Seafarer Exploration Corp (SFRX)

[hedge_fun]

Sure Mary said it (wink wink), but SFRX didn't.....

see a need to include it in the audit, right?

This is what they said about site #3:

It is the Company's plan to request a salvage permit from the State of Florida for the site as soon as the research design report is completed. If a salvage permit is granted and the requisite environmental permits are obtained, then the Company plans to salvage the site in an archeologically sensitive manner.

and this:

The Company agreed to rent a cesium vapor magnetometer from a related party. As of December 31, 2014 the Company and the related party had not entered into a written rental agreement and were still negotiating the amount to be paid in order for the Company to lease the magnetometer and had not entered. No payments or funds were owed to the related party as of December 31, 2014.


See page 9 and F-27 here: http://www.sec.gov/Archives/edgar/data/1106213/000119983515000091/seafarer_10k-06335.htm

I guess SFRX forgot to update shareholders about obtaining the full salvage permit too, right?

SFRX targets novice investors, with the help of the lenders.

Just sayin'

Oh, but please copy/paste where the company stated what Ace "allegedly" said they did, which was they have an 80/20 agreement in place. As the statute CLEARLY states, that occurs IF/WHEN a full salvage permit is granted, and NOT before.

False information is generally pretty easy to disprove. This is like shooting fish in a very small barrel.