Not sure, my earlier comments are more a hypothesis (which I am unable to reject or accept). Just thinking out loud.
I too would have thought a more significant drop would be required as reserves take the last price in December from memory...
But the non issue of the annual report doesn't exactly instil me with confidence.
I actually rang up Commsec last night too. If you ring them they are happy to provide the market depth (You don't get it on your screen as live data is expensive in the US).
There were 500k+ units for sell at 2.08 at open.
That's close to 10% of the shares on offer ~ equivalent to 50million sell order on ASX pre move to the US.
Something is not right here (hypothesis) but I don't know what it is...
SEA Price at posting:
16.5¢ Sentiment: Sell Disclosure: Held
