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Agreed, that's always been the case. First week of June.
Not that it matters, as the market will decide, but here's my guesses:
Tech doesn't work = $0.0001 or, you know, 0
Tech works but no treasure at Juno = $.05-$.10
Tech works, treasure recovered but small = $0.25
Tech works, lots of treasure = $$$$$$$$$
Raider, you are the one Bear on this board that at least tries to make valid points. And I really do appreciate the weather reports, although I can see the light chop on the Intercoastal out my back window.
Have they started recovering yet? No, they haven't. My guess is that starts in a matter of weeks.
All will be clear soon (by that my guess is first week of June), whether we have a $0.0001 stock or a $0.25 stock, but it's one of the two.
Never seen the bid/ask spread at .002 before. Very strange.
His name is Max, he's German.
My guess is someone set a big stop loss, the MMs saw it and drove it down to take it out, then it came back.
Agreed, this happens with all stocks all the time.
From the IRS:
"The rate is 15 percent on capital gains, if income is $47,026 to $518,900. Above that income level the rate climbs to 20 percent."
I see you are aiming above that $518k limit - I like it.
Gonna be honest. would be very tempted to cash out if it meant I could bank my mortgage payment every month for the rest of my life. I've been mortgage free for 5 years, it changes your life.
Have a goal, when it gets there, sell and never look back. Only drives you nuts if you do look back and see what might have been.
I'm saying this as a guy who thinks if the tech works the floor on this thing is $0.50.
And remember taxes. No one ever remembers taxes. 15% long term, like additional salary on short term.
I know a bunch of you guys a while back were talking about getting together with your new Lambos once this took off. I thought it was cute.
I have a question. What color are you guys getting? I don't want to copy you.
Yesterday was the day
If you don't know where anything is under the sea floor, you need a very powerful dredge, akin to a machete.
If you knew exactly what you were looking for and how deep it was under the sea floor, you would need to get close and then have a tool that will make sure you don't change the location of the find, akin to a scalpel.
I think this tool, used in conjunction with normal salvage equipment, fits their tech very well.
If the SeaSearcher doesn't work, I agree with Raider, this thing is useless. Makes you wonder why they built it then.........
Thanks for the honest answer. I'll double up with that, in that if they don't find significant treasure at Juno I am out and will never be back.
I've never been a 100% guy, but I'm a 80% guy, and it's WAY under priced from there.
For those of you asking about a series of things that would need to happen, which includes hiring a security team, SFRX has already hired a security team. I met the head of it. Just an introduction, he seems young to me but I didn't get his CV or anything.
So that part is a done deal.
Are you guys still talking to Hedge? He's the guy in 1905 screaming about how buggy whips and whale oil are the future. Put him on ignore. He literally has never considered the the software is self learning. He put a video up from years ago, like tech hasn't progressed since then. He thinks the best way to search for treasure is to hope a diver chases a lobster into a hole and pulls out silver coins (Fisher). Ignore him.
He's 900% wrong (so far in my book) and will be 10x wrong moving forward. Total loser.
He's an admitted day trader for crying out loud, who missed out on a stock that is up over 400% in six months, who would waste their time with that?
Plus, anyone he disagrees with he calls a liar (sorry, he says "I'm not sure if that's true"). Why argue with a pig, you just get muddy with him?
Either way, the stock is either worth $0.50+ (if the tech works) or 0 (it doesn't). Some of us are willing to wait and see, Mr. Whale Oil has already made up his mind. Some of us can do math an figure the chance it works is better than 4%, more like 70%. He will cost you money by listening to him. Why wouldn't you block someone who would cost you money?
I've had him (sorry to assume your gender) blocked for a month, best thing i ever did. Join me.
I would expect the next PR to involve a media company deal. So until that gets signed, I wouldn't expect one.
Not sure if me asking my friend to issue a PR on a company he runs would be the best use of his time. I know if someone did that to me I'd think a lot less of them.
Press Releases are for major events, and if there aren't any yet, no PR.
“You have someone here who says he sees…… “
Amazing! Tell us more please …. Oh, wait, you can’t, but you can make it up.
“Kyle a couple of times a month in Melbourne. I have no idea if that is true or not. “
I have him blocked, but nice to know he calls me a liar with no idea who I am.
No wonder he is so respected here.
Yes, you could say that. I don't think things are going to go as fast as a lot of people on here do, because so much is dependent on weather and the recovery tech hasn't changed that much, but I'm in it for the long haul, or until it makes me enough to retire.
I've been to SFRX's Christmas Party, and they offered to have me get certified and go on a dive with them. I didn't do it, but they offered. I met the entire team, they seem genuine and motivated, as far as I can tell.
I know Kyle personally. I live in Melbourne and see him a couple of times a month.
He wasn't asking for funds, he was promoting the stock.
Kyle did a Angel Investor PR meeting in North Carolina a couple weeks ago. It was the day we did 11M shares in 30 minutes in the middle of the day.
The hole in question is a hole they had to punch through the Teredo Crust.
Like these guys had to:
https://www.thelastwreck.com/salvage-history
My favorite line in the article is:
"They used an airlift and over a period of weeks, dug many trenches 5-7 feet deep until they finally ran into the wreck. With its Teredo crust being the tell-tale identifying signature......."
Fascinating read, I suggest all longs take the time. The amount of work they had to do to try to figure out what was below that pesky Teredo Crust is crazy. It's almost as though it would be tons easier, and a game changer, if you could somehow look through the crust and find what you are looking for before you poke through that stuff.
"That's your attempt to deflect from the fact that in nearly 5 years of claiming a tech works, they have yet to provide any proof.....ie no treasure. "
So your argument, when given a chance to clarify, is that they should have used a technology intended to find treasure buried in the sand to already produce that treasure, without digging?
Interesting. I'll have to think on that for a while and try to figure out what you expect them to have done to "prove" the tech.
You know, without digging.
I think I'm actually done chatting with you. You aren't worth the time to be honest. I'll go back to lurking and, you know, making money om investments.
Cute, but that's not what he said. He said mid 1500's, and cited someone from the State of Florida who said 1554.
I also won't hold my breath waiting for you to answer what chance you think they find something big. 1%, 2%?
You said they didn't want the permit because then they would have to produce or be shown as frauds. You said there were serious doubts about them as an on-going concern. You said they never found even trinkets, much less tonnage.
You say a lot of stuff. None of it seems to be true.
Serious question though. Do you really hang out here all day bad mouthing them because you think you are protecting someone from making what you think is a bad decision, or is there another reason? I'm serious, I want to know.
"They claim they have a super-duper software program that is a game changer, but we've heard it works since July 2019. Still no treasure. "
So your argument is that they should have started digging and pulled up the treasure before they had the permit that allows them to dig.
You are right, you are no expert.
"A 1554 date has been put on the wreck. "
WOW! I had no idea they were that specific! I knew they gave a date range based off of what they found and the mint marks on the coin, but they know the specific year?
Link please.
This from the guy that posted warnings out of their 10Q about the ability to continue operations should certain things happen.
Which Google has in theirs as well. Which, you know, every company basically has.
It's boilerplate CYA SEC Filing language, but you post it, knowing what it is but trying to scare people who don't.
But you are right, I did make an assumption, which is based on the ships that are known to have sunk in that area with treasure minted that matches the markings on the coins that were recovered by the technology that they have.
SFRX doesn't have enough information to definitively identify the ship from the 16th century that carried treasure that they know the location of and have tech that can locate any treasure it may have carried.
At least not enough to put it in a SEC filing, where if they get it wrong they get sued.
A question for you, as the widely recognized industry expert on the board here. What chance would you give of SFRX being right? And what percentage of a 16th century wreck do you think, if they are right, do you think they would be able to recover?
Not what can go in an SEC filing, your best guess.
TIA
If the tech works, whether they find treasure or not, IMHO the stock should be at $.15 - $.25.
My point is that since they worked so long and hard for the permit, my guess is that the tech works, they know where to dig, and they can go do that now whenever they want.
That to me is a story that makes sense more than 1% of the time.
Even at 50% chance to find 5% of the known manifest, it's WAY undervalued.
Is it a lottery ticket? Sure, it either hits or it doesn't. But at this price I'd play this lottery all day.
Some on this board have made fun of the Legacy Investment guys. By my calculations, those guys are up about 225% on their investment.
And none of them are selling.
The way you make money in the market is by finding market inefficiencies.
Like when a company that might be ready to go grab $2 a share in gold and silver is selling for under a penny.
Is there a chance it's all smoke and mirrors? They just decided to go get a permit so they could search aimlessly in the ocean? I guess it's possible, seems unlikely.
More than a 1% chance? Extremely unlikely.
I know math is hard, that's why I'm here to help.