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Sefton - A tiny and very undervalued oil company

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English Bigblls - Mon, 19 Dec 05 :

topcar,

Yes I was going to mention that as an example of what happens when an overhang is lifted, it's like a breathe of the freshest fresh air and I can't wait until that happens here.

jordaggy,

There are many reasons why someone would want to sell. I'm sure you don't need them all listed here, but estate dissolution, company liquidation, desperate need for short-term cash etc etc are a few. Just because they hold £100k+ worth of shares does not mean they have insider knowledge or know anything more of even the same as what we know, and it doesn't mean they're not stupid or non-thinking either eg they might be bucket-shop clients on an advisory service and the bucket-shop wants to herd them into the next unlucky company. This is the most likely explanation I think.
The people who have the greatest insight of all into the company are the Directors. And they are buying, not selling.


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