Seafarer Exploration Corp (SFRX)

[hedge_fun]

I don’t know what grand scheme you’re referencing……

but spending $7K a day (including weekends and holidays) for 2 years in the same small area that already has been explored for 2 decades prior and coming up empty is a huge red flag.

By contrast, Blue Water followed the trial and surveyed a new 10 sq mile area in a few days using so-called outdated equipment and located the stern section at a cost of less than 90% of SFRX’s entire operating costs for 2021.

The suggestion a new tech needs to be developed to ensure success is an admission the crew, BOD, and AB is in way over their heads.

There are several wrecks I know of with known cargos that have budgets of less than $2.5MM, but that’s what SFRX is losing annually of late searching unknown wrecks (debris)…. ie unknown cargos.

My hats off to Kyle for being able to raise funds to continue this grand scheme, whatever it is.