Seafarer Exploration Corp (SFRX)

[buccaneer1961]

INVESTORS PLEASE READ THIS FIRST!

Posted by: Treasure_Watcher
In reply to: boiler99 who wrote msg# 34346 Date:7/31/2014 11:08:40 AM
Post #34347 of 34361


I agree Dr. DeBry knows his stuff and Kyle does too. I'm also very excited about this exploration permit FINALLY getting here. . This permit does NOT allow full salvage of the shipwreck, it allows investigation of the shipwreck site. The site is buried under ten or more feet of sand, and I see nothing that gives them permission to move that sand. That requires FDEP and Army Corps of Engineers permission.

Once you have permission to move sand, you can recover a few artifacts for identification and to prove that there is indeed a shipwreck there. THEN you can file for a salvage agreement, wait for it, and the finally get started with the real work of recovering everything from the wreck.

All these steps take a LOT of time as we all know. Even once you have a salvage agreement and bring everything up, you still have to wait until the following september to get the artifacts in division (at least that is how they do it with the Fisher group that I have also invested in). So estimates of two years before treasure in legally owned and in the hands of SFRX is accurate in my opinion.

I will hold my .005's until the big jump comes, and I agree it is still WAY off in the future. Spikes along the way for flippers, sure...but big money is still a waiting game. I predict a slow and steady rise in PPS with some nice spikes along the way...then a HUGE jump when treasure is recovered, cleaned and ready for division and auction.