Seafarer Exploration Corp (SFRX)

[hedge_fun]

Lots of shares? How? They’re aren’t......

very many EE shares available.

The float is only about 3MM. SFRX has issued on average the last 4 years nearly that many on a daily basis, including Saturday’s, Sunday’s, and Holiday’s.

When you sit on the bid you’re wanting someone to sell.

It’s not like it was when SFRX was in the trips when Torres came aboard and (ahem) ALL shareholders loaded the boat (wink wink) in the trips and are ALL now in the green. There were BILLIONS of SFRX shares in the float in late 2018, and even more now.

Someone here posted recently they had 75MM SFRX shares. BW doesn’t even have that many OS. EE has 55MM OS.

But yes, mischaracterizations. Going private doesn’t mean you’re going under, unless your primary business is printing shares.

Good luck to SFRX and it’s partner as the 23rd year of exploration commences at Melbourne, though others explored it in decades prior. Getting the permits renewed next year should be routine, right? After all, the relationship with the FBAR is on of mutual respect, isn’t it?