Seafarer Exploration Corp (SFRX)

[hedge_fun]

A 1715 wreck being underwater for 300 years means......

It would have weathered several hurricanes and plenty of major storms. Plus the everyday movement of the sea because it's in such shallow water could and likely would scatter the debris field for miles and miles, so I'm not big on the idea of a trial.

Then we read HTQ needed to complete mag surveys in Area E-55 and apply for a full salvage permit. For some reason they chose not to even after they were said to be bringing some items up. That is a sure sign the risk (paying for completed mag surveys) wasn't worth the reward. Add to it the fact that SFRX hasn't picked up where HTQ left off, and I think the site is junk. There may be treasure scattered, but how much? And what would it cost to bring it all up?

Over a dozen years later and nothing looks promising that I can see. Only one full salvage permit was issued in 30 years and that was on Juno. It expired over a year ago and the company suggest in the filings there ain't nothing there worth going after.

This business model is a joke and anyone can see from looking at the FINS they keep digging themselves a deeper and deeper hole.

And instead of posting on Facebook pictures taken 75 feet away from the boat, why aren't they filming under water and explaining to investors what's going on down below instead of talking about what they "plan" to do?