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Sefton Resources Inc. Share Chat (SER)



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cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: BIG numbers
16 Jul '17
Yes all must play by the rules.

Did Clem when he 'avoided' an EGM, or when he failed to give shareholders an opportunity to attend an AGM as specified in the companies articles of association?

The new NED'S have duties and potential liabilities;

http://www.mondaq.com/x/221686/Directors+Officers/BVI+Companies+Directors+Duties+Indemnification+And+Protection

Extract;

Directors must always bear in mind their duties to the company. These duties are codified in the BVI Business Companies Act 2004 (the "Act") and include:
⦁ Acting honestly, in good faith and in what the director believes to be in the best interests of the company;
⦁ Exercising their powers for a proper purpose, including not acting in a manner that contravenes the Act and the memorandum/ articles of the company;
⦁ Exercising their powers and performing their duties with a level of care, diligence and skill that a reasonable director would exercise in the circumstances, taking into account the nature of the company, the nature of the decision and the position of the director and the responsibilities undertaken by the director.

Transactions entered into in breach of these duties may result in personal liability for the directors
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
 
MRPlumper
Posts: 2,148
Opinion:No Opinion
Price:0.00
RE: BIG numbers
15 Jul '17
The thing is cyan
If they are playing by the rules
There's naff all anybody can do about it
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
BIG numbers
15 Jul '17
Good afternoon MRPlumper.

SER is not a going concern and the last person I would want to be associated with is Dan LEVI. His record is appalling. So its a NO!!!

I see ************* (chris Bailey) is claiming the NEDS are working for free. Patently untrue as the NED's declared remuneration is 300 MILLION shares.

There are , at the moment, 6,449.299,416 shares in issue.

If the company has ,say £150k each share is now worth 0.0023258 PENCE per share.

When the NEDS are issued with their 1.2 Billion shares the shares in issue will , in theory number 7,649,299,416.

However, I am assuming the NEDS pay will be paid in 12 months time. By that time I am sure LEVI and the other director already in place will likely have awarded themselves even more shares. Lets say just 600 million as a possible number.

Shares in issue will then be 8,249,299,416. Assuming the company has £150k still (may have gone up/ may be lower, of course)

At that point each share will be worth 0.001818336 PENCE.

The NED's 300 million shares would,then, on possible wind up distribution ,be worth £5,455 to EACH NED; A total of £21,820 for their joint services. Are they really needed?

On 31st December 2015 there were 812,741,519 shares in issue. It appears likely to me that , by next year, the number of shares in issue will have ballooned by more than TEN fold!!!! in two and a half years.

TW is right to highlight the NED's possible legal position . It is possible for them to take out insurance in case they are cited in legal action. I hope they have thought everything through..

One can only guess what company TW is on about.
MRPlumper
Posts: 2,148
Opinion:No Opinion
Price:0.00
RE: Tripe
15 Jul '17
Cyan2
With your knowledge of the company i would have thought that you are the ideal person for the job yes no
On this subject if anyone looks at shareprothets
TW was offered a ned position in a company
Look at the last sentence was this the company?
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: Tripe
13 Jul '17
Good evening MRPlumper;

Why don't you apply to become the fifth NED ?. That position has not been filled for some reason. There was supposed to be five; see here;

http://www.seftonresources.com/news/pressreleases/SeftonUpdateApril142017.pdf

Extract;

'Director on-boarding

4/ Sefton are pleased to announce that as per its investing strategy, five (5) new directors will be
joining the Company.......'

I wonder what the qualifying criteria is?
One things for sure the gang of four new NED's will have effectively diminished the value of every other shareholders shares by approximately 20% when they are paid with 1.2 billion new shares.

Alright for them if shortly thereafter a decision is made to wind up and distribute. Now there's a thought.!

Let's see what happens in a year from now.
MRPlumper
Posts: 2,148
Opinion:No Opinion
Price:0.00
RE: Tripe
13 Jul '17
Morning cyan2
Sent email yesterday
Got a reply from dan needing proof of identity and share holding
Won't be pursuing this any further
But still hope one day to see a return
Sometimes dreams do come true
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: Tripe
13 Jul '17
Good morning MRPlumper,

I would not expect great things from the 'new board' . The four will act as NED's and are existing SER holders sitting on large losses .

The clear driving force in control of SER remains Dan LEVI.

I very much doubt he will be demanding a 'forensic audit' into his mate Clem CHAMBERS stewardship of the company.

A question I would like answered is in respect of 'consultants' employed during team Clems time in control.

Who were they? How much were they paid? Was Dan LEVI receiving cash for services during that time?

No accounts mean we can only speculate as to the possibilities. Why didn't Team CLEM produce accounts?

If you do some research on the pair you will note a long standing and continuing relationship.

Dan can not shirk his responsibility in demise of SER. He has been pulling strings for ages.

He was responsible for Raylene's appointment.
He was behind Team CLEM and thus the losing of the AIM listing.

That loss was CATASTROPHIC.

Can anyone seriously continue to argue that; ' the 'company is in good hands'?
MRPlumper
Posts: 2,148
Opinion:No Opinion
Price:0.00
RE: Tripe
12 Jul '17
Cyan2
I totally agree with you
Perhaps it's time to start firing of a few emails
Hopefully the new board will start to answer some of the questions
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
Tripe
12 Jul '17
If SER was wound up earlier many investors would not have been deceived into investing in this disaster area and losing their money.
Current shareholders would have received a lot more back than they could now after 'Team Clem' bled away most of the remaining cash.
Here is one of my earlier 'tripe' posts.

'SER Wind up 5 Nov '16

Remember this statement?

" If Mr Chambers and Mr Hodges are not elected at the AGM, then a resolution to wind up the Company will be put to Shareholders."

You resolve to wind up when the companies prospects are hopeless and it is not a going concern .

If it was wound up last year shareholders would have received a lot more than you will get after a year of Team Clem bleeding the remaining cash.'
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Clem debunked after 19 months leaving the company £190k poorer and FAILED TO PRODUCE ACCOUNTS to explain where the money went.

Why did he not publish accounts?

In accordance with International Financial Reporting Standards (IFRS) as adopted by the European Union.

"The Directors are responsible for keeping proper accounting records that are sufficient to show and explain the Group’s transactions, with reasonable accuracy at any time, the financial position of the Group,for safeguarding the assets and for taking responsible steps for the prevention and detection of fraud and other irregularities."

How much did Clem 'pay' himself?. Does not look like we will ever know as he subsequently effectively gifted the company to his mate Dan after ignoring an EGM request.

Its a scandal
Spelbound
Posts: 245
Opinion:No Opinion
Price:0.00
RE: Robert34 AKA Cyan
12 Jul '17
Robert34 - my apologies. Although, you might as well be Cyan as you both spout the same old tripe. You seem very bitter towards the BOD's that have actually saved SER and continued to keep it going. SER would have been dead and buried a long time ago if it wasnt for Levi, et al. Yes there have been ups and downs, false dawns (Raleyne and Jossy era) but as i stated before the real crook is Ellerton.
Who knows, one of the 4 investments might be in Bahamas oil!
Robert34
Posts: 866
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
11 Jul '17
"Who was it who once it boasted about negotiating biilions of barrels of oil potential in the Bahamas??

Answer : Armed bank robber Hopkins / Levi
Robert34
Posts: 866
Opinion:No Opinion
Price:0.00
RE: Robert34 AKA Cyan
11 Jul '17
Spellbound.
You are incorrect.

I know nothing about the poster Cyan.

Do not post incorrect or misleading facts.
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
"returning value"
10 Jul '17
"Give it a rest now Cyan, let the board get on with the day job of returning value to genuine shareholders"

If you post conspiracy drivel about 'SER haters" you will get a response. You are in a fantasy world.

SER now has 6 directors " returning value to genuine share holders?" How the hell does that work if they are 'awarded' hundreds of millions of shares; and for WHAT?

"Genuine" SER holders have been, and continue to be, diluted into oblivion.
Johnny_Cash
Posts: 1,229
Opinion:No Opinion
Price:0.00
RE: Miracles
10 Jul '17
Did you troll my Johnny_Cash posts to find out I was JAS ? LOL you have too much time on your hands.
I've never hidden the fact that I am JAS.
No I was not banned.

Give it a rest now Cyan, let the board get on with the day job of returning value to genuine shareholders.

JAS123456
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: Miracles
10 Jul '17
"Why would he want to disclose the Investments, think about it, better done under the radar so none of the SER haters can go cause trouble for our Investments.."

Are you being serious.? How on Earth could anyone cause trouble for such a tiny investment. Get real JAS.

And whilst we are communicating ; why have you stopped using the avatar JAS123456? Were you banned?
tozerk
Posts: 2,736
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
Sorry, Dan's play thing? Surely he'd have better things to do than fanny around with £85k here.
Why would he bother with all the agro attached with trying to do something.
Hopefully he's as good as his word and is trying to get people their money back/
Suppose we'll have to wait and see.
Johnny_Cash
Posts: 1,229
Opinion:No Opinion
Price:0.00
RE: Miracles
10 Jul '17
Why would he want to disclose the Investments, think about it, better done under the radar so none of the SER haters can go cause trouble for our Investments.... I'm sure you understand that.
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: Miracles
10 Jul '17
Dan should release details of the 4 'investments' so SER holders can follow and root for them.

Why Dan brought in 4 NED's is a mystery. 300 million shares to each; another 1,2 billion added to the confetti.
Looks like a carve up with some mates to me.
Yorkshireman
Posts: 1,703
Opinion:No Opinion
Price:0.00
Miracles
10 Jul '17
Do happen ----------- read the bible --- Maybe Dan Levi now believes -- and will do the right thing -- over to you Dan
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
Hi MRPlumper.
Nice to converse with a reasoned individual. Without knowing your average its hard to assess how 'difficult' it is to recover much of your cash.
The bottom line is there are 6,449,299,416 shares in issue.
What stocks Dan has punted £85k on is a mystery.
.Do miracles happen?
MRPlumper
Posts: 2,148
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
Cyan2
Thanks for the reply
Back in the days when perhaps it should of been closed
There probably would not of been any money for pi's
At the moment there's a very slim chance pi's just might see a return
So in my mind it's the best we have at the moment
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
SER should have been wound up and what remained distributed. Team Clem burnt £190k with nothing to show for it.

There is so little left and the company has effectively become Dan's play thing.

Have a read of the latest SER update;

http://www.seftonresources.com/news/pressreleases/SeftonUpdateJuly2017.pdf

The companies business is now down to gambling with just £85K.

Who was it who once it boasted about negotiating biilions of barrels of oil potential in the Bahamas?

Its come to a very sorry pass.

"The company is now in good hands and progressing well."

Really johnny_cash?. I think you are the one that needs help.
Johnny_Cash
Posts: 1,229
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
@cyan I fear you may be suffering from OCD, You have been posting the same stuff here for years and you have never been a holder. You posted 17TH OCT
Observation

Hi again. No, i have never held SER shares and no intention of buying any. As i have tried to explain before, the reason i post here is to share thoughts & information on the individuals who have come to exploit SER. I have witnessed too much market abuse in my time , much of which was on ADVFN by the use of multiple avatars misleading investors.

Thankyou for your concern over the years, taking time out your busy life to post everyday over the years on a share you where never invested in. The company is now in good hands and progressing well.

You should look into "cognitive behavioural therapy" it may help with your obsession with Sefton and Dan Levi.

- OCD is a disorder. The amygdala (a small organ in the brain) causes inappropriate OCD, which fuels the obsessions and compulsions experienced by the sufferer. OCD treatment must address the core anxiety that fuels OCD and not the rituals or obsessions, which are superficial.

As with all Mental health conditions, treatments in the form of medication will, at best, only 'mask' the symptoms of OCD. The underlying anxiety that causes OCD cannot be cured by drugs, as it is a behavioural condition, 'learned' by the amygdala.

By eliminating the inappropriate anxiety, OCD loses the very fuel it needs in order to survive and simply fades away - this is the only conclusive OCD treatment. The sufferer self perpetates his/her own condition, it is a learned behaviour. OCD falls under the bracket of (GAD) General anxiety dissorder.

All the very best to you and I hope you get the help you need.
MRPlumper
Posts: 2,148
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
Cyan2
I'll ask you the same question I have asked others
What would you like to see happen with the company
cyan2
Posts: 1,024
Opinion:No Opinion
Price:0.00
RE: RE: Robert34 AKA Cyan
10 Jul '17
Who was it that lost the company's only valuable asset; its AIM listing?
Have you forgotten?
Who was it who facilitated "Team Clem" in taking over and shareholders losing their voting rights?
Yes Dan supported clueless Clem, the man without a plan; hailed to high heaven as the saviour. What did Team Clem achieve in their 19 months in charge?
They spent an average of £10,000 every month and then walked away. Who was it who loudly ranted about 'misconduct' having that 'forensic audit' and , would you believe it; going to call the police in; Man of iintegrity Dan whinning to the bill; hilarious
.Dan, the man who worked hand in hand with the idiot Chrisoil misleading shareholders .
And where are the accounts Clem promised.? How much did he 'pay' himself?
How much more of the history do you need reminding of?




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