymore. Can they act? Here is the important legal requirement to keep proper records as stated by Sefton themselves; RNS Number : 9806E Sefton Resources Inc 08 June 2012 Adoption of new Memorandum and Articles of Association, and Notice of the Annual General Meeting of Members Extract; "Accounting and audit The Company is obliged under the New Act to keep financial records that (i) are sufficient to show and explain the Company's transactions and (ii) will, at any time, enable the financial position of the Company to be determined with reasonable accuracy." http://www.morningstar.co.uk/uk/News/NewsFeedItem.aspx?id=200413911587537 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Perhaps BMD will be asked by a brave soul at the AGM? " Where are the accounts for the last TWO YEARS?"
When BMD became the DICKtator of Sefton He wanted you to prove you had shares in the company This i did but left out the amount of shares i owned as i thought it's none of his business His reply was to basically laugh at me So now anyone mentioning him or chambers gets pointed in the direction of the fiasco here But what can we do the FCA are a waste of space imo
BMD has de facto total control. With over 45% of shares in directors hands Buller is correct; the result is a forgone conclusion. BMD for all his professed socialist views is nothing but a hypocrite and a self serving capitalist. He is the "unacceptable face" of capitalism . Why rob banks when you can so easily relieve share holders of their cash by being a CEO of a BVI company and award yourself unlimited numbers of shares. No doubt BMD will tweet again about his SER critics ; menacingly tweeting that "the gloves are coming off" . Who will have the guts to attend the AGM and tell him straight what they think?