Seafarer Exploration Corp (SFRX)

[hedge_fun]

Mary said otherwise in her deposition.......link

It was confirmed that they CAN get this permit for section 1 and then then immediately, based on finding the items needed to prove a ship is probably there, apply for what we here have called a salvage permit. There is no requirement to identify the name of the ship before getting a salvage recovery permit. So I think we are moving forward.

BY MR. KIDD:
6 Q. No problem.
7 As part of a salvage or recovery permit
8 being granted, does a wreck have to be found? Or
9 treasure, artifacts, and valuables? Essentially,
10 where is the threshold?
11 A. Yes --
12 MR. HUFFMAN: Objection to form. It's
13 compound.
14 MR. FUGETT: Object to form, but go ahead.
15 THE WITNESS: Yes, a recovery permit is for
16 the recovery of the remains of a shipwreck; so a --
17 the remains of a shipwreck have to be identified in
18 order to receive a recovery permit

http://www.sidedraught.com/stocks/SFRX/Lawsuit%20against%20a%20Poster/6216%20PRO%20SE%20DR.%20GLOWACKI%20COMPLETE%20AJ-CT.pdf