Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
this stock is such trash watch it tumble GARBAGE
The Toy identifying non ferrous metals at the…….
ring area wasn’t significant?
When you follow that up with an announcement of a conglomerate at Juno, but speculating what’s inside, then doesn’t that bust that bubble?
Rhetorical questions.
Nothing will clarify the situation more than an announcement of a significant find of which our experts have assured us for years can never happen because of their expertise about everything related to SFRX. Given all the irrelevant blather regularly brought up, I'm surprised there hasn't been speculation as to whether Torres wore boxers or briefs. In any event, my belief is that we will hear something soon and to honor our experts, the affiliates can all get on the same page about what bar to go to in Melbourne to celebrate.
I brought him up after it was mentioned the……
use of the word “treasure” is frowned upon by governing bodies.
How many times has that word been used in paid promos and here?
I recall after his departure one affiliate suggested he was fired, while affiliates and shareholders were saying his departure meant a new day was dawning at the FBAR……ie blaming the FBAR for their failures at Melbourne.
His legal issues are not relevant to SFRX potential success, nor is his departure.
The spectacle between affiliates and him was not in the least professional and won’t win SFRX any brownie points.
May I suggest discussing things with Brock Hubbard……..
because affiliates are all over the place with this?
Another affiliate said SFRX will locate a wreck, scan it, and in short order know if a wreck holds treasure. Supposedly saving time and money. Why would they seek to locate a wreck without first knowing it had treasure?
They’ve spent over $20MM and appear no closer to treasure than the day they began.
That said, I agree with you research is the answer, but it’s not how SFRX has operated. The sites they have are what others found, and the sites have were proven to be junk…..in short order. Yet SFRX is still there decades later, except for Lantana.
The worm poop wreck they talked about some time ago, seems to have faded away much like the plans to build a Quantum Resistant Computer. It’s also not clear what SFRX means by a “wreck.”
As far as Dr. Parsons is concerned, blaming him or the FBAR for SFRX continued failures at Melbourne is rather pathetic. The laws are clear, a Spanish vessel is off limits unless you get their permission. Kyle admits they can’t ID the origins of the floatsom they have found, but their reports to the Bureau suggest it may be the Concepcion.
Florida doesn’t own the Concepcion, Spain does. The fact it may be in state waters does not change that fact.
I posted an email response from the Bureau. Permission from Spain is needed to disturb the remains of a Spanish vessel.
Happy Monday
Parson left FBAR in serious legal jeopardy.
.
Affiliates arguing with Dr. Parsons in a forum…….
and even suggesting he was fired was priceless.
SFRX’s numerous paid promos about BILLION$ in treasure and their website stating they plan to salvage Spanish shipwrecks must really impress the authorities.
Naive is a fair assessment, but a bit generous.
I bet one could read their research files in their entirety during an average bowel movement.
Quote: Okay great. I look forward to the CONFIRMATION news…….
that there’s treasure on Juno.
They dove on Juno and said they found worm poop and posted a picture of a conglomerate. They never mentioned treasure.
But you didn’t clarify how they were going to locate wrecks in the future and when legal title is obtained.
______________________________________________
Look. It's more than obvious there are some smart people posting here but totally naive about the marine treasure hunting business. TOTALLY NAIVE.
Okay great. I look forward to the CONFIRMATION news…….
that there’s treasure on Juno.
They dove on Juno and said they found worm poop and posted a picture of a conglomerate. They never mentioned treasure.
But you didn’t clarify how they were going to locate wrecks in the future and when legal title is obtained.
Quote: Exactly, why would you if you have the correct technology.?....”
Geez.... that is the whole.point of SeaSearcher!!!
_________________________
First of all there is no valid evidence the toy does any of the things its supposed to do. NONE.
Secondly, apparently you don't seem to understand that in governmental archaeological communities the word TREASURE is highly frowned upon.
Like I said, they'd be better off to go play in the Disneyland moat.
They are diving without CONFIRMATION of treasure……so
I’ll be sure to say it’s three affiliates that didn’t get the memo in my next post.
Shouldn’t they be looking for other wrecks to scan so they have a large pipeline for the Toy?
What do they use for that, a mag? Side scan sonar?
Thanks Buddy
It’s gonna be interesting watching this play out.
Do I have this order right?
1) Find a wreck
2) Scan for treasure
3) Then do research
4) Then seek legal title
Thanks again Buddy.
Archaeological research is dull. Two affiliates have…..
said they won’t waste time diving on wrecks without CONFIRMATION of treasure.
I guess the affiliates didn’t get the memo.
They’ve spent years and years hyping artifacts found by others.
After $20MM spent they’re right where they started on Juno.
Quote: I didn’t know they posted the Juno dive video. I don’t recall any comments about it. Not surprised.
______________________________________
How terribly dull. What was that supposed to be all about? Don't know if anyone noticed but the anchor has no ring.
These guys might have better luck looking for shipwrecks in the Disneyland moat.
The theme from the company this season seemed to……
focus on archaeological research, as that will be important to their revenue stream when they get media deals and museum exhibits per their business plan.
Until they get those revenues pouring in they’ll have to continue diluting as they have no other collateral…..ie research of known wrecks with known valuable cargo with the right legal profile.
I think affiliates are simply embarrassed by the lack of progress and are trying to embellish things a bit with talk of “short order” confirmations of whether a wreck has treasure or not. Probably just looking to dump shares.
SFRX has spent years and years on Melbourne and I don’t see that changing anytime soon even if they keep coming up empty. It’s been good for raising capital.
I didn’t know they posted the Juno dive video. I don’t recall any comments about it. Not surprised.
no one can make the argument they arent pumping anymore. not since those last garbage PRs. share selling scam / dilution machine.
Delusional for a number of reasons. They’ve been…..
on Melbourne, along with their partners for 23 years and have yet to determine if it’s the final resting spot of any wreck, much less the Concepcion.
But according to affiliates they’ll find wrecks, scan them with the Toy, but won’t waste years trying to determine if it has treasure or not.
#dontholdyourbreathe
absolutely delusional nonsense. the stock doesnt perform well. the stock goes nowhere. every SS update reveals dilution. there is nothing good happening here at all
I would add arrogance and a complete lack……
of respect for the sea.
If this is indeed the plan of those in charge in Tampa, and I’ve never heard them say as much, at least not to this extent, then they should all resign effective immediately.
That includes Timmy the PM.
I won’t hold my breath.
Brock Hubbard, their communications guru should release a statement saying SFRX’s affiliates don’t speak on behalf of the company, even if they claim to be in the loop.
Quote: SFRX is the only entity I know that has……
done exactly what you’re describing, (spending years) but has “allegedly” built a Toy that can identify non ferrous metals, but we have seen ZERO proof to back that claim.
Short order? It’s been years since we were told the Toy worked. I don’t see anything short order about it.
Instead of spending years hoping to come across treasure that you hope is located near iron hits from the mag survey, you will now be able to scan the area of the wreck and know in short order if there is treasure or other metals present at the wreck.
SFRX has never located a wreck, so who’s gonna tell them where to look?
You no longer have to ID the ship and track down a manifest. Years of effort, time and money (possibly wasted), will now be saved.
Locate a wreck, scan it for treasure, get your answer. Act accordingly.
Quote: Real salvors know research and exploration/salvage are two different areas of responsibility within the organization. One occurs year round, while the other is planned and limited by weather and other factors.
They work simultaneously.
Research, which is much less expensive than a vessel and a crew and is never ending.
Real salvors don’t want to locate A WRECK, there’s plenty of those, they want to locate and salvage THE WRECK.
If this is what the company told the “in the loop shareholders,” then they got fed a truckload of worm poop.
______________________________________________
Truly the greatest example of incompetence and on going failure in the history of this business. Historically I know none to compare to in modern day.
SFRX is the only entity I know that has……
done exactly what you’re describing, (spending years) but has “allegedly” built a Toy that can identify non ferrous metals, but we have seen ZERO proof to back that claim.
Short order? It’s been years since we were told the Toy worked. I don’t see anything short order about it.
Quote: Locate a wreck, scan it for treasure, get your answer. Act accordingly.
_______________________________________________
This brilliant "Technology Company" hasn't even had the common sense to do actual simulation tests on an actual colonial shipwreck. Pre-burying various ferrous and mainly non-ferrous targets. I wonder why? I have a pretty good assumption as to why. The toy doesn't work and the CEO and Timmy can't have the exposure. Of course, it's still under development.
Are you not aware that state and foreign government archaeologists frown upon your described approach of let's just scan (evening it worked) the wreck for treasure and then move on. It doesn't work that way.
I believe some people here have missed their call. Great talent shown for writing children's books.
Once again, out of the loop non-shareholders are using a straw man argument to put words in your mouth you did not say.
Research will be eternally important for wreck salvage operations. No one is saying it will not be. And other older tech equipment will also have a place in the process.
But of utmost important is the crucial element of determining whether a wreck has treasure or not. Instead of spending years hoping to come across treasure that you hope is located near iron hits from the mag survey, you will now be able to scan the area of the wreck and know in short order if there is treasure or other metals present at the wreck.
You no longer have to ID the ship and track down a manifest. Years of effort, time and money (possibly wasted), will now be saved.
Locate a wreck, scan it for treasure, get your answer. Act accordingly.
Archeology, history, state coffers and business profits will all benefit from the current and future activities of Seafarer.
Buddy I have read plenty. You aren’t the……
first affiliate that seems to think the Toy will do all the work and research isn’t important and is done after an unknown wreck is located.
SFRX or any salvor needs to know how to compile research and locate a wreck with valuable cargo and the right legal profile, regardless of the equipment, otherwise it’s like they’re combing the beach with a metal detector hoping to get lucky.
In 15 years they NEVER found a wreck and the sites they’ve worked on were found by others and have proven to be junk sites.
This is what they submitted to the USPTO. It’s all anyone needs to know.
Remotely operated vehicles for underwater inspections of pre-identified sites of wreckage, mineral reserves, and subterranean metal deposits for the purpose of collecting data.
Applicant has amended the description of the goods to more accurately describe its characteristics. Specifically, the SEASEARCHER remotely operated vehicles do not search for sites. Rather, the vehicles are deployed to pre-identified sites. The primary purpose of the vehicles is to collect data at the pre-identified sites.
What’s noted is they state the Toy is a ROV and not an AUV, as they’ve claimed.
Florida’s east coast is littered with shipwreck debris, and 99% of wrecks had no valuable cargo.
They’re doing better. Only issuing 2.4MM……
on average daily for 2022.
As of today, 6,798,414,037 OS.
622,095,455 issued this year.
dilution machine. watch for the rinse and repeat
Technology designed to assist salvors is of no……
use if the salvor doesn’t know where to put it to use.
SFRX reminds me of someone combing the beach with a metal detector “hoping” someone lost something of value.
They claimed the tech works but there’s zero confirmation it’s true.
Let’s see proof the Toy identified non ferrous metals.
Glad I pay less to fish.
They’ll need to locate and scan 100 wrecks……on
average to find one with treasure using that theory. 99% weren’t carrying any treasure, and if they ID later they may realize they have violated state, federal, and international law.
YOU ALWAYS WANT TO ID A WRECK FIRST, regardless of the cargo.
R&D was $1266 a day in 2020……$1205
per day in 2021, and YTD is $772 per day.
If this continues, the CEO will be more of an expense than the R&D of this so called technology company.
What’s left is around $6K a day, and they have 2 speed boats. I know, Kyle gets about $1K a day.
I could charter 3 bigger boats to go deep sea fishing for under $6K a day. They would know where the fish were ahead of time.
We’ve been told the Toy worked and was going to make them more efficient, but they aren’t efficient by any means. They’re doing exactly what they we’re doing using data from the mag surveys. They see a target and still have to go and inspect. The Toy was supposed to tell them where the treasure was so they wouldn’t spending time inspecting every target.
Absolute steal?
Yes, SFRX is a tech and exploration company. Used to be just a treasure hunting company but times have changed. Now I guess it's all three.
Some find it hard to keep up. Same people who still think you must ID the ship in order to find out what is on it. Identification and manifest are no longer required to know what is on a wreck. Identification can be done later.
Now the SeaSearcher can scan a wreck and tell you what metals are on it, if any. And not just if it is ferrous/non-ferrous but which metal specifically – gold, silver, brass, iron, copper, etc. Magnetometers, sub bottom and side scan still have their place in the process, but times have changed. Or at least they will be changing very shortly.
That's why I own shares of SFRX. For the potential, based on recent developments with their technology. Those who think they have not been doing anything lately are clearly not paying attention.
#tonnagenottrinkets
Quote: SFRX is absolutely a technology company.
_________________________________
Really. If that be the case they're making a piss poor showing.
I've posted here numerous times about stimulation tests in like environment in which this Timmy Toy is suppose to perform and find all these (fraudulently stated) billions in gold and silver. But this "technology company" has never done that have they?
Fact is I had been involved in setting up that kind of test in the Florida Keys on the 1733 Capitana, years past, so I do know what I'm talking about. For SFRX to actually do those kind tests would result in exposure to what a joke the whole thing really is.
Like I also said a number of times. This so called technology company continues to be the turd in the candy bar wrapper.
There might lie your issues, if you do not believe that SFRX is a technology company, my assessment is you have been asleep for the past three years.
SFRX is absolutely a technology company.
Quote: If an investor or shareholder cannot stomach that number, one would need to do a bit more DD on the needs of a technology company.
$7K a day is an absolute steal!!
____________________________
A what? A technology company? The jokes thrown out here are unending.
Thought it was suppose to be a treasure hunting company? Oh, so now it's a technology company. A spiffy looking toy that to date has produced nothing.
For a CEO to sit back and collect a 350k salary a year for absolute non-productive failure surely got to have the brazen balls to do so.
Oh, so that's the new twist. It's a technology company. Anything to try and justify the turd in the fancy candy bar rapper.
True, but I was being generous. But hey……
if they don’t give up then they haven’t failed.
At least that’s what I read on the internet.
Quote: $7K a day is quite the budget for being on a wreck that they can’t ID.
__________________________________________________
No solid evidence that they are on a wreck at all.
I wonder what Rocket Man Reynolds is……
making, as well as Timmy the PM, who are one in the same.
Then there’s his daughter, the compliance officer.
$7K a day is quite the budget for being on a wreck that they can’t ID.
Why change the business model? KK makes $1,000 a day, seems to be a good model for him. Looks like it meets his definition of success. The current shareholders live on hope and this seems working for them. But truth is no success in finding anything of value. They have a toy they don’t patent or even copyright the name. They collected money from a company to prepay for the SeaSearcher over a year ago and haven’t preformed the work. This is probably because it doesn’t preform as advertised. But KK still gets paid $1,000 a day 7 days a week So what’s the problem? If the BOD can be swayed by HOPE then all is good. Still a clown show by all others POV.
it never goes anywhere or does anything. prs dont move it. dilution keeps it down and it dilutes endlessly. clearly a failure
SFRX can’t confirm the origins of a wreck…….or
for that matter, locate one, but affiliates can CONfirm the origins of comments?
BWAHAHAHAHA
Thanks for the confirmation Golden. It was hard to tell with all the redundant ranting.
So, yes. The answer is yes.
Followers
|
273
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
75063
|
Created
|
01/15/06
|
Type
|
Free
|
Moderators Southern Gal trueblue hedge_fun Wahoo98 Bubble Head |
SEAFARER EXPLORATION CORP.
Seafarer is an underwater salvage and exploration company. The Company is focused on the exploration of a shipwreck through its wholly owned subsidiary, Seafarer Exploration, Inc.
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds. www.seafarercorp.com
PHOENIX, AZ / ACCESSWIRE / July 15, 2019 / The Stock Day Podcast welcomed Seafarer Exploration Corp. (OTC PINK: SFRX) (“the Company”), a publicly traded underwater salvage and exploration company. President of Legacy Angel Network, Matt Helmintoller, joined Stock Day host Everett Jolly.
Jolly began the interview by asking Helmintoller how he became involved with the Company. “My job is to find companies that have a potential for viability within the marketplace,” explained Helmintoller. He further shared that his relationship with the Company began out of curiosity and has grown into a successful partnership.
Helmintoller also explained that Legacy Angel Network took an in-depth look at the Company, including the management team and their business plan, prior to entering business with them. “What I found was that the scientific approach to what they were doing was completely unique to them,” stated Helmintoller. “You don’t see treasure hunting companies doing this stuff,” he added. “It was fascinating to me,” stated Helmintoller.
Jolly then asked about Helmintoller’s role with the Company going forward. He explained that in addition to investment funds, the Company will also have access to their corporate partners, which represent significant opportunities including additional partnerships and capabilities. “We care about the return of our investors and we care about the people that we invest in,” stated Helmintoller.
To close the interview, Helmintoller shared that the Company is one that shareholders can trust. He also added that the values of the Company are reflected in their CEO, Kyle Kennedy, and the way that he leads the management team and their projects.
To hear Matt Helmintoller’s entire interview, follow the link to the podcast here: https://audioboom.com/posts/7314810-the-stock-day-podcast-hosts-the-president-of-legacy-angel-network-to-discuss-their-partnership-wi.
United States, Florida, Palm Bay – 06/04/2019 (PRDistribution.com)
Wild Manta, LLC is pleased to announce it has entered into an agreement with Seafarer Exploration Corp (OTCMKTS: SFRX) to develop and manufacture multiple advanced underwater sensor platforms for detecting, 3D mapping and identifying shipwrecks, artifacts, and metals, including non-ferrous metals. The SeaSearcher(tm) platform houses an array of sophisticated custom-developed sensors for detection, 3D mapping, identification, interrogation, and discrimination of sub-bottom artifacts. These advanced sensors result in an integrated and eye-opening toolset for Seafarer Exploration Corp as well as an advancement of the art of undersea exploration.– Kyle Kennedy, CEO
TAMPA, Fla., April 10, 2019 /PRNewswire/ — Seafarer Exploration Corp. (OTCQB: SFRX) and Blockchain Logistech, LLC are pleased to announce a new and additional U.S. government agency has secured the services of their strategic partner Probability and Statistics, Inc. (P&S). P&S has been engaged to create and service a government agency project for the next 12 months and beyond. The purchase order is the second of other planned projects to service a group of U.S. government agencies.
Seafarer CEO Kyle Kennedy commented, “The significance of a different U.S. government agency being recruited by Seafarer to contract with P&S demonstrates the validity of the business model to build multiple revenue streams for Seafarer. Attracting these government contracts is wonderful for Seafarer shareholders and I expect them to continue to expand. But this is still the beginning as I anticipate encryption work from other business sectors outside of government entities.”
Kennedy added, “P&S has been an amazing business partner who understands the needs and nuances of a complicated, diverse and secretive clientele. The solutions offered by P&S are tailored to meet the extremely high demands of some of the most sophisticated and technologically advanced agencies in the world.”
Don Beavers, CEO of P&S, stated, “Probability and Statistics, is pleased to have received this additional government agency contract through the efforts of the Blockchain LogisTech team at Seafarer. This is the second of a total of six pending Federal level contracts for this year. We are also anticipating the awarding of Seafarer’s first State-level contract sometime in the third quarter. What an incredible first year for our strategic partnership! These additional contracts should begin providing ongoing monthly revenues to Seafarer within the next few months and these types of contracts can often renew for multiple years.”
Seafarer's Quest Issued 3-Year Renewal of Melbourne Beach Permits
TAMPA, Fla., March 12, 2019 -- Seafarer Exploration Corp. (OTCQB: SFRX) is pleased to announce it has been granted renewals to two 1A-31 Exploration Permits, each with a Dig and Identify Modification, for Areas 1 and 2 of the Melbourne Beach site from the Florida Bureau of Archaeological Research (FBAR) and the Division of Historical Resources (DHR). The DHR is issuing a 3-year extension for permit numbers 2016.05 and 2014.04 to Seafarer's Quest LLC, which will extend the permits to March 1, 2022 and January 14, 2022, respectively. Seafarer's Quest is a partnership between Seafarer Exploration and Heartland Treasure Quest.
Seafarer CEO Kyle Kennedy stated, "We are again pleased to receive these renewals as there are several areas of interest that warrant further investigation in these territories. Hopefully, some of the new technology we are developing internally will help us better understand this wreck site. Also, I'd like to thank the director and staff at FBAR and DHR for their cooperation and assistance."
Mr. Kennedy continued, "With the help of the scientists and engineers at Probability and Statistics and the Florida Institute of Technology we should be able to significantly increase our knowledge of this shipwreck and further verify its provenance. At this point, our research and investigation indicates a Spanish 1715 fleet shipwreck."
All work will be conducted under the terms of an exploration permit issued by the Florida Department of State, Bureau of Archaeological Research, Division of Historical Resources.
TAMPA, Fla., March 4, 2019 /PRNewswire/ — Seafarer Exploration Corp. (OTCQB: SFRX) and Blockchain Logistech, LLC are pleased to announce their initial client contract to secure the services of their strategic partner Probability and Statistics, Inc. (P&S). The client has engaged P&S to create and service a US government agency project for the next 12 months and beyond. The purchase order is the first of other planned projects to service a group of US government agencies.
Seafarer CEO Kyle Kennedy stated, “I am happy that we have generated a revenue stream for the company with such a prestigious agency. While I am restricted from commenting on specific details, the initial purchase order will pay Seafarer a small fixed revenue monthly for 12 months and then a maintenance package after that. I have stated for some time now in our filings and in public that it is the Company’s intent to build revenues with P&S through blockchain encryption and other related services. While this purchase order is just a start, it’s a great start. I am tremendously thankful for the dedication, persistence, and professionalism of everyone at P&S, especially Donald Beavers and their Director of Software Development James Kreigh.”
Donald Beavers, CEO of P&S, commented, “It is exciting to see this team’s careful planning and vision come together successfully. We already have other scopes of work in process on which we continue to build. The unique, highly technical services and expertise that we each offer will help both companies build a successful and long-term relationship. I agree with Mr. Kennedy that we are off to a great start, a start that is honestly better than I could have previously imagined.”
PHOENIX, Feb 14, 2019 (GLOBE NEWSWIRE via COMTEX) -- PHOENIX, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Uptick Newswire Stock Day Podcast welcomed a partner of Seafarer Exploration (SFRX), a publicly traded underwater salvage and exploration company. Don Beavers, the President and CEO of Probability and Statistics, Inc., joined Stock Day host Everett Jolly to discuss their partnership with Seafarer Exploration.
Jolly began the interview by announcing to listeners that the Stock Day Podcast will be hosting a five-part special on Seafarer Exploration. Just five days ago Chief Technology Officer, Dr. Michael Torres, appeared on the Stock Day show.
Jolly then asked Beavers to share some insight into the partnership between Probability and Statistics, Inc. (P&S) and Seafarer Exploration. Beavers stated, "We started working with Seafarer last year, they're an undersea exploration company. We do a lot of high-end computational mathematics and technology integration, and we saw some opportunities to work with them. They've got a great company and we've got some technologies that really fit into what they do."
Beavers further explained that Probability and Statistics, Inc. mainly specializes in the aerospace industry, compared to Seafarer which specializes in undersea exploration.
Surprisingly, these industries have a lot in common including similar mathematical applications. The partnership between these two companies will allow Probability and Statistics, Inc. to help Seafarer Exploration track debris fields and determine the most likely location of wreckage spots. Additionally, Probability and Statistics, Inc. has extensive experience in blockchain technology which benefits the Company's search for rare metals.
Beavers also shared that P&S is also helping Seafarer Exploration develop new sensor technology that allows them to find non-ferrous metals at a much greater distance than ever before. "We have a pretty impressive engineering department here and we have some really talented scientists, and we're helping Seafarer Exploration make this part of the job a lot easier," stated Beavers.
Beavers added, "Our goal is to make Seafarer the most advanced company, technologically, out there." He continued by sharing his excitement for their partnership with Seafarer Exploration and the technology that P&S will be able to share with them. Beavers then closed by stating his amazement for the Company's findings and his own personal enjoyment in participating in the search for treasure.
To hear the complete interview for Seafarer Exploration follow the link to the podcast here: https://upticknewswire.com/featured-interview-don-beaver-president-of-probability-statistics-inc-otcpink-sfrx/
TAMPA, Fla., Sept. 5, 2018 /PRNewswire/ -- Seafarer Exploration Corporation is pleased to announce a share exchange of 60 million restricted common shares for 10,000 non-dilutive common shares of the private company Probabilities and Statistics, Inc. (P&S). Seafarer has received a one percent position in P&S.
Kyle Kennedy, CEO of SFRX, stated, "This is the first major step in building a strong symbiotic relationship with a cutting-edge technology company. P&S has the capacity to take us to a new level of technological development and ultimately potential revenues. A carefully designed program has been created between P&S and Seafarer to both monetize emerging technologies and engage Seafarer to be compensated for directing private and public companies who wish to utilize blockchain encryption to P&S for their services. P&S is a leader in blockchain encryption and already works with government, aerospace, defense contractors, banks and industries in a high-tech research, development and support role. Nobody in our industry sector remotely comes close to what Seafarer is doing. We already set the bar in everything we do, but P&S can take us into a space that far exceeds our expectations and industry norms."
Kennedy continued, "P&S has an exceptional team of scientists and engineers who can further propel our own development of technology in specialized equipment to advance our proprietary designs. Additionally, P&S has innovative computing and modeling systems which utilize a type of artificial intelligence to maximize effectiveness through its proprietary advanced algorithms. To our knowledge and extensive research, no one compares to P&S."
Mr. Kennedy added, "While ongoing upgrades to the Iron Maiden have limited the number of working days, combined with fewer days of seas under three feet, we have continued to work and find shipwreck material. We appear to have shipwreck debris from the early 1700s, but the area is large and will require more work."
Don Beavers, president of P&S, stated, "Probability and Statistics is very excited about proceeding with Seafarer Exploration on multiple projects including blockchain applications, engineering support, topographic modeling, sensor recording and analysis, and other relevant advanced technology integration. Our experience in aerospace and engineering directly translates to new and exciting opportunities in the undersea world. Combining our advanced computing with Seafarer's exploration experience brings significant potential for success. Our blockchain data systems could also provide a competitive advantage for Seafarer in both data and security. We also believe that Seafarers existing partnerships and alliances, developed over many years, will lead to potential new projects and revenues for both corporations. Our equity exchange is based, from our point of view, on the belief that our technology could push Seafarer to the very forefront of sub-aquatic exploration and its related industries and bring new revenue opportunities to both entities."
Jun 20, 2013 (ACCESSWIRE via COMTEX) -- Receipt of Permit from the U.S. Army Corps of Engineers and Easement Clears Way for Excavation to Begin on June 20th, 2013
TAMPA, FL June 20th, 2013 — Seafarer Exploration Corp. (OTCQB: SFRX), a company focused on the archaeology and research of historic shipwrecks, has crossed the final hurdles relating to the proposed excavation of a shipwreck site located off of Lantana Beach, FL with the recent receipt of a permit from the U.S Army Corps of Engineers and an underwater easement agreement from the Board of Trustees of the Internal Improvement Trust Fund. The permit from the U.S Army Corps of Engineers, a five-year approval ending on June 18th, 2018, represents the last step in Seafarer's quest to excavate this exciting shipwreck site and that effort will begin in earnest on June 20th, 2013.
Seafarer received an initial permit from the State of Florida for a shipwreck site located off of Lantana Beach, Florida in 2012. The site has recently been surveyed using a Geometrics 882 Cesium Vapor Magnetometer and this survey work showed compelling evidence that a large part of the ship lies buried in a relatively compacted area. Having completed phase I of the mapping survey and underwater video, Seafarer is now beginning phase II known as digging and identifying the wreck. Items found and documented on this site in past explorations by third parties suggest the wreck might be a French or Spanish ship from the late 1600s however it will require significantly more work and time to determine what is actually contained on the site.
Kyle Kennedy, CEO of Seafarer, commented, "We wish to thank all of the U.S. Army Corps of Engineers personnel, especially Melody White, who worked diligently on our permit until it was completed. With the final step in place, including the easement, we can now begin to focus our efforts on discovering the wreck site. We understand the great responsibility placed upon us and will strive to do our best and to exceed expectations."
Alexander Javorsky, captain of the Iron Maiden, stated, "We have the ship fine-tuned and operating very smoothly. We have assembled a competent, honest crew ready to work, which I am proud to be part of. The excitement of the crew is overwhelming, and we are eager to begin excavation."
About Seafarer Exploration Corp. (www.seafarercorp.com)
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company. The principal business of the company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration and recovery of historic shipwrecks. The company is attempting to secure multiple sites it believes may contain historic shipwrecks. The company will use accepted archaeological methods to properly document, research and recover portions of the wrecks.
TAMPA, Fla., June 5, 2013 /PRNewswire/ -- Seafarer Exploration Corp. (SFRX), a company focused on the archaeology and research of historic shipwrecks, has received an Environmental Resources Permit relating to the proposed excavation of a shipwreck site located off of Lantana Beach, FL. The permit was issued pursuant to Part IV of Chapter 373, Florida Statutes and Title 62, Florida Administrative Code from the Florida Department of Environmental Protection (DEP) and represents an important step in Seafarer's quest to excavate this exciting shipwreck site.
Seafarer received a permit from the State of Florida for a shipwreck site located off of Lantana Beach, Florida in 2012. The site has recently been surveyed using a Geometrics 882 Cesium Vapor Magnetometer and this survey work showed compelling evidence that a large part of the ship lies buried in a relatively compacted area. Having completed phase I of the mapping survey and underwater video, Seafarer is preparing to begin digging and identifying the wreck and the DEP permit is an important step in that process. Items found and documented on this site in past explorations by third parties suggest the wreck could be a French or Spanish ship from the late 1600s but it will require more work to determine with accuracy what is actually contained on the site.
"We are certainly happy to be one step closer to being able to explore and identify cultural material of the Lantana site" said Kyle Kennedy, CEO of Seafarer. "I want to personally thank the hard working individuals of the DEP who thoroughly dove, investigated and processed our 2nd site, Lantana; with special thanks to Benny Luedike who advised and proactively managed all aspects of processing the permit. I also want to thank our own Joe Albert for his continual diligence and work ethic toward completion of the permit."
Mr. Kennedy continued. "We have stayed focused on our short term goals to obtain three concurrent active sites while researching for sites four and five. We have also maintained and furthered our goals of developing long term strategic relationships with both local and foreign governments and contributing to research and education. Our crew and myself have completed hours of educational study of archaeology classes given by Dr. John de Bry, and will have continual course study into the future. We have recently completed a research trip to France with Dr. de Bry where historical research was conducted and many interesting and significant facts were discovered. Some of the research pictures can be seen on our website www.seafarercorp.com."
Archival research was conducted by Dr. de Bry in the archives in Dieppe and also in both the Archives Nationales and the Bibliotheque Nationale de France (BnF) in Paris. His research was divided into two sections; (1) looking for and acquiring data on the 1715 Fleet that sunk off Florida on July 31st of that year, and (2) searching for documents pertaining to the Jean Ribault Fleet of 1565 sunk north of Cape Canaveral. Both endeavors were supported by Seafarer. Dr. de Bry located several documents pertaining to the 1715 Fleet as well as one important document related to the loss of the 1565 French fleet. He is of the opinion that additional documents on the 1715 Fleet will be located at the Archivo General de Indias (AGI) in Seville, Spain and in the National Archives of Cuba located in Havana. Such manuscript documents will help Seafarer achieve a more accurate interpretation of the cultural history of the Site (Melbourne Beach Site).
TAMPA, Fla.--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB:SFRX.ob - News) announced today the company has received from the Division of Historical Resources a 1A-31 Recovery Permit active through April 25, 2014. The permit allows Seafarer the ability to dig and recover the designated site at Juno Beach, Florida using propwash deflectors (blowers) and dredges including other smaller specialized digging equipment for sensitive archaeological work.
Kyle Kennedy, CEO, stated: "This is fantastic. We are making history by being the first Company ever in Florida to receive a three year recovery permit. My thanks goes out to our dedicated staff and shareholders who have persevered through the battles and difficult challenges we have faced over the last year and a half. Through those adversities, we have come out stronger and better. We have targeted some areas of interest with the cesium vapor magnetometer survey which we will explore initially. We have developed relationships, which should evolve into future partnerships and/or joint ventures to create an exciting year moving forward. We have explored other sites in both the US and abroad to expand our knowledge and possible opportunities. We are being given an exciting opportunity with great responsibility to perform over the next three years. This is the single most exciting time in our Company's history. We are increasing our authorized shares to allow us the ability to capitalize our operations over time and finance future projects as they present themselves. We have now positioned ourselves to maximize our true potential. And as one of our shareholders, Jeff Vortman constantly tells me "Go for the gold", we certainly intend to."
http://finance.yahoo.com/news/Seafarer-Receives-3-Year-bw-3668036658.html?x=0&.v=1 ;
TAMPA, Fla.--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB:SFRX.ob - News) announces the addition of two new Board members to help guide the company into the future. R. Chip Johnson and Charles Branscum have unanimously been voted in to join the Board of Directors to fill past vacancies. Kyle Kennedy, CEO, stated: "I am very pleased to have the caliber and high professional standards of each of these successful entrepreneurs to help us build the company. Mr. Johnson has a wealth of experience in small business development and the financial markets. Mr. Branscum has the insight of management and experience with a multi-billion dollar industrial company. The diversity and independent thought each brings to the table should help Seafarer in the years to come."
Mr. Johnson stated, "I am very excited for the opportunity to serve on Seafarer's board. With 23 years in the equities industry, including co-founding one of the largest broker dealers in Florida, and with a lifetime of maritime experience, I am looking forward to applying all my resources to this project. Having worked directly with Mr. Kennedy and his team, I have been extremely impressed with their drive and determination to succeed. Most impressive and important is the level of integrity demonstrated by every member of the company. I am proud to be part of this team and help build the fundamental structure to take Seafarer to the next level."
Mr. Branscum stated, "It pleases me, having known Mr. Kennedy over the last 30 years and seeing the successful companies he has built, to be part of something so exciting as Seafarer. To help answer the challenges a small public company constantly faces can be a very rewarding experience. I look forward to using my background and experience to help build shareholder value."
http://finance.yahoo.com/news/Seafarer-Introduces-Two-New-bw-3701397921.html?x=0&.v=1
TAMPA, Fla.--(BUSINESS WIRE)-- Seafarer Exploration Corp. (OTCBB:SFRX.ob - News) announced a Hillsborough County Jury rendered a verdict on April 5th 2011 at 4:45 pm in favor of Seafarer for $5,080,000.00 in compensatory damages. After two days of evidence had been presented in court, a jury determined that hundreds of on line posts written by Sean Murphy under the screen name of "Floridatreasurecapt" were false and caused a decrease in market price. Seafarer believes collecting any or all of the damages will be difficult to do, but will continue to try to collect until paid in full.
One of the Board Directors for Seafarer, Pelle Ojasu, stated, "We are pleased with the verdict rendered by the jury and I am very happy our CEO maintained his vigilance to prosecute those who would maliciously hurt the Company and its' personnel through relentless false postings over the last year. Now that the truth has finally come out, we can continue our focus on building shareholder value and executing our business plan." Lead trial attorney, Craig A. Huffman stated, "Mr. Murphy is going to be an example of what should happen to people who sit behind screen names and negatively, falsely, impinge the lives of people and of good companies. We are not done with him yet. This will set a precedent for small market companies to fight back." Co-counsel, David Chalela, stated, "We and our client are weighing the approach to take toward punitive damages in this case to dissuade others from doing this."
http://finance.yahoo.com/news/Seafarer-Awarded-5-Million-bw-3850860812.html?x=0&.v=1 ;
|
Exchange: NASDAQ OTCBB: SFRX | |
Investor Relations Contact: Kyle Kennedy, CEO
Transfer Agent: 16540 Pointe Village Dr., Suite 201 Lutz, Fl. 33558 | |
Stock Quote: Quotes are available by directing your browser to: http://www.marketwatch.com/Quotes/sfrx |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |