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  4. Seafarer Exploration (SFRX) Message Board

Well duh, SFRX pays her in shares. And if she does

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Post# of 7802
(Total Views: 247)
Posted On: 07/02/2018 2:19:29 PM
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Posted By: hedge_fun
Re: Coat Tail Rider #3839
Well duh, SFRX pays her in shares. And if she doesn't get enough when she sells the shares, she is guaranteed more shares.

Now let's contrast that with EXPL's TA. From the audit.

ITEM 13 – CERTAIN RELATIONSHIPS, RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

The Company has entered into a contract with Island, which is owned and controlled by Endeavour, to serve as its transfer agent. It did not charge the Company for its services during the years ended December 31, 2017 or 2016.


https://www.sec.gov/Archives/edgar/data/13929...rm10-k.htm

OMG that's terrible. No charge for services.

Now let's look at SFRX's last 3 10K's, shall we?

Kara got more shares fighting Micah than Micah originally had.

The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. At December 31, 2015, the Company owed the related party limited liability company $27,287 for transfer agency services rendered and for the reimbursement of legal fees. . In January 2015, the Company entered into a separate debt settlement agreement with the related party vendor to settle a total of $62,936 of outstanding debt related to legal fees incurred by the related party vendor due to a lawsuit against the Company in which suit the related party vendor was also named as a defendant due to its position as the Company’s stock transfer agency.

https://www.sec.gov/Archives/edgar/data/11062...t_10-4.htm

More legal fees.....

In August of 2016, the Company entered into a debt settlement agreement with a related party vendor to settle a total of $32,213 of outstanding debt related to transfer agent fees and legal fees incurred by the related party vendor due to a lawsuit against the Company in which suit the related party vendor was also named as a defendant due to its position as the Company’s stock transfer agency. The Company issued 32,212,790 shares of its restricted common stock to this vendor as satisfaction for the outstanding debt. The agreement between the Company and the vendor stipulated that should the transfer agency realize less than $32,213 from the sale of the stock, then the consultant is entitled to receive up to an additional 11,000,000 shares of common stock or a cash payment until the balance is paid in full.

https://www.sec.gov/Archives/edgar/data/11062...-17103.htm

The Company has an ongoing agreement with a limited liability company that is owned and controlled by a person who is related to the Company’s CEO to provide stock transfer agency services. During the year ended December 31, 2017 the Company paid the related party transfer agency $8,561 .

https://www.sec.gov/Archives/edgar/data/11062...34-10k.htm

Now are you suggesting Micah is manipulating the price of a stock that doesn't generally have daily volume.....yet? Set the price of what?


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