I'm ready for Seafarer to announce treasure found with the SeaSearcher. This is one of the only things that will really start a long climb upward for the stock price of SFRX.
The other thing being an announcement of a significant contract for gov't work, blockchain or otherwise. I think that would help a great deal but I don't feel that's why the larger shareholders have invested. I think the Covid situation threw the whole blockchain project direction for a loop. Still very active, just delayed by Covid as are many industries worldwide.
It appears the price will continue to slowly drift downward until one of these announcements is released as evidenced over the last few months.
But the PR that says they have found treasure and it was found with the SeaSearcher is the PR that will launch a long upward climb for the stock price.
Rather than wildly speculating in an effort to damage the company with bogus uninformed exaggerations and statements, I have actually asked a few pertinent questions.
I can agree with TigerDave who physically went on location and met with the scientists of Wild Manta and officers of Seafarer. When you see for yourself what is happening it gives you a much better understanding of what is happening with the company.
Contrary to the opinion of the uninformed, the SeaSearcher is continuing to be a successful endeavor. But this is an original creation, essentially a prototype, there has been a bit of trial and error included in the process of getting it to its final goal.
For instance, at one point, due to a very small amount of water exposure, a circuit board had to be replaced. It was replaced with a better one. But the better one performed slightly different than the first one so it then required more adjustments to compensate for the new circuit board. Once replaced and adjusted, that problem will no longer be an issue. Don't quote me on that scenario but it gives you an idea of the type of issues that may or have occurred. An issue like this is minor but still takes time to discover, fix, adjust and work around the weather to go out and verify again. But it's minor, not a major setback. I'd compare it to a flat tire on a car. You fix it and move on, you don't trash the car on the side of the road and give up.
The question, of course, is, Does the SeaSearcher work as reported? The company has reported that it does and first-hand in-person shareholders who have done DD say everything looks very good and they have no doubt about it's abilities. Again, large shareholders also do their own DD and investigate personally the abilities of the SeaSearcher. They are holding and buying more. Family members continue to hold and buy more.
So it appears we are down to them scanning with the SeaSearcher any day now based on information from the company. They could have scanned already for all we know.
That's what I see happening in the market. Low volume as the price drifts downward. Low volume because a lot of large shareholders are holding on to their shares in anticipation of something significant happening soon.
So, yes, I'm ready for the price to move back up but only for the right reasons – treasure, treasure found by the SeaSearcher.
