Seafarer Exploration Corp (SFRX)

[hedge_fun]

It was suggested here by several that.......

they wouldn't be waiting on the Juno permit if they hadn't already found treasure. That logic I actually agreed with.

Then they got the permit and dove over 70 times in Q1 2024, and a few more times in Q2 2024 per the latest report the Corp sent me under a FOIA request. Yet, they didn't find treasure.

What the Freak? They just waited for a permit?

Recently they increased the AS from 9.9B to 17B.

Does that increase in the AS suggest they've found treasure, or does it suggest they haven't and don't expect to, so they need more shares to fund these failed projects for quite some time?

Further, does issuing .002 shares to fund these ongoing failed projects suggest treasure is nigh?

BTW, the one silver coin was found in 2023 at Juno. It might be worth $50, maybe $100. They supposedly found 5 or 6 highly degraded silver coins at Juno back around 2011. Apparently they weren't worth showing to the public.

#tonnage