Seafarer Exploration Corp (PK) (SFRX) Quote

It is in the rear-view mirror. The......

ship came back to the dock.

When Mad Max and Matt did the promo tour with Kyle and Tim, 3 cents got smaller and smaller in the rear-view mirror.

Be nice when 3 cents is in the
Rear-View mirror

Good slap. Hopefully something is coming.

Can't imagine wanting a company to fail so bad I'd be willing to say something this ridiculous.

Looks photoshopped to my eye

Luckily, you're not alone. This isn't even the only stock I've seen someone claim photoshop on. You two make a great fit ;)

Who brought up a potential SpaceX JV?......

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175105123

Maybe NASA is involved too?

The pps has liftoff!

Looks photoshopped to my eye

No scuba tanks? blower?

Canaveral? Looking for rocket wreckage?

Appears like it wants to move back up .....
IMHO
Time will tell.

That is some impressive salvage equipment on........

board!

Is the film crew on another boat?

Nice pic! Thanks for posting. Jmo

Looks like some buying going on today. Boats going out and diving? Be nice to know.

That looks like a real high tech R/V………BTW

the most recent fins show they lease a boat and they own one, but it’s not very descriptive on what they own.

Commencing during the year ended December 31, 2023, the Company entered into the following leases:

Vehicle lease - monthly lease payments of $1,167 for 60 months amortized over 5 years at 12%
Vessel lease - monthly lease payments of $1,557 for 60 months amortized over 5 years at 12%
Sonar lease - monthly lease payments of $422 for 60 months amortized over 5 years at 12%

See page 14 here: https://www.sec.gov/Archives/edgar/data/1106213/000119983524000335/sfrx-10q.htm

There is more on page 21.

Vessel and Trailer Rental and Purchase Agreement

In January of 2023, the Company entered into a rental and purchase agreement for a vessel and trailer. Under the terms of the agreement, the Company has the right to exclusive use of the vessel, a thirty four foot King Cat manufactured by Baha Cruisers, and trailer to be able to haul the vessel. The Company agreed to make a one time payment of 15,000,000 shares of its restricted common stock, with an agreed upon value of $30,000 for the purposes of the valuation of the vessel and trailer, and pay $1,557 per month for sixty months. The Company and the owner of the vessel and trailer agreed that the price of the shares for the purposes of the share price calculation was $0.002. Once the Company has paid the amount totaling the agreed upon purchase price of $100,000, the owner of the vessel agreed to transfer the title and ownership of the vessel and trailer to the Company.

This is from the 10K.

Property, Plant and Equipment

Property, plant and equipment are recorded at historical cost. Depreciation is computed on the straight-line method over the estimated useful lives of the respective assets. During the year ended December 31, 2019, the Company purchased a vessel with an estimated useful life of ten years. During the year ended December 31, 2020 the Company purchased a vehicle with an estimated useful life of seven years. As of December 31, 2023, these are the only capital assets owned by the Company.

NOTE 6 – IMPAIRMENT OF ASSET

During the year ended December 31, 2022, the Company entered into an agreement with a corporation to lease a boat for use in its operations. Under the agreement the Company agreed to pay the owner of the boat $2,000 per month until a total of $85,000 was paid, at which point title of the boat would be transferred to the Company. The boat was damaged while in use and the Company has agreed to pay the boat’s owner the full value of the contractual agreement for the lease purchase of the boat. The Company has estimated a full loss on the boat during the year ended December 31, 2022 and wrote off the contractual value of the boat, $85,000, which is included in the consolidated statements of operations as a loss on disposal of asset. The amount due as of December 31, 2023 and 2022 was $47,000 and $85,000, respectively, and has been included in the accompanying consolidated balance sheets in accounts payable and accrued expenses.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1106213/000119983524000134/sfrx-10k.htm

A dozen boats?

Canaveral?

For those of you with skin in the game, I caught this departing Canaveral on Monday. I understand there are a dozen boats like this on the East Coast. Interesting to see what we own.

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Moving a little up so far ....
ALOT more Volume would be nice 👍

Exactly .....
No trades thus far today
Hummmmmm

It sure is quiet. Because of end of summer, or is something happening?

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FYI, summer ended yesterday, and there are……

only 99 days left in 2024.

…..I'm 100% sure there will be treasure at Juno this summer.

What was it that made you 100% sure?

Just curious.

Thanks

Brewing?
Perhaps BK?

Yet another day at a half penny

Will likely be the same or worse next week, month, year

Something is brewing ....
Hummmmmm

I can only imagine they are just too busy SeaSearchig rather than to simply dig a 'proofing' gold or silver target hole. It's not even humorous anymore. Absurd.

That would be Great 👍

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So, if someone calls Kyle they can…….

obtain non public info?

Is that what you’re saying?

How freakin’ absurd.

And what has he said publicly that turned out to be bullshit?

We’re on the wreck!
Q1 2020
Priceless death mask
Torres is brilliant scientist
Block chain will pay for it all
Quantum resistant computer
Not gonna sell treasure (duh)
New paradigm
Industry leading recovery process

As of yesterday there are 8.783B OS.

4B OS shares ago Kyle said raising the AS was for uplisting to the NASDAQ.

Yeah, let’s call the man!

Seriously123--you say you speak to Kyle often which brings a question to mind. How many of the naysayers on this board have talked to him recently? Or ever for that matter? At least you try to do your own DD as close to current day events as possible. imo that's very wise especially at this point in time.

You were sure of yourself then, and we…….

know how that turned out, don’t we?

I’m a skeptic about Juno and it’s based on SFRX’s reports and the ones that were there before them.

Your opinion has no basis in fact, just like it was over 8 years ago.

2025 is fast approaching.

Okay. So the shareholder who said Torres…….

wasn’t a novice and turned down big money to come and work for SFRX, and also said they would soon be bringing up treasure at Melbourne EIGHT YEARS AGO is the opinion that matters?

Too funny!

What matters most is the opinion of a shareholder vs a stalker?

Is that the question you meant to ask?

If so yes the shareholders opinion Trump's the stalker.

Kyle making treasure hunting great again!

You said Torres was not a novice……

Doesn’t that mean you believed him after talking with him?

You said he was turning down big money to come and work with SFRX.

You also said SFRX was getting a Recovery Permit for Melbourne, didn’t you?

But what ultimately matters is what time of the day someone posts?

Or if they own shares?

You’re a hoot!

Maybe I will just go to a random board and proclaim I know everything and everyone else is wrong.


Not!!!!!

There will be a lot of interest soon. NO DOUBT BY UNEDUCATED AND UNSOPHISTICATED PIPE DREAMERS

THAT'S BEEN THE STATUS QUO SINCE, WELL, FOREVER

There will be a lot of interest soon.

Quote:I speak with Kyle pretty often and our last conversation was an awkward silence.

Meaning they have reached a point in their progress where there is absolutely nothing they can say that wouldn't be inappropriate.

Trust me I tried to pry and I got shut down.

Which is really good news as far as I see it.

You can interpret that the way you want. So either that is good news or criticism. Depending on your outlook.

Don't forget to load the boat...just sayin
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Like what would you expect him to say? SeaSearcher gold and silver pin-pointed targets on site haven't proven out and we're trying to figure out how we're going to cover our ass. That's just my interpretation but I just don't understand how much kool-aid people are going to keep drinking.

That would be nice 👍

They have a media deal. Kyle said……

so at the investor conference last year.

That’s why it’s all hush, hush Buttercup!

I remember when you talked to Torres. That must have been quite the conversation. You certainly seemed impressed.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=144612964

Soon, huh?

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=124074067

You got it all figured out!

Love it!

Happy Friday!

There will be a lot of interest soon.

I speak with Kyle pretty often and our last conversation was an awkward silence.

Meaning they have reached a point in their progress where there is absolutely nothing they can say that wouldn't be inappropriate.

Trust me I tried to pry and I got shut down.

Which is really good news as far as I see it.

You can interpret that the way you want. So either that is good news or criticism. Depending on your outlook.

Don't forget to load the boat...just sayin

Not a big deal. Good to see some interest!

Any just like that negative on the day

Wow, great open!!

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SFRX's issue could be they're too brilliant........

Let's say they put the ShipShark (aka GalleonFinder) in the water at Juno, and let's "assume" it said there was a treasure ship within 50 miles.

I know the San Miguel Archangel shipwreck (Amelia Research and Recovery) is at Jupiter Inlet. Maybe it detected that treasure ship which is why they believe there is treasure at Juno. It would be within 50 miles.

If they can't tweak the ShipShark and dial back the range, then that could be the issue.

Just a thought.

Happy Thursday!

Ya I kinda don't get the not diving on targets either. But hey let's scan the ocean floor to Africa and hope everyone else pays for it. Still got my shares that I put to sleep just in case though.

Seems they are just too busy 'scanning' rather than digging a hole to recover already pin-pointed treasure. Now mid-September and who cares about something so trivial as recovering gold and silver.

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I wonder why they haven’t provided an……

update on the device.

Maybe they’re working on a JV with SpaceX????

Hmmm

Side-scan sonar is useful "if" you're.......

on a wreck that sunk with a valuable cargo.

Any technology is ONLY useful on junk sites because after a few dives that should help you determine to move on.

The reason there is NO announcement of treasure should be obvious when one reads SFRX reports, as well as the reports of the ones that were there before SFRX.

There is no technology that can find what isn't there. IF the device works it's telling me what I already know, which is Juno is a junk site.

As far as the GalleonFinder Kyle says they're building, it's amazing that he can say such crap with a straight face. If they had technology that was even half that good, they wouldn't be selling discounted shares to raise money.

I happen to notice that Legacy Network hasn't posted a video since they did the promo tour hyping SFRX's rise to a 3-cent stock.

https://www.youtube.com/@venturelounge/videos

Kyle is right, there is no other company in the industry that compares to SFRX, but it isn't something to brag about.

If they have a 50 mile searcher, why did they need to spend $48,000 on the side scanner.

He also mentions the device they have that detects a treasure ship within 50 miles.

Big deal

I bet SpaceX has a device that detects a treasure ship from space

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No, no, no. Here’s Kyle discussing the…….

GalleonFinder. At least that’s what I call it.

You can jump to the 6:30 mark and the 26:20 mark for the meat. Be prepared to be amazed.

He says Melbourne was a dud, yet they renewed the permits.

He also proclaims there is no other company in the industry that compares to SFRX. I agree with him on that.

He also mentions the device they have that detects a treasure ship within 50 miles.

You can’t make this crap up.

Enjoy! The film crews should have been on site since day one at Juno!