Replies to post #67286 on Seafarer Exploration Corp (SFRX)

[hedge_fun]

No need to ask Kyle, the filings speak……..

volumes. They’re addicted to dilution and without it they couldn’t even (ahem) operate.

The Company’s net loss for the years ended December 31, 2020 and 2019 was $2,660,813, and $2,309,165, respectfully, a year-over-year increase of approximately 15%.

The good news is the losses slowed some in 2021.

The Company’s net loss for the nine months ended September 30, 2021 and 2020 was $1,828,448, and $2,047,530, respectively, a year-over-year decrease of approximately 10.7%.

But don’t forget this.

As of September 30, 2021 there were approximately 655,700,312 shares of common stock underlying our outstanding convertible notes payable and warrants, respectively.

Losses of $2MM a year require over 650MM shares to be issued at .003.

They’re following the typical OTC model. One would think with “alleged” game changing technology they wouldn’t have to.