Seafarer Exploration Corp (SFRX)

[hedge_fun]

I received Seafarer's permit application Mary sent.......

Kyle makes this declaration on the very last page of the first link below. He is saying the deficit is the paid in capital.

Financial Ability: Based on the December 31, 2014 annual report, Seafarer Exploration Corp has additional paid in capital of $10,174,612.

https://www.scribd.com/doc/298728027/2015-07-15-Seafarers-Exploration-Renewal-Application

Accumulated deficit (10,174,621)

See page F2: http://www.sec.gov/Archives/edgar/data/1106213/000119983515000091/seafarer_10k-06335.htm

Here is the 2014 permit. SFRX stated they only needed one more item to obtained a full salvage permit, but no where in the documents linked below is that stated or even implied. It also shows they were essentially trying to "re-locate" a kannon (cannon) that their partners already found. See page 5: https://www.scribd.com/doc/298727048/2014-07-28-Seafarer-s-Quest-2014-04-Permit-EXECUTED

I was say based on the permit issued (Page 5), this was a classic pump and dump scheme. They knew a kannon was there and they found it....big whoop. HTQ had been on this site for YEARS. They tried to remove it without permits and got busted.

What a crock this PR is........

Specifically, divers extracted what appears to be a colonial era cannon measuring 2.46 meters long and 40 centimeters at its widest point that would have been used to protect the ship and its contents.

“This is absolutely fantastic!” exclaimed Kyle Kennedy, CEO of Seafarer. “We have worked several sites for months with less to show so to find artifacts of material value on our first day is absolutely extraordinary. We’re very excited about the future of this site.”


Mr. Kennedy continued, “I am very thankful to our crew, project manager Terry Tate, Captain Alexander Javorsky, Levin Shavers, Aaron Cartwright, Mike Renfro, Michael Brownstein, and Jonathon Tate for their dedication, hard work, and commitment to adhere to archaeological guidelines. We are all very optimistic about this site but we still have a lot of testing and exploration to do to find more of this shipwreck. We have moved significantly closer to providing the Florida Bureau of Archaeological Research two of the three pieces needed for conversion of our dig and identify permit to a full recovery permit.”

Terry Tate, project manager commented “I can hardly believe I felt the cannon as I pushed my hand through the sand on one of the mag targets we had analyzed. This is the first canon I have ever found, and I hope finding it on our first day of testing is a good omen.”

http://seafarercorp.com/press-release-81114/