That $140,000 has been on their books for several years. I would think If the SeaSearcher worked and the company was true to its word you would think that SFRX would complete its end of the agreement. According to their financials they haven't. So ether the SeaSearcher doesn't work and/or SFRX isn't true to its word. Or the other corporation doesn't want the scanning preformed IMO. 

After reviewing their financials and the "Going Concern " notice, I believe SFRX has indeed found a ship wreck other than the worked over Juno and Melbourne Beach sites. It's there for all to see, their Financials. 

Will take awhile for me to sell enough shares to buy my lambo with big purchases of $2.00 like this morning. 

Has anyone noticed that if you look at the 3 year stock price chart the chart looks like it is flipping it's middle finger at you 😆

Somebody just bought $4.20 in shares to raise the price 10%. Seems a lot of that goes on with this stock. 

I find it interesting that he gets paid in cash but many get paid in restricted shares. Can anyone sell those shares on the market after their waiting period? I know a few who can't. 

"And Kyle got a $77K bonus, along with his $223K salary. About $25K a month, not bad."

Some numbers fun:288mm shares issued over 30 trading days is 8,266mm shares issued per day on average. The daily number of shares trading 1yr avg is 3.8mm, while last 20 days is down to daily 2.5mm. The market can't absorb the number of shares SFRX is issuing. 

I think they will keep everything quiet because an announcement that there isn't any treasure found will derail the claim by KK his stock is like buying a lottery ticket.  So by delaying the bad news keeps the false hope going. If KK can't sell the thousands of dollars in shares each week to keep the doors open the company learns what the phrase "a going concern " means that they put one their financials each Q. 

Whoops there it goes. A million share buy drops the price 7%. 

I love it when $41 of shares raises the stock 7%

A company has already paid a deposit of $140,000 several years ago to conduct scanning using the SeaSearcher.  It is still an undelivered service and listed in their liabilities. It would prove a lot to follow through on their years old contract.  I believe that since it's still on their books they can't perform the scanning with the SeaSearcher. 

He says he attended Utah State. Last 9 years as a RA Residential Assistant according to his LinkedIn page attached. My son is finishing up his doctorate in Archaeology there. I'll have him check it out. 

My son is attending Utah State working on his Doctorate in Archeology/Ecology.  I'll have him check out Andrew.  

If they have a 50 mile searcher, why did they need to spend $48,000 on the side scanner.

The GalleonFinder? Is that what they call their SSS-600K side scan sonar they leased/purchased a year ago May? The SSS-600K side scan sonar does a good job by itself. Doesn’t need any R&D $$.

Just a question, if the SeaSearcher works, why are they spending $11,100 avg a week on R&D the first 6 months of this year?

If the SeaSearcher works, Why don’t they fulfill their contract for scanning services to a third party explorer that the have been paid $140,000 deposit?

For those who don’t read the 10-Q:

During 2021 the Company entered into an agreement to provide scanning services using its SeaSearcher technology to a corporation involved in searching for historic shipwreck material. Under the terms of the agreement the Company received an upfront payment of $140,000 which has been included in the accompanying unaudited condensed consolidated balance sheets at June 30, 2024 and December 31, 2023 as deferred revenue as the services have not yet been provided.

Worse case? I think most likely. Years and years of practice.

If the SeaSearcher works, why don’t they fulfill the contract with deposit they made several years ago for the SeaSearcher services? There has been no proof the SeaSearcher works.

“That's a big when and if, not looking like there is any treasure at Juno right now.”

But looking brighter for much more excuses!

Tha first sentence of your post was true. It was the rest that was crazy funny. Thanks. Keep it up.

Your post “Absolutely SFRX will climb higher this year...

Juno beach is a admiralty permit that allows Seafarer to keep 100 percent of what it finds.

Amazing and rare…..”

Is the most hilarious sarcastic satire I’ve read in a long time keep up the brilliant work.

“So if a company has a net loss for a year, does that mean the CEO should not be compensated in any way? “…….
How about a CEO has a net loss for EVERY year. Just getting others to pay for his hobby. And Hey, maybe getting them to give him a million or so just because he works so hard on his hobby. Pretty good gig.

With only nominal income over all these years at SFRX instead of a for profit company it looks like and meets the definition of a hobby. So KK has an expensive hobby the he has found a way for others to pay for. I’d say that’s rather brilliant.

“On a brighter note, I do believe the tech works”

I’m not so sure the tech works. Several years ago SFRX took a deposit of $140,000 to scan another company’s site. That deposit is till on their books as not being performed. I would think if the tech worked they would follow through on their contract to scan. And even look for more business. But nothing nada zilch. Tech doesn’t work!!

“5 years in development and it can’t deal with light currents that obviously don't even effect a diver?”

KK says nothing but just made $1,000 today. Good for him.

“ something just doesn't seem right here.”

If SFRX has good news great for everyone.

If no news or suppress bad news, KK keeps his exorbitant salary.

If bad news every one looses.

Expect no news.

I suspect that we will hear more rehashing of the old excuses. But KK made $1,000 today.

The longer this drags on the longer KK keeps his $1,000 a day 24/7 pay check. If the SeaSearcher worked don’t you think KK would follow through on the $150,000 contract to survey for the company that gave the $150,000 deposit years ago? Keep praying for the hot air balloon rides. The only way shareholders have a chance to profit.

“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.