Reef Dawg
Full Member
Last week, Seafarer Exploration Corporation announced it's getting into the Real Estate business. Here is their public release;
Seafarer Exploration Corp. (SFRX) announced today the Company has acquired a control position in Sidkay Holding Corp., a private development stage company in the process of going public. Sidkay Holding Corp.’s business intent is to acquire, own, operate, improve, lease, sell and otherwise manage for investments purposes a diversified portfolio of income producing commercial, residential, and industrial properties. It is the intent of Seafarer to distribute the shares of Sidkay to its shareholders as a dividend at the appropriate time. Seafarer is continuing to pursue the renewal of their agreement with the State of Florida. Seafarer will also continue to evaluate different business proposals which may come to them from time to time.
Seems odd to me, that a company claiming it's in the treasure hunting business, now, does an about face, and in the worst Real Estate market EVER, their claiming the two agendas are relevant to the other.
Excuse me for being simple minded, but this is a complete dilution of stock if you ask me. A shell company taking over another shell company.
Guess it's time to reinvent Business 101 courses offered at local Colleges. LMAO
Seafarer Exploration Corp. (SFRX) announced today the Company has acquired a control position in Sidkay Holding Corp., a private development stage company in the process of going public. Sidkay Holding Corp.’s business intent is to acquire, own, operate, improve, lease, sell and otherwise manage for investments purposes a diversified portfolio of income producing commercial, residential, and industrial properties. It is the intent of Seafarer to distribute the shares of Sidkay to its shareholders as a dividend at the appropriate time. Seafarer is continuing to pursue the renewal of their agreement with the State of Florida. Seafarer will also continue to evaluate different business proposals which may come to them from time to time.
Seems odd to me, that a company claiming it's in the treasure hunting business, now, does an about face, and in the worst Real Estate market EVER, their claiming the two agendas are relevant to the other.
Excuse me for being simple minded, but this is a complete dilution of stock if you ask me. A shell company taking over another shell company.
Guess it's time to reinvent Business 101 courses offered at local Colleges. LMAO