"Allenby have over a considerable period of time not only been shadow directing Sefton, (which is in breach of their own as well as Aim Regulations and the Nomads code of conduct) but are guilty of maliciously leaking information to Winnifrith as part of their concerted smear campaign to thwart shareholders from installing a new board with new assets. Assets that are located in the Bahamas with a 4 Billion barrel recoverable resource potential." +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Good news for Dan!. Those assets are still available;
"And Bahamas Petroleum announced that the Government has extended their requirement to drill a well from April 2017 (clearly a non-starter) for another year. Patient shareholders are told that a farm-out or similar, ‘remains in advanced discussions’ for funding or operational partners. This sounds a tad more optimistic but as usual one shouldn’t stand on one leg waiting for it to happen…" ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The bad news is they are still looking for a company with about $60 million for an EXPLORATORY drill.
cant believe that anyone is still asking that question. The answer is of course yes and I wrote it off long long time ago. How you would expect this company every having any value? To all extent and purpose it is as dead as the famous parrot in Monty python's sketch!
Sefton Resources Progress Update 14 March 2017 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! Sefton Resources Inc. Registered Office: Harney’s Corporate Services, PO Box 71, Craigmuir Chambers, Road Town, Tortola, British Virgin Islands A British Virgin Islands Company For and on behalf of the Board. Daniel Levi Chief Executive Officer Sefton Resources Inc. Sefton
Daniel is a well known figure within City of London financial markets. A successful high net worth investor who does not suffer fools gladly. Over recent years he has been involved at the forefront of share holder activism. A former Sefton Interim Executive Director who came to the company's rescue in February 2015 organising a refinancing and negotiating down of over $8,000,000 of debt. Dan also came to Seftons' rescue later in 2016 when it became apparent that the Board left in charge to bring in assets, that only needed a signature, had not only lost most of the money but had lost it's way. Daniel organised an EGM which went uncontested. He returns to Sefton as the single biggest share holder. ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Raises interesting questions; How many shares does he own in the company now?
From the 21st February 2017 press release;
" I myself have personally invested the sum of £15,000. The current cash position of the company is circa £130,000."
How many shares did he get for the £15,000?
Has the number of shares been diluted? There were 'only' 4,796,662,000 shares when they dropped off AIM.
How many shares are there now.?
Look forward to seeing the accounts with a list of major shareholders and just how many they hold. .
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