Member Info for Reynard1

Totally agree that no-one wants to throw more money away on uncertainty. But for the right deal and if very favourable terms were offered only to current shareholders I may at least like to be offered the option of participating in additional fund-raising. Big institutions make lots of money doing just that but I could just as easily choose not to get involved if the deal looked risky. I'm definitely not suggesting shareholders should be shafted.

So perhaps there is a route to diversify into a different sector, thanks ST. And I'd certainly be interested in putting in a bit more investment for the right opportunity. All we can do for now is patiently watch this space and trust Clem to develop a good plan.

Thanks for clarifying that Wassatt.

I've enjoyed the posts between Wassatt and ST this evening, both giving very open and honest opinions. One thing I wonder though Wassatt is whether they will necessarily need an expert in the O&G industry. That would assume they decide to develop O&G assets again, whereas I think it's possible they could consider other options this time around. SER is now a private company and the slate has effectively been wiped clean. The remaining cash can theoretically be used in whatever way the new BOD thinks best to develop a successful company.

Sorry, I meant thanks ST for that particular post. But while I'm at it thanks also to SS for all your great posts too :-)

Thanks SS for an excellent summary. As a shareholder who was unfortunately unable to attend the AGM due to work commitments (Pity as I would have enjoyed meeting all you good people) I'd like to add that 90% of ALL shareholders who voted, including those who didn't attend the meeting, supported Clem and Mike. I made sure my votes were in early through my broker in support of Team Clem :-)

😀 = smiley face lol! LSE doesn't like emoticons.

Well said nip. Here's wishing you and all our fellow Sefton supporters a Merry Christmas and a Happy 2016 😀

Mr_Jay, this is a financial bulletin board and I am a law-abiding citizen who has professionally witnessed the serious harm caused by selling and using illegal drugs. You've obviously lost the debate if you need to bring drugs into your argument and personally I find it a very offensive suggestion, even if meant in jest.

Yes, and like the rest of us he is angry at the old BOD for frittering away so much money. BMD invested a lot of personal time and money in salvaging SER so it should be no surprise that he remains keen to see a positive outcome for the company and it's loyal shareholders.

Well said!

I'm sure you're right IG, I've always felt that Dan only sold his SER shares this time because he felt the negative publicity about himself (unwarranted in my opinion) was beginning to harm the possibility of a successful requisition and, therefore, Sefton's chance of a better future. I have no doubt he remains very interested in seeing a good outcome for all shareholders. Incidentally, I'm sorry I couldn't make it to the AGM but distance and work commitments made it impossible. I made sure my yes votes were in early through my broker though. I wish Team Clem, Dan and all shareholders the best. I shall continue to follow SER chats/news on Twitter if this BB disappears.

Brilliant, thanks SS. Looking forward to hearing what mischief the previous BOD created. Let's see Clem voted in so he can start to turn things around. Roll on tomorrow.

Sorry tomrob, my mistake, I apologise for not reading your posts fully. In my defence, at first glance you appeared to be critical of JAS123456 who has been very supportive of the new BOD, but I can now see this was only relating to your concerns about whether his material was actually his own thoughts/research or copied from others. In any case I'm pleased you encourage voting yes as I personally think this represents the only chance for a positive outcome for shareholders. Time will tell. Regards Reynard1 :-)

Thanks for joining the bulletin board tomrob. I'm always fascinated by people's motives for posting about shares that they aren't currently invested in. It is very public spirited of you, a brand new poster with no posts on any other share, to come here specially to post detailed but seemingly negative information about SER immediately before the important AGM vote ;-). I'm afraid my YES votes are already in as I'm unable to attend the AGM.

Yep, just checked too and they're definitely all still there to read I'm pleased to say. I enjoy hearing his opinions and there's nothing in his posts that LSE would have any reason to object to IMO.

I agree they will do something with SER. We should start to find out more if/when team Clem get their feet properly under the board room table after the AGM. My votes in favour of all resolutions are safely in via my broker and IMO I hope and expect all 4 resolutions to be passed with the support of major shareholders. After that the next few months should hopefully be interesting.

The AEY development is intriguing though - a company that is debt free with lots of cash in the bank. IMO this could possibly become relevant to the future of SER if Clem, Coil and Dan club together to increase their holding to 10%. That would be a very interesting TR-1 to see.

Neither. I don't need to be a relative to give credit where credit is due. I believe AKW has spotted a really good tip with excellent timing here and has done so many times before, hence my great respect for his opinion.

Managed to buy in here ahead of today's fantastic RNS thanks to a well timed tip in AKW's oil & gas pipeline newsletter on ADVFN. Great news and just as the share price had bottomed out so IMO we'll see a nice rise from here.