Seafarer Exploration Corp (SFRX)

[hedge_fun]

As mentioned, large amount of ballast……

can equal a relatively light cargo. Add to that, the big ole ballast pile doesn’t bode well for the “alleged” $15B valuation, which MFT emphatically denied.

There have been no meaningful valuables found, no silver bars, just a few coins.

The wreck was excavated down to and under the hull (see pictures posted) by multiple salvors prior, and more experienced teams who concluded its lack of value and left after 1 or 2 seasons.

Then, SFRX arrives, and instead of saying Gary Randolph (MFT) placed a value in the billion$, they say they can’t determine a value without knowing the origins of the wreck.

But now that SFRX has a super duper treasure detector, I’m sure critics will soon be eating crow.

GL