Seafarer Exploration Corp (SFRX)

[nodummy]

All the Notes I listed in my post are Notes that are paid back in free trading stock once they have aged appropriately. By the time they are converted into stock they have aged appropriately and the stock issued is free trading.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=120370697

The shares issued for these Notes are issued at a discount to the market price (as is clearly stated in the terms of the Notes) and are free trading.

That isn't a debate. The shares issued to payback the convertible Notes I posted are free trading. That's a fact.

My question is who were the toxic convertible Notes issued to?

Back in 2010 and 2011 SFRX issued a bunch of these Notes (which included nearly identical terms) to Asher Enterprises (Curt Kramer). They included those Notes in the 10K filings for the period ending December 31, 2010 and December 31, 2011 as would be expected from a fully reporting SEC Issuer like SFRX:

See exhibits 10.9 - 10.12
http://www.sec.gov/Archives/edgar/data/1106213/000119983511000264/0001199835-11-000264-index.htm

See exhibit 10.21
http://www.sec.gov/Archives/edgar/data/1106213/000119983512000202/0001199835-12-000202-index.htm


Here is an old post about Asher Enterprises:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68247638

Curt Kramer is one of the most well known toxic lenders in the business. He got in trouble back before Asher when he ran Mazuma

Recently Kramer set up a couple of new toxic lending companies - KBM Worldwide using his brother, Seth Kramer, as a front and Vis Veras Group

Kramer had to stop using Asher Enterprises because FINRA stopped approving reverse splits for tickers that had agreements with Asher because they consider Kramer a "bad actor"

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106430759



For some reason SFRX stopped including exhibits for the Notes starting with the 10K for the period ending December 31, 2012

No Notes included in the exhibits for the 10k for the period ending December 31, 2012
http://www.sec.gov/Archives/edgar/data/1106213/000119983513000179/0001199835-13-000179-index.htm

No Notes included in the exhibits for the 10k for the period ending December 31, 2013
http://www.sec.gov/Archives/edgar/data/1106213/000119983514000155/0001199835-14-000155-index.htm

No Notes included in the exhibits for the 10K for the period ending December 31, 2014
http://www.sec.gov/Archives/edgar/data/1106213/000119983515000091/0001199835-15-000091-index.htm

We know for a fact that several convertible Debt Notes were issued to unrelated third parties during 2014 (I listed them in my post). Many of those 2014 Notes have already been paid back in discounted free trading stock. So why are they not included as exhibits? Why does SFRX not at least name the Note holders in the filings?

Just seems pretty shady to me. It is bad enough that they are diluting shareholder value by issuing discounted free trading stock and growing the float, they should at least tell SFRX shareholders who the Note holders are that are killing the share price of the stock.