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12/16/10

Seafield's mgmt team didn't get James West's memo

According to his own publication, James West has been busy buying up all the share of Seafield (SFF.v) he could buy. He's probably still buying big chunks in fact, what with his "accumulate to $1" call on the stock. Luckily for him there's no liquidity problems in the stock as he's found some willing sellers...namely the mgmt team itself:

Seafield Resources Ltd. (SFF)

As of December 15th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Dec 14/10 Dec 10/10 Pirie, James Direct Ownership Common Shares 10 - Disposition in the public market -300,000 $0.610
Dec 14/10 Dec 09/10 Pirie, James Direct Ownership Common Shares 54 - Exercise of warrants 200,000 $0.160
Dec 14/10 Dec 09/10 Pirie, James Direct Ownership Warrants 54 - Exercise of warrants -140,000  
Dec 14/10 Dec 09/10 Pirie, James Direct Ownership Warrants 54 - Exercise of warrants -60,000  
Dec 14/10 Dec 09/10 Pirie, James Direct Ownership Common Shares 10 - Disposition in the public market -350,000 $0.610
Dec 13/10 Dec 09/10 Roodenburg, Anthony Ralph Direct Ownership Common Shares 10 - Disposition in the public market -1,000,000 $0.600
Dec 13/10 Dec 09/10 Roodenburg, Anthony Ralph Direct Ownership Common Shares 54 - Exercise of warrants 600,000 $0.160
Dec 13/10 Dec 09/10 Roodenburg, Anthony Ralph Direct Ownership Common Shares 54 - Exercise of warrants 250,000 $0.100
Dec 13/10 Dec 09/10 Roodenburg, Anthony Ralph Direct Ownership Warrants 54 - Exercise of warrants -400,000  
Dec 13/10 Dec 09/10 Roodenburg, Anthony Ralph Direct Ownership Warrants 54 - Exercise of warrants -200,000

So either this West character is stupid and was buying stock at all prices over 60c that's deemed expensive by Seafield's (SFF.v) very own management, or he's in cahoots with them. You be the judge,  but I just think he's plain dumb stupid personally. By way of evidence look no further than the way he was caught with his pants round his ankles re SFF on December 3rd and wasn't even able to read and interpret the simplest of drill maps.

Mind you, he did do the same thing when pumping Mosquito (MSQ.v) a while back...funny how that call didn't work out for him, either. Nah....I'm thinking about this too much...the dude is just stupid.