The price has dropped for the rides. In…….
Q1 and Q2 the company sold unregistered shares for about 1/4 a cent. In Q3 it has dropped to less than .0018.
They are now leasing a side-scan sonar.
Bout time, but it seems to be a bit pricey for the equipment.
Who writes this crap?
In May of 2023, the Company entered into a rental and purchase agreement for sonar for use in the Company’s operations to scan, identify, and locate historic shipwreck sites. Under the terms of the agreement, the Company has the right to exclusive use of the sonar, a SSS-600K side scan sonar with total of 250 feet of cable, cable connector, laptop computer, software, GPS unit and hard carry case. The Company agreed to make a one time payment of 4,166,700 shares of its restricted common stock, with an agreed upon value of $83,334 for the purposes of the valuation of the sonar, and pay $422 per month for sixty two months. Once the Company has an amount totaling the payoff amount, $26,186, to the seller, the seller agreed to transfer title and ownership of the sonar to the Company.
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