Seafarer Exploration Corp (SFRX)

[buccaneer1961]

Yes almost 900,000,000 million out there, but the active "float" is what matters. There are just a few shareholders that control close to 150,000,000 of these shares,

then why increase the A/S ? how long do you think it will be before they are in the float? or for it to reach 2 billion?

look at this: could it be a nightmare:


2014

March 31,

2014


(Restated)

2013

(Restated)


Revenue
$ - $ -


Expenses:


Consulting and contractor expenses
201,928 288,236 4,604,681

Professional fees
29,932 35,042 814,858

General and administrative expense
20,319 19,728 404,511

Depreciation expense
8,496 8,496 210,678

Rent expense
5,876 21,618 159,976

Vessel expense
11,820 38,371 517,175

Travel and entertainment expense
34,433 15,538 356,849

Other operating expenses
- - 13,187

Total operating expenses
312,804 427,029 7,081,915


Income from operations
(312,804 ) (427,029 ) (7,081,915 )


Other income (expense):


Interest expense
(222,939 ) (33,710 ) (1,258,650 )

Interest income
- 80,609 243,922

Loss on impairment
- - (42,800 )

Loss on extinguishment of debt
- (38,447 ) (419,560 )

Total other income (expense)
(222,939 ) 8,452 (1,477,088 )


Net loss
$ (535,743 ) $ (418,577 ) $ (8,559,003 )


Net loss per share - basic and diluted
$ - $ -

Weighted average common shares outstanding - basic and diluted
865,882,776 753,178,202