Seafarer Exploration Corp (SFRX)

[hedge_fun]

Dilution being necessary is a myth. There are......

alternative ways of funding operations if you have something of value to offer.

Biotechs sell IP all the time, that’s just one example.

SFRX says they have 1500 future wreck sites and they claim 2 current sites could be worth $19B.

I call bullshit.

If they had good research and a clear path to legal title they could look at alternative funding had they not said something as stupid as......we won’t sell treasure.

That leaves them with death spiral funding while their affiliates who get those discounted shares and dump them amusingly call others a scam that don’t dilute ownership in the company.

Scams don’t turn off the share printing press.

Saying dilution is necessary means the only thing of real value is discounted shares. It excuses bad stewardship.

I’m glad EXPL has files on over 1400 wrecks and they’ve proven their business model works.

Looking forward to the season, as well as discussing the “current boat situation” and blowers.