Replies to post #47224 on Seafarer Exploration Corp (SFRX)

[Anvil]

I believe Mary also said in the depo that she reviews bank statements to ensure adequate funding for the exploration to be permitted. That may not bode well for SFRX, unless they have some private placement folks lined up ready to fund a few hundred thousand for area 1.

Which BTW seems to be a different area 1 than the other company has. A bit confusing in the depo, but nonetheless, another 3 square miles.

[hedge_fun]

Those applications were submitted in May 2014, along.....

with the one for Area 2, which was approved. The applications for 1 and 3 were tabled as Mary said. The Juno application is also tabled. That isn't the same as "pending." Pending means the clock is ticking. By statute the FBAR has 90 days to inform the applicant of their intent.

What Mary is saying is......Kyle we won't consider another application until you get compliant with your current permit. That means the clock isn't ticking yet. Juno isn't pending, it's tabled. When they get their Admirabilty Claim from the Feds, then the FBAR will consider the Juno application.

As far as any reports go I have posted what's in the file. SFRX can inform shareholders with what's not in the file or anyone can't make a request under the Sunshine laws as the FBAR attorney explained.