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Hi KublaiKhan Why the great rush to sell by the 5th of Jan? What 5 billion barrels in Barbados?
KK I'm afraid we have no factual evidence of either of these offers and for all we know they may have been fictional or highly elaborated in order to string shareholders along... I see ur point re CO and to be honest I agree there are a group closely linked to the new BOD who are looking to minimise their losses in any way possible and certainly don't care about any other pi's involved however this approach may be more of a liability than its worth...
I agree with you Chri
Jas I don't care that he didn't say merry Christmas to be fair it would be weird if he did in an organisational announcement like that... I was referring to how he states shareholders as an asset as the only asset shareholders are to a company in sefton position is to raise money ... which to me sounds like the basis of a request for funds
Ha ha Yes im not really in the market for a dead oil field with huge liabilities at the moment..
Clem said Merry Christmas to me in the email he sent me last night informing me that the statement was on the website. What does it matter if he dosen't say Merry Christmas ... it's not a Christmas card its a CEO Statement. ps... KK it was Sainsburys turkey I had haha. I would never shop at Tesco (the small town destroyer)
Merry Christmas indeed!
http://www.seftonresources.com/news/pressreleases/sefton%20AGM%20statement%20first%2017%2012%2015.pdf Merry Christmas
Not forgetting "Good Health" Yule Tidings, one and all
Happy Christmas to everybody and remember peace and happiness is the very best thing anyone can possess.
To all!!!
Merry Christmas to everyone on the bb's. Hope you all have a great Christmas and a Happy New Year.
Well thanks for the advice... However as I am still invested and there is still 300k in the pot I feel I am in a position to ask and voice my opinion.
As you say yourself wake up and smell the coffee. You have almost certainly lost your money. Just move on and stop blaming others for your very unwise investment decisions. You made the decision to invest in SER, and nobody forced you to part with your money.
Thanks for the info.... be interesting to see what happens to the remaining cash then.
Hi Chri, As I posted the other day the tax losses related to Tapia, which is where most of the Ellerton era losses accrued, rested with TEG Oil and Gas USA which as you know is now owned by Hawker. Any tax losses related to Kansas will undoubtedly be part of the sale of those assets. In any event for Sefton to use them they would need to be developing oil/gas assets in the US since that is the territory in which the historic trading losses took place. Sefton itself is a BVI corporation which therefore has a corporation tax rate of zero. There may be losses related to expenditure since the administrative office was brought back to London and related to the Indonesian asset investigations but you would have to get clarity from the company as to the status of those but I would not expect them to represent material value in any case that could be made for what Sefton could bring to any future opportunity. As you indicate it would seem that Sefton's attractions for any such future opportunity begin and end with whatever is left in terms of the cash available. They have no worthwhile assets and no expertise to offer.
Maybe Clem could confirm the position of our Tax losses if any as if these are none existent or have covenants surrounding them I really don't see what there is left to sefton asides from the 300k.
Spot on Buller. I've started up and run several companies I would not want loads of rubbish and past problems tangling around my feet for ever more; you can only work 16 hours a day getting a company going, any more time breaks into sleep and food time. Perhaps these people don't sleep.
Moved his smokescreen campaign to twitter it seems. Before this bb stops working, did anyone else pick up on Dave's running Superman joke? Stryker not Strangeways was my fav.
Reproduced below is the most intelligent post since the AGM. As regards the "90% vote / ViVA CLEM" brigade , your posts are amusing. The only alternative was to wind up the company. "So apart from an awful lot of exclamation marks, shouts of "shocking" and tasteless and bizarre accusations of rape, seemingly all that has happened at the AGM has been talk of the recent decline in the cash assets of the company. Jossy's "shock" resignation had been pre-announced in the RNS of 23 October. I am not sure if settling outstanding invoices, even if from consultants and PR companies, can or should really be likened to sexual assault. As for the future, nothing except vague talk of undisclosed plans that will (yawn) need to be kept secret from the shareholders for an indeterminate amount of time. Presumably the new BOD see something of value to make it worthwhile organizing the swamping of this BB with their cheerleaders, but I can't for the life of me see what it is."
I've not seen any official notification, and no mention on their website. So not a good start for the new board, or keeping the shareholders informed ;-((
Has there been a written statement from the AGM?
Hahaha, true I suppose the prices given live are still from the same source, therefore wrong
That's what I was thinking Wassatt, apart from live prices which most of the time don't work. No point having premium just for that. Now I can afford 2 extra fish suppers every month lol