Seafarer Exploration Corp (SFRX)

[jrf30]

Gee, you'll commit a whole $500 to buying? Nice to hear.

You'll never see .0005, IMHO. Here's why.

If it hit .001, that would mean the market cap would have dropped down to about 1.2 million for the whole company. ANd a lot of the company is tied up with Kyle's family, with Kyle, and with other restricted shares. it means the entire float could be purchased for about $500,000. If it got that low, I would imagine a group of people, including some on this board, would buy shares and the company entirely. Just BUY IT OUT. Heck, for $500,000, I think the contracts and contacts they have are WELL worth it. really.

So I see no way for it to get into those trips that keep getting mentioned as "Inevitable". And definitely not .0005. The entire float could be bought for $250K or so at .0005. Too much buying, and that makes it go back up again. Plus too much potential for anyone to sell their shares that low, and too many people who would look at this as an arbitrage play at those levels.

I'm not happy where the price is, but I don't see it going to .0005. Just no sellers and too many buyers if it dipped that low. Shoot, it could be bought and then go PRIVATE for that low of a price. Just talking logistics of investing and market caps, and that is too low for what we have.