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.