Seafield has behaved as we expected, finding strong support in the .125-.14 range, and strength in the stock this morning suggests a powerful new advance could be imminent.
We’re thinking this morning as well that since it has not been announced yet, Seafield may not be proceeding with the second (smaller) tranche of its recently announced/proposed private placement at .125. That would be fine with us, as it means less dilution at such a low price. It also clears the path for an immediate rapid acceleration in the stock price. We’ll see what happens.
We are in the process of preparing a major article on Seafield, as we mentioned earlier here.
