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I’m sure he is squeaky clean since he was ONLY involved in 14 charges!! Hahahhahaha!!!!!!
“The SEC Division of Enforcement alleges that on August 10, 2022, a District Court Judge enjoined Micah Eldred for a period of five years from future violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5(b) thereunder, in the conclusion of a civil action filed by the SEC in Florida.”
#revokedinflorida
#keepgoodcompany
#howdeepareyouinhere
Yeah, that’s him. He has his own……
law firm.
Thanks for asking.
https://www.capitol.law/micah-eldred/
BTW, the SEC lost on 13 of 14 charges, and the one count were he was found liable (Count 6) was appealed to the 11th Circuit.
Glad we have equipment upgrades and don’t need to sell stock to fund operations.
This your CEO, bro?
“District Court also ordered injunctive relief as to Island Stock Transfer and the two individuals, and imposed penny stock bars against Spartan Securities, Dilley and Eldred, prohibiting them from participating in the issuance, trading, offer or sale of a penny stock.”
S.S. Benmohr (1942) - The last journey……
Wreck search
By Deep Ocean Search
13th April 2023
SS Benmohr was a 6,000-ton cargo vessel owned by Ben Line Steamers of Leith, Scotland. On her last voyage she sailed from Bombay, destination Liverpool via Durban. The ship was torpedoed by the German submarine U-505 300 miles SW from Freetown, Sierra Leone and sank in deep water with no loss of life.
Benmohr carried a large general cargo and approx. 50 tons of cut silver coins amounting to 1,499,034 fine ounces of silver in 1,091 boxes as evidenced by the accompanying telegrams.
Benmohr was followed by U – 505 and torpedoed twice. The Log Books were used by DOS to re-create the attack set up in order to establish the sinking position and create a search box.
DOS went to look for the wreck of Benmohr in 2016.
The search site was some 300 miles from land and it was expected that the seafloor in the area would be difficult. The water depth was in excess of 4,500 meters.
A possible target within an area of large rocky outcrops was detected within 48 hours of the start of the search.
http://www.deepoceansearch.com/project/steam-ship-benmohr/
S.S. Coloradan (1942) The last journey…….
SS Coloradan was a 6,000-ton cargo vessel owned by the American Hawaiian SS Company. On her last voyage she sailed from the Persian Gulf, routed from Durban to Trinidad and then on to New York.
The ship was torpedoed by the German submarine U-159, 250 miles SW of Cape Town, South Africa and sank in deep water.
Large cargo of manganese ore
Some general cargo
3 tons of drums of gold precipitates
The crew
The 48 survivors quickly launched the two lifeboats...
6 crew members were lost in the after house of the ship. Survivors were split 23 in boat 2 and 26 in boat 1
Men from boat 2 were picked up by the British destroyer HMS Active and then landed in Cape Town on October 14th.
15 of them were aboard the Dutch motor passenger ship Zaandam, which was sunk by U-174 on November 2nd: 6 of the Coloradan survivors died.
The 9 survivors were eventually repatriated to New Orleans aboard SS Gulfstate then SS Yarmouth on November 29th, 1942.
As per the requirement of United Kingdom Salvage Law, the recovered cargo was delivered to Southampton into the control of the Receiver of Wreck at the Department for Transport.
The Receiver held the cargo for the requisite period to determine the ownership and subsequently a salvage award was made.
http://www.deepoceansearch.com/project/steam-ship-coloradan/
SS Atlantic (1873) - 150th Anniversary……..
Wreckwatch TV - Interview with Mike Fletcher
The Day Explorers Finally Found One of the World’s Great Lost Shipwrecks
By Mensun Bound
March 5, 2022
Sometimes as life unfolds there are occasions, rare and extremely special, when everything seems to come into alignment to create a moment of absolute perfection. Spheres chime, time stands still and every strand bonds to form a single, beautifully neat cosmic bow. And it happened today. For today, you see, we found the Endurance.
As usual, I woke to the alarm at twenty to seven. Immediately it was upon me, the gripping sense that things were slipping away from us, and in only three days we would have to be out of this frozen barrel and on our way back to Cape Town. When you sit astride a project that costs millions, the thought of failure knots your intestines and depresses the very hell out of you.
https://lithub.com/the-day-explorers-finally-found-one-of-the-worlds-great-lost-shipwrecks/
The Gloucester, 1682 on Seven Seas News…..
In 1682 a royal ship carrying the heir to the English throne ran aground and sank off the Norfolk Coast. The wreck was discovered by two brothers in 2007 and has remained a closely kept secret until now.
The Connaught's Race Between Fire and Flood (1860)……
Endurance recognized for locating her in 2014.
NCLA Calls on 11th Cir. to Vacate Dist. Court’s Judgment
On February 20, 2019, the Securities and Exchange Commission (SEC) brought 14 counts against Appellants, alleging their participation in two schemes to aid and abet the creation of fake publicly traded companies and subsequent issuance of stock between December 2009 and August 2014. After a 12-day trial in July 2021, the jury returned a verdict in favor of Appellants on 13 of the 14 counts charged.
https://nclalegal.org/2023/01/ncla-calls-on-11th-cir-to-vacate-district-courts-judgment-in-case-sec-never-should-have-brought/
Sinking of the Merchant Royal (1641)…….
Wreckwatch TV ~ Shipwreck Oscars 2022
Christmas Cards from the SS Gairsoppa……..
Jimmy Gadomski diving the Snowy Grouper wreck.……
for the History Channel. He’s been a free lance diver for EXPL/BWVI.
”Shipwreck skeleton" found on Outer Banks beach remains a mystery
https://www.cbsnews.com/amp/news/shipwreck-skeleton-outer-banks-north-carolina-mystery/
SS Pacific (1875) Shipwreck Found……..
Washington salvage company discovers location of famous shipwreck nearly 150 years later
In November of 1875 the steamship S-S Pacific was traveling from Seattle to San Francisco when it collided with another ship. It is believed that 325 people died.
Also on board were tons of oats and hops, hides, 230 tons of coal, and a substantial amount of gold.
https://www.king5.com/amp/article/news/local/washington-company-discovers-famous-shipwreck-150-years-later/281-cc813e7f-2fa1-487e-a721-55f81296a3c7
I appreciate the opportunity to debunk…..
the regurgitated bullshit claims. Whoever told you the pictures were fake needs to understand NGC doesn’t authenticate coins with pictures.
Plus, there’s a difference between Dark and Defunct.
Dark or Defunct
Companies that may not be able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group.
The authenticated coins are encased, not framed.
Recent recovery efforts by Endurance Exploration Group and Blue Water Ventures International have found coins from the US, Spain, Mexico and Great Britain among other artifacts. Foreign coins were legal tender in US at the time the SS Pulaski sank due to the scarcity of US Mint issues.
“This may be one of the most significant shipwreck finds of early US silver and gold coins,” says Mark Salzberg, chairman of NCS and NGC. “We are honored to have been selected to examine, conserve and grade coins from this historic shipwreck.”
https://www.aucm.com/1836-classic-head-5-ngc-ms63-29565821.html
Just a few weeks left to see the exhibit, though I’m sure the museum will always have a Pulaski display. It just won’t be throughout the museum like it is now.
https://www.shipsofthesea.org/
Is this the page for the
Defunct expl?
I heard all the pictures were fake?
Is this true?
I can't seem to find the stock symbol on any broker dealer?
History Channel has a new show airing 11/22……..
While working on the project they discovered a section of the Space Shuttle Challenger. A couple of the divers in the show have worked on various Endurance projects.
NASA announced the find yesterday.
https://www.yahoo.com/news/section-destroyed-shuttle-challenger-found-164206554.html
Jimmy posted the trailer on his YouTube channel.
Rare Emerald Discovered in 300-Year-Old Shipwreck Could Sell for $70,000
Proceeds from the sale will go toward humanitarian efforts in Ukraine
In 1622, a ship called the Nuestra Señora de Atocha sank in a hurricane—with a 6.25-carat emerald, among many other treasures, on board. Soon, that emerald will be sold at Sotheby’s Magnificent Jewels auction, where it is expected to fetch between $50,000 and $70,000.
https://www.smithsonianmag.com/smart-news/a-colombian-emerald-was-lost-in-a-shipwreck-for-300-years-now-its-owner-is-selling-it-to-support-ukraine-180981061/
Whaleback barge lost for 120 years discovered in depths of Lake Superior
https://www.mprnews.org/amp/story/2022/10/13/whaleback-vessel-lost-for-120-years-discovered-in-depths-of-lake-superior
Chef Robert Irvine visits Walker’s Cay!…….
A recent news story posted by Patti Callahan……
https://www.patticallahanhenry.com/post/wsav-tv-savannah-sharing-the-story-of-savannah-s-titanic
Explorer shares artifacts from 17th century Spanish shipwreck on 'America's Newsroom'
Aug. 08, 2022 - 4:00 - Allen Exploration founder Carl Allen shares some unique pieces from the groundbreaking 17th century shipwreck his crew recently uncovered near the Bahamas.
https://video.foxnews.com/v/6310603069112?playlist_id=6097749916001&fbclid=IwAR3EJIUE4B7t7POD42kzOzftK-dlh6eQui3_e3CMOv08SlK0kKYrMk-EV4c#sp=show-clips
Judge Enters Reduced Penalty for NCLA Clients Exonerated from Excessive SEC Charges
Aug 10, 2022 | Press Releases
Washington, DC (August 10, 2022) – Today, Judge Virginia Hernandez Covington of the U.S. District Court for the Middle District of Florida, issued a remedies order in U.S. Securities and Exchange Commission v. Spartan Securities Group, LTD., et al. The penalty phase has now been completed, with Judge Covington entering a much less severe penalty than the Securities and Exchange Commission (SEC) sought. Defendants Spartan Securities Group, Ltd., Island Capital Management, Carl Dilley, and Micah Eldred still plan to contest one count on appeal.
After a 12-day jury trial in July 2021, verdicts were returned in favor of the Defendants on thirteen of fourteen counts pled by SEC, a fact the Court recognized in its Order. Despite getting trounced by the jury, SEC sought a series of aggressive penalties that, under the facts and circumstances of this case, were outsized, not legally available, or else violated traditional equitable considerations. NCLA successfully reduced the civil penalties by more than half for all Defendants and successfully defended against the SEC’s request for tier three penalties. NCLA also successfully argued for a reduced disgorgement calculation. And NCLA prevented entry of permanent injunctions and permanent penny stock bars for the individual defendants.
Importantly, the Court recognized at oral argument that the injunctive relief SEC requested was too wide-ranging. Despite SEC’s belated attempt to narrow the injunctions against Defendants Dilley and Eldred, the Court found that some of the language remained “too broad or vague.” The Court cabined those injunctions to only the conduct that was “sufficiently specific and tied to the misconduct at issue.” The Court also recognized that SEC’s continued reticence to deduct business expenses from its disgorgement calculation was both “unfair and inconsistent with Liu [v. SEC].”
NCLA released the following statements:
“SEC should never have brought this case. Legally and factually, its theory of liability was, at best, strained. That view was substantiated by the jury’s repudiation of 13 of 14 counts last summer—including the complete exoneration of one defendant—and the Court’s substantially reduced remedies order today. Too often in the SEC context, accused defendants are unable or unwilling to defend themselves. NCLA’s clients have shown that it is possible to take on the SEC and hold them to their proofs. We look forward to the appeal.”
— Kara Rollins, Litigation Counsel, NCLA
“SEC’s intransigence has not served it well. Its policy of insisting on permanent bars and injunctions, on outsized damages and penalties, and an agency attorney’s arrogant statement to one of our clients that ‘we don’t make charging mistakes,’ has been completely exploded by this action. Failing on 13 of 14 counts, and having your remaining monetary requests reduced by half, falls below the Mendoza Line even for the Administrative State’s lax grading curve. This case provides a road map for those unjustly pursued by the SEC. Even the scraps left to the agency by this Order are seriously threatened on appeal by its tenuous basis in law.”
— John J. Vecchione, Senior Litigation Counsel, NCLA
For more information visit the case page here.
ABOUT NCLA
NCLA is a nonpartisan, nonprofit civil rights group founded by prominent legal scholar Philip Hamburger to protect constitutional freedoms from violations by the Administrative State. NCLA’s public-interest litigation and other pro bono advocacy strive to tame the unlawful power of state and federal agencies and to foster a new civil liberties movement that will help restore Americans’ fundamental rights.
https://nclalegal.org/2022/08/judge-enters-reduced-penalty-for-ncla-clients-exonerated-from-excessive-sec-charges/
Imagine finding the Endurance and the Sammy B………
This is an amazing documentary.
Billionaire Explorer Reveals Lost Treasures of the Wonder Ship
Between 2019 and 2020, an explorer in the Bahamas scanned a 17th century shipwreck using over 8,000 underwater metal detectors. As a result, he literally struck gold, big time. This week a new museum exhibition opens featuring the lost treasures of the ill-fated vessel dubbed “The Wonder.”
The Nuestra Señora de las Maravillas (Our Lady of Wonders) was an 891-ton, two-deck Spanish galleon armed with 36 bronze cannons. Serving as part of the 17th century Spanish Tierra Firme (Mainland) fleet, “The Wonder” departed from Havana, Cuba, on the 4th January 1656 AD heading for Spain. However, chaos unfolded when she collided with her own flagship only half an hour after leaving Cuba and the ship sank rapidly.
In 2019 the Bahamian government granted Allen Exploration permission to explore the wreck that covers an area of 13 kilometers (8 miles). Allen, who is something of a Tony Stark in the Bahamas, launched a network of 8,800 underwater metal detectors, known as magnetometers, to scan the expansive wreck site.
Allen explained that treasure hunter Robert Marx “heavily” salvaged the shipwreck in 1972, and it was again given a good “pummeling” in 1986 by Herbert Humphreys. Until now, historians generally agreed that the wreck had been all but lost, or “pulverized.” Allen’s recent treasure recovery operations, however, uncovered a hoard of hitherto untouched treasures from the Wonder ship.
Read more here.
https://www.ancient-origins.net/news-history-archaeology/wonder-ship-0017088
Pulaski exhibit news story from a few days ago…….
https://www.wsav.com/video/ships-of-the-sea-museum-offers-pulaski-exhibit/7869624/
The Race to Preserve Treasures From a Legendary 17th-Century Shipwreck
https://www.smithsonianmag.com/history/inside-the-race-to-preserve-treasures-from-a-legendary-17th-century-shipwreck-in-the-bahamas-180980492/
https://www.allenexploration.com/
Chasing Shadows: Shipwrecked Mail from World War II
Dr. Sean Kingsley who researched the Gairsoppa shipwreck finds tells the story of a letter reunited with the recipient's family almost 80 years later.
Just when you think you’ve seen all the secrets under the sea, a shipwreck slaps you round the face with a fish. When Odyssey Marine Exploration, the US pioneers of deep-sea exploration, went hunting for the SS Gairsoppa British-India steamship, nobody expected the unexpected.
The ship was heading from Bombay to London with silver, tea and iron, research showed, to keep the war machine turning. Just finding this needle in a sand dune, sunk by a German u-boat 300 miles southwest of Galway on 16 February 1941, would be a miracle.
https://www.postalmuseum.org/blog/shipwrecked-mail-from-wwii/#
Dr. Kingsley appeared in this documentary, as did EXPL CEO Micah Eldred, that was produced a few years ago.
The science that brought these letters back to life was discussed in the documentary.
Explorer Micah Eldred found the SS Pulaski wreck......
site in 2018.
Patti Callahan's novel “Surviving Savannah” was released on March 9, 2021.
And on a sultry summer evening, this most talented duo engaged in a conversation, and we were privileged to listen in.
https://www.blufftontoday.com/story/lifestyle/2022/07/06/harrell-rising-surface-scarbrough-house/7712522001/
Endurance Exploration Group, Inc. specializes in historic shipwreck research, subsea search, survey and recovery of lost ships containing valuable cargoes. Over the last 10 years, Endurance has developed a research database of over 1,400 ships that are known to be lost with valuable cargoes in the world's oceans.
More on the discovery of the "Sammy B"......
The World’s Deepest Shipwreck Was Just Discovered Nearly 23,000 Feet Under the Sea
Despite inaccurate historical records, the team was able to pinpoint the wreck through a combination of exhaustive research and a series of six dives. The search also involved the use of a bespoke side-scan sonar system built by Deep Ocean Search that is capable of operating at depths of up to 36,000 feet. Caladan believes this is the deepest side-scan sonar ever installed and operated on a submersible, which makes this a significant technical feat, too.
https://robbreport.com/motors/marine/worlds-deepest-shipwreck-sammyb-1234694427/amp/
NY Times Best-Selling Author Patti Callahan Joins Ships of the Sea Maritime Museum and Shipwreck Hunter Micah Eldred to Launch New Exhibition
Rising to the Surface: A Summoning of Savannah’s Titanic explores the tragedy of the SS Pulaski explosion
June 14, 2022 SOUTH MAGAZINE
https://www.southmag.com/new-york-times-best-selling-author-patti-callahan-joins-ships-of-the-sea-maritime-museum-and-shipwreck-hunter-micah-eldred-to-launch-new-exhibition/
Tomorrow’s opening event is SOLD OUT! I got my ticket.
https://www.eventbrite.com/e/opening-reception-rising-to-the-surface-a-summoning-of-savannahs-titanic-tickets-334805150217?fbclid=IwAR1gmTOQLWmHnSVUd2tCL34Shs5_aZ0jvwvQfmBHZITzst6fT14ypqCJlnc
On the night of June 14, 1838, the steam packet Pulaski exploded killing families from Savannah and Charleston, along with enslaved individuals, seamen, and a former U.S. Congressman.
184 years ago tonight at appx 11:05.
The Great Ships - The Documentary Zone
High-resolution sonar image of the steamship Connaught......
The ship lies upright in approximately 600 ft. of water off of the New England Coast.
A recovered Chinaware logo of the “Atlantic Royal Mail Steam Navigation Company, Ltd.,” colloquially known to passengers and the public as the “Galway Line” and owner of the Connaught . The artifact was recovered from the wreck site in August, 2015.
THE SB PULASKI: A STORY OF TRAGEDY, ROMANCE AND TREASURE
by Ellsworth Boyd | Aug 3, 2021
Salvage divers searched many years for the paddlewheel steamboat, but it wasn’t until the summer of 2018 that a surprising discovery was made by Blue Water Ventures International, a company out of Jacksonville, Florida. Partnered with Endurance Exploration, Clearwater, Florida, the salvage teams used high tech sonar with cutting edge transducers to pick up a debris field that was missed in the past by other subsea operators. Broken in two when it sank, the boat left a long trail of flotsam and jetsam far offshore, not far from the Gulf Stream. Searching a mile beyond the original recorded wreck site, divers found the boat’s stern and keel in 115 feet of water. Another large pile of wreckage was detected two miles to the south.
Gold chain belonging to one of the passengers was found on encrustation from the shipwreck. Credit: Blue Water Ventures International
https://numa.net/2021/08/the-sb-pulaski-a-story-of-tragedy-romance-and-treasure/
Project Connaught ~ In October 2014, we positively identified……
the location of Project “Sailfish,” the Steamship Connaught through sonar imagery and video footage. In July 2015, we were granted exclusive salvage rights by the U.S. Federal Courts. We returned to the site of the Connaught to begin salvage efforts, and retrieved the first artifacts from the debris field.
Our salvage operations were temporarily hampered by the discovery of a mass of man-made debris and large commercial fishing nets concentrated around the aft section of the wreck. We have determined the appropriate equipment and methodology to clear these obstacles, and intend to return to the wreck site with these new tools as soon as practical.
Our Voyage Across The Treacherous Southern Ocean……
Pulaski Shipwreck Exhibit June 22 - Dec 31...........
Ships of the Sea Maritime Museum Savannah Ga.
https://www.shipsofthesea.org/events
The Hidden History in Savannah’s Museums…..
How one writer shaped her new novel with access to Georgia’s ships, silver, and journals
By PATTI CALLAHAN
Pocket watch discovered in the wreckage of the Steamship Pulaski by the Endurance Exploration Company.
As a novelist, I have long been fascinated with finding the hidden stories instead of retelling the known stories. Hearing an untold story is like having a great secret whispered in your ear.
I’ve learned that sometimes, to find those hidden stories, I need to log off the computer and walk through the doors of history centers and museums. When I first started my research for my new historical fiction novel, Surviving Savannah, which tells the tragic tale of the grand Steamship Pulaski and its sinking off the coast of North Carolina in 1838 with an elite Savannah family on board, I had trouble finding the information I needed.
I was seduced by the mythology of Savannah, but I needed the truth as well. Savannah is a powerfully mystical city; its history and legends embed in every grey brick wall, every tourist carriage tour, and every emerald park square. But to discover a fuller truth, I needed to immerse myself in the artifacts, education, and exhibits of some of Savannah’s museums.
My novel is about the Titanic of the South, so I began at the world of sea-goers, adventurers, and pirates—the Ships of the Sea Maritime Museum downtown. This gem of a museum with the largest private garden in the historic district resides in the 1819 William Scarborough House and Gardens. Along with paintings and maritime antiques, I found finely designed models of the Steamship Pulaski, RMS Titanic, and the Anne, which brought the first settlers to Savannah. Stories of the sea fill nine galleries, and entering these halls brings the maritime world to life in a way that even a novel can’t do. “The artifacts chosen for an exhibit should have a purpose and move the story forward,” director Wendy Melton told me, “just like characters in a book.” And they do.
Next, I visited the Telfair Museum’s Owens-Thomas House and Slave Quarters. I wanted to unravel the mystery of some silver flatware that had been discovered at the bottom of the sea with the Pulaski wreckage—who were the owners and what were the engraved markings I didn’t understand? I expected a quick visit and an education on 1800s silver, but what we expect and what we get are rarely the same thing. Along with the education of silver markings, I discovered the earliest intact urban slave quarters in the South. Fourteen enslaved men and women had lived on this property in 1840, and the museum had not turned away from that truth. “Sometimes we’ve told the mythology to ourselves,” director Shannon Browning-Mullis says. “Now instead, let’s tell a whole inclusive story that really talks about where we came from.” There are three Telfair museums, all connected to Mary Telfair, who bequeathed her house to the Georgia Historical Society in 1875.
I still sought papers to read for an honest reckoning of the night the ship sank. For that, I needed to visit the Georgia Historical Society research library, which is open to the public and boasts a fascinating and informative online presence with a newsletter and digital events. If you like quiet reading rooms with gooseneck lamps forming little puddles of light on library tables while you’re surrounded by ancient books, this is your place. When historical novels come alive in a reader’s heart and mind, the author has usually been digging through folders and boxes to find such things as yellow-edged journals in tight script handwriting—the treasure troves of history. Studying at the society is like falling through time. When I read the handwritten and graphic accounting of a woman’s calamitous five days and nights at sea, I shivered at her line, “We slept soundly until awakened by the most appalling sound that is only equaled when the thunderbolt strikes near.” And I knew she would narrate my novel. An educational and research institution, the society’s collections reside in the stately historic 1876 Hodgson Hall—poised grandly on Whitaker Street overlooking Forsyth Park, it keeps watch over Savannah’s lived history.
If stories make us who we are, and I argue that they do, there is so much more to the magical city of Savannah than just its riverfront beauty; its Southern history resides in the hallways and galleries of its museums.
Patti Callahan is the author of Surviving Savannah, an historic novel out today.
https://gardenandgun.com/articles/the-hidden-history-in-savannahs-museums/
Rare NGC-certified 1830 Quarter Eagle Realizes Over $200,000 in January Auction
A high-grade 1830 Quarter Eagle certified by Numismatic Guaranty Company™ (NGC®) was the top lot in Auction 55, presented by St. James’s Auctions. This rarity realized £168,000 (about $227,600), more than doubling its estimated price on January 26, 2022.
https://www.ngccoin.com/news/article/9860/1830-Quarter-Eagle-St-James-2022-results/
For the record, the Pulaski yielded an 1834 65+ PL quarter eagle this past year. Is that also a $200K+ coin?
Chad Bonin - Training and Preparation for Endurance22.......
Ernest Shackleton's Endurance ship found in Antarctica after 107 years
More than a century after it sank off the coast of Antarctica, polar explorer Ernest Shackleton's ship HMS Endurance has been located, apparently intact and in good condition.
The ship, which sank in 1915, is 3,008 meters (1.9 miles or 9,842 feet) deep in the Weddell Sea, a pocket in the Southern Ocean along the northern coast of Antarctica, south of the Falkland Islands.
https://www.cnn.com/travel/article/ernest-shackleton-endurance-shipwreck-found-scn/index.html
How Did Shackleton Survive The Endurance Expedition?…….
Endurance Exploration Group, based in Clearwater, has entered into a joint venture with Global Marine Archaeological Research LLC, the companies announced Monday.
The venture, Caird Exploration Inc., will be 50 percent owned by each company. Endurance (OTCMKTS: EXPL) will issue 12 million restricted shares of its common stock to the venture in exchange for its ownership interest, the announcement said.
The joint venture acquires the rights to a number of deepwater historical shipwrecks. Global Marine will transfer all of its rights, title and intellectual property including sonar data, photographic data, research, agreements and all other intellectual property relating to the shipwrecks, which were previously located by the company.
In addition, Endurance has acquired a General Dynamics Bluefin 12 Autonomous Underwater Vehicle, which is capable of conducting side scan sonar surveys, photographing targets, and conducting other sensor surveys in depths up to approximately 5,000 feet of water. The vehicle will be used by Endurance for future survey missions. The replacement cost for a new Bluefin is estimated to exceed $3 million.
“This series of transactions immediately provides EXPL with a number of already located, potentially valuable, shipwreck salvage projects that considerably expands our growing portfolio of known wreck-sites," said Endurance CEO Micah J. Eldred in the announcement.
Project #3 ~ North Carolina
Captain Jimmy Gadomski working the area around the SS North Carolina. It's covered in sand, this is where the Blue Water Rose blowers really help our divers uncover a large area to search. Mother Nature keeps these guys in their fins!
https://www.iflscience.com/editors-blog/extremely-valuable-gold-coins-resurfacing-from-19thcentury-shipwreck/
Project #4 ~ Somewhere off the Virginia Coast
Blue Water Ventures International, Inc. and project partner Swordfish Partners, LLC are pleased to report the start of the 2020 dive and recovery season. The recovery vessel Blue Water Rose is now on her way to Virginia Beach, where the crew will dive to recover samples from a 1911 wreck site. BWVI anticipates a ten-day window to complete the survey and recovery of samples.
Update: Here's a video link to the Merida site survey https://www.facebook.com/EnduranceExplorationGroup/videos/2770966456514804
The Leviathan Multi-tool
The "Leviathan" multi-tool salvage system will finally be wet tested down to a depth of 4,000 meters this coming week. The system is designed to be capable of working in up to 6000 meters of water depth and is designed to handle up to a 20 ton lift. The system is capable of hosting a multitude of subsea geophysical sensors, such as 3d sub bottom profiling, high resolution scanning sonar, ferrous and non-ferrous metal detection systems, and high definition camera systems that relay data back to the vessel in real time via its fiber optic connections. We look forward to putting this tool to use in our shipwreck salvage activities.}
Endurance Exploration Group, Inc and its Subsidiary, Caird Exploration, Inc., Have Entered into a Contract for Deep Water Film Production and Exploration Project (with the History Channel).
https://finance.yahoo.com/news/endurance-exploration-group-inc-subsidiary-134000866.html
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