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So if Gman calls Kyle to ask when……
the permit will be issued, and Kyle says,
I didn’t purposely leave off anything……and
the explanation of the rule includes the word material, which is from the link I shared, was spelled out in the post you responded to.
Discussing when the permit is coming, if Kyle actually knew, would be material. That was what Gman was asking about when he was instructed to call Kyle, and what my comment was addressing.
Did you purposely forget that Gman was asking WHEN?
The last comment from the company is in the filing certified by Kyle. If there is any change from that it’s not something to be discussed on a phone call.
The person suggesting folks call Kyle said it was his understanding the permit was coming earlier this month.
Who led him to believe that’s when it was coming?
Who does he keep saying folks should call?
Hmmm
Maybe he should call Mary at the state and she’ll say…..the permit is basically ready to go.
Wasn’t SFRX suspended for failing to properly report when she “allegedly” told you that?
Hype and hope videos for Juno is all……
they can produce.
They won’t even release the data.
Salvors looking to raise money from investors share their research, data, cargo details, or whatever they have.
The valuation they claimed MFT provided, but MFT denies was a complete joke.
They claim on their website 1500 future sites, so why aren’t they on another site? I think that speaks volumes.
Also, per Reg FD Kyle is not disclose anything to you that he hasn’t disclosed to the public. The person continuing to insist you should call him said the permit was supposed to be issued earlier this month.
Fair Disclosure, Regulation FD
Regulation FD addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must also make public disclosure of that information. In this way, Regulation FD aims to promote full and fair disclosure.
https://www.investor.gov/introduction-investing/investing-basics/glossary/fair-disclosure-regulation-fd
This is what Kyle said on the matter…..
If anything has changed no one needs to call him, he needs to update the public per Reg FD.
What he said is different than what you said when you claimed it would be issued by the middle of this month. Not sure how you know when the company says they don’t even know if the permit will ever be issued.
The Company is currently awaiting a permit from the USACE for its Juno Beach shipwreck site. This permitting process has taken longer than anticipated, the Company and some of its advisers have had meetings and discussion with USACE personnel regarding the permit. There is the possibility that the permit will continue to be delayed, potentially for an extended period of time poten. (sic) The Company is not able to predict when, or if, the USACE permit will be issued for the Juno Beach shipwreck site.
Page 26: https://www.sec.gov/ix?doc=/Archives/edgar/data/1106213/000119983523000432/sfrx-10q.htm
In the meantime, I guess they’ll just wait, which I take to mean they have nowhere else to go.
They recruited someone who has had success locating wrecks, Bobby Pritchett.
I am surprised they haven’t said they have found something and are seeking an Admiralty claim. That legal process generally takes about 90 days start to finish.
The biggest issue is if the wreck has the right legal profile. Most don’t.
A Spanish vessel belongs to Spain, regardless of when it sank, and they don’t allow their cultural heritage to be disturbed. In fact it is illegal without their permission. Same with France, Germany, Russia, Japan, UK, and a few others. The US recognizes Sovereign Immunity and expects the same from these countries. TSR doesn’t even want to go there. Pritchett just had a huge legal setback with France.
Their target should be a vessel that sank with a valuable cargo whose owner no longer exist. An example would be a passenger liner from the early to mid 1800’s. Generally those companies no longer exist, so they can’t make a claim on the wreck. Of course if they do exist they would likely pay a salvage award, which would usually be 80% or more.
The site TSR is working in Florida state waters is grandfathered, as the legal matters were resolved back in the 80’s. Just like the Atocha and Santa Margarita.
The Bahamas doesn’t recognize Sovereign Immunity which is why Allen Exploration (Carl Allen) is able to salvage the Maravillas. They believe it’s their wreck as it sank in their territorial waters. Spain objected and the Bahamas told them to go pound sand. I know of another salvor who has a permit application on the Prime Ministers desk wanting to contract with them. There are several galleons that sank around the Bahamas, but they don’t hand out permits to just anyone. AllenX is the only active permit there.
I’m a shipwreck junkie. It would be great to hear of a new find. I hope it works out and Bobby not only finds it, but gets to keep it.
GL
More on AllenX.
Tony has ZERO voting rights. What a corporate…..
mess. It’s actually worst than I thought. I can’t believe I missed it before.
Look at how the real man of genius wrote the formula when he hijacked APRU back in 2014. See specifically the third paragraph and the last line leading to the example. The formula is multiplied by the number of outstanding Preferred C shares, which is zero. There’s no Designation for a class of C shares.
Even if he does the multiplying and dividing in the formula and comes up with 1 trillion, he still has to multiply that by the number of outstanding C shares, which is ZERO.
1 trillion x 0 = ZERO
The example he gives doesn’t even follow the formula. It is in the Designation he filed with Texas.
Nice sticky post LC......
Did Tony hand out free samples?……
SFRX would love to find ONE trinket. Look…..
what they did with the death mask. Talk about a pump fest.
Even though they claimed the Toy is programmed for large CONcentrations, if they found an extremely degraded silver coin by accident, you will be the first to proclaim……see it works. Told ya.
And you certainly would NOT call it a trinket. Oh no.
If anyone mocked the find you would be firing back saying how complicated treasure hunting is.
Have a great weekend. I hear that’s all it takes.
Oh, any truth to the rumor that Lantana might be in play again?
Or are they going to give the Corp another year and wait on the permit?
Waiting sure hasn’t slowed dilution. In fact, it’s accelerated it.
Now that the music started again, maybe……..
Tony will get the Tweets going next like he did early this year.
Most are still stickies where he promised actions but failed to deliver.
You know, share reduction, finalizing Lena, new deals, etc.
Rinse, wash, repeat.
If it's complicated, and there's more to......
it than scanning a site over a weekend, why the smart-ass comments about those that have not only found trinkets in the span of about a month, including surveying the site, but have found at least a dozen wrecks between them and their partners?
SFRX has never found a trinket in a decade and a half, not even one. And they got what, kudos for finding a partial wreck a hurricane uncovered?
Kyle projected treasure in Q1 2020 and doubled down on the projection in the middle of the quarter. There wasn't even a wreck to scan.
It's not about what you're looking for, it's about what you have found.
The complication for us has been having the proper vessel and equipment to salvage the wrecks we have found with known valuable cargos.
I have to be careful because we keep our secrets, but the issue with the Connaught, which we know had a bank shipment that was not recovered were the commercial fishing nets. That's an AUV death trap.
The Merida would require underwater torches but would be EXTREMELY dangerous. Lots of metal cutting.
Yeah, it's complicated. We know all about it because WE'VE FOUND WRECKS WITH VALUABLE CARGO. We don't make YouTube videos pretending to be salvors.
But it's not, "the treasure is 5 miles from the ballast pile" complicated, or we have to wait on a permit complicated. That's complications SFRX has brought upon themselves.
Yeah, it's complicated, which is why few do it, and even fewer have had success, including SFRX.
The reason they have almost 50B AS is.......
because of the conversion rights of the A's, which is based on price.
So who has more voting control, Tony……,
who has 75B shares or the owner of 2.5MM A shares.
Based on the voting rights as filed with TX, do the math.
TIA.
For extra credit, do the math on the new rights Tony has yet to file with TX.
If you prefer I can do it and sticky it and you can say it’s wrong without providing proof, as you always do.
Further, until the B’s are cancelled, ALL beneficial owners would have to apply for a liquor license.
Funny that it’s been almost 17 months and no application has been made.
#whollyownedsubsidiary
Oh wait, if they did the technology……
would be stolen, right?
At least you admit third parties could test it.
Excuses, excuses, excuses, but trust us it works and it’s so much more efficient.
#notevenatrinket
I’m not the one who said it only……
takes a weekend. That was Mad Max. Are you saying he lied?
Were these sites duds?
All I hear SFRX say is they’re waiting.
”We are now using the SeaSearcher, as weather permits, to scan several other shipwreck sites of interest. We have part of a shipwreck in Melbourne Beach Area 1 that we call the HTQ site. Additionally, we have pieces of what appears to be a shipwreck trail that is potentially from a historic sunken fleet, though a more thorough inspection of diagnostic artifacts must be completed to fully determine its origin. We have located several shipwreck sites that are beyond the nautical three-mile mark which all need to be scanned by the SeaSearcher. We are excited to scan the Juno Beach Admiralty Arrest site, where previously-conducted survey data was withheld from us by two different entities for the past 14 years. We have found the Juno Beach site has a large and thick teredo crust in the vicinity of the ballast pile that previous salvors assumed was the seabed. Obviously, the crew is anxious to use the SeaSearcher to scan the crust andsee what lies beneath it.”
Mr. Kennedy concluded, “There are also treasure salvors, both domestic and abroad, who would like to lease the SeaSearcher for use on their shipwreck sites. With all of these sites in our immediate and near future, we have plenty to keep us busy. I believe our shareholders will enjoy and appreciate seeing our technological advances and future finds. All of thisprofessional work bodes well for our newly initiated media endeavor.”
https://seafarerexplorationcorp.com/seafarer-announces-second-generation-seasearcher/
So he can tell me to trust the……
process?
I think I’ll stick to checking TX SOS. It’s far more reliable than Tony.
Does that mean if nothing is found……
at Juno they won’t be called liars, and the test results you tout are meaningless?
They’ve claimed it worked for over 4 years.
You think third party testing hasn’t an option? That would shield SFRX, wouldn’t it?
Or should we just wait so you can say SOON for the next 10 years?
So no discussion of the control dispute?…..
What a shock!
The last Corp permit on Juno was valid……
with a state permit. No active state permit meant the Corps permit was not valid. But the state can’t issue a permit for Juno.
The state has the responsibility to oversee things within state waters that the Corp does not.
Since Juno was exempt under the ABA, they should have never let the permits expire.
But they did.
Is there a remedy?
Apparently it’s to just wait. Don’t go anywhere else and locate treasure even though it only takes a weekend.
Nope, just wait.
In the meantime they can keep saying it works even though they really can’t wait to prove to the world that it does.
Just wait.
GL Gman.
You don’t think test results are material?…….If
not, why?
Game over? No freakin way. SFRX…….
still has NASDAQ shares. Ain’t no game over bruh!
Kyle will find another site that’s been worked for decades and claim there’s a potential $25B there based on the size of an anchor or some stupid shit like that, which will be well received by novices.
If/when they get the permit you claimed was coming over 2 weeks ago, and don’t find something quickly, look for excuses about the worm poop being too tough to penetrate.
Before “giving up” on Juno look for a new site announcement. They might even “give up” for environmental concerns (wink wink), not because (ahem) nothing is there.
Or Kyle could sue Tim like he did Torres and say he was duped. Lots of possibilities.
Now if they don’t get the permit, then Kyle’s gets to play victim…..again.
You mean messaging someone who doesn't have......
an account, right?
You need to look in the mirror. My questions......
for Tony had nothing to do with posters, yet you admit that has been some discussions with Tony, cuz we all know he doesn't read the board, he just gets told who is mean to him.
So, if a "meanie" reaches out to him and he doesn't respond, you ask, why should he? You're mean.
Remember the shareholder update Tony had about a poster?
It’s rhetorical.
BTW, I don't recall saying the company was fake. When I showed up it was dark, as well as a corporate mess. The latter hasn't changed though Tony has repeatedly suggested that a cleanup was coming. He's even said the lawyers were working on it. Didn't he tell you the same thing over a year ago regarding Lena.....ON A PHONE CALL? Lotta good that did, eh?
Not much of a company with sales of about $75 a day, and at least one beneficial owner that refuses to play nice with Tony.
Maybe Tony was mean to him.
Hmmmm
#bestboardever
#oratleastaclosesecond
No, it's amusing seeing you deflect from Tony's......
miserable results. You obviously think he can do no better.
It's amusing that you will not explain what good calling him has done anyone, yet so insistent that's what people should do.
You're a hoot, as are your sidekicks.
Allegedly SFRX is about to make history with……
the most valuable find ever, and the permit to salvage this historic find is said to be “imminent.” (direct quote)
Upon commencing this historic event, cameras will be rolling, as SFRX supposedly has a media deal though they’ve never disclosed it in detail.
We were told the screws have been tightened on the tech so it finds large concentrations, and shareholders have said, they wouldn’t be waiting if nothing was there.
No doubt, when all this happens, Mel Fisher will be a footnote in the industry, especially as SFRX makes more and more finds.
But the concern is a recent trend down in the pps?
#carpetdoesntmatchthedrapes
Because calling Tony is a waste of time…..
It’s like conversing with you.
I have asked you why you accept such miserable results and you refuse to answer.
You refuse to answer what calling him would accomplish.
I don’t need to call him to ask about who controls APRU because it’s obvious from public info that he doesn’t. At best he shares control, and the other beneficial owner is jacking him around. Read the damn filings.
I don’t need to ask him any of the questions I shared with the other poster. Tony isn’t reliable. But if he is gonna do it, those were some to ponder that weren’t material.
What has any of your calls with him accomplished?
Tell us why this is of such importance or STFU.
You’re a broken record who refuses to answer the simplest questions.
But maybe I’ll email him. I prefer he answers in writing.
If he doesn’t answer I am sure you’ll carry his water and say something like, why would he respond because you’re mean to him, even though he doesn’t read Ihub.
Or that I really didn’t send an email. You’re as predictable as his failed projections.
Since you say you will call, and not…..
that I expect he will answer, here are some questions you could ask. And since he reads Ihub he has time to prepare his answers. None of these questions are material, so he could answer without violating Reg FD.
*Why do several subsidiaries APRU supposedly owns not list him or APRU as a member or officer?
*How does he carry insurance on these subsidiaries without proper registration?
*How is Apple Rush going to conduct business in Illinois when they are currently forbidden to do so? And what’s the hold up in getting this resolved?
Asking him about finalizing Lena is material, so at best he would/should be vague. He might say something like, well it’s taking longer than expected, but the deal is still on. Lawyers got the paperwork, blah, blah, blah.
Since he has said multiple times the deal was about to close and/or they were finalizing Lena, do you really need him to tell you the same thing again?
And would you believe it……again?
For fun, you could explain that there is a remedy to a lost CERT.
GL with your call.
If I could only be a fly on the wall.
I didn’t ask you when you last worked,…..
but since you avoided the actual question, let me ask another way regarding your acceptance of such miserable results.
Over the past several years you seemed to have had high expectations, as have others.
Sales are on pace for about $30K for 2023. Instead of the increases Tony has suggested were happening with re-orders, etc, they’ve gone from $750K to $30K annually. That’s a drop of over 95%.
So calling Tony somehow makes one forget about these miserable results? Does he tell you he’ll let you sit next to him at the beach party or something?
You keep insisting folks call and even mock the fact you don’t think I wouldn’t.
What would be the purpose of calling him?
I make comments about the obvious, which is he isn’t in control of APRU, and a phone call is supposed to change that?
If so, please explain.
Or do you just want me to stop stating the obvious, which is he is not in control?
So I need to call the guy who’s been……
promising corporate actions and producing no results?
Wouldn’t I be better off talking to the beneficial owner?
He’s the one who’s got Tony and APRU by the short hairs.
Just curious, did/do you by chance work where zero results were/are tolerated?
The sticky post from March says “finalizing Lena”…
Wasn’t that about the time the promo group was here?
Tony was gonna do some corporate restructuring.
How many times does he have to say that before folks realize a beneficial owner simply isn’t cooperating?
That could always change, but what’s their price?
Do they want Tony gone?
Just askin’
No need to apologize. You did the right......
thing asking for it to be gone even though you did nothing wrong. It's just not a good look.
Technically he could tell you something that isn't public, you just can't trade on that info. It's amusing how many times I see folks suggest others call Tony.
What is he supposed to tell people, the closing is on February 31st or something? hehehe
I can look at the Illinois Sec of State website and see who is applying in Stephenson Co to see if any movement is going on toward a closing. This is all public info, and if they got the registration resolved, Tony would NOT be required to disclose APRU is no longer revoked, or the Liquor Commission meeting has APRU on the agenda for a certain date.
But if I find this out, and though he hasn't disclosed it, I can legally trade on that information.
Years ago, I called a company and the CEO answered. It was an OTC lithium stock. He started telling me this stuff that was all BS but had not been disclosed. They had made a find, blah, blah, blah. It was this rosy picture and he wanted me to keep it hush, hush.
I wound up selling. The stock hadn't moved and I made no money, but I wanted nothing to do with it. I knew it was BS because an 8K should have been filed making the disclosure.
GL and be careful.
And you think he can share this non-public…..
info with you?
You’re not aware of Reg FD?
Fair Disclosure, Regulation FD
Regulation FD addresses the selective disclosure of information by publicly traded companies and other issuers. Regulation FD provides that when an issuer discloses material nonpublic information to certain individuals or entities—generally, securities market professionals, such as stock analysts, or holders of the issuer's securities who may well trade on the basis of the information—the issuer must also make public disclosure of that information. In this way, Regulation FD aims to promote full and fair disclosure.
https://www.investor.gov/introduction-investing/investing-basics/glossary/fair-disclosure-regulation-fd#:~:text=Regulation%20FD%20provides%20that%20when,must%20also%20make%20public%20disclosure
What’s he gonna tell me, inside info…..
or something?
Or suggest APRU doesn’t need an active registration in Illinois to apply and obtain a liquor license or obtain dram shop insurance?
What’s the purpose of calling him, to feel better about the $75 daily sales?
Please explain the need.
It’s been coming since Q1 2020, and Kyle…….
doubled down on that claim then.
Not advice, just an observation.
#notevenatrinket
Well good for you. Something you can…..
share with your grandkids.
You can begin the tale with……there once was a boogeyman named Hedge and he was soooo mean.
It's more believable than finding $15B under worm poop.
No, that would be SFRX. The FBAR……
is making us stop working because we potentially violated state and federal law.
The Corp is dragging their feet issuing the permit, even though they issued a permit on the same site before. (That previous permit was only valid with a state permit, which they can’t get. They let the previous state permit expire…..oops).
#explainingnotcomplaining
#watercarrier
They’re not naive, they have “hot air”……
duty, which I agree is most definitely humorous.
The reason they don’t want SFRX to provide data, is because they don’t believe there is any to provide pointing towards treasure.
They’re carrying SFRX’s water.
#wait
#wait
#wait
Say asking for them to provide data, which……
any salvor would do when looking to raise money for a project, with a device they claim works, is a complaint?
Amusing.
If we go along with that premise……
wouldn’t that be fun for you?
Or are you saying SFRX is scared of their critics?
If you don’t mind clarifying.
It wasn't advice. I asked questions that you......
want SFRX to run from. I didn't even ask you. Do you speak for others?
So, if/when they get the permit, and nothing is there you don't think they'll look stupid for waiting, while losing almost $9K a day and issuing over 1B shares for 2023?