Seafarer Exploration Corp (SFRX)

[hedge_fun]

If the Company’s market capitalization is less than $1,000,000 on the day immediately prior to the date of the notice of conversion, then the conversion price shall be 25% multiplied by the lowest closing price as of the date notice of conversion is given and if the closing price of the Company’s common stock on the day immediately prior to the date of the notice of conversion is less than $0.00075 then the conversion price shall be 25% multiplied by the lowest closing price as of the date a notice of conversion is given. The conversion feature is subject to full-ratchet, anti-dilution protection if the Company sells shares or share-indexed financing instruments at less than the conversion price.

Even a dead cat bounces, but the last two days represent less than $20K if it was all converted debt.

DEATH SPIRAL funding has killed this POS. Years ago they did bidness with Asher.

Is he still around? Who are these unnamed toxic lenders?