Seafarer Exploration Corp (SFRX)

[narnia1000]

The 2 year wait may be the best part.


SFRX has an accumulated deficit of over $7 million already.

Complete hemorrhaging of any, and all cash generated by issuing more shares, as there is zero revenue to offset their large, but necessary operating expenses.

Almost 1 billion shares in the float already, which will be easily surpassed when the next number is authorized to keep SFRX afloat (pun intended).

Could be considered typical for a developmental stage company, except it is strictly a treasure-hunting business, so cash burn will always be at a very high rate until anything can be found that can be monetized. A measure of luck is also part of the equation in any treasure hunt. Maybe they could start a charter boat business on the side, since they go out, and back each day. lol

Does KK have any sons that can take over the business if the years continue to pass? A ready-made business that will support a family, that others actually pay for, would be a fine legacy to be handed down.

Can all turn 180 degrees with treasure (that can be monetized).

Here's to hope. Always the main ingredient in the pinks, right?

SFRX