Seafarer Exploration Corp (SFRX)

[hedge_fun]

A unknown wreck found in 1978 is attractive, but……

the 122MM shares issued the past 4 weeks has me a bit concerned, though I realize some find that even more attractive.

Who issues 4.375MM shares on average a day without conducting salvage operations?

In fairness, the average issuance is just under 3MM a day for 2023, but they’re on pace to issue over 1B this year.

And they’re not salvaging anything.

Outstanding Shares 7,754,509,444 07/21/2023

They might run out of NASDAQ shares.

Just sayin

FYI….a wreck with $15B in 75 feet of water was likely salvaged a year or two after it sunk.