Goldenboy17
20 hours ago
I remember when a certain non-shareholder claimed many absurd things .....
• Falsely repeatedly claimed a major shareholder in SFRX sold 71,200,000 shares when that shareholder actually BOUGHT shares of SFRX. “Insiders are selling!” Then tried to claim it was his wife that sold even though a filing from that same day verified neither sold any shares and they had, in fact, bought more shares.
• Said to not buy a stock that later went up 3,000% (SFRX)
• Advised, and still advises, buying a stock that then went down more than 99.99% (EXPL) But definitely not a sore spot! LOL!
• Had the gall to say the problem with EXPL, when it was trading around 50 cents, was that there was a lack of shares available and buyers were waiting for larger blocks to be available. EXPL now at .0003 and non-trading, non-reporting. Now says EXPL is “doing fine” and “price doesn’t matter” because the only people who care about the price are people looking to sell.
• Doesn't know the difference between a promissory note and a convertible note.
• Argues the tech for the SeaSearcher is imaginary while at the same time says it already exists.
• Pretends not to understand how the SeaSearcher has value.
• Is unable to see the expanding uses for the SeaSearcher tech in multiple industries and that it can be used on many wrecks, not just one
• Says Tim Reynolds does not understand salt water
• Implies the SFRX BOD is personally selling shares when they are not.
• Says no one is promoting EXPL while promoting EXPL at the same time
• Attacks a company for 8 years without owning shares while also claiming they have a buy order submitted to "load the boat" with SFRX shares when treasure hits, after filtering through a number of excuses, now says here for the “comedy”
• Thinks Micah being found guilty by a jury on 19 counts of fraud is just part of doing business and not a big deal, "he was just found liable, not guilty!" LOL!
• Equates being reimbursed for a phone bill as the same as receiving a salary, ignores that Kyle received no salary for 12 years, now complains about his salary while overestimating it by 100%
• Brags about making money on a P&D
• Does not believe a teredo crust exist and is just ‘hype’ because they lack the experience to know about them
• Complains about everything taking too long while working behind the scenes to slow things down
• Repeats false information over and over for years. Even after being confronted with the truth.
• Presents information as negative when it's a non-issue.
The above list is not complete, but it's plenty to make a sound decision regarding investment advice.
Keep in mind, Seafarer is criticized:
When Seafarer’s own CEO is positive about the company.
When they communicate with the public and when they do not communicate with the public.
When the price goes up (“Insider trading!”) and when the price goes down.
When the volume is high (“Wash trading!”) and when the volume is low.
When they have a new development and when they do not have a new development.
When they do something or when they don't appear to do anything.
When they announce what they expect to happen and when they do not announce what they expect to happen.
When they communicate to the public before something happens and if they make plans to communicate to the public after something happens.
When they promote something and when they purposely don't promote something.
When they hire someone or when they fire someone.
When Kennedy takes a salary and when he does not take a salary (12 years, no salary).
When... well, I guess it could be a long list.
Eventually it will be when they do find treasure and when they don't find enough treasure.
Basically it's every single thing they, the shareholders or anyone currently or previously associated with the company do – whether good or bad.
All I know is that I would not take advice from entities that have no firsthand knowledge about the operations or understandings regarding the crew, officers, scientists or the capabilities of the SeaSearcher.
The best source of information is from the company and people who are actively engaged with the equipment, strategy and operations.
hedge_fun
23 hours ago
Juno was proven to be a dud long ago…….
I’m sure certain longs will need another season or two before the lights come on. They’ll be the ones (ahem) gobbling up the cheapies.
They can “invent” all the stories they want about billion dollar wrecks that belong to Spain and how they’re going to corner the market on them, blah, blah, blah, but it doesn’t make it so.
The stock pimps at Legacy are complete idiots when it comes to salvage law.
Please note: Juno belongs to SFRX. Spain never made a claim on that wreck. After Seahunt they laid claim to all their galleons that hadn’t been ruled on.
But fear not, 2025 will surely come in with high hopes and huge expectations.
Rinse, wash, repeat.
Happy Friday!
#noteventrinkets
hedge_fun
2 days ago
Yeah, why would anyone question SFRX? They’ve….
been soooooo suck-cess-ful, haven’t they?
They got through the worm poop and they’re back at Melbourne.
And you said they moved on from there.
Sounds like you’re out of the loop.
As far as EE goes, another year and more, well………Hopefully they’ll start doing Underwater Rescue Archaeology too.
Oh wait, they have. They did Underwater Rescue Archaeology before it was cool.
And it really isn’t as time consuming as some say it is.
Happy Thursday Goldie!
hedge_fun
3 days ago
Is the SeaSearcher still a concept, as Kyle said…….
it was 5 years ago? He said they needed proof that the device works, right?
Well, is it still a concept?
https://audioboom.com/posts/7459118-seafarer-exploration-ceo-kyle-kennedy-discusses-2020-projects-with-the-stock-day-podcast
5 months prior to that Ware said they had brought it from concept to fruition, but Kyle said otherwise.
A couple of weeks after Kyle predicted Q1 2020 in the paid promo linked above, SFRX raised it AS count to 9.9B and have issued about 80% of those “NASDAQ shares.”
Governments, companies, and agencies were said to be inquiring of SFRX for techno needs. Ah, the future looked so bright, yet all they have is trinkets, not tonnage.
Their Blockchain is dead. No deals with the 11 major cities, no government grants. Zip, zero, nada.
But hey, there have been a few hot air balloon rides in the meantime.
Less than two weeks until 2025!
BTW, what I love most about that paid promo is Kyle’s claim the mag showed them the wreck he believed was from the 1715 Fleet came to rest at the bottom of a hill.
That was priceless.
Happy Hump Day!
hedge_fun
1 week ago
Two years ago SFRX claimed this…….
Recently, Seafarer has invented never before seen technology that could turn a decade long search… into a matter of days.
Mad Max said you can trim 5 years down to a weekend.
The diver Ashley said from the data she has seen, there are strong implications there’s a lot to find.
Two years ago Timmy also said….
So, the whole purpose of the technology we’re developing for Seafarer is intended to reduce the cost of evaluating a site and determining whether or not there’s precious materials on that site worth additional investment.
So, have they determined there’s precious materials there which is why they are continue to invest in Juno?
And why don’t they so say, one way or the other based on Timmy’s previous comments? Isn’t the implication there is precious materials at Juno?
hedge_fun
1 week ago
I’ll add, one can rely on proven technology,……
experienced leadership, experienced and accurate archival research as the basis for starting a project, and a firm understanding of the current state of international salvage law and treaties.
There is a reason SFRX was/is the last salvor on Juno.
Sir Robert Marx said there was one area of interest, but it proved to be a dead end.
Yet close, soon, near, just around the corner are the battle cries of the “Juno is a dud” deniers.
hedge_fun
1 week ago
All this treasure was supposed to be on…….
display by now according to several longs here.
SFRX is already talking about moving on, and they’re back at Melbourne after Kyle said there was no treasure there.
I won’t comment on the device, but according to the former AWOL affiliate, because I didn’t have the specs on Timmy’s Toy, that surely meant treasure was at Juno. So did teredo crust not being located by previous salvors.
Recently the hype was on a new facility, but the former(?) facility was never mentioned in filings, and it was supposed to be state-of-the-art.
What is it Raider says, this is a turd in a candy wrapper?
This picture is from a company I am quite found of. They salvaged nearly 20 tons of silver, which is significantly less than the $15B the Juno wreck “potentially” has. Notice they aren’t using a speed boat for a salvage vessel.
hedge_fun
1 week ago
The 1715 Fleet is off limits for new finds.......
and though it might be nice to get recognition for locating one of those ships, it's really a waste of time and money.
The legacy permit currently being held is grandfathered and Spain never made a claim on those 1715 wrecks.
But everything changed after the Supremes upheld Sea Hunt.
On his last day in office, President Clinton revised US policy and it hasn't changed.
4. The Presidential Statement on United States Policy for the
Protection of Sunken State Craft reads in full as follows:
Thousands of United States government vessels, aircraft and
spacecraft (``State craft''), as well as similar State craft of foreign
nations, lie within, and in waters beyond, the territorial sea and
contiguous zone. Because of recent advances in science and technology,
many of these sunken government vessels, aircraft and spacecraft have
become accessible to salvors, treasure hunters and others. The
unauthorized disturbance or recovery of these sunken State craft and
any remains of their crews and passengers, is a growing concern both
within the United States and internationally. In addition to deserving
treatment as gravesites, these sunken State craft may contain objects
of a sensitive national security, archaeological or historical nature.
They often also contain unexploded ordnance that could pose a danger to
human health and the marine environment if disturbed, or other
substances, including fuel oil and other hazardous liquids, that
likewise pose a serious threat to human health and the marine
environment if released.
I believe that United States policy should be clearly stated to
meet this growing concern. Pursuant to the property clause of Article
IV of the Constitution, the United States retains title indefinitely to
its sunken State craft unless title has been abandoned or transferred
in the manner Congress authorized or directed. The United States
recognizes the rule of international law that title to foreign sunken
State craft may be transferred or abandoned only in accordance with the
law of the foreign flag State.
Further, the United States recognizes that title to a United States
or foreign sunken State craft, wherever located, is not extinguished by
passage of time, regardless of when such sunken State craft was lost at
sea.
International law encourages nations to preserve objects of
maritime heritage wherever located for the benefit of the public.
Those who would engage in unauthorized activities directed at
sunken State craft are advised that such disturbance or recovery should
not occur without the express permission of the sovereign, and should
only be conducted in accordance with professional scientific standards
and with the utmost respect for any human remains.
The United States will use its authority to protect and preserve
sunken State craft of the United States and other nations, whether
located in the waters of the United States, a foreign nation, or in
international waters.
https://www.govinfo.gov/content/pkg/FR-2004-02-05/html/04-2488.htm
SFRX has been warned more than once by the state of Florida. It's quite unprofessional for them to continue to think they are special and somehow exempt.
EmpressWanderer93
1 week ago
Discovering any of the missing 1715 fleet would undoubtedly be a historic and remarkable achievement (and I hope they succeed). However, one could argue that locating those ships could prove costly to shareholders, both in the short and maybe long term. The leadership team has a fiduciary responsibility to prioritize revenue generation for its shareholders, yet they appear content with dilutive practices, selling restrictive shares seemingly without regard for long-term value.
In my opinion, their primary focus should be on leveraging the Juno recovery permit and demonstrating to the world the effectiveness of the SeaSearcher technology. Proving that the device performs as advertised by pinpointing treasure and successfully excavating the site Kyle has claimed could contain 15B worth of treasure.
If the SeaSearcher is functioning as claimed and they possess the necessary equipment to penetrate the crust layer, shouldn’t they have recovered significant treasure by now? Instead, the company seems stretched thin with multiple high-cost ventures, creating the appearance of distraction.
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trueblue
15 hours ago
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