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Sefton Resources: Half Price Pizza ahead of IR Event 9th October

Tom Winnifrith Friday 5 October 2012

 

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As you may be aware I am not a great fan of AIM listed penny share dreadful oil and gas outfit Sefton Resources (LSE: SER). Its RNS statements are a disgraceful exercise in smoke and mirrors. While investors have lost 98.5% since its IPO as the shares now languish at 1.575p, Chairman Jim Ellerton has trousered millions of pounds over the years. After ten fund raisings in the past three years Sefton is still not generating cash (after bloated PLC costs). I doubt it ever will and frankly I still think the shares are still at least 80% overvalued but Jim reckons that all he needs to do is get the message across to investors. So I am here to help.There is no need for Jim to thank me I am just an all round nice guy. What are you doing on Tuesday 9th October and how would you like a half price pizza as a bonus?

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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