Seafarer Exploration Corp (SFRX): Taking the loan also shows confidence in...

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Seafarer Exploration Corp (SFRX)

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EmpressWanderer93

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EmpressWanderer93

Re: northofadollar post# 72673

Friday, 02/16/2024 1:55:39 PM

Friday, February 16, 2024 1:55:39 PM

Taking the loan also shows confidence in SFRX position. They wanted debt instead of issuing more shares to cover operating expenses. Which would continue to dilute everyone shares including there own. (Although the board issued themselves 7mil shares each the day the permit was announced)

Does anyone know who loaned them the 1 million?

I did some math and from what I can find, it looks like there daily burn rate is between 5-6k daily. Hefty

In the short term, I agree that silence will be taken negative amount the investors. So hopefully there is a press release shortly keeping everyone engaged.

I'm still bullish.

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Recent SFRX News

Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/13/2024 08:40:25 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 10:22:49 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 10:21:40 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 10:20:19 PM
Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/17/2024 10:18:44 PM
Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 07:28:19 PM
Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 08:54:51 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 09:27:11 PM
Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2023 06:43:48 PM
Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 08/04/2023 08:34:31 PM

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