Here is the memorandum to SFRX's CEO after July's Meeting in 2009. After this memo went out, it wasn't long after that I was put on medical leave of absense. I have not edited it, censored it or changed it in any way. Quite frankly, I should've posted this a long time ago.
Kyle,
After yesterday’s meeting with you and the others, I have great concern that we are potentially misleading the investors and the shareholders. I want no part of this. You cut me off on the phone on your way back to Tampa as if to prevent me getting into specifics that you don’t want the investors to know about. Plus, your threat about my employment to keep quiet on certain things was an insult. You, Chris and Pelle know better than to threaten me in any way and if Pelle keeps threatening and yelling at me, I’m going to punch his lights out. Keep him out of my way from now on, I mean it Kyle.
Everyone of us told you yesterday that this site is practically worthless and if nothing else, we cannot get to the mag hits that are charted. Plus, the only mag hit we ever reached was no more than a rust plume that was a left-over lobster trap. If we take into account Kevin’s testimony on this site, over 500 of the targets are these stupid traps from back in the early 80’s. I might also add like I said in the meeting, if the State finds out we’ve been working outside the permit area, we could lose our permit to work anywhere inside or outside this site from this point on.
After all I have sacrificed and done for this company, you made it clear today, that now, amongst everything else, you want me to “keep my mouth shut” when it comes to scientific details a part of the wreck site that could have an adverse effect on investor confidence. No way Kyle. Not today, not tomorrow, not in the future.
How can we, as a company, know that we cannot reach the mag hits, yet tell investors something entirely different and lead them on? Please, if I missing something here, tell me. I’m no stock wizard, but I know that if we don’t tell the truth and hide certain facts, we’re probably committing fraud and I will not be party to that in any way, shape or form. That Kyle, you are on your own about. Don’t drag me into it or expect me to participate in it. I’m not that way, and you and Chris damn well know it.
You do what you have to, but I’m telling you right now Kyle, if this continues, I will write a letter to the S.E.C. and make them aware of my concerns. And as of today, I will no longer sign anything that goes to the State of Florida, nor will I act in the capacity of Director of Operations. I will not go down with this ship.
I would expect Kyle, that we should talk about this and this time I will not be rushed off the phone with you.
Sean (Reef Dawg)
Captain/DOO
Cc: Pelle’, Kristen, Jim, Chris, Frank, Victor
AI
