Seafarer Exploration Discusses Significant Ballast Pile Discovery with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - October 27, 2021) - The Stock Day Podcast welcomed Seafarer Exploration (OTC Pink: SFRX) ("the Company"), a publicly traded underwater salvage and exploration company traded under the symbol SFRX. CEO of the Company, Kyle Kennedy, joined Stock Day host, Everett Jolly.
Jolly began the interview by asking about the Company's progress on its current projects. Kennedy shared that the Company is currently working on hull repairs on one of its ships, however expects a speedy repair within the next two weeks. "We have multiple sites that we are looking at that could all theoretically produce treasure," said Kennedy before elaborating on these sites.
Kennedy then discussed the Company's progress on their Juno Beach site where they recently discovered a significant ballast pile. "The ballast pile are rocks that are stored in the bottom of the old sailing vessels like Spanish galleons, as well as French and English ships, to stay upright," explained Kennedy. "We're just now getting into the analysis and we're also wanting to get the SeaSearcher down on top of the Juno site," he added. "We will continue to focus there and eventually DEP and CORP permits will allow us to move forward."
Jolly then asked Kennedy to elaborate on the Company's SeaSearcher technology. "There has never been equipment that could locate gold or silver; there's only been equipment that could locate iron," said Kennedy. "Our scientists built a machine that is capable of seeing gold and silver, and distinguishing metals underneath the sand, while also seeing those metals in 3D imagery," he shared. "That has never existed before."
"Where do you think your stock is going to go in a year or so without a reverse split and why?" asked Jolly. Kennedy discussed the significant value of potential treasure on the ocean floor and how only a small percentage of that amount could create a large asset valuation. With enough time and equipment, the Company could theoretically get out of the penny stock arena without a reverse split.
To close the interview, Kennedy elaborated on the Company's potential as they continue to move forward with multiple sites and using their revolutionary SeaSearcher technology.
To hear Kyle Kennedy's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7968104-seafarer-exploration-discusses-significant-ballast-pile-discovery-with-the-stock-day-podcast
About Seafarer Exploration:
Seafarer Exploration Corp. is a publicly traded underwater salvage and exploration company traded under the symbol SFRX. The principal business of the Company is to develop the infrastructure necessary to engage in the archaeologically-sensitive research, documentation, exploration, recovery, and conservation of historic shipwrecks. The company has secured multiple sites it believes contain historic and valuable shipwrecks. The Company will use accepted archaeological methods to properly document, research and recover portions of the wrecks. Seafarer employs scientists and historians and is committed to preserving the cultural and historical significance of every wreck it finds.
The press release may include certain statements that are not descriptions of historical facts but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that was reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101019