Seafarer Exploration Corp (SFRX)

[floridatreasurecapt]

IMO, the Juno Beach permit is in jeopardy not only from a B.A.R. stand point, but the Admiralty Claim holder is contending now that SFRX has not performed as agreed on. The Permit is being held up for a myriad of different reasons, all of which SFRX had control over to begin with and failed on later.

IMO, SFRX is spending investor money right and left for lawyers fending off lawsuits which SFRX could have settled years ago. But, they insist on fighting rather than resolving anything.

BTW, any merger with another entity, under the laws of this State, makes the new merging entities possibly just as responsible for SFRX's previous actions. Meaning, the new companies when the mergers are solidified, will open themselves up possibly to all the litigation that is current or contemplated.