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“Why would they continue to wait on the permit if the Timmy Toy surveys didn’t show treasure?” $1,000 a day for KK. He could ride the dead fish for years. Wait, he has. Hahahaha
He never really had a product for sale. His presentations were sketchy at best. Too bad. Now he is the guarantee of $24k monthly rent
If the figure out how to sell what they have.
Neat logo. Bet it cost more that the value of what they have recovered over the last 15 years. Maybe today is the day??? NOT
Someone loaded up on $1 worth of SFRX buying 400 shares yesterday. Today surely is the day lol
Another big move of 900 shares totaling $2.16. Surely today is the day. Lol
Big buyer just bought $1.25 worth of shares. Today is the day lol
That big buyer is back 100 shares for $0.27. Today is the day. LOL
What a goofball. “Today is the day”. Wonder if anyone believes it for this looser company
Hahahaha. Please keep it up
Quote “$$$$$$Today is the Day$$$$$$$” LOL. Again tooooo funny. Keep up the satire. You could post it every day and I would laugh.
Quote “$$$$$$Today is the Day$$$$$$$$”
Your satire is so funny. Keep on posting it lol. You have been doing it for years. Love it!
By the way, who is the trader that just bought $0.60 worth of stock? Why would someone do that?
I love your sarcasm! “Today’s the day”. Too funny
Looking back on that interview, you realize how funny he is. Just spewing BS to “make a living selling stocks”. He is worth every penny of his large salary. Not. Don’t worry success will come next quarter. Always next quarter. To day is the day Too funny.
Quiet? $1.85 in shares traded yesterday. Today so far $48. I’d say quiet.
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.
Quite the contrary. You don’t have to hard at all. Make a good product then don’t sell it.
Lol. Tell us how you really feel.
Are there any patents applied for on the SeaSearcher? Seems if it is such a game changer they would protect their investment with some solid patents.
Again read the just issued 10Q which is tough reading if your are a shareholder. This is what I quoted and referenced. Is there a specific question you have?
I would like to see that accusation with a source?
Direct quote is from page 25 of SFRX 10Q published 8/15/22 but similar statements were on page 22.
The prepaid work is on the financials balance sheet and the explanation on page 11.
Read the financials. It says they are bankrupt and if they can’t find financing or someone doesn’t give them $$ it will raise substantial doubt of the company’s ability “to continue as a going concern” 11 time is the same 10Q
“It will be interesting to find out if other companies are working with SFRX for access to Sea Searcher”
As of June 30 SFRX hasn’t provided the services of the SeaSearcher that someone prepaid $140,000 for over a year ago. Not sure why other companies would want to work with SFRX with that record. They “believe that it will continue to expend significant resource to further develop the SeaSearcher”
Doesn’t sound like it’s ready for the big time in my opinion.
Look out for all of those un-popped kernels in you popcorn. A half million dollar AP before kK spends 200 thousand a month to produce nothing. A “going concern” for years. This month sfrx took a $5,000 14 day loan and paid 500,000 shares as a loan origination fee. And multiple of very short term borrowing of convertible loans heavily discounted to $0.0012-0.0020 Glad I’m not a creditor. But you hold on to your shares. Hope sure is fun
Don’t think the SeaSearcher is working. According to the new 10-Q, over a year ago SFRX got prepaid $140,000 for scanning services and that $140k is still sitting on their books (am sure the cash is gone) as deferred revenue. Which means they haven’t preformed the scanning services.
Maybe it works but they can’t afford to have the boat and crew do it since they had only $14,047 in cash but $554,912 in accounts payable and a burn rate of around $210,000 a month. Who are the crazy people that keeps loaning them $$$
“But as long as they can find folks to buy discounted shares to keep the lights on, who needs success? “
It seems a very successful business model for KK and maybe his close associates if they can sell the restricted shares. $300k a year plus $5,000 a month in travel and entertainment. He is making out like a bandit.
The other “today is the day” shareholders can continue to dream on. Much more fun than facing reality in my humble opinion.
“ The team gave a presentation last night and all I will say is that it should become very clear in a relatively short period of time that some on this board are right about SFRX,”
So is this insider information available to all or just a few select people?
Besides according to the interview the other day KK has a boat that has a split hull. I’ve been around Boats a long time. Never seen one split a hull without hitting the rocks especially since they only go out on calm seas. I’ve seen the Good Fortune and it isn’t a lightweight boat. IMO just another excuse. One I’ve heard before
“Any word from Kyle?”
Hahaha. LOL
Quote “Surely they wouldn’t stay there for years and years like they have on Melbourne.
Would they?”
I’m not so sure. Seems like a pretty good gig to get payed what they pay KK to take a boat ride from time to time while running a company with just a few employees and never having income to speak of. I think he can keep it up for years as long as the board keeps approving borrowing and people don’t mind getting restricted stock at 1/2 price. What job has anyone you know been paid to do without producing ANY results over years. Pretty good gig IMO
“I know some bitter traders been bagholding this a long time at higher levels. These lows might be a good chance to average down. The stock itself seems to trade well.”
That’s because much of those restricted shares from all those many loans are coming out of restrictions lol. They were all secured below market. But if you want to throw more $ after bad to lower your average go for it.
LOL it already has tanked! Down 45% in 6 months. This company has had no profits ever. Everyone is paying for this guys hobby.
Quote “This Eagle Lake Country Club syndicate turd is burning through CASH like a California wild fire!”
So you have inside information on their sales and cash burn rate? Please share with us. I haven’t seen anything published for awhile.
It as been quiet here lately
This came out yesterday. Should be interesting.
According to filings with the U.S. Securities and Exchange Commission, Sollensys Corp. is raising $10,010,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Donald Beavers played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
https://www.intelligence360.news/palm-bay-florida-based-sollensys-corp-is-raising-10010000-00-in-new-equity-investment/
You were happy to value the company in July for around 1/2 cent a share even though the company had no activity for years and had a negative equity of (38,518). A true empty shell. Market value with 502,075,402 shares outstanding of $2,500,000. But now that it is filling up with a real business with sales and products and skilled employees in a new hot market you still want to value the company between 1-5 cents or at the midway point about the same as the empty shell. Mmmmm
Obviously it isn’t worth the current trading price to you. I would suggest you not buy now and wait until it gets to a price you want to pay. You have great math and have told everyone about your results several times. Since the share price hasn’t dropped, could it be they value something different than you do?
Login has a picture on their website of the balcony above the old 905 café where their office is. but they did start their company in space near Sollensys a couple of years ago. I’m sure Don has been working with them for awhile.
Sorry for the misstatement, the P&S shares are still on the balance sheet. So there goes most of their revenue stream. Haha
They haven’t worked their claims for months. They have no recovery permit. There are now over 5 billion outstanding shares. Their only real asset is their shares in P&S which just spun off Eagle Lake to Sollensys If their sub was really able to find and identify gold and silver they would apply for a recovery permit but the state permit is for archeological recovery Then they must split 80/20 what the get if anything. Then divid by 5 billion. Crazy.
I think their real value is the 10,000 shares in P&G and the new company they started Eagle Lake and the OTC shell they bought in August, Sollensys. You may want to check it out.