Seafarer Exploration Corp (SFRX)

[hedge_fun]

But the lawsuit was suppose to help shareholders.......

yet the stock price hit the trips once again yesterday. It appears it was about Kyle's ego, not looking out for shareholders. It certainly has helped, has it? If so, how?

BTW paying for the SFRX attorney in cash or shares is about the same difference to me. I would rather keep monetary assests in the company anyway.

We know SFRX paid ClearTrust more shares fighting Micah than were ultimately canceled. Then you got HuffPuff fees, court reporter, etc in that case. ClearTrust fees alone were near $100K as I recall. Was that really worth it?

Now you have a 10Q filing where SFRX can't even keep legal fees paid, which might be why HuffPuff is seeking attorney fees, though I think they actually just want to shut the Defendant down. But it doesn't appear he's is wavering. Remember, they wanted him in jail and a LENDER was suggesting it was going to happen last April. The LENDER also posted updates from the hearing he didn't attend, so you know the company/HuffPuff was behind that. (What law, what law?)

The best way to silence your critics is, 1) consider their arguments and 2) succeed.

When someone has to go to Court and file LIE after LIE in an attempt to silence a critic (one by the way who once believe in Kyle and SFRX) it's a pretty sad commentary about the person.

My best guess is, and it's just a guess, but they probably spent at least two diving seasons on the last two legal proceedings. The budget submitted to the FBAR was just over $400K annually and I would wager that's what they have spent which in the end thus far has saved them less than 1 1/2% of the current i/o. Plus the diving seasons haven't been as long as Kyle suggested to the FBAR they might be. They got 94 days in over a year on the 2014 permit. So the legal cost was SUBSTANTIAL to the company, and thus far they gotten no ROI.

Kyle's ego is bigger than his vision for the company and it's shareholders.

I look forward to the day when I send Fudd and HuffPuff excerpts from my book for them to review before publishing. It gives them a chance to (ahem) correct the record before it's made public.