There are numerous reasons why the AIM casino system of regulation based on Nomads fails miserable to protect investors from lying and fraudulent directors. But one major failing is what happens when a Nomad resigns and to demonstrate this I have got my hands on the letter sent by Fox Davies when it quit as Nomad to Sefton Resources (SER) in September 2012 and am delighted to share it with you. Private & Confidential it is marked. Well not any more chaps!
Over the weekend I published leaked emails which demonstrated the moral vacuum at lawyers Pinsent Masons (earning obscene fees acting for Sefton) but also the real reason that Fox Davies quit – quite simply it thought Sefton was misleading investors.Read the full article on ShareProphets | Comments