Seafarer Exploration Corp (SFRX)

[hedge_fun]

Since this scenario (selloff) played out yesterday.....

I wonder what idiotic claims Kyle/Huffman would make about what happened.

Where are all these family and friends that are said to be so heavily invested? Why aren't they scooping up this POS if there is so much promise?

20 plus MM shares trade one day, the price drops, and there's no one scooping up these so called "gifts" at these prices. That's the question Kyle and his (ahem) witnesses have to answer per the Judge.

See page 21 starting at line 12 here: https://www.scribd.com/doc/309769190/4-7-16-SFRX-vs-Volentine-Hearing

12 THE COURT: -- if you're able to do that, what's

13 the -- how do you get past the next couple of links

14 that you need in your chain; that is, how do you show

15 it caused any damages and how do you show that --

16 MR. HUFFMAN: Well that's for the finder of fact,

17 in deed, to make that nexus. But we show the postings

18 and you can show that --

19 THE COURT: Well isn't that me?

20 MR. HUFFMAN: It is.

21 THE COURT: Yeah.

22 MR. HUFFMAN: But we show the -- Judge, I believe

23 the evidence is there. This isn't my first rodeo.

24 THE COURT: Well I'm asking you so let's hear it.

25 MR. HUFFMAN: Okay. So he makes a posting on a

1 Tuesday -- all right? -- or a number of postings,

2 saying that there's insider trading, they're stealing

3 treasure. Because this is a treasure recovery company

4 that's out there on the east coast. Okay?

5 THE COURT: I thought he was saying that there

6 isn't any treasure.

7 MR. HUFFMAN: Exactly. Right. Or he says there

8 isn't any treasure or they're stealing it, or they're

9 giving these fraudulent and security ... and then the

10 next day there's a massive sale. Okay?

11 Or have people available who can come in and

12 testify that would have put money into the company

13 directly, but they read his postings and they did not.

14 We also have people available who said they read

15 his postings. They were shareholders of they company.

16 They sold, thus driving down the price because they

17 sold.

18 THE COURT: But when they found out it was false,

19 did they buy it back and drive the price back up?

20 MR. HUFFMAN: Well, Judge that's not really --

21 THE COURT: No, it is. You've got to understand.

22 You can't show a temporary change in price which --

23 you know, if the price goes down tomorrow because of

24 something that somebody said that was false, the rest

25 of the world realizes it's true the day after

1 tomorrow, the price goes back up, then you don't have

2 any damages --


And then down on page 25.....

18 And just to be clear, some of the evidence you

19 were pointing me to is in the right direction. If you

20 have people who actually said I didn't buy the stock --

21 MR. HUFFMAN: Right.

22 THE COURT: -- they're still going to have to

23 answer the question, well when you found out what was

24 said was false, did you buy it then? It was available

25 to you even at an even lower price, so did you buy it

1 then?

2 And then if you show, yeah, they bought it then

3 ... I mean, you -- if you have that kind of evidence,

4 we'll hear it, is what I'm telling you.

It's good to see the Judge will hold Kyle accountable.