Member Info for buller

I really dont understand the conversation on this forum. This share and company has been dead for a long time and the changes that BMD and California Joe has forced through just shows that they have the same disregard towards sharehodlers as the previous directors who these two characters opposed in the past. They are crooks, only in it for themselves and now they just want Sefton as a shell company for themselves. I dont care hwat they do with it but why would I ever invest in a compnay that these 2 were running as they have no track record in turning any company into profit. With no accounts, no cahs status, no updates and no activity none of us have any basis for asessing if any offer is fair but it really doesnt matter No sensible person hasnt written off their shareholding a long time ago. So I will tale the few pence and give them to charity (already claimed the losses agianst profits elsewhere tax wise).

I have learnt a lot from Sefton and could actually write a book about the worse company ever listed, how many bad directors and CEO s have we seen here (some of which were strongly supported by California Joe, who now has deleted me form his Twitter after first trying to convince me to throw my hat in the ring with him and BMD, how stupid can you be?). So many bad decisions, so much lying and cheating and incredible deception. The only good things are teh people I met through the forum and teh many lessons I learnt which has helped make money so many other places ., I actually did end in profit on Sefton considering the profits I made at first but the lessons are helping me in my trading every day.

Good Bye and good riddance Sefton, good luck to you all and please help me warn any shareholders in companies where BMD or California Joe makes an appearance with their ugly mugs!

Thanks Barco David, I can only hope and believe that you are the one and only David (Radcliffe), it would be great if you were. In any event can only agree that HRG was a great company, great people and will be sorely missed as a separate entity. Hopefully you can carry some of that spirit with you in the new life with GBT. The industry needs the thinking you have given it and we who have been in this industry a long time have to fight for the betterment.

Whether I have given you laughs or been quite spot in, I have enjoyed participating in the forum and following HRG and the posts all these years. Of course more than anything the profits I have made on HRG since I started invested about 12 years ago has certainly helped to a much better lifestyle. the mortgage has been paid out, the kids have had theirs, the pension topped up and there will be plenty for the cruises and good times. Thanks, David, thanks HRG and here's to the next chapter!

Yes, a huge surprise. the few people who are fleecing the last few crumbs of the SER table agreed with the head fleecer that they can decide how to split the crumbs between themselves whenever they wish. This company continues being the biggest joke that has ever existed and it would be a great subject for a book except everybody would place it in the fiction section because it is so unbelievable. This latest chapter has now turned teh company into a true dictatorship ala Mr. Putin, but that is probably very apt as he must be one of Brokerman Dan's great idols Nothing more we can do , other to observe the farce develop and be sure to warn anyone of any of the BMD's ventures especially if he ever dares say again he is there for the shareholders LOL. He is there for an only one shareholder and that is himself!

Funniest tweet today on Brokerman Dan levi site: "More HorseShit from #AST No accounts yet on their website.. @colhutch Hurry up. I want to read how much cash you & #Carver have pocketed." Imagine that, a company not posting their accounts so nobody can see what the directors have pocketed . Change AST to SER, Colhutch to Brokerman and Carver to ************** and it is exactly the same scenario , just worse with this company, no accounts for 28 months. You can try going after them in BVI but there is a reason why companies set up over there, virtually impossible to do anything. As I have said I have long since giving up on my money here and have no dreams of getting anything or getting these crooks to justice but that doenst mean that we cant make sure that the public knows about them so they dont do it again and again. If they dont like what i say they are welcome to take me to court, that way all their dirty dealings will come out in the open!

doenst make the slightest bit of difference. Most wont vote and the Board has nearly 50% of the shares

I know, we can go on and on, amazing what you are allowed to get away with and still some people still believe a word he says, but I dont and I hope others wont. Still remember him taking 50.000 when he said he would only take �1 and I might even have defended him then. Never again! The sad thing is that he and the others are going to get away with it, nothing we can do, only hope that whatever investments they have made with our money will go wrong and to be honest with their track records there should be a good chance of that happening! why wont they tell us who are company is invested in?Just everybody be aware that BMD never declares when he pumps a share of he is a holder as decent people should do, and the chances of any share he or ************** are pushing this week will be the ones they are holding with our money through SEfton. Disgraceful behaviour!

the whole thing is a joke and in the remotest funny. What is going on is daylight robbery (no pun intended), not a huge robbery because there cant be that much cash left (but who knows?) How can you have an agm with no aco****s for 2 1/2 years. AGMs are there to keep directors responsible but you cant because nobody knows what has happened on their watch. You can ask why a bunch of random people with experience in running what used to be an oil company are directors, but basically they are there to raid what is left in the company. Read the resolutions and be amazed. Translated they mean we will not allow anyone to be a shareholder who disagrees with us and as soon as we feel the time is right we (the directors, not the shareholders) will close down the company and share whatever is left between us. There is nothing any one can do about as Sefton is no longer regulated. I have said it a long time and I reiterate, this company has been bankrupt for a long time financially and morally, have never had any director in charge who was in it to help shareholders and i have never experienced a worse example of abuse of power over many years. One of the biggest jokes is that ************** who used to defen the original management vociferously when teh rest of us knew they were corrupt has now switched to be one of the corrupt one. He used to contact me and begged me to join the group against Raylene and now my " good friend" has decided to block me on Twitter. The truth hurts sometimes and if you wish to screw your old pals you have to expect they turn against you! I know you lost a fortune on sefton because you didnt listen to the rest of us and you are trying to make some of it back again but you also need to maintain some moral and integrity and you have lost it all. Bi for now!

Fun to see how aggravated BD gets on twitter when confronted asking me to F.Off and name calling considering the campaign he ran against the previous board, part of which he appointed when he was in charge at his first raid on the remainder of SER's cash. he asked me to join his campaign against that board which I was happy to do as I hate boards misinforming and abusing shareholders but then it cant surprise anyone that I cant accept that this board is manipulating the last few investors who believe in this company ever rising form teh ashes. For me calling an AGM without accounts for the last year is a joke and the resolutions proposed are those of a true dictatorship. Instead of threats and covering up be transparent which is what you normally ask everybody else for, tells us the plans, tells us how the Board suddenly owns nearly half the shares and tell us how there is any future for this company. if you focused on this which is what you asked when you were a shareholder and not a director yourself, you might yet again gain our support!, but for now not a chance!

Not only is this company the most corrupt of all times but it is farcical to expect that it will ever be viable to have any meaningful activity again. No there will be an AGM which will not discuss this year's accounts and the activities since the new management took over, no they will discuss results under the management ending 16 months ago. what a joke! They will also introduce some resolutions that allow them as a board to buy out any shareholder they wish if they are not happy with them and their behaviour and secondly they as a board can decide to buy all shares any time they wish. This is putin like behaviour, no dissent and if things by some miracle shoudl look better we can buy you all out with a decision from an AGM, the board is now a dictatorship and these are the people who complained about the old boards. It seems this company has an ability to attract only crooks and that being on teh board of this company causes a serious attack of superioty. They say they will payout any shareholder that wishes to sell, nobody knows the price as nobody knows the capital. If it was 144000 as was the last number we were given. With about 9 billion shares, I guess it is about �15 per million shares. I have said it before and I will say it again, this company is bankrupt and only exists for the directors to share the last of the spoils.

Chartist, Really appreciate yourpost and agree with a lot of what you say. generally I am not a shorter because market forces naturally pull upwards and people prefer to buy than to sell. If you ever done sports betting and especially spread betting the quote is always on the high side because peopel prefer to see more goals, runs etc but you can make more by selling in most cases. I do think they build in the RI in the quotes so there probably isnt any free money to be had. DD77, I might naive but I think that you are worng if you think that the rise was based on fundamentals. The day the RI can be traded you will see an accumulated price based on the 41 shares instead of the 24 and teh price will fall accordingly. That is pure mathmatics. If the price just now adjusted is around 725 it is still up quite a bot from the lows on Mondayand that is becasue of the strong message we got from the company yesterday that the corner has been turned. However for the price not to dip below 850 it has to go up quite a lot before the RI, havent worked it out but will probably need to be around 1200 and I doubt that very much. Those who really want to make a good profit bought yesterday at 800 and all the way up to 1000.

One of my absolute favourite shares, got in during the crisis over 10 years ago and it keeps giving and giving. Great dividends and people are being misled by the headline figures as usual, therefore teh big sell-off but as always it comes back so I have been in this morning and bought a new chunk. Might not give me 20-fold like the original ones but will be very happy with 10-15 % rise and the dividends

So the question here is: I am now holding quite a lot of these and of course intend to buy as many as I can of the rights issue )if anyone dont intend to buy them or dont have the cash , let me know and I will do you a very good deal), but as we all know that the price will drop about 300 points when the new shares will be traded why wouldnt I take a separate shorting position today.? I havent looked but is the new share prices built into any shorting price I would get. Anyone else thought of this? any opinions?

RI doesnt automatically mean a rise in price, all depends on the circumstances and here you have a company who is using the rights issue to close a very bad chapter but where where every thing else in the company is looking very good and they came from a price above 3000, so still very cheap if they return to former glory in the next couple of years. Also as listed below you have to see the Issue price together with the present price, take 24x1000 and 17x 315, divide the whole with 41 and you get around 716 which is the fair price that it has to stay above for anyone buying in today after the new shares start trading for it to make sense to buy. Actually not quite illogical, makes a lot of sense which is so many jumped at the chance to get the shares at even lower prices earlier today

I believe it is 19 march but think you should check with your broker

As I understand it anyone in posession of shares on teh record date will be available to buy 17 shares at 3.15 for every 24 shares they posess. That means that peopel buying shares to day will still be able to get the cheap shares which is one of the reasons why they have been so popular today. They can be traded from the 10th of april and if the price based on the shares you buy now is 10, if teh price is above 7.16 you should be in profit (ignoring trading costs). Hope this helps.

It will never get near the price you are waiting for again. Look at the fundamentals again. the only reason it dumped from teh 3000 level were the problems which have now been solved, yes , at a cost which is hwy we are nowhere near 3000 and wont be for some time.But the fundamentals are still very good , they ares elling their products to consumers who have no idea of the problems of this company (the products all have separate names so nobody relates them to provident even if the public knew about the problems). There is simply no reason for this share to get anywhere near the bottom again and buying the shares now which will allow you to buy the issue shares will give great profits and then it is onwards and upwards for a good long term holding! If you wnat to wait for under 600 you will never get into this share again

will take any bet with you that it will not be anywhere near that!

The results are very good, always have to look at what was expected and if better than that then teh reults are good! More importantly the future forecast is great, return tonormality and future dividends,look where the share came from before the crash. Even more important all the bad news are gone and everything settled. and finally you can buy a lot of shares at the rights issue price, who wouldnt want to get tehir hands on these shares to day. I really cant understand why people keep shouting about shorting or back to where tehy came from today, but keep talking them down while the rest of us are buying and making money. This was a pure gift and will continue to give!

I think many of you are completely blinded by the rights issue. Everything else that has come out today is very positive and there is nothing the market hates more than uncertainty. The drop yesterday looks more and more like a technical one. Look at what has come out today: Settlement of the main dispute repayment and fine inline or below expectations and a solution how that is going to be financed Sales figures in otehr parts ofthe business up despite the bad press and news Company stillt rading profitably promise of future dividends starting from next year I think that today is the beginning of the long climb to former glory. Look at where this share came from before the debacle. I ma not saying we are going back to 3000 but there is no reason we cant see 15000 over the next year. This company was a great company not too long ago and form today it can start looking forward to being so again. I bought originally at around 750 and bought a lot more yesterday, not for a quick profit but for a long term (minimum 18-24 months ) hold. GL to everybody especially if you are shorting, you will need it!

I think many of you are completely blinded by the rights issue. Everything else that has come out today is very positive and there is nothing the market hates more than uncertainty. The drop yesterday looks more and more like a technical one. Look at what has come out today: Settlement of the main dispute repayment and fine inline or below expectations and a solution how that is going to be financed Sales figures in otehr parts ofthe business up despite the bad press and news Company stillt rading profitably promise of future dividends starting from next year I think that today is the beginning of the long climb to former glory. Look at where this share came from before the debacle. I ma not saying we are going back to 3000 but there is no reason we cant see 15000 over the next year. This company was a great company not too long ago and form today it can start looking forward to being so again. I bought originally at around 750 and bought a lot more yesterday, not for a quick profit but for a long term (minimum 18-24 months ) hold. GL to everybody especially if you are shorting, you will need it!