InvestorsHub Logo
Followers 5
Posts 91
Boards Moderated 0
Alias Born 07/09/2013

Re: nebula2012 post# 38784

Thursday, 07/31/2014 10:40:20 AM

Thursday, July 31, 2014 10:40:20 AM

Post# of 41960
You say the DR does a disservice to DPBE and its shareholders, right after you say "why file a lawsuit". Forget Wilf and his previous exploits, truth is DPBE spent a load of cash recovering artifacts that contractually belong to them, and the DR is not holding up its end of that contract. If that isn't grounds for a lawsuit, I don't know what is.

BUT - my statement relies on hearsay that DPBE truly had an actual treasure recovery contract awarding them 50% of the treasure recovered.

In my DD one government official declined to answer my question about the terms of the "contract", and another stated that they had a letter authorizing them to dive, but no mention of a split of the artifacts was in that letter and the letter was not a binding legal agreement. It was a letter authorizing diving and artifact recovery in case the crew was stopped by a law enforcement officer.

If DPBE dove without a salvage agreement legally giving them 50%, that's their own stupidity. I believe this is the only reason DPBE hasn't filed suit, other companies down there have filed huge lawsuits, but DPBE stands quietly by on the sidelines. I wonder why?