Replies to post #68083 on Seafarer Exploration Corp (SFRX)

[hedge_fun]

SFRX is insolvent. The accumulated deficit is $23,295,635...........

They can’t pay their bills and you have folks suggesting that is a good thing because they can just more shares.

I know of several deep water projects with budgets of $1.5-2.5MM. With $23MM you could fully fund a dozen projects
or more.

All they seem to know how to do is sell discounted shares of an insolvent company. They certainly can’t obtain financing that is beneficial to shareholders.

The reality is it’s extremely hard to obtain funding for these type projects, hence the discounts and paid promos with ridiculous claims.

And after years at Melbourne their conclusion is.......FLOATSOM. Is anyone surprised?

#raiderwasright
#eatingcrow
#handfanning