Seafarer Exploration Corp (SFRX)

[capted]

10 Q, interesting reading.
http://www.sec.gov/Archives/edgar/data/1106213/000119983515000391/seafarer_10q-16529.htm

I was not aware that SFRX only had $7125 in the bank on June 30. 2015.

I really want SFRX to succeed. The 10Q sounds scary, when the company keeps saying that there is no money and they might go out of business.

I don't want to see that happen. I think there is treasure on site #3.

Kyle if the company is so cash strapped. Why are you paying someone $36,000 a year to do backround checks? ( Waste of Money ). Why are you paying rent for a divers house and paying $28,000 a year to house them? ( waste of money)
SFRX has a Big salvage boat. I would be extremely surprised if there were not enough bunks on the salvage boat to accommodate all the the diving crew. If money is tight and it is according to the 10Q. Why isn't someone in charge cutting costs and saving money? It isn't that hard.

Kyle, lay off all everyone in the company over the Winter. Keep the office going and save a ton of money.

According to the 10Q almost everyone I read about except for the divers are relatives of the CEO. Nothing wrong with that, except that I think someone with experience needs to be in charge.