Today is a perfect example of how this stock can be hard to buy. A buyer came in with the ask at .0060 and tried to buy 100,000 shares. We're not talking a lot. Only 100,000. He got 20,000 shares and the ask moved to .0074. Pretty big jump for 20,000 shares traded ($120!!) He sat on the bid at .0060 for HOURS. Nothing. Now he has raised his bid to .0065. And still no takers at this moment.

I'm not saying he won't get filled. Or that he wouldn't even get filled at .0060. Maybe he would have. But, when you want to buy, if there are no sellers, you have to pay up. And they move the ask up with every little buy. And this is my point ...

When (and if) we find major treasure on site #3, there WILL be a LOT more than $120 of buying going on. And even though people may be buying at the ask instead of sitting on the bid that day, I see it moving up over and over and over again as people try to fill. Hey, this guy came in AT the ASK. When he placed his order, it was .0052 bid at .0060 ask. He still only got 20,000 shares! And then they moved the ask away from him.

I see all the fence sitters, waiting to hear the news of treasure found before they buy, PLUS the MULTITUDE of people who know nothing of this stock but will see it on the hot charts or in the news when treasure is found, all buying, all trying to get shares at the ask, and all pushing it against each other. Which is why I have said there is more risk being out of this stock while waiting than being in it, IMHO. Getting in may turn out to be impossible if great news is delivered. And a market order placed in frustration of not getting some asks could end up with a huge price paid on that day. Still a winner, as being "in" for the following few weeks would be a rising situation (Again, IMHO), but I don't think if they announce treasure people will be buying in at .008 or .009 instead of this morning's .006. No, I think the jumps will be fast and furious, and it will blow through some points QUICKLY. of course, we still need to find TREASURE for all that to happen, but I think they FINALLY are on the right site and shall find it.

Just my opinion.

The 41% rise in price today (Not closed yet, but at this time) is on a total invested of a little less than $20,000. Imagine what will happen when we say we hit a large motherlode and BIG money comes in?

I still believe we ARE on a MAJOR treasure, per independent reasons, and I also believe those waiting on the sidelines to buy AFTER the news hits are going to be shocked at how fast the stock will rise. If 50 people (Not a lot really, if we hit TREASURE) want to invest $10,000 each (Not a lot of money) that is $500,000 wanting to get into this stock. versus $20,000 wanting to get in today. I see a large rise, and go on record as saying those that are waiting SHALL miss when the news comes out. Unless you are at our computer right then, you will come back and see a rise that puts you into a small depression, if you are waiting to buy.

Just saying my opinion. But I'd lay money that it is correct. Oh wait - I HAVE laid money into saying it is right. By buying shares down here. (last week and yesterday, not today. I'm not the buyer pushing it today. new blood. And glad to see it!)

Now we see how much of this we HOLD today. Might stay here, but might pull back near the close, as it has done the last few days. Still good to see it rise so fast on so little though, even if "today" it doesn't hold.

Almost missed this move. Didn't see the drop. trying to add now. I truly feel they ARE in a treasure site, so these prices will give me a great return in the future when they announce they have hit something significant.

When it finally starts to go up, I'm figuring I will grow by over $100,000 for every PENNY we move up. That sounds nice to me.

"Before that happens SFRX has to apply for a review ..that has not happened yet per the state... "

Then you are talking to the wrong person at the state.

My fishing pole is now so far away from the "fish" (GTC order at .0047) that I may have to move it to a better spot to catch some shares. Sad, as I don't want to pay more if I don't have to, and would get more shares for my money at the lower price, but also good for the shares I already own. A catch 22.

And the ask still looks WAY thin. Moves too fast to catch when you want to buy shares. Imagine what will happen when they announce they have hit the motherlode?

Diving on site 2?? I thought they were 100% on site 3 this week. ??

May wander into my waters and allow me to do some fishing. I thought my shot was over when it moved up on such small volume this morning. Ask is thin.might be hard for me to get what I want. We'll see.

Yeah, right before I tried. But I'm on the bid at .0046 now, fishing with a decent line in the water. See if someone big wants to unload a little more.

If something good happens, it is a great deal at this price. But we have no idea what is going on, and so far the DR is resisting any attempts to force the division.

But - IF next week we get 5 - 10 new posters, all saying "this stock is great. going to the moon. Buy now" without any facts or reasons, and just fluff ... then we know the buyers now are preloading and going to do a P&D scam on the stock. I truly hope it is someone who has a little faith in the company and not one of these P&D groups that comes in for a week or two and tries to bag others into buying it so they can unload it. We'll know in a few days.

It IS nice to see it move up some though.

"get back to me please in 1 month with an update ;)

"

30 days of diving and 1 month are not eh same thing. At lest not in December and January.

Just don't want unrealistic expectations set by hearing someone thinks in 30 days of diving they will hit something. even if that is true, that might be ... March. Just depends on the weather.

Nice to see the bid rising on a daily basis. Up gain today, and with good buying. We dipped below .005 a week ago today, and now the bid is at .0065. That's good support, and a nice rise. Still not where we need it to be, but good to see the direction has changed.

I see us a 0 for 2, and about to be 1 for 3. Because this site is so different than the other two. I've stated why before, so won't go into that again. But we are FINALLY on a winning site, and NOW the talk is that we are in trouble? All this "if we go 0 for 3 ..." I say it is WAY too early to even mention this site being a bust. No one has said it is a bust, they HAVE firmly planted themselves over one spot, and although not able to work it lately, have a solid potential. We should be talking about finally getting a GOOD site, instead of all this talk about a site that is a bust. the odds ARE ever in our favor on THIS site. Just a matter of time and good weather.

And the stock moving up helps a little too.

mav,

"Wonder what they could be covering up I don't know-but I've got an opinion that I would share over a beer or two. All I can say- it doesn't add up. "

I've had the same questions. But I asked. Not this company, but another I am invested in. I'm sure the answer is the same.

it is not the cold water that stops them from diving. As you said, it is not all that cold. It is the waves. they are near the break, and it is not safe with high waves. the waves in winter change from the summer, and are bigger. they are dangerous to be diving in because they knock people around and no one can hold their position or work. they also can hit coral and such and get cut up. It the bounciness and rough surf that is why they say they can't dive as much in the winter as the summer.
Apparently the water is smoother in the summer, with smaller waves. And in some spots, it is also tough for the boats to be there. hey, that's why other boats SANK there. They hit bottom in these areas and get cut open and sink. So not safe the boats either in the heavier waves.

At least that's what I've been told. YOU probably know more about what they are saying than I do, since you dive, but they say they get wrecked themselves if they try to work the area in the winter.

More of a bump than anything else, but with all the negative thinking about the company and where we are right now, due to the low stock price, I think this still is worth reading. Hopefully. And I updated it with new thoughts on mine. So, my recent response to those saying site #3 is a bust or that the stock is down because we are 0 for 3. my OPINION.

I agree with you that they need to find something at THIS site. But I don't think it will take a miracle to do so. I still truly think this site IS a treasure site. I never said it for sites #1 or #2. Never invested as I watched them from afar and waited. If they struck something awesome at those sites, I would buy in hopefully before a lot of the frenzy, as I had my finger on the buy trigger, but I never bought a single share of SFRX while they worked sites #1 and #2. Never had enough faith in those sites to put my money in this company. hey, at least I'm speaking the truth! Now? Now I own a LOT of shares. I bought in based on THIRD PARTY people saying that this is a treasure site. I bought in based on PRIOR finds AT this site that tell ME there is a ship there. I bought in based on people IN the industry telling me this was a great find AND telling me a LOT about why SFRX received the site from Heartland and why a company would give up on such a great site. It took some convincing, and a lot of DD, but I bought in, because of my thoughts on site #3. Am I happy with that purchase so far? NO WAY. So far I am down ... well a LOT of money. But I also realize this. I STILL think this IS a treasure site. Would I be happier if it were at 2 cents right now and then went up 10 fold to 20 cents, versus being at 1/2 a cent right now and going up 10 fold to a nickel? ABSOLUTELY. A HUGE difference. And since I bought SO may shares at about 1.1 cents per share average (as of this bump update. I've been nibbling a little), I am quite upset TOO at the price today and wish it were at 2 - 3 cents. It is not.

But, I can't come to a conclusion that the company is striking out on site #3. I can't even say that it will take a miracle to find something. I CAN say that they are working what I feel is a KNOWN treasure site, they are searching HARD for the treasure, and "I" believe they WILL find it. So I'm staying put. Not happy, but staying put. I won't say the company is crap, as I do not believe they are. I also believe they ARE in MUCH better shape than before, even though before they were at 2 cents and even 4 cents per share. That was on the hope that sites #1 or 2 would perform. Like most sites, it was a long shot. But now? Now they are on a site that I feel will PROBABLY perform. NOT a long shot. And the price is at .5 of a cent? WOW! Way too low, IMHO. I wish they put out more PRs, but have learned to live with the lack of PRs they put out. So I'll wait until they are REQUIRED to put out a PR based on finding a huge horde. I believe they WILL eventually find what they are looking for, I believe it WILL be the Concepcion, I believe we WILL go up FAST and FAR, and I believe it is past due to HAPPEN (Although it may have to wait until spring now to really get worked, due to weather). And until it does happen, I, like many of you, will be unhappy. But I won't say they are not a good company, I won't say site #3 is a bust, and I won't say they can't find anything. ONLY because my basis of buying has NOTHING to do with KK telling me or anyone else here on the board anything. Nothing to do with past failures of SFRX. It has ALL to do with my FIRM belief that they LUCKED into this agreement with heartland and ARE on a treasure site, and it WILL be found. A belief agreed to by many in the know in the industry. So, IMHO they are just not successful YET. At site #3, NOT sites #4, 5, 6, etc. And I'll suffer until the day comes when they announce they have found it, and then watch as the stock goes up probably amazingly fast. Faster than people think it will. And if they don't find treasure here? Hasn't entered my brain yet, as I am too positive it IS there, based on my THIRD PARTY DD, and now just needs time to be unearthed.

My advise? (worth absolutely nothing, but I'll say it) -- Be patient. Be unhappy, but be patient. Give them a shot to find it. If they do, your LIFE will be changed. If they don't, then yes we all lose, and unfortunately I am WAY overloaded on this stock, based on my beliefs of probability of success. Be patient. UNHAPPY - but patient. That's all I can keep repeating. Because I firmly believe in the site.

""a picture is worth a thousand words. On this posting site a thousand words plus seems to never be a problem on a daily basis. So the pictures please for everybody sake. "

I think it is because the 1,000 words posted on this site are posted from people who are investors or interested in the company. Not from the company itself. I can post a picture of treasure I've found if you want to see it. But it won't do you a bit of good for this stock, since I am not affiliated with the company, except as an investor.

You can't confuse people posting (Including yourself) as half the comparison of 1,000 words and then try to link it to the company saying that and not posting a picture. the company has said 0 words. Against my wishes and desires too, by the way, but still. No words from the company.

Gman, I agree with you that they need to find something at THIS site. But I don't think it will take a miracle to do so. I still truly think this site IS a treasure site. I never said it for sites #1 or #2. Never invested as I watched them from afar and waited. If they struck something awesome at those sites, I would buy in before hopefully a lot of the frenzy, as I had my finger on the buy trigger, but I never bought. Never had enough faith in those sites to put my money in this company. Now? Now I own a LOT of shares. I bought in based on THIRD PARTY people saying that this is a treasure site. I bought in based on PRIOR finds AT this site that tell me there is a ship there. I bought in based on people IN the industry telling me this was it. Am I happy? NO WAY. SO far I am down ... well a LOT of money. But I also realize this. I STILL think this IS a treasure site. Would I be happier if it were at 3 cents right now and then went up 10 fold to 30 cents, versus being at 1/2 a cent right now and going up 10 fold to a nickel? ABSOLUTELY. A HUGE difference. And since I bought SO may shares at about 1.5 cents per share average, then more when it wet down to a penny, then more when it went down to this level, I'm NOT able to buy more. I wish I could. It just isn't prudent. But yes, I am upset too at the price today and wish it were at 3 cents. It is not.

But, I can't come to a final conclusion that the company is a POS. I can't say that it will take a miracle to find something. I CAN say that they are working what I feel is a KNOWN treasure site, they are searching HARD for the treasure, and "I" believe they WILL find it. So I'm staying put. Not happy, but staying put. I won't say the company is crap, as I do not believe they are. I wish they put out more PRs, but have learned to live with the lack of PRs they put out. I believe they will eventually find what they are looking for, I believe it WILL be the Concepcion, I believe we WILL go up FAST and FAR, and I believe it is past due to HAPPEN. And until it does, I'll be unhappy, but I won't say they are not a good company. Just not successful yet. And I'll suffer until the day comes when they announce they have found it, and then watch as the stock goes up amazingly fast. faster than people think it will. People selling to buy back on good news? Nope, I don't think they will be AB LE to buy on any good news. So I don't trade it. I hold it. It has hurt so far, but I am set for when (If. I know) they DO find it. If they don't find treasure here? Hasn't entered my brain yet, as I am too positive it is there, and just needs time to be unearthed. I also believe they HAVE their third item, and will or even have applied for the salvage permit. Just because of the action of the boats being stationary for so long over one area. My advise (worth nothing, but I'll say it) Be patient. Be unhappy, but be patient. Give them a shot to find it. If they do, your LIFE will be changed. If they don't, then yes we all lose. But be upset about them not finding it, or not finding it YET, not because they are a "POS" company. they are not. And that hope will keep me here the entire time they are searching this site #3 - until they announce they have found it. then? then I'll meet you and Trueblue and Gregg and Lovethatgreen, NOAD, Lindy and the others down there for a celebration. I'm going in March for a week with them anyway. I've already confirmed with KK. But I'll be patient. UNHAPPY - but patient. that's all I can keep repeating. ONLY because I believe 1) in the site 2) in the company. IN spite of the current situation I'll ... be patient.

back to the sidelines of the board for me now.

dardar,

two responses from me in one day. rare.

"Just because I inherited some money doesn't mean I will start throwing it around without some dd. "

You seem like someone who might invest a fair amount in SFRX. I too have a larger amount than most in this company, even though I post rarer than most. And as one investor to another, I DO have a piece of advise for you BEFORE you buy any shares here. It has to do with that DD you mention.

Your idea to do some DD is a good one. And you know some people in the industry, so you know partly (None of us know fully how to do this) to tell the BS from the real deals. I have a suggestion for you.

Call Kyle and set up an appointment to meet with him, OR talk to him on the phone. You know what questions to ask. A small wide eyed investor asks "so, have you found treasure yet?" No. Ask about the operations. Ask about the sources for his attraction to site #3. Ask WHY someone sold him the rights to work site #3 (a valid question that you asked here). Ask why he takes no salary, and how he is surviving in the meantime. Ask about the abilities of the crew. Ask about the failures of sites #1 and #2, and why he thinks site #3 is different. Ask about the share structure. Those are all valid questions, and good DD. If you can do it in person, go ahead and do it in person. If not, he is good at talking on the phone. But ask him. then, from those answers, ask more questions, which will be specific to your thoughts and desires to know. When you are done, you will know enough to know whether you want to invest here or not.

Many here are throwing in a little money and hoping for a positive return. some of us are throwing in a lot more money and taking this as a serious investment, not a lottery ticket. I have nothing against those who play this like a lottery. We need them in fact. But that doesn't mean we all are playing it like that. You sound like someone who would put a serious coin into the pot. SO DO your DD, and talk to Kyle. And when you are done, let me know, and tell me what you think. If you need a good number for Kyle, PM me and I'll send it to you.

I hope that helps you.

DarDar,

I think you are 2/3 right. "site one was hyped and nothing. Site two was hyped and nothing. And site three now and again nothing"

I didn't think site 1 was super promising, and so I owned zero shares. I thought site 2 was scary to think positive about, so I didn't own any shares. Not one. I owned other companies in this industry, but never a share here. Then they said they were working to get site #3. And I owned no shares. then they finalized the agreement for site #3, and finally I started buying.

I truly believe, from the past, like you do "sites that are busts and have been proven as such for decades" that site #3 is NOT a bust. I believe it held treasure 15 years ago, they screwed up, and it still holds treasure. this is the FIRST time I have bought shares, and in hindsight I bought them too high, but I'll still hold on and wait. Wait because I believe in site #3. Not in sites #1 or #2, but I believe in site #3.

And I think to say that site #3 is again nothing is WAY wrong. Have they found anything yet? Well ... in reality we don't know. they may have found some things. They may not have. I don't think they have found the motherlode yet, but who knows what they have found, as they have not announced it. To say with definitive clarity that site #3 is a bust, is impossible to say. They are concentrating on one area. that means they have found something. What? W e don't know. So no one can say they have found treasure yet. And no one can say it is a bust yet. And since site #3 is so large, even if this spot they are focused on right now turned out to not be what they want, it STILL would not mean site #3 is a bust. Just that hey have to search more.

Again. I believe site #3 is a winner. A HUGE winner. But it doesn't mean the wreck is already found, or that it is easy to find. I disagree though that site #3 is a bust. Way too early to say that. So I'll hold. Watch it flounder. Then, if they DO find the wreck they are looking for , it screams up, and all is right. Unlike a regular company with a product, one that ebbs and flows like the tide, a treasure hunting company by design will fail 99% of the time. And succeed only 1%. but during that 1% of the time, they will find enough to overcome the rest. So I'm waiting for the 1% to happen. I still believe it WILL happen - on site #3. Something I NEVER said on sites #2 or #1. And that is why I have owned for the past six months, have ADDED at these lower prices (And am still down ... but waiting) and why I have sold ZERO shares so far. (ahem ... F15) I may be wrong. but I don't think so. So Ill hold. And when the news strikes of a major hit, I think it will scream up fast enough to not only make me good money but also so that those who are out and watching will all be fighting each other to get in, and NOT get what they want.

IMHO. really.

I've been trying to track that. My GUESS is that as of last night he had about 5.1 million more shares he could sell. today the volume is huge, and I think most probably is him, so we are getting closer and closer to the end of his selling. then we can move a little. And of course, if we announce any treasure finds, no matter who is selling what we move. that is still the end game. We will flounder until we find. Which is why I am holding. Waiting on the strike I feel is GOING to happen. Only on site #3. I'm in MUCH higher than this, but not panicking only because it is about that find, and in the meantime we will go up and go down and move sideways, but the find will be when we finally get a HUGE move.

I still say it IS there and WILL be found. My opinion.

"No one loves and then trashes a stock quite like you! "

I've trashed other posters on boards where I own stock. Because they came in with a pump and dump scheme, and started making comments about the company in vague ways and just not good investors. for ANY company. He is trashing someone who is working a technical chart on the company. I don't like technical charting myself, but don't trash them like I do the pumpers. They invest differently, and I'm fine with that. But that's more of what he was doing. I understand it.

Now we need a FUNDEMENTAL move, based on TREASURE.

And in spite of the weather not helping, when they are out they ARE out in the SAME spot, still working that same section where they have been for weeks and weeks. A GOOD sign.

You are partially right. The resistance and the spread will make it tough. but the spread was there last week too, and people buying at the ask are still up nicely. And here's the kicker.

If they announce they have found treasure, and lots of it, and I personally believe they are OVER TREASURE RIGHT NOW, then ANY price near here will be AMAZINGLY low. If they announce only 40 chests of silver coins and one chest of gold coins, which is not NEAR the manifest OR what has been found on other 1715 fleet ships, that would be about 30 cents per share in revenue for the company. revenue, not stock price. If they can generate 30 cents revenue, and maybe a 20 cent net, how would a price of 1 cent per share look then? Yep, amazingly low.

that's the thing that is the kicker on this stock. The trial? they may get some money, but not much if any. they already DID win, but the defendant is claiming he has no money. At least they shut him up. the chart? Another good potential to rise a little bit. But the chartists will flip; this when it hits their level, regardless of pending news of treasure, since they play charts and not fundementals. If they get lucky enough to have the news break BEFORE they sell, they will take a fundamental ride in addition to their technical ride. But without the news, they will make money and leave.

So I think you are right that there are reasons for the stock to not rise as significant as some think. But if the treasure news comes out, then all those reasons disappear in the glare of silver and gold, and we are literally exponentially higher than we are right now.

Silly me. I was wondering why at 7:05 there still was no activity on the stock when the market opened at 6:L30AM. Just now remembered. The time changed.

Last week it opened at 6:30Am. Starting today, it opens at 7:30AM. LOL

When you watch something open at 6:30AM day in and day out, you don't think of it opening at 7:30AM sometimes the first day after the time change.

without a little trust, I would think the only thing you could invest in would be some local real estate where you have control over the situation. (Something I'm big on by the way) Stocks require some trust and recognizing that if you are not on the ground or in the company that you must rely on others who are. For ANY stock. As anyone could be lying to you.

I'm fine with your not accepting it. Some will some won't. But those who won't normally don't buy into stocks, much less penny stocks especially. true?

I wish you the best with all your investments, and hope SFRX makes BOTH of us very happy and maybe even a little bit wealthy.

I'll verify it.

"where is the verification that the boats have been at one spot for an extended period of time? "

I hve someone who has SEEN them moving back and forth in the past, and didn't even SEE them some times. NOw, he has told me they are at the same spot. he is NOT a shareholder, but a realtor friend of mine who lives there. He drives by form time to time, not to see the boats, but in the course of life. And when he does, he is kind enough to check for me and see if they are out there. He told me they are no longer moving around., but THREE boats have been in ONE spot. Two real close to each other and one about 100 yards away.

I also verified it last time you asked.

No, I don't ask him for photos. But, his word is good enough for me, since he is looking FOR me.

Does that work for you, or is that not enough?

I have heard that too. "the sfrx researchers think there are a lot of gold coins on the shipwreck. " I didn't put it on my list though because I was just quoting that ONE manifest from that ONE port, and it had 71 chests of silver coins, and a few gold items but nothing of importance in gold. Other stops are supposed to have gold too, but since I didn't see a manifest of that I didn't include it. to me it would be the bonus on top. And a NICE bonus. HA!

That is the $200 million question. "if this is the Concepcion they are diving then TV will not be far behind". We know they stopped searching and started concentrating in ONE spot a few weeks ago. they have not left that spot since. MY assumption at this point is YES they have found a ship. The question is whether it is the conception, or the Schwartz, a fishing vessel with nothing on it but dinner plates for three crew members (I made up the name. Don't try to find the Schwartz!) If they are on some unknown and un-treasured (Is that a word?) ship, then we continue searching. If they are on the Concepcion, then it is a short matter of time until they get through the sand and clay and decking to get to the inside and we start loading chests on the Iron Maiden. But they ARE focusing on something, and only that something, so I don't think it is a bad assumption to say they are on more than a trail.

As for what would happen - I think (Now we are talking pure opinion) if they came up with chests of silver they would work it hard for a few weeks and try to get as much as they could Before they announce anything. They could be pulling silver cons NOW, but I don't think they would announce it until much is taken out. It will take years to get it all, like other ships, but if there is a concentration in one area they would work that area before they announce. And when it is announced, I see the stock going up exponentially with LITTLE ability to buy in for the first few days. I still think that the dollar amount found would raise this MUCH higher than people are mentioning here. I've put my numbers AND my rational (With numbers to back it) on here before, but won't repeat it right now. just say it will be huge per share, even at a billion shares, and that would make the price also huge. I'm not looking at 4 cents or a dime. Not IF IF IF it is Concepcion. And since it is not known yet, that is why we are below a penny still. If it is ... buy fast. First in, lowest price, IMHO. Or buy now, as I have done, because as I've also said before, I think the odds are too good and I'd rather be in early than TRY to buy in late. My opinion.

If memory serves me right, you are low on the number of chests. "They are after a wreck that was carrying 30+ chests of silver coins plus a lot of other treasures" The ship they are after (And there is no telling if the ship they are on now IS that ship, or another ship. Not until they start finding the items in the hold and can match them against a manifest) stopped at three or four stops before heading back to Spain and sinking. At ONE of those stops, the manifest says they loaded 71 chests of Silver coins. We don't have the manifests for the other ports, but the number of silver coins should be a lot more than just 31. If memory truly serves me right. HA!

The right discovery can give this company 40 cents per share REVENUE from the wreck. Plus much of that revenue would allow other searches to be funded. I think if they find what they re looking for that .04 per share in price is not even CLOSE to the reality of where it will go. Not with 40 cents of revenue coming in per share over maybe a two to three year period.

I don't see the trips coming as a realistic level. too much support in the .005 range. We might see a retracing back to that level though, if we can't get past this huge seller. But everything says when we hit the .005 area it firms up, the buyer goes away, and we don't seem to be going lower. Would love to see .015, and we might, but I'm waiting for the treasure to be announced and then MUCH higher anyway. they are FOCUSED on ONE site, and that means something good, IMHO. Just too much support to get to where you think it might go though.

The big seller is still there. He just took a little break. Let it ride back up a little to get a better price. that's smart on his part.

But, to sell, IMHO, is NOT smart on his part, as we are OVER SOMETHING. the boats are still concentrated on ONE area, and not moving. That hasn't been the case in the past. Now that it looks like we have found something, and the experts are still saying it is probably a treasure ship, WHY would you unload such a huge position? Why not be a little more patient and see what they have found? I know. this stock has been searching for YEARS< and found not much. I agree. But, it's like saying someone is running and running and running and not getting to the end of a race. Then, you SEE the tape ahead and know it must be the finish line, and you stop and quit right then and there. After all that running, the tape would be an INCENTIVE to you to CONTINUE. Not to sell out right before the glorious finish!

I still think (hence opinion, not divulging anything here from the company or as fact) we are at the finish line. We are over a MASSIVE treasure, we KNOW what ship it is, we KNOW much of what was on board, and we have FOUND it. Now we just need to dig it up! So ... why sell now?

Gotta love pennies. Whoever bought at the low on Tuesday is already up over 40%. And we haven't even started to run yet.

Of course ... gotta hate pennies. For the same reason. LOL

I believe they SHALL have to raise the A/S. Just because that is how they are funding until they hit the mother lode. I also believe they ARE on a treasure site, of vast wealth, and it SHALL be hit. Then, the price shall rise again. But, in that order. Just because it has taken longer to hit the chests and other items than hoped for, and the costs continue along as they search.

But, long term, I still believe in the treasure being on site 3. I also believe they WILL work on sites 4, 5 and 6, etc, over the years, but that doesn't mean I am giving up on site 3. Again, I believe it is real treasure and will be found.

All that being said, if I waited to buy, I could buy twice as many shares for the same money, as the price is so much lower. I bought early because I still say there is more risk being out than being in. When they announce they have hit it, it will spike and too many will be buying to get a decent price. But in hindsight, yes it would have been better to buy now than earlier. Just can't tell when they will hit It. And we drift lower Until they hit it. Then bang, up huge. But, until we hit it, dilution continues, price declines continue and we all moan and groan, including me. All I can do is wait until they hit and THEN talk about the good things.,

Either you believe, or you do not. I believe. So I hold. And STILL not happy witht he price, even as a believer. HA!

If you really want excitement about a court case that involves a treasure hunting company, no need to go back in history that far. A court case JUST ended with someone against another treasure hunting company, where Darrel Valentine was found guilty of libel and the next phase of punishment is set for November 5th or something like that. Exciting stuff. Ed Krajewski? Yeah, he too was exciting. But that was how many years (Decades) ago when that case happened? this is a 2014 case! I'll try to post a link later today showing some of the material from that case TOO, if we want to discuss court cases about people involved in treasure hunting and treasure hunting companies, like ORRV is.

Gman,

Per the company, they have a pretty unique permit. It says that even before they get the salvage permit that they can bring stuff up and they are still entitled to 80% of the finds. Just like after they get the permit. I think the difference is that the 80% is designated for them but not divided until after they get that permit. but it is accruing for them, which is great.

Now, as to getting the permit. Again, their permit is different than most in the past. I think the government wanted to streamline. It says they need to find three shipwreck items (they had two as of the PR a long time ago. I'm assuming (A bad word, I know) that they have the third one by now. They then submit the three items, and it should take 30 - 60 days to convert their permit to a salvage one. that's the difference right there. Although in the past it was a totally different permit, theirs was written so it will just convert instead of a true new permit having to be issued again. MUCH faster. I think the same new type permit was used for another company recently that is working north of SFRX.

One point on the three items. They have to be shipwreck items. Nails from the ship. Planks from the ship. Other things from the ship. Not items carried ON the ship. So that belt buckle we saw? Would not count towards the three items. it could have been thrown overboard, or been from someone who fell overboard, in theory, so not a shipwreck item. Even silver or gold coins are not shipwreck proof items per the requirements of the three items needed, even though obviously they are shipwreck treasure. But, again, I think once they settled over that one specific area that they found a REASON to settle over that area, and that reason should have at LEAST given them the third item needed to start the process. So I think (All opinion now) the process has begun, and we are waiting for the conversion.

And as we wait, we can dig and extract and pull up and send in all we want, and still will get 80% of that amount once the permit has been modified.

That's the way I understand it at least. Hope I'm not wrong ...

My opinion (Important word there) is that for weeks they were on the trail. Looking around and seeing what they could find. they seemed to be working in a line or sorts, but still scattered. then, a few weeks ago, they pulled two ships together and settled in one spot. then they puled the third ship off the trail, and it too settled on about the same spot (About 100 yards away)

Since then, all three ships have been in the same spot. All together. Not moving. Not searching elsewhere.

to ME (hence the opinion part) I think they finally FOUND the ship. They worked the trail, and then when they got to an amazing area, they stopped searching.

They have been focused on one spot for WEEKS now, and not moving. I think they have found something. I think they are pulling things up. I think they are being quiet about it until they get this hole at least somewhat cleaned out. I think things are moving forward very well.

That's my opinion. Based on the logic of what they did, what they are doing, and the lack of moving around any more. And the PR to say it? Dang, I wish they would put one out, but KK is just stubborn about not putting anything out until he wants to. When he does, it might be "We have found 14,000 silver coins, 3 gold coins (Okay, so not a lot. lol) and thousands of artifacts." Of something like that. A s opposed to "We have found a good spot. We have pulled up 50 coins, and think thousands more are down there." that would invite unsavory people to visit the site before SFRX could get it totally worked. So that is why no PR yet. Again, all opinion, but a logical based opinion based on the ships being still and all three sitting close together and not moving any more.

Awfully thin on both sides. But if good news comes out, it would move HARD with a lack of resistance. LOok how today with a little bitty volume it is busting a few asks. Of course, it could do the same on the bids too, but at least the ask is no longer heavy.

The key is ... NEWS! We need some news from the site. Even if it is just that they have the 3 pieces needed to ask for conversion of the permit. SOMETHING. News!!

We ARE concentrating on finding treasure. We have three ships over the site, digging every chance they can, and going full throttle. If, at the same time, the company attorney spends time on this case, that doesn't distract the divers in ANY way from going after the treasure. Don't think that if we are protecting our name that it means all divers must stay out of the water or that the company is not focused on site #3 because of it. Just not true.

And people saying we have found nothing yet, because we have not PR'd it yet, is an assumption that just can't be made. Have we found anything? I don't know. But neither do they. To say we have not, with any sort of authority, is to come to a conclusion that can't be made. I feel that if we DID find something, and something GOOD, we would work it and work it and work it Before we come out with the PR, to prevent issues of people invading the site before we finish digging out a particularly good hole. Again, I am not saying we found one. Until the company tells us, we don't know. But I can't say we have NOT found one either. Neither can anyone else on the board here.

Personally, I'd like to read a PR that says we have applied for the salvage permit. Although our permit has a conversion clause in it that ones in the past did not, we still need to notify the state to DO that conversion, and I'd like to hear we applied for that clause, or even had it approved. It wouldn't mean we found treasure, but it would ease some nerves over whether we can keep 80% of the finds or not, and give new life in the SP until such time we do announce a find (that has been worked hard, to prevent others from coming.)

You are correct.

"Last I heard Site 3 was in hand.
Or has the story shifted?
"

they got the permit, and started diving. they have been diving pretty consistently for over a month and a half. ANd about 8 days ago they moved ALL the boats to ONE spot and have been on that spot ever since (giving us speculation as to why they are on one spot. Fond something good? maybe ...)

that's the update for now. the company has been very quiet, but they ARE working, and people have seen them out there doing the work. Working back and forth, and then focusing on that one spot.

My thoughts on the company and what they are doing are different than yours. Which is fine, as two sides make up all stocks, but I definitely look at it differently than you do.

Although you write "I don't see a whole lot going on that will save this from going lower for the remainder of the year " I think we have reason to be optimistic. Personally, I think they have found more than "just" a cannonball or belt buckle. And I think in the past 48 hours they have found more. And in the next 48 hours they will find even more. I think they are over the treasure site, they are pulling up some interesting things, and nothing will be PR'd until the specific site they are working is to a point where they have pulled up a lot of things and is secured.

And if they come out with a PR that says they found treasure? That will not shock me. "unless they open up and shock the world. " That is what they are doing there. They are looking for treasure. I personally feel they have FINALLY found a treasure site. FINALLY! I have admitted on this board before that when they were on site #1, I watched the company and owned ZERO stock. When they moved to site #2, I watched the company and owned ZERO shares. Never bought the company. Watched, in case they found something, and would jump in early when the news hit if something was announced, but I never owned them. Too much risk (in MY opinion. Others obviously owned, and that is fine too) However, when they finally got to the point of getting site #3 firmed up, I bought shares. For the FIRST time EVER in THIS company. I own shares in other competing companies, both public and private, but never this one. Now I do. Because I believe site 3 is a real site, I believe it has been researched enough to show it has what they are looking for, and I believe that they will wait for the PR and once it hits it will gap open and be too late to get good priced shares. Hey, isn't that what it is all about? People buy based on their own opinions, right? But for me, site #3 is a winner, and it is a matter of time before they announce some good finds. Not even sure if they have not already started FINDING those good finds, but the PR will be in the future. So I like site #3, and don't think the stock will continue down or that if they find something that it would be a "shock". And they are concentrated on site #3 very well. Not playing in the Bahamas, but concentrated on one site in Florida.

So we'll play opposite sides of the stock. I think the risk, especially at these levels, is being out of the stock, not in it. And if it goes down a little more, I know people will add more shares. By the way, since I did NOT buy in a long time ago, I am DOWN right now on my investment here. But still think it is a good stock to own, and will continue to be here.

Just saying the sky is not falling, IMHO, and I don't think saying things like they are playing in the Bahamas is accurate. Either way, GLTY with your stocks and picks.

I have a friend who lives in the area. I've had him look towards the boats from time to time. Many times, he doesn't even see the boats when he looks for them. But, sometimes he sees them, trolling (His word. He fishes) and moving about. But he told me that twice this past week he looked and saw the boats. They were all three in the same area, which is odd. They were all three staying in the same area and not moving. They were all three in that SAME area three days later.

I think we have found something to focus on. Might be a big cannon or a ballast pile, but also might be something a LOT more exciting. the fact they are in the same area though, day after day this week, and have not been moving around a lot searching for other hits, might be a GOOD thing.

My friend does NOT use binoculars. He does not go out with a surfboard to get closer. He does not snorkel on out. He won't even take a fishing boat out that way. As much as I try to convince him to, he just won't do it. But, he does drive by for his work twice a week or so, and look for the boats for me. Not a concerted effort, and as I said, sometimes he doesn't even see them, but it's the only source close to the work that I have, so I'll take it. Maybe "I'm" the one fishing. Fishing for something to sound good, and make me think they have settled over the TREASURE. Probably my imagination and I'm stretching for good news. HA! But that's part of the joy of a company like this. To use your imagination and hope they have found treasure!! You can't say that about a factory churning out the same thing over and over again every day.

Bottom line. Might mean nothing. But the boats seem to be focused on one spot, and are diving it and it alone. To me, it means they have found all the gold in the world, Blackbeard's treasure, Jimmy Hoffa's body, AND a quarterback for the Phoenix Cardinals. All things lost for many years now. And until they move off that site, I'm going to continue to feel they are on to something.

Paul,

Just an FYI on the market makers for you.

the ones at .0001 either have no bid at all, but are market makers, so they show up there, or took them off the board after market hours (And most probably the first. Some maybe the second) As for the others, they are all with their BEST bid, so they show from .006 to .009, depending on firm, but that doesn't mean there isn't more support lower. Hoping it doesn't GO lower, but still, the point here is the MMs. If they have someone at .004, someone at .006, someone at .007 and someone at .008, they ONLY show up at .0008. Nothing else will show for them, as they only show their best hand. If it burst through the .008 buyer, THEN they would show the .007 buyer as next. But you won't see it unless it goes through the top buyer first. So the support might be small, it might be huge, but either way you will not know it. And no one that is truly playing is below .006, so that is why there is a gap between .006 and then down to .0001.

Hope that helps.