Seafarer Exploration Corp (SFRX)

[buccaneer1961]

this is what we have...and done have and why the rest of the investment world never responded with good pps...
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We got a dig and identify permit". That is great news, and if told truthfully it would have probably managed a small gain on the PPS. BUT - it had to be shrouded in mysterious wording with claims that led us to believe it was a Salvage Agreement. I got excited, but I called the state to ask...and was told nope, just a 1a-31 exploration permit that did not grant or guarantee SFRX artifact ownership, division of treasure or 80-20 splits.

1) Site 3 is a KNOWN TREASURE SITE - Problem, no treasure has ever been pulled from it, a pistol, a cannon, a platter...great but a treasure wreck has stacks of bars and chests full of silver and gold, not a platter. The platter, while very nice, could have been traveling on any ship. Almost every ship afloat had nice dining wares in the captains quarters, a single silver platter does not make a treasure galleon.

2) SFRX acquires a 2nd boat and crew - truth, boat has been owned by SFRX for several years, crew is great but again, why spin(the pr) it in a misleading manner? Most people thought hey, we bought a nice new boat. After a minutes worth of DD they found that the boat is an old worn out treasure boat already owned by SFRX for several years. (Not trying to discount the Virgilona, it was very famous and wildly successful in its day.) investors said "YAY, Two boats must mean we are on the treasure, PR imminent, treasure on deck any day". Lest ye forget, they had two boats working on Juno too, where did that get investors??

3) Day 1 of diving we find a cannon!!!! YAY, did you ever wonder why there are no pics of this cannon? Maybe because it is the same cannon HTQ found 15 years ago??? Again, misleading press. Why not just SAY, we relocated the HTQ site, and even re-found the cannon. Why spin it as if it is some new discovery? Rediscovering HTQ's old site is a huge thing in itself, and would have moved the PPS in my opinion had it just been told the way it happened. Spin is great and can be a useful tool, but overuse leads to mistrust, and that is what the market has for SFRX right now.

The problem with the PPS isnt site 3 or the crew, the problem is management releasing misleading press. the investment world (and many others) can see right through it. At this point a diver could find a couple of 1950's dimes on the beach and SFRX could release "Silver Coins Found at Site 3". (just an example, and my opinion of course).

now combine that with whats posted below and an erie story possibly begins to take shape...could it be true?? why the need to pump stories via pr to let the rumors grow? why not the straight facts right away,like when that rusty bucket of bolts were found...and the company put it on their website,not disclosing what it was til stories of possible treasure were going crazy?? then admitted that they really were??
now read below with all the links...are we had??



disclaimer...all info is public info and can be researched and anybodys opinion/thoughts/conclusions can be arrived at




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look at possible reasons...as the shady things done by the company the ceo started... also..the transfer agent,and its also a relative that works for the t.a....
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105391029


here is the ceo...no wonder he knows how to move stock...he knows the game!i wonder if theres any complaints against any of those companies? interesting how theres not really a background in treasure hunting compared to this! Spartan group holdings inc is his company he founded...interesting reading use your own judgement...
http://investing.businessweek.com/research/stocks/people/person.asp?personId=59056033&ticker=SFRX

oh what do we have here???
http://www.sec.gov/litigation/admin/34-47403.htm

and Spartan group listed in this sec complaint?
http://www.sec.gov/litigation/litreleases/2012/lr22579.htm

http://www.sec.gov/litigation/complaints/2012/comp-pr2012-278.pdf


this was 2008 its said he dosent take a salary,how do we know? this is old dated 2008 and he got money how much now? nobody does anything for free
http://www.forbes.com/profile/kyle-kennedy/

of course he is innocent...