Seafarer Exploration Corp (SFRX)

[hedge_fun]

The company just reported a week ago. They stated……

the following, among other things.

While non-ferrous targets have been identified by the SeaSearcher, none of these targets have been exhumed yet. There is also a strong possibility that there are no artifacts of significant value located at the Juno Beach shipwreck site.

See page 8 here: https://www.sec.gov/ix?doc=/Archives/edgar/data/1106213/000119983524000134/sfrx-10k.htm

Then they put out a PR about the renewed Melbourne permits. Several shareholders have said the company told them there was no treasure at these sites and it was further out at sea. That project is now 25 years old and nothing significant has been found, unless you are there for the artifacts that the state wants left in-situ.

Two updates in two days last week.

Perhaps shareholders should prefer NO MORE UPDATES if that’s the best they have.

Is that why the share price dropped over 50%?