Seafarer Exploration Corp (SFRX)

[hedge_fun]

The point of skeptics was never the dollar......

amount. It was absurd claims made to get to the dollar amount.

If true, which is definitely in doubt, it wasn't a valuation, it was an assumption. Neither the size of a nail or even the size of a ship determines the value of a cargo. What was put on the ship determines how a valuation is made.

This is what SFRX filed with the SEC before Kyle claimed under oath Gary Randolph had made a billion valuation on Juno.

Due to the fact that the Company does not currently have sufficient data to positively identify the potential Juno Beach shipwreck, or its country of origin, it is not possible to determine whether or not the ship was originally carrying cargo of any significant value.

Page 7 here: https://www.sec.gov/Archives/edgar/data/1106213/000119983511000264/seafarer_123110-10k.htm

Real salvors develop research files and look for specific wrecks.

By contrast, SFRX gains access or rights to previously explored sites, often sites explored for decades, and comes up with these bullshit number$ without knowing the origins of the debris they find.

The skeptics 100% agree with what SFRX filed with the SEC linked above. You can only determine the potential value based SOLEY on historical data....ie ID, manifest, and other records. With Spanish galleons, you can "assume" because of the tax laws contraband was on board, but you couldn't honestly make a valuation without documentation of such.


And I would add, simply knowing the country of origin is not enough. You need documentation.

Speaking of the tech, where's the data to support waiting for two years on the permit?

SFRX claims it works. How do they know?