From Spec Ops:
I guess you will know when we all find out bro. I would like to clear up some mis-information here on the board.
Folks like to say that the permit was denied once already on this site. Yes, it was denied but let me set the story straight. HTQ applied for the permit after they had been caught taking artifacts and treasure without a recovery permit, after they got caught they decided to try to do it the right way and the state denied their permit (and rightfully so!). That is the issue with most of the TH companies. They do things the wrong way and give everyone a bad name. Kyle does things the right way, this takes a little more time (MORE THAN I WOULD LIKE) but it is done right and this will serve them in the future. I can undertsand the delay, I do not know this to be fact but if I was the state official I would make sure tha HTQ had no rights to the site period! This may be some of the delay. Seafarer WILL recieve the permit, the big question is when?
Some folks here seem to be concerned with the burn rate. I have stated here before that by my research the burn rate should be between 20-25K a month. SFRX has 25 million shares left to issue and at the current PPS that is $500,000. Now we all know that there will be a discount on the shares more than likely they would be sold at .015 but lets take the chicken little approach and say there is a 50% discount which would be .01. That gives Kyle access to $250,000. If you take the high end of the burn rate that gives SFRX 10 months of working capital to explore ANY site they want. That takes us to August of 2014! Now I ask all of you is that really cause for concern?? Any reasonably intelligent person would agree when I say NO IT DOES NOT!
I am sure we will hear about the "season", that being said I have done my DD on this site I am sure that most have not) and this wreck was discovered in the winter, January to be exact! Do yourselves a favor and do some research on the area of the wreck and you will see it is THE calmest water on the coast of Florida! Gambling boats take that trip year round and according to a CPT of one of them "for the seas to be above 3-4 feet at any time of the year out there is an anomaly". I want this tomorrow like everyone else, but I have common sense and I know that will not happen but to spread lies and blame the CEO is childish. Take responsibility for your investments. No one here was forced to spend money here. As for me Kyle has done a great job so far! We have permits that no one else has. So if there were any TH companies out there worth investing in SFRX is the one! They have the best chance of finding something simply because they are THE ONLY company getting permits!
I guess you will know when we all find out bro. I would like to clear up some mis-information here on the board.
Folks like to say that the permit was denied once already on this site. Yes, it was denied but let me set the story straight. HTQ applied for the permit after they had been caught taking artifacts and treasure without a recovery permit, after they got caught they decided to try to do it the right way and the state denied their permit (and rightfully so!). That is the issue with most of the TH companies. They do things the wrong way and give everyone a bad name. Kyle does things the right way, this takes a little more time (MORE THAN I WOULD LIKE) but it is done right and this will serve them in the future. I can undertsand the delay, I do not know this to be fact but if I was the state official I would make sure tha HTQ had no rights to the site period! This may be some of the delay. Seafarer WILL recieve the permit, the big question is when?
Some folks here seem to be concerned with the burn rate. I have stated here before that by my research the burn rate should be between 20-25K a month. SFRX has 25 million shares left to issue and at the current PPS that is $500,000. Now we all know that there will be a discount on the shares more than likely they would be sold at .015 but lets take the chicken little approach and say there is a 50% discount which would be .01. That gives Kyle access to $250,000. If you take the high end of the burn rate that gives SFRX 10 months of working capital to explore ANY site they want. That takes us to August of 2014! Now I ask all of you is that really cause for concern?? Any reasonably intelligent person would agree when I say NO IT DOES NOT!
I am sure we will hear about the "season", that being said I have done my DD on this site I am sure that most have not) and this wreck was discovered in the winter, January to be exact! Do yourselves a favor and do some research on the area of the wreck and you will see it is THE calmest water on the coast of Florida! Gambling boats take that trip year round and according to a CPT of one of them "for the seas to be above 3-4 feet at any time of the year out there is an anomaly". I want this tomorrow like everyone else, but I have common sense and I know that will not happen but to spread lies and blame the CEO is childish. Take responsibility for your investments. No one here was forced to spend money here. As for me Kyle has done a great job so far! We have permits that no one else has. So if there were any TH companies out there worth investing in SFRX is the one! They have the best chance of finding something simply because they are THE ONLY company getting permits!
