Seafarer Exploration Corp (SFRX)

[GREGG THE GREEK]

Interesting

Seafarer agreed that no collection of such judgment would proceed unless the personal assets of DEFENDANT exceeded two million four hundred thousand dollars ($2,400,000.00) during any six month period during such 90 months after entry of such final judgment.

No surprise

Judge Cook found that DEFENDANT was too unsophisticated

So, basically, SFRX was willing to walk away w nothing but apparently

Seafarer, in response to the rejection of such judgment by the Court, has filed a motion for punitive damages, as well as a motion for sanctions and civil contempt against DEFENDANT for his posting which did not cease as per the injunction entered.

So he agreed to stop and then blew off the court and basically spit at the judge. That does not seem very sophisticated at all.


$10,000,000 +, that's a lot of donuts.

SFRX