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Replies to post #74166 on Seafarer Exploration Corp (SFRX)
hedge_fun
03/30/24 4:02 PM
#74173 RE: zooey #74166
Ahhh, another "industry" expert. I'm not sure how many times I've posted this but here goes again. Treasure--no treasure--is not this issue to making money. We make money on the permit. If you are in this at $.005 to .007 where it stands now you make money when the permit is issued. There's more money to be made as they begin operations and issue some PRs that generate hype. Isn't that a good thing??? I mean that's why I bought this...to make money! If you are a shareholder (and there are several industry guys here that are not) then you are simply looking for the stock price to rise to make money. Pretty simple. Now the treasure--no treasure debate is a valid one but that's for big profits or not and that's where actual shareholders decide to hang in there with all or a portion of their shares. This play is as basic as it gets for shareholders or potential shareholders.
Sky's the limit on the issuance of the permit and the hype surrounding the startup of operations on the wreck. IF they hit significant treasure your pockets become very deep very quickly if you own enough stock. Just my opinion.
There was no pump. Just a reaction to the PR today and since the PR was not substantive in nature it came back down. The next rounds of news we have will be of substance imo.