Seafarer Exploration Corp (SFRX)

[hedge_fun]

Current law (linked below) states shipwrecks MUST......

be identified before a salvage permit is issued. But we are being told Mary "allegedly" said identifying the ship wasn't required. See (b) below.

Plus, if HTQ has current rights, it also makes no sense that Mary would say Seafarer basically has a permit waiting on them. See (2) below.


1A-31.0062 Types of Permit.
(1) The division may issue two types of permits:


(a) An exploration permit allows the permittee to collect remote sensing and visual information on potential historic shipwreck sites without excavation or bottom disturbance. The exploration permit may be modified in a later stage to allow limited disturbance and excavation for purposes of determining the presence or absence and the nature of potential historic shipwreck sites. The number, location, extent and type of such test excavations shall be specified in the permit modification.

(b) A recovery permit may be issued only after the existence and nature of a historic shipwreck site has been documented by exploration permit activities and confirmed by the division. A recovery permit allows the permittee to conduct more extensive excavations and recover archaeological materials. The number, location, extent and type of such excavation and recovery operations shall be specified in the permit.

(2) The division shall not issue multiple permits for any active permit area or historic shipwreck site that is within an active permit area, including its buffer area.
Specific Authority 267.031(1) FS. Law Implemented 267.031(2), 267.061(1) FS. History–New________.


It's all right here. The rumor about Mary reminds me of the rumor Seafarer had an 80/20 agreement in place on the current permitted site.

https://www.flrules.org/gateway/RuleNo.asp?title=PROCEDURES%20FOR%20CONDUCTING%20EXPLORATION%20AND%20SALVAGE%20OF%20HISTORIC%20SHIPWRECK%20SITES&ID=1A-31.0062

T-minus one to two weeks........