Seafarer Exploration Corp (SFRX)

[hedge_fun]

The ORDER is about "derogatory" postings online.....

about this POS. It says nothing about posting on the SFRX board. Just that he can't criticize this POS.

A careful reading of the ORDER, along with knowing what is required in such an agreement shows SFRX failed to reach the threshold to show damages. Otis should have thought that through a little bit, but it was an obvious attempt to blame others for the results of a HUGE dump of shares.

And they are using fuzzy math to justify their claims.

They claimed shareholders LOST over $10MM in market cap. But as anyone knows, you don't make money in the market until you actually SELL your securities. If market cap was the way to determine value, then an auditor would not be needed. If a shareholder didn't sell at .024, or if that's where he/she bought.......THAT IS THEIR FAULT. Of course we know some were selling, but SFRX wants that to remain a secret

That said, the Judge recognized this and called for hearings on the matter. The Defendant was also GRANTED the right to information, much of which SFRX has yet to provide. But before we get to December, I look for a lot more discovery.

And just to be clear......SFRX thought a Circuit Court Judge would accept an agreement for over $10MM between and UNSOPHISTICATED individual and the company without providing any COMPETENT EVIDENCE, as the ORDER states?

And now they plan to offer no expert witnesses (not even their CPA), but they will show a chart along with the daily volume/pricing?

Too funny

I think the company is inviting online criticisms. I gladly accept that invitation.