Replies to post #69015 on Seafarer Exploration Corp (SFRX)

[hedge_fun]

I realize affiliates like to dumb down discussions,…….

mainly because of the amateurish and idiotic (not feasible) nature of the company’s business model, but so be it.

The Melbourne project started in 2000, and yes you have to count the first year. The project was basically handed off to Seafarer’s Quest via the partnership. The project is in its 23rd year.

This is basic info any SFRX shareholder should know, but I find few if any ever do actual DD.

As far as wrecks of Sovereign nations being in shallow water, that’s information that would raise the eyebrows of any serious salvor because of not only additional legal issues (state waters), but also US policy and laws. I get the company and its affiliates think they’re somehow exempt, but they’ve never received any exemption regarding Melbourne. They just huff and puff and piss and moan about the FBAR.

If SFRX is going to get that $60B market cap that Kyle talked about, they’ll need to consider the average ocean depth is nearly 3700 meters.

A good question for the company would be, what does their research show? They claim 1500 future wrecks, though they’ve never positively ID one.

What’s the average depth of those wrecks……and the wrecks all these salvors have they will want Timmy scan services in the near future?

The current Toy seems a bit fragile, along with the 2 research vessels.

If it’s not too much trouble, could affiliates elevate the conversation a little bit?

Thanks