Seafarer Exploration Corp (SFRX)

[hedge_fun]

The clock doesn't stop, it never starts until......

things are in order. That's how I understand it from reading the statutes and the emails. I see red tape. One thing after another. I don't see the clock start and then stop.

Read Mary's instructions here. Mind you the application was submitted in Mat 2014, but tabled. Mary says, "in order for Seafarer to apply".....certain conditions must be met. The statutes don't allow two entities to hold permits on the same area.

https://www.scribd.com/doc/315158040/Mary-Email-Aug-2015-2

Then it was the reports. The statutes require the reports.

https://www.scribd.com/doc/315425639/9-24-15-Email-About-Compliance-1924-25

Then it was the suspension. The statutes allow and outline what can lead to a suspension.

https://www.scribd.com/doc/315780083/Suspension-Notice-1938

Then their was the financial issue, that I guess has been resolved and now the permit is being reviewed. But financial means are required by the statutes.

https://www.scribd.com/doc/315780399/Kyle-Wanted-a-Meeting-March-2016

It's been over 90 days since this March 18th application was submitted. The 90 days is how long the FBAR has to notify the applicant of their intent to either approve or deny the application.

https://www.scribd.com/doc/315151130/Area-a-1-Application-3-18-16