Member Info for cyan2

Not sure about break-even. Remember they paid 34p a share for 14 million.

There is an April update on the companies web site; I can not see any good news in the release. More confetti has been issued. Mr Barnes now owns 5% of the shares and Mr Levi 21.4% The number of shares in issue is now 6,449,299,416. Previously 4,796,620,000 More dilution. You can read all from the link on the company's web site; hTTp://www.seftonresources.com/

hTTp://guerillainvesting.co.uk/2015/07/10/sefton-resources-we-have-a-new-way-forward/ Extract; "Any changes on Sefton, could involve bringing in further assets from the Bahamas if the Indonesian deal fails to complete. Assets that we are actively negotiating." hTTp://guerillainvesting.co.uk/2015/10/12/sefton-resources-i-accuse-allenby-capital-of-leaking-inside-information/ Extract; "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; hTTp://www.malcysblog.com/2017/03/oil-price-far-limited-rockrose-energy-igas-energy-solo-oil-plus-links-savp-sdx-igas-finally/ "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. hTTps://www.bloomberg.com/news/articles/2013-04-19/bahamas-expects-to-strike-oil-even-after-cuba-exploration-failed +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++= How did the negotiations go Dan? lol I award BMD BrokermanDan the award for the most ludicrous pumper and dumper of the decade.

Directors profiles as can be found at; hTTp://www.seftonresources.com/about/management.aspx Mr Daniel Levi Chief Executive officer Sefton Resources Inc. 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. .

On 23rd October 2015 Trading ceased. Team Clem were in full control. At the time an rns was issued stating the cash position was $504,300 or circa £320,000. Daniel LEVI states that the current cash position NOW is circa £130,000. Assuming that Daniel LEVI is telling the truth; then Team CLEM spent £190,000 in cash. Despite continual denials it is clearly evident that Team Clem WERE spending £10k a month through their tenure, and its unaccounted for.

I keep reading this line from Clem and it is very odd; "They have invested at a small premium to the projected value of the company’s net cash, £15,000" Why didn't Clem state how much cash they had? "a small premium to the projected value of the company's net cash" means that £15,000 is a bit larger (premium) than the cash held. Clem avoided giving a number , why? Why didn't he keep his promise to publish accounts? Everyone will just have to accept Dan's word on the cash position. This £15,000 raises questions in itself. Why did BMD have to invest £15,000 if SER is so cash rich with £130k soon to be bolstered by £250K? What does BMD get for his £15k? How will people be able to value the shares and sell them in this unlisted private company. Who will be managing the shares? Clem was the great hope with all his wonderful connections and yet failed and was proposing wind up. If that happened in 2015 shareholders would have gotten significantly more back. Will just have to see what happens next. Never a dull moment. Will Share Prophets comment on the news?

On 1st september 2016 Clem wrote; I have been asked to update you on our money/cash situation. As of writing, including our legal insurance cost refunds and after extensive work reorganizing the company structure with associated costs, we have approximately £300,000 in cash and cash receivables (£190,000 in cash and $140,000 via the lien). Our overheads are now small so we have time to look for the right opportunity. When that opportunity does arise I will of course let you know. http://www.seftonresources.net/news/pressreleases/Sefton%20Update%2001-09-16F.pdf In the 6 months since, where has all the money gone? We learn how much has disappeared from this line today; "They have invested at a small premium to the projected value of the company’s net cash, £15,000."

What!! "They have invested at a small premium to the projected value of the company’s net cash, £15,000." OMG! Is that all that's left? So they were blowing more than ten grand a month. Scandalous . Ten months on from promising the accounts clueless Clem passes the scant remains to BMD. The continued absence of any accounts is outrageous. Any shareholder should ask has happened to all the money and how much they have been further diluted by the new interest.

Interesting comments follow their blog, Robert34

Who in their right mind would pay for their tips. What a pair. As each day goes by Clem's credibility is further eroded. 2017 now ; what he has done for SER shareholders? What about the accounts Clem,? When is/was the AGM? Are you going to allow an EGM? How much cash have you taken Clem? What's left?

I like a good read. Where can I find Clem's latest work please?

Looks like BT has his sights on influencing BLVN. Share prophets has a report on that scheming and in the comments section below there is an intriguing reference to SER. I wonder what the news is? hTTp://www.share prophets.com/views/26428/exclusive-flip-flop-ben-turney-forms-bowleven-action-group-sack-the-board "wildrides • 2 hours ago What did flip flop achieve with his intervention at Sefton and Teathers ? I would have thought with your role in promoting Teathers (TEA) to the masses you would be following weekly the progress or otherwise Flip Flop is making on that front . It all goes quiet very quickly on bad calls you have made . Never mind Potash share holders , what about your own tip ( TEA ) holders ? • Reply Tom Winnifrith Mod wildrides • 2 hours ago Sefton and Tea watch this space, news soon. I have followed TEA religously as you know. NEW he kicked out the crooks. I guess you missed all that as you were too busy FYB with LGO & FJET shares"

"the only value this company is the shareholder base". That is not much of an 'asset' imo. Of course there is a cash pile, but how much? Could be anything between £100k and £300K. We just do not know how much has been paid to the 'consultants' or how much 'pay' team Clem awarded themselves. The amount of cash left is pathetic what-ever way you look at it. This company will never re-list imo. The authorities are not going to let these chancer's play on the market again. The fees alone are prohibitive even without the incredible team calling the shots. GIGANTIC refinancing would be required and a new credible management with a PLAN; Clueless Clem never had a coherent plan. Who would be mug enough to 'invest' more in this tainted disaster? There are many better 'shells' out there. When Clem talks about the shareholders being an asset was he thinking he could tap them yet AGAIN for cash.? It appears the company is being bled to complete extinction and what cash remains will never be returned to the shareholders.

Hi brighters123. You are quite correct ; they do not have to accounts as per listed companies. However, on 19th May 2016 Clem WROTE; "Meanwhile, the accounts are being prepared and we will update you when they are released or before if there is anything material to report." His team promised openness and transparency but have been the complete opposite. The company's articles have not changed. The shareholders have rights to call an EGM and attend an AGM; all rights ignored by Clem. Team Clem made serious allegations against the previous board and talked about a forensic audit. BMD was indignant and even refereed to calling the police in (don't laugh!). It appears all these comments were just hot air and completely unsubstantiated. I am beginning to wonder what truth there is in anything they state?. We only have their 'unaudited' allegations as to how much was left to them. It appears they are desperate to stop anyone else getting hold of the books. Do they read like a crime novel Clem? What have you done with the cash Clem?

A bit of history showing that Clem's previous services as a SER NED were VERY expensive. The question is , who has been paid what in the 14 months he has been in charge?. Clem does not say. He refuses to allow shareholders rights and has failed to release accounts he promised TEN MONTHS ago. Plenty of grounds to be concerned. The promise of transparency and openness rings hollow now. http://www.share prophets.com/views/13240/sefton-boardroom-excess-sorry-clem-my-friend-this-is-not-acceptable Sefton Boardroom Excess: Sorry Clem my friend this is not acceptable Wednesday 1 July 2015 Extract; "Clem was a NED for 73 days before resigning on May 8 2015. It has today emerged that he has been issued with another 13,636,364 shares (£7,500 being one quarter’s fee at 0.55p) and that he was also paid £7,500 in cash on departure. That means that for 73 days work as a NED he received £15,000 in shares at 0.055p and £7,500 in cash a package worth c£30,000 for just 73 days work as a NED – on an annualised basis £150,000. Sefton steers us that Mr Chambers is resident in a tax friendly jurisdiction." ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ We can but guess as to the current remuneration

21st June 2015 http://www.share prophets.com/views/12990/exclusive-sefton-dan-levi-makes-his-move-demands-company-makes-advfn-s-chambers-ceo#sthash.q3oOyX8j.dpuf Extract; "The demands Levi makes are that consultant Karl Arleth be fired at once and that directors Tom Milne and Keith Morris also be canned. And that they be replaced by Clem Chambers and Mike Hodges of ADVFN (AFN) and that Mr Levi becomes a consultant to the company. "- ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ When is Clem going to publish the accounts? What is he hiding? Who has been paid to act as consultants? How much money is left?

Reference the share certificate situation; holders may be interested to read that a poster on ADVFN's SER BB posted this; o1dsmokie 24 Dec '16 - 09:15 - 10405 of 10408 0 0 Got a share cert this a.m. ========================== Its exactly one year since Clem's AGM statement. (who attended?); CEO’s Statement (24.12. 2015) Sefton is now a private company and this AGM statement is an attempt to bring shareholders up to date with the situation. http://www.seftonresources.net/news/pressreleases/sefton%20AGM%20statement%20first%2017%2012%2015.pdf Perhaps there will be one released today for the year 2016. How many attended the AGM? Two?, Four?, none? . Nothing like 'openness and transparency'

Your broker really should be giving you advice. Poor show if not. I would have thought you would need the registrar to provide the paper certificate. Shares are not entirely worthless. There is an uncertain amount of cash left which could be returned to share holders IF Clem would allow it. But why would he? Slowly draining the cash away. The question is who is benefiting ? I really hope that certain guys will consider their position and return cash they really did not earn. I see BMD is tweeting today in response to another mentioning SER. BrokermanDaniel ‏@BrokermanDaniel 2h2 hours ago BrokermanDaniel Retweeted Chan Problem is too many idiots with agendas undermining ALL the deals & killing them off. ChrisOil, Turney, Ellerton etc. But all isn't lost yet BrokermanDaniel added, /chanlfc/status/812278828756307968 Chan @chanlfc @BrokermanDaniel @ClemChambers Real shame #SER couldnt have had the same treatment. #AllHopesDashed +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++= As usual; its always someone else's fault. The big final nail in the coffin being the loss of the nomad. the listing had serious value; well done Team Clem. BMD can not duck and dive his part in the wrecking.

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 ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Has Team Clem been complying with the law? I think not. So where are the accounts? What about the companies articles regarding the AGM and voting rights? Team Clem should declare, (before someone else may) , who has been taking consultancy fees? "explain the Company's transactions " I feel they really should be repaid . Over to you Clem.

I thought AGM's were about giving shareholders a chance to question their board. Did anyone attend the 2015 AGM? Bit difficult if one is not told the time, date and venue. Read this extract; RNS Number : 5831E Sefton Resources Inc 04 November 2015 Sefton Status update. 4th November 2015 "Consequentially the AGM will be delayed and depending on progress, the AGM will be held in the first half of December." The next thing I read is that Clem issued an update on 24th December 2015 which started with the lines; "CEO’s Statement Sefton is now a private company and this AGM statement is an attempt to bring shareholders up to date with then situation." Who attended that so-called AGM? So much for openness and transparency. WHERE ARE THE ACCOUNTS?