Replies to post #59631 on Seafarer Exploration Corp (SFRX)

[Raider21]

Quote: Using adjectives like clown degrade the discussion
___________________________________________

You're right and for that I apologize. Nevertheless one does not have to look too deeply to see and make logical comparisons of this company (and its consultants) to those well established in the ocean sciences, and see SFRX is playing in the amateur league. Paid promo's with unsubstantiated claims are not impressive or convincing. Fact is, this is a zero performance company in the treasure hunting industry with very little creditability, particularly when its CEO makes (another paid promo?) the public statement of 'we're on the wreck" and in three plus years can't even substantiate this with any solid evidence. Its the old bottom line of put-up or shut up so its hard to put any confidence into anything this company says on the merit of their performance.

[hedge_fun]

Mr. Beavers plainly noted that the current technology was stale.

And who is The Beaver?

The person who said the "whole industry" was using 1970's technology.'

The was about as dishonest a statement as one could make.

Sub bottom profiling has improved for quite some time. Hundreds of buried shipwrecks have been found with this technology.

The fact that these CLOWNS are finally getting around to even discussing it's use shows what rank amateurs they are.

Report after report to the Bureau has comments about poor visibility.

You know what the solution has been the whole time?

You guessed it, sub bottom profiling. You could have seen objects even if they weren't buried. But in many paid promos Kyle has discussed the wreck being buried.

If that offends, tough.

Now, we've been told Tinkerbell 2.0 works.

Put up or shut up.

Or maybe Tinkerbell 2.0 is (ahem) stale. Or just pure BS.

I'll go with the latter based on comments by The Beaver.

[hedge_fun]

Should know something definitive by Christmas........

regarding the Concepcion, don’t ya think?

Tinkerbell 2.0 is said to be actively searching the site.

Can’t be too much longer, right?

[hedge_fun]

AS raised today to 6,900,000,000 per the Q......

On November 14 the Board of Directors voted to increase the authorized shares of the Corporation from 4,900,000,000 common shares to 6,900,000,000 common shares.

During the nine month period ended September 30, 2019, the Company issued or is to issue the following shares of common stock:

642,029,999 restricted shares for total proceeds of $1,210,940. Average of .001886

130,370,616 fully vested and non-forfeitable restricted shares for services provided by consultants, contractors, advisory members, board members, and other service providers. The Company determined the fair value of the shares issued using the stock price on date of issuance. Compensation expense is recognized as the services are provided to the Company. For the three and nine month periods ended September 30, 2019, we incurred $59,325 and $477,068 (avg of .003659) of compensation expense for stock issued for services and have prepaid expenses of $59,249 at September 30, 2019 for stock issued prior to services being performed.

4,000,000 restricted shares issued as charitable contributions to three separate charities.

Subsequent to September 30, 2019 the Company issued or has agreed to issue shares of its common stock as follows

(iii)34,000,000 shares of common stock with a value at $200,600 on the date of the agreement for the purchase of a vessel and trailer.

Interesting read. The burn rate is really something. 943,888,433 shares issued already in 2019. They've lost over $1.6MM for nine months.

Revenues (service income) $9100 for the quarter and $12600 for nine moths ending 9/30.

I wonder if they get a divvy from P&S this quarter.

This is interesting...

The Company has a pending motion for sanctions related to the Defendant’s filing of the motion for summary judgment which has not been set for hearing. The Company will be attempting to set such matter for trial during 2018.