Seafarer Exploration Corp (SFRX)

[jrf30]

Gman, I agree with you that they need to find something at THIS site. But I don't think it will take a miracle to do so. I still truly think this site IS a treasure site. I never said it for sites #1 or #2. Never invested as I watched them from afar and waited. If they struck something awesome at those sites, I would buy in before hopefully a lot of the frenzy, as I had my finger on the buy trigger, but I never bought. Never had enough faith in those sites to put my money in this company. Now? Now I own a LOT of shares. I bought in based on THIRD PARTY people saying that this is a treasure site. I bought in based on PRIOR finds AT this site that tell me there is a ship there. I bought in based on people IN the industry telling me this was it. Am I happy? NO WAY. SO far I am down ... well a LOT of money. But I also realize this. I STILL think this IS a treasure site. Would I be happier if it were at 3 cents right now and then went up 10 fold to 30 cents, versus being at 1/2 a cent right now and going up 10 fold to a nickel? ABSOLUTELY. A HUGE difference. And since I bought SO may shares at about 1.5 cents per share average, then more when it wet down to a penny, then more when it went down to this level, I'm NOT able to buy more. I wish I could. It just isn't prudent. But yes, I am upset too at the price today and wish it were at 3 cents. It is not.

But, I can't come to a final conclusion that the company is a POS. I can't say that it will take a miracle to find something. I CAN say that they are working what I feel is a KNOWN treasure site, they are searching HARD for the treasure, and "I" believe they WILL find it. So I'm staying put. Not happy, but staying put. I won't say the company is crap, as I do not believe they are. I wish they put out more PRs, but have learned to live with the lack of PRs they put out. I believe they will eventually find what they are looking for, I believe it WILL be the Concepcion, I believe we WILL go up FAST and FAR, and I believe it is past due to HAPPEN. And until it does, I'll be unhappy, but I won't say they are not a good company. Just not successful yet. And I'll suffer until the day comes when they announce they have found it, and then watch as the stock goes up amazingly fast. faster than people think it will. People selling to buy back on good news? Nope, I don't think they will be AB LE to buy on any good news. So I don't trade it. I hold it. It has hurt so far, but I am set for when (If. I know) they DO find it. If they don't find treasure here? Hasn't entered my brain yet, as I am too positive it is there, and just needs time to be unearthed. I also believe they HAVE their third item, and will or even have applied for the salvage permit. Just because of the action of the boats being stationary for so long over one area. My advise (worth nothing, but I'll say it) Be patient. Be unhappy, but be patient. Give them a shot to find it. If they do, your LIFE will be changed. If they don't, then yes we all lose. But be upset about them not finding it, or not finding it YET, not because they are a "POS" company. they are not. And that hope will keep me here the entire time they are searching this site #3 - until they announce they have found it. then? then I'll meet you and Trueblue and Gregg and Lovethatgreen, NOAD, Lindy and the others down there for a celebration. I'm going in March for a week with them anyway. I've already confirmed with KK. But I'll be patient. UNHAPPY - but patient. that's all I can keep repeating. ONLY because I believe 1) in the site 2) in the company. IN spite of the current situation I'll ... be patient.

back to the sidelines of the board for me now.