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Emerald treasure a hoax
Today's newspaper Headline.
Judge calls it: Emerald treasure a hoax
http://keysnews.com/
" With Miscovich dead, the lens turns to federal law enforcement authorities and what will become of Elchlepp and other alleged members of the scheme.
exBex, I would advise anyone that wants to know the outcome of the trial to buy tomorrow"s ( Thursday's ) Key West Citizen Newspaper.
The Jeweler that sold Jay the emeralds was on the witness stand today.
My understanding is that Jay bought Gems from the Jeweler on 4 different occasions. Paying $20,000 each time he made a purchase. I believe the Jeweler also got an anonymous phone call saying that if he ever told anyone about the purchase that his life would be in danger.
So it would appear that Jay paid $80,000 for emeralds valued at $50,000.
Just my personal opinion
What Facts are you referring too???
If you are referring to site #3 being a Treasure Wreck?
Yes, It is a treasure wreck according to the original finders of the wreck and the experts that have examined the artifacts taken from the wreck years ago.
If you are referring to the permit for site #3???
Yes, a permit has been applied for at site #3. The State will confirm that Fact.
I had a meeting with KK the other day. I found the man to be straight forward in answering any questions that I ask, and before anyone asks? I did not ask for any information that is not already public knowledge nor was any given.
My suggestion for anyone that wants answers about SFRX? Go to the Company and ask them, you might be surprised and get some good insight, instead of getting opinions on a message board.
Just my personal opinion
Emerald Trial Yesterday!!
http://keysnews.com/node/52894
I was at the Trial Today and spoke with Jay's Emerald Expert. Jay's Emerald Expert told me that that she appraised the emeralds over a year and a half ago at approx. $50,000. Which is the same appraisal as the Fisher's Expert. She basically told me that she told Jay and his attorney that the emeralds were garbage emeralds.
I ask her if there were any valuable emeralds and she told me NO. I then ask her about the gold particles that were suppose to be found on some of the emeralds and she started laughing.
I ask her why she was laughing and she told me that fine gold particles are found on almost all Gems in a Jewelery store because Jewelers make Jewelery and cut gold in their stores.
I was told by one of the Attorney's that the Fed's have issued approx. 4 target letters to people so that they know they are under investigation and that the Grand Jury is investigating the emerald case. 2 of the people whose names were mentioned were Steve Elchlepp Jr. ( Jay's Partner ) and Scott H. of ORRV fame.
I do not know that to be a fact it is only what I was told, but I do know that Steve Elchlepp Jr was on the witness stand yesterday and invoked his 5th Amendment Right not to testify.
Only my personal opinion
allyboys1,
sctts, Makes Perfect Sense to Me.
Why would anyone sell with a Treasure Wreck within reach of SFRX???
SG, I Would think that it would have been pretty obvious to KK that if there was turtle grass at the site, that a salvage permit would not be issue. I would also think that an exploration permit would not have been issued if turtle grass was present.
Since this wreck is not right up against the beach, I doubt very much that turtle migration would even be an issue.
There are many ways to do a salvage job. You also mentioned sediment dumping? I think that the Army Corp of Engineers would have mentioned if that was a problem.
If anyone has concerns about any of the above. Why not call KK for an answer to those questions? That would be the logical thing to do in my opinion.
Hookhand, Someone is doing something. If I remember correctly from reading UNDR's SEC filings. UNDR has one paid employee. It's Herbert.
I guess as long as he's getting a pay check, he doesn't have to do anything else.
Just my personal opinion
trueblue, It is possible that that happened at Woman Key.
trueblue, The whole episode about the emeralds is a shame.
exBex, That's the million dollar question, isn't it?
allyboys, I believe the Trial starts a week from Monday. I am sure that we should have the answer to most of our " Who Done It." questions by the time the Trial is over.
Personally, I doubt that there will be any questions asked about Scott H. or ORRV at the Trial, but who knows ?
Many things can happen after the Trial. ie... FBI may or may not do something. ORRV shareholders may or may not have a case for a class action suit over the money they lost over the emerald case?
Someone may or may not go to Prison ? Personally, I would hate to see anyone go to prison, but that is just my opinion.
allyboys1, keep us posted about what happens at the Trial and I hope you and your family have a Happy New Year.
BiSer, Happy New Year to all SFRX investors. I also think KK is doing a Grat Job. He has obtained to 2 salvage permits from the State of FL recently.where none have been issued in over a decade. Now I call that a GREAT ACCOMPLISHMENT. He is waiting on getting a 3rd salvage permit on a site that many experts believe is a good Treasure Wreck.
It took Mel Fisher around 17 years to find the Atocha. " If I remember correctly?" How long we been waiting on a permit for site 3? 1 year?
Big Deal. It's not like KK is looking for the Treasure Wreck. I believe it is found, I think that is the hardest part in this industry.
Here's to KK and SFRX. Happy New Year. To me the New Year already started of Great. I'm keeping warm in Key West and not freezing up North.
I Believe this is KK's Year and I wish every the best.
Just my personal opinion
Neb, Keep us posted on the Division and the Lawsuit.
Should be interesting to see what happens.
Merry Christmas
theslybat, I am impressed with the PR. I am impressed because it shows that SFRX is doing what no other Treasure Salvage Company has done in over a decade.
SFRX has gotten every permit approved that they have applied for so far.
That is HUGE.
Yes, to anyone that reads the PR says JUNO. Not site #3. However, it is another permit that KK has gotten approved. So far KK is batting 1000%.
Merry Christmas to Everyone/
northofadollar, Well Said. You sound just like Santa Claus and I hope you put site #3 under my Christmas Tree.
Capt Billy Found Treasure. I can't wait for the Division. I want to buy a coin and help fund any Legal Proceedings that DPBE is going to take.
LG, I don't know about a take over, but there should be one if this POS is ever going to do anything.
UNDR hasn't done anything since day one. They only ever had ONE employee and that was Herbert. My guess is that he will continue to milk this for a pay check.
Just my personal opinion
trueblue, I think what he means, is that anyone having knowledge of the emeralds being "bought" or enhanced and tried to scam investors. Are probably looking at civil as well as possible criminal problems down the road.
I also think that he meant that since at least one person was trying to get immunity from prosecution from the FBI, that perhaps we will find out what really happened from testimony in the upcoming Trial in January.
I hear that the FBI has been making the rounds and talking to people.
Just my personal opinion
G Bert, I think the best thing that ORRV could do at this point would be to sell the Company to someone that has a wreck to work. That would accomplish two things.
It would put a small amount of money into Scott Heimdal's pocket before ORRV ends up as a Gray Sheet and isn't worth anything.
Number two it might add some value to stock holders shares, if someone is working on a wreck. ORRV apparently hasn't been working on anything of value. We found that out from the Emerald debacle in which Court filings say the emeralds were bought.
The only thing that is going to help this company is new management and someone that knows how to hire people and look for Treasure.
I personally don't think a Mod has anything to do with finding treasure
SPRC_OPS, Sorry to see you go, but I know you will be here to celebrate when site #3 comes on line. Good Luck and Have a Merry Christmas.
Big volume today. Maybe it was a XMAS Present for someone.
The Treasure DPBE Recovered is Verifiable I posted where to verify it. If you don't want to verify anything ? So be it. It doesn't mean that that the answers aren't there for those that want to find it.
waterchaser, I don't expect you to believe anything that is posted here.
What I can advise you to do is to find out the Truth for yourself.
There are two ways that you can do that.
#1. And the Best way would be to call the DR Government Conservation Lab in the DR. I've visited it, but I don't have the phone number. I am willing to bet that Capt Billy or Neb could provide it.
#2. Contact the owner of the other Treasure Salvage Company that has a permit for the South Coast of the DR. That Company has an office in Tampa and it is not Odyssey Marine. I can PM you the number on Friday if you want it.
I can tell you this. Capt Billy has found and recovered Treasure. That is the truth. What ever other problems they may have? I am not privy to them.
waterchaser, I was told that Deep Blue Marine has been working on treasure wrecks and did recover treasure. I was given this information by someone that owns another treasure salvage company in the DR that I have stock in.
I was told that DPBE's treasure was seen in the same conservation lab in the DR, that cleans the artifacts and treasure of this other company.
I was also told that they tried to hire Capt Billy to work for their company, but Capt Billy declined. I was also told that DPBE is waiting on a Division of Treasure the same as the other company. I don't know anything about DPBE's funding or anything else. All I do know is that Capt Billy and crew did find Treasure.
Is DPBE diving for Treasure right now??? I doubt it. It is the off season and the other treasure hunting company isn't diving, so I doubt that DPBE is diving right now, but I don't know for certain, because I haven't ask.
The Truth has already been uncovered.
DPBE is a Treasure Salvage Company. They have recovered Treasure on Wrecks that Capt Billy Found. Now that is what other Treasure Hunting Companies wish they could do.
I only know of two currently recovering Treasure and they are both in the DR. End of Story.
What people need is the Truth. Not misinformation. DPBE is on a Treasure site and has been recovering Treasure. End of Story
More Misinformation !!!
More Misinformation !!!
Could someone explain to me why SFRX would need to issue a PR ( and spend more shares of stock to a stock promoter. ) before they get a permit for site #3 or find Treasure on one of their sites???
The last time I checked this was a Treasure Hunting Company. I was under the impression that most of us are waiting for Treasure News. I personally don't expect to see a PR before their is some Treasure News.
wlfr01, Since it is the Christmas Season. Let me play the Grinch and put it in terms that most posters would understand. If SFRX got the salvage permit for site #3 and found a Chest full of Gold before Christmas? I don't think everyone would be happy.
Personally, I think SFRX will get the permit at some point, we will see some fantastic treasure brought up on deck. Everyone has an opinion and they are entitled to their opinion. (BUT) Like my dear departed Father used to say. " If they don't pay your bills, does it really matter what they say."
I hope everyone has a Merry Christmas.
BUCC, Let's deal with some Facts. First of all. All Stock Promoters dump their stock none of them hold onto it.
Now Let's talk about the wreck sites. SFRX did not find those wrecks.
KK was sold a story about the first two sites. He had no reason not to believe what he was told. He did have an obligation to investigate both of those sites to see it they were Treasure Wrecks. He did that. Remember this is a tough business and not every wreck has Treasure on it.
So sites one and two appear to be a bust? So what ? KK investigated those sites based on what he was told. Other Companies dove on both of those sites and did not think they were Treasure Wrecks.
Now let's look at site #3. Another Treasure Hunting Company has dove that site. They think it is a Treasure Wreck, but were unable to obtain a salvage permit because of the pencil neck archeologists employed by the State o Florida. KK has obtained permits where no one else has. I also think he will get a permit for site #3. I also know creditable divers that have been on that site and say it is a Treasure Wreck.
You have Jim Sinclair and Dr. DeBry saying it is a Treasure Wreck.
This is a Great Lottery Play. No one's opinion is worth more then anyone else's. But I am in on this one. "IF" this permit comes thru and I think it will. This will be a HUGE HOME RUN FOR INVESTORS.
Just my personal opinion