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  4. Seafarer Exploration (SFRX) Message Board

First, I never said anything about bowing out now.

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Post# of 7802
(Total Views: 392)
Posted On: 02/19/2021 12:54:45 PM
Posted By: Deltasigma77
Re: Coat Tail Rider #6262
First, I never said anything about bowing out now.

Second, yes...I am up a good bit, but it is not as much as we have all hoped for. I didnt even sell when it got close to $0.02, because I kept believing for the big find that would take this stock over $20/share. I have accumulated several million shares, and the CEO keeps saying things to the effect of ... this next quarter is going to wow share holders...etc, etc. The perpetual let downs are disenfranchising.

Third, it seems as though you either work for the company or are good friends with those who do given your word choice and deeper knowledge beyond what has been shared through news, facebook, media, etc. I am grateful for things you are bringing up. You said my assumptions or interpretations are wrong...with limited knowledge one can only draw their own conclusions. When I hear black water I take that to mean that there is no light penetrating and that they simply needed to have an underwater lighting apparatus. As it pertains to the cash burn and sales people...yes, as an investor I still have concern there. Are you telling me you have knowledge that they are 100% commission with no base or benefits? If so, great! On the other hand if you hire new people because the old ones were not closing business, but continue to pay the old ones who are not performing a base and benefits that is a feel good emotional choice, not a tactical one that benefits the company and it's investors. I do not know the answer as I do not work there or have friends there. I can only be a skeptic from the outside who is critical because that is my right as an investor. You cannot call it a pivot if you increase payroll with reduced sector ROI. That is simply burning money and praying for a win. Again, if they are 100% commission 1099s...great! If W-2s, that is poor.

You misunderstood my "clear direction" comment. The whole walk & chew gum thing rubs me the wrong way. Pelosi used that when she said that she could legislate our nation and impeach Trump. It is not a matter of capacity...it is a matter of clarity. Again, I am an investor in the wings, so all I know is what I see on the afore mentioned media spots. With that I am saying that they they 1) seem reactive instead of proactive (ie why were the boats not getting repairs while they awaited state approval, so they could get on the water as soon as they had a green light) 2) do not seem to yet have a clear direction as to where they are targeting the block chain tech or on marketing their patients for profitability (ie the facebook responses from their admin are always dismissive of block chain and patient questions since fall as they are focused on treasure). These two points seem to glean that they are more likely walking & stepping in gum.

Yes, they have till end of next month or I will begin a sell off. It typing all this out have have helped me realize my own answer.


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