Replies to post #44680 on Seafarer Exploration Corp (SFRX)

[hedge_fun]

Only $7125 with a known average burn rate of.....

$100K a month, give or take a few thousand. Rumor has it $100K is an outdated number and not even in the same zip code. Whatever that means. Not sure where UPDATED numbers would come from.

SFRX lives convertible debt note to convertible debt note. Kyle isn't going to listen to you. Nor is he interested in growing the company.

SFRX is a front for the family owned and family run loan shark business. It's all right there in the filings.

One simply has to.....follow the trail.

And if you're looking for good stewardship from management, do a Google search on the lawsuits against them. They obviously have problems paying their bills. Most companies do background checks in the arena of finances. Kyle couldn't be a janitor in many companies.

[Raider21]

Perhaps the previously stated RUMORS regarding the divers (including Ace) not being paid up to date (at the time) might not be far off the mark???