The Company is also actively researching, exploring and testing new technology to help more accurately understand current and future wreck sites in an unobtrusive manner. Up to the date of this filing, all tests of new and unproven technology and methods have failed. Additional scientists have been hired as consultants to assist in these endeavors.
Additionally, the Company is reviewing a few business opportunities that may allow it to eventually generate revenue streams to support the operational expenses of Seafarer.
Based on our historical rate of expenditures, the Company expects to expend its available cash in less than one month from April 15, 2019.
This one has to be my favorite.
The Company in the past has constantly investigated various technologies and non-scientific equipment to help better explore or document our sites. To present date, nothing has been proven to work.
Page 8 The Company believes that it will continue to generate losses from its operations for the foreseeable future and the Company may not be able to generate a profit in the long-term, or ever.
The Q is due in less than a month. Be interesting to see what those contracts are worth.....finally.
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