Accumulated deficit is $24,615,275 a/o 9/30. I’m
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Posted On: 03/13/2023 12:51:07 PM
Re: Coat Tail Rider #7388
Accumulated deficit is $24,615,275 a/o 9/30. I’m sure it’s over $25MM by now.
Those are losses….ie shareholder money down the toilet on 3 failed projects.
What SFRX has lost annually in recent years digging up fittings without permission, measuring an anchor on an unknown wreck, etc, along with paying Timmy and Kyle, would more than pay for one of EXPL’s deep water projects.
How does an entity lose that much money and not find one trinket it over 15 years?
If anyone got “hosed” because EXPL ceased being quoted, it was their own fault. They had ample notice.
Micah Eldred, CEO of Endurance Exploration Group, Inc. commented, "the systemic regulatory pressure by FINRA and the SEC against low priced OTC stocks has risen to the point that we believe an OTC listing is a hindrance, and not a benefit, to our Company's ability to raise equity capital to further our business plan. There are practically no securities firms willing to provide investment banking services to OTC issuers, and most brokerage firms will no longer accept OTC issuer shares for deposit, due to the overreaching regulatory environment. The Company will evaluate its future listing options, including, consideration of a listing or IPO on a non-USA exchange that welcomes entrepreneurial issuers."
The folks that got “hosed” were those that bought when Kyle claimed they had located a 1400’ x 1600’ footprint of the wreck at the base of a hill in the same paid promo where he called Torres a brilliant scientist.
They never told the state Melbourne had such a footprint. Now you say they’re no longer at Melbourne.
That was some investment, huh?
How many years and how many million$ given the old flush-a-roo?
Those are losses….ie shareholder money down the toilet on 3 failed projects.
What SFRX has lost annually in recent years digging up fittings without permission, measuring an anchor on an unknown wreck, etc, along with paying Timmy and Kyle, would more than pay for one of EXPL’s deep water projects.
How does an entity lose that much money and not find one trinket it over 15 years?
If anyone got “hosed” because EXPL ceased being quoted, it was their own fault. They had ample notice.
Micah Eldred, CEO of Endurance Exploration Group, Inc. commented, "the systemic regulatory pressure by FINRA and the SEC against low priced OTC stocks has risen to the point that we believe an OTC listing is a hindrance, and not a benefit, to our Company's ability to raise equity capital to further our business plan. There are practically no securities firms willing to provide investment banking services to OTC issuers, and most brokerage firms will no longer accept OTC issuer shares for deposit, due to the overreaching regulatory environment. The Company will evaluate its future listing options, including, consideration of a listing or IPO on a non-USA exchange that welcomes entrepreneurial issuers."
The folks that got “hosed” were those that bought when Kyle claimed they had located a 1400’ x 1600’ footprint of the wreck at the base of a hill in the same paid promo where he called Torres a brilliant scientist.
They never told the state Melbourne had such a footprint. Now you say they’re no longer at Melbourne.
That was some investment, huh?
How many years and how many million$ given the old flush-a-roo?
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