Seafarer Exploration Corp (SFRX)

[MorningLightMountain]

from their filings, seems lots of treasure needed just to get out of the red, wowzers!!!

Is this company still in the exploration stage? What si really going on?

I remember this one from years ago.

Accumulated deficit (11,527,932 )

PS: still says the same # for last Q???...strange it is the same from "years ago"???....I assume the last item is not what you remembered, but the most currently reported amount:

March 31, 2016
Accumulated deficit (11,527,932 )

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11403945

BTW, they did warn people.....from the same filing (emphasis added):

The exploration and recovery of historic shipwrecks involves a multi-year, multi stage process. It may take many years and/or be prohibitively expensive to locate, if any are ever located at all, and recover valuable artifacts from historic shipwrecks. Locating and recovering valuable artifacts is very difficult and the probability that the Company will locate valuable artifacts or treasure is remote. If the Company is not able to locate artifacts or treasure with significant value, then there is high probability that the Company will face adverse consequences.