Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The price is up, but the bid is still weak. If someone sells any shares at all, we lose almost all of what we gained so far today. Same as yesterday. the bid needs to go to .012, with the ask at .0125, not an ask of .0125 and a bid of .0105 or something low like that. Need some bid sitters, at higher bids.
I know it is only a number, but for some reason seeing it close below a penny totally deflates me. Even if tomorrow it goes back up to .011, just the fact that it closed below a penny will keep me in the dumps for a while
Need a PR Kyle. need a PR!
It's good that the company actually welcomes visitors to the site and their headquarters. that's something you don't get with a larger company. I was one of his phone calls that interrupted your visit, but I bet you had a lot of that.
I'm going down there in March, to go on a cruise, and have told them I want to spend a day looking at things at the company I own a little piece of (As we all do) they were totally open to the idea. Good to hear.
I agree. It is time for the company to show their hand a little more. Tell us what success they are having at site #3. I've said it before. I watched while they worked Juno. Never owned a share. I watched while they worked Lantana. Never owned a share. Only bought shortly before I was expecting the permit for site #3. Because I BELIEVE site #3 IS a treasure site. Not one that is hoped for, but one that is there and waiting to be unearthed. they have been there for over a month now and it is time to give an update. We got one for the first day, so how about for the first month? Tell us if we have given the state 3 items and are working on the conversion to a salvage permit (Which isn't that big of an issue, according to the company, since they get 80% of what they pull even now, according to them. But a HUGE difference I think to INVESTORS, who WANT TO SEE the SALVAGE permit to feel GOOD about owning this!) tell us if we have been finding anything of value. You don't have to say "13 silver coins". Just generic statements of finding good items and still searching for those good items.
I am a BIG supporter of the stock. But I still think it is time for a PR.
Amazing how thins change.
"And you can be sure, they will be insisting on adequate compensation for the year of inactivity.
"
So far, DPBE has insisted on NOTHING. they did not do ANYTHING about the fact that their artifacts were being held by the government instead of divided, they did not complain loudly when the "other firm" DID get a division and DPBE did NOT (Throws a hole in your "if the other firm wins, we will get ours TOO) theory), they were NOT interested in suing the government to FORCE the issue (And everyone here was griping about the suit, Now the posts seem to think it is a great thing) to get their artifacts, they have NOT joined in on the suit even as a third party with material interest in it, they have NOT helped with the suit in any way, and if the other company wins the suit, they WILL get their division, but you are correct in saying it sets PRECEDENT, which does NOT mean DPB will get theirs too. And as for adequate compensation? I doubt ANY company gets ANYTHING other than their division, and MAYBE the right to dive again. And if this bozo APPEALS the verdict (assuming the other company wins, and we all think they will, but who knows down there) then it might STILL be a few more YEARS before Billy hits the water again.
I'm not trying to be negative or spout things that DPBE is no good, blah, blah, blah. Just stating some truth in that DPBE has done nothing, is not forcing the issue now, and I don't agree that DPBE will be getting compensation for the lost opportunity or time they were out of the water. And if they don't get some money and either JOIN the suit or file their own, they may or MAY NOT get a division if the other company wins.
It would be nice if we had a COMPANY to FIGHT the DR. As it is, we are not a legal company any more in the USA, we have no CEO or senior officer, we have no representative to legally be contacted in a lawsuit, we have not filed required papers to remain in business as a legal entity, much less a publically traded one, we have ignored material facts that have not been divulged to the public, I violation of SEC regulations (Mostly Reg FD) and I just don't know if we have the ABILITY to come back from this OR push the issue with the DR. I supposed London is our only hope right now, and if they fund a suit to get the artifacts maybe we eventually win, but I'm not optimistic about the court case working in DPBE's favor OR getting just compensation. Sorry.
I'd sure like to get an update on those three items we need to give to the state before we can get the full salvage permit. Anyone hear anything about those?
could be good news for SFRX. And the board has had good information on it lately too. now we need a PR!
Up about 40% in the last week (Now that it just traded at .0148!)
Not a bad week.
Makes one wonder what they found that is making this rise start. We all know that if they found something big, the hollering and whooping would be loud enough for some on shore to hear it, and that might start some unofficial buying. LOL.
Hoping we are up 40% for a good REASON.
talk about THIN ask!! It traded 20,000 shares at the ask of .0113 and then the very next ask was all the way up at .0125! WOW. I expected it to go up as it came down. 1 tick at a time. there would be 20,000 at .0113. then maybe 30,000 at .0114. Another 20,000 at .0115. Maybe nothing at a tick or two, like maybe nothing at .0116, and then another 50,00 at .0117. NOTHING. Nothing all the way up to .0125, in one swell swoop.
That's a good sign that although the buyer(s) that dropped us down was selling, with that person(s) gone the rest of the holders are not willing to part with shares this cheap. A good sign for a partial recovery of the price.
Maybe only a look at higher prices, and we identify higher prices. Not salvage the price back up, but just a look. Hope we can convert the price to a salvaged price soon, with maybe 3 buy orders. (Okay, so the humor didn't work well. It was worth a try.)
The three items have to be things from a ship. An actual ship. Not things ON a ship. Therefore the cannon does NOT count as one of three items. Neither do coins. Spikes count because they are FROM the ship itself, as would nail s and pieces of wood planking. Or some of the pulleys that were used to move things on board. Again, parts OF a ship, Not things that could fall off a ship.
Hope that helps.
Oh, and personal opinion is that we probably HAVE the 3 items by now. Just a guess, but probably have 3 by now.
really?
" Did they first contact other companies to maybe have a coalition first and then THREATEN a lawsuit first before moving FORWARD ON THEIR OWN?"
Who do they CALL? the registered agent, which is the legal person one should call for something like this? DPBE (who is legally REQUIRED to have one, does NOT) The corporate headquarters? Nope, that's been shut too. the CEO, who is the head of the company? Nope, he left over a year ago, without an announcement EVER made by the company on this material fact. Who do they call? Check the website? Nope, unless you know the fact that it has a new site, if you check the one that was there it is now gone. WHO do they call? OH, I know. If they looked at IHUB, a little financial investment site, they could find a link to a different website than the normal one, and that website would have a phone number to someone who is not named, to a phone that does not answer often and does not have a voice mail. Yes, THAT must be how they would learn to call someone. Not the NORMAL channels of the LEGAL person in charge of calls like that, whether it be the non-existent CEO or the non-existent registered agent. How would they find who to call?
"Maybe it was just coincidental that the DR shut down all contractors during the same time period.
"
Or maybe it has to do with the new (At that time) minister being the DRE head of UNESCO. Much more likely. "The problem may have had a chance to be resolved rather quickly? NOT NOW!!" Not with THAT minister in place. Oh - and what DID they do Before they filed the lawsuit? Do you know? Nope. But you'll think you know the answers. Think it would have been solved. Remember that that company filed the suit LONG AFTER the minister already stopped giving out divisions. "anyone in their right mind wouldn’t think that couldn’t have some repercussions on future divisions and contractual percentage splits." Again, the auction happened AFTER they quit giving divisions. If events go A then B, you can't come back and say that B CAUSED A to happen.
We'll agree to disagree. You want to blame ANYONE OTHER than Wilf for this mess, even though in the past you wrote a tirade about it being Wilf's fault AND said that Wilf needed to sell off the artifacts to fund the company. Now it's like WIlf is your favorite person. But that's fine. You have your opinion. I have mine. We'll disagree. it happens. I wish you good luck with this company still, and your shares, and hope someday the company comes back to life. But I will not believe that the "Other company" is at fault for the way Wilf did things here. If the other company's lawsuit forces the government to give the divisions in SPITE of the minister siding with and being with UNESCO, then good for DPBE (too). But I still feel the other company was RIGHT to SELL what they found, and RIGHT to file the suit to FORCE the government to honor its contract. Still wish you a good day, but we'll not agree on that topic. Done talking about it.
How did THEY create the mess for DPBE if they had an auction ONE year ago and DPBE has not gotten a division for THREE years? (And the other company DID get divisions when DPBE did NOT)
"Other company diving, who gives a crap. They created this mess. "
and then
"Yeah great idea an international auction to show the DR government what they could be having"
I think since they sold some plates for a lot of money it WAS a way for the DR government, who has TWICE as much as what was sold, to realize they have a GOOD amount of money TOO. And that would make them HAPPY. SO yes, you are correct. It WAS a great idea to finally get a company to sell some items off and show the government the fruits of their labor. Agreed. Good job in the sale!
Neb, I wouldn't be so excited about showing what is and is nt on the company website.
"Nothing of the sort appears on the Deep Blue Marine website
http://www.deepbluemarinerecovery.com
Easy Peasy....Case Closed "
let's look at that website.
the home page is only 3 or 4 paragraphs. yet one of them is this
"Our company currently is working in the Dominican Republic on a lease area that strectchs 47 miles along the North Shore in the heart of the old trade routes that were established by Christopher Columbus. To date we have surveryed over 12 sites and opened a few Of the sites we have opened, all are producing amazing historical artifacts, a wealth of knowledge and treasure trove of coins, jewlery and period weapons.
Wrecks we are currenlty working span the time period of 1550 - 1800.
"
First off, although my spell checker wants to fix them, I'll leave the spelling errors in there, as that is how they are on the page. Secondly, it says "Currently is working". We have not been in the water for one YEAR, as of THIS week. I think saying we are currently working might be deceptive at best, and a lie to many.
the about us page has more things in it that are just not factual.
"Deep Blue Marine Inc., will soon be featured on KJZZ 14 a local television station in the Salt Lake City Utah market. The program will run Sunday evenings from 7:00 - 7:30.
Shown here are the air lifts and the divers. These tools allow us to remove sand without damaging valuble artifacts. The stake you can see in the middle of the photo allows the divers a refrence point for taking measaurements
We know it's strange to have a ocean recovery company based out of Utah, there is really not a lot of coast line here. But Utah is home only to the founder of the company.
Our company has 2 American Divers and 9 Dominican nationals who work with us. We operate year round, weather permiting and have been able to enjoy this incredible work since 2005.
"
yes I left the spelling again. But let's talk the facts. Will soon be featured on KJZZ? that has been there for over a year, so that can not still be a true statement. I hope they DO get on soon, but the station has NOTHING that says they will, and nothing for that time slot. having things like that on the OFFICIAL website of the company are clear violations of the SEC (Oh, IMHO, of course). We have 9 Dominican nationals working for us? Really? I can think of some from a LONG TIME ago, but right now? Tell me less than half those names; four nationals who have gotten paid by us this month, since they are "Working for us" Okay, make it easier. Easy peasy as you say. Tell me three who have been paid by us any time this SUMMER. this year?? the answer is none. The website should be updated, or it is no longer truth. Neb, I'm not trying to nitpick here. the reality is that the website is up and running and INACCURATE and that is not a nitpick, but flat out WRONG. It can be updated by someone typing on it. IF the company still exists, why can't someone take an hour one day and do some work on it? I say because the company does not exist. As known by no legal status in ANY state, no representative for any legal proceedings, no office, no anything. And a website that OBVIOUSLY has not been updated for over a YEAR. More on it??
On the "contact us" page. "Thank you for stopping by. Please feel free to call anytime, my number is on the top of the page. I do not have voice mail, so if I'm not there, try again later" WHO is writing that? You and I know it must be Wilf, but a public company says to contact them, gives NO name, and NO ONE answers that line when "I" call, and you can't leave a message. A public company with one line and no voice mail? And no way to reach them? Just not right.
The last of the four pages on this "website" is the "location" page. It says "We are located in the Carribean, on the Atlantic side. You can find us easily, but you will need flippers and a mask if you want to join us. " really? Why would we need flippers? NO ONE is in the water. I don't want to hear that "the other firm isn't in the water either", as that is irrelevant to THIS firm. And they ARE in the water, in Florida right now.
I think DPBE does not exist. I have not said that in the past. But the CEO left over a YEAR ago, no one has made that announcement, the company has no status as a legal company ANYWHERE, there is no person or entity to accept legal filings as the required registered agent, they have made no filings of financial statements, and in reality the ONLY thing that says there is or ever was a company at ALL are photos that are put HERE that are a YEAR OLD.
Even if you are broke, you don't let your company cease to exist. You spend the VERY MINOR money to keep it in existence. And if it no longer exists, do all a favor and take it off the pinks, so people don't buy a company that is LESS than a shell. May it rest in peace, or hopefully come back as a Phoenix at some point, but right now it does not legally EXIST.
Porman,
I don't mind that they filed the lawsuit, as some people won't listen to facts no matter how you present them to them. So the company has to do something to protect its reputation.
But I sure don't want the lawsuit to be the topic of conversation here, like THAT is the money that is hoping to get in the near future to fund itself. I think we let the lawsuit go on without us here, and we focus on what the company should be focused on - the treasure.
We are bringing things up from the water, and I'd love to hear an update as to WHAT those things are. Have we found the three items needed? Are we in the process of the salvage permit? I'm not worried about the timing of the salvage permit, because it has been clear (Okay. clear to everyone except one person) that they CAN bring stuff up right now just as if they had the salvage permit. they just need to keep it in reserve, for lack of a better word, until the salvage permit is issued. then, it retroactively allows them to keep 80% of all they find. So they Are able to keep everything they bring up even TODAY. But it is also true that they can not sell it NOW. It will be given to them, but after the conversion of the permit. Which is easier than portrayed, and should happen well before the late 2015 or 2016 prediction being made. Notice how the wording is very precise in saying they can not bring up anything and sell it. Because of the word "and" that is technically true. they can not sell it NOW. But they WILL get to keep it, even though t brought up now, before the conversion.
Anyway, as you can see, my concerns are on what they are bringing up, and whether they have the three items or not. THAT is the future of the company. The lawsuit? I think more of a distraction than anything, although it would be nice to stop reading distorted interpretations, and the lawsuit might bring that about.
You still don’t see a difference?
“oh but this time its different! like juno...then lantana,now site #3 going to make millonaires!...yup,right!! could it be another blunderful wish??
“
Yes, this time IS different. I'll tell you again why this site is MUCH different.
Here's what I put before, and it still shows the difference between those first two sites and this one ...
Let me change industries for this illustration.
Oil drillers drill wells where they think oil is. They do scans, much like we do, they see what they think is a good potential site, and they then get mineral rights (Secure the site as theirs) get permits and drill. Sometimes, even with the information they have, they hit a dry well. It happens more often than you would think. Was that a waste? Nope. Same results, but not a waste. Just a missed shot that didn’t pan out. But - if they come across a site where the mineral rights were not available for a long time and oil is SEEPING out of the ground, and they start to work on the permit (rights) for THAT area? That would be a UNIQUE situation. That is not the norm for a drilling company. They would have a MUCH better than average chance of striking oil. MUCH better. It would be a RARE thing though to come across that situation. They would be salivating to get the permit, with the high expectation that since the oil is seeping up from the ground that odds are ... shall we say HIGH, that oil is there? Continuing that analogy, if they GET the permit to drill in that area, and start the drilling, they still would have to drill it in, cap it off, and then pump it. THEN the oil would be flowing. Would they find oil (treasure)? Again, the answer is not a guarantee, but since it was seen seeping through the ground it sure would be PROBABLE. And if someone came along while they were drilling into the ground, before they could cap it or get to where they needed to be to start pulling the oil up, and said “I thought it was seeping. Why don’t they HAVE oil already?” that person would be right AND wrong. Right in that they don’t have it yet, but wrong because they are being impatient. It IS there, but there is a PROCESS to go through before it is truly being put in barrels and sold. That doesn’t mean they are not seeing things that show they Are on a producing site. Just that things have to be done in order. You can’t drill from 100 feet to 200 feet below ground until after you drill from 0 feet to 100 feet. Make sense? With treasure, you can’t uncover the gold that is under 20 feet of sand until you remove the FIRST 10 feet of sand. And you need to see what tis THERE too, so it is slow. It does NOT mean there is no treasure, or oil if the drilling is not DONE yet. That is Site #3. I've told the board before. I've been following this industry for years, and used to personally own a company that did treasure hunting on land. I’ve owned shares of both public and private treasure related companies, and hot my own oil wells AND dry holes. But I’ve learned when to place my bets. Therefore, I did NOT own ANY shares of SFRX while they were excited about site #1 OR site #2. Neither Juno nor Lantana brought me into this stock. If they found something, I'd be like those waiting for it now. Wait for the positive news, jump in early, and if you buy at 4 cents on the way up to 20 cents, you still did pretty good. Not as good as buying at 2 cents, but the risk was lower too. So I held off and waited. Then, no significant treasure was found, so I never ended up in the stock. It was just a few months ago, when I agreed in MY mind that they ARE sitting on a site that is figuratively seeping treasure that I bought my first shares of THIS company. Normally I wait, as it is the permit first and then the “hoped for” treasure. But for me, in MY mind, this IS a treasure wreck, and so I decided to be in BEFORE they found it, to have it under 2 cents a share instead of trying to buy it higher after it is announced. So YES, this time it IS different. VERY different. Different enough to bring me into this stock – for the first time ever. Compare this to Lantana? To Juno? Not in my book. Different. And worth owning … before the news that the well has been capped and the oil is flowing . Or treasure in this case. My opinion.
I can answer that one.
"yes,why the huge gap? "
Because it is after hours, and the gap is big on MOST pennies after hours. Wait until the market opens. then the gap will tighten to reality. right now, there are only bids and asks hoping for a trade in the after-hour market that is "away from the market" so they can make some money.
It has been here MOST days after the close. means nothing. Seriously.
oh, and one other thing. The second boat is NOT the name that has been mentioned here. I had it a few days ago, but don't have it at my fingertips right now. But it is not the boat mentioned, FYI.
Not good news from the D.R. I now predict (Hence = opinion. But an educated one) that DPBE shall NOT get their division ... this year. In spite of what is posted on this board.
In two weeks it shall be one YEAR since anyone from DPBE has stepped a flipper into the water. Nothing in a year. It has been OVER a year since the CEO of the company left the company and moved on. Without a word from the company about this major material fact. It has been over a year since DPBE took care of their legally obligated paperwork to remain in business in the USA.
Although I hope some day this company comes back to life, and I especially hope Billy gets back in the water, whether for DPBE or someone else, and can feed his family AND find treasure again, the longer it goes the harder it shall be. Somewhere along the way someone might take notice of the company not filing reports, not keeping its legal status alive and not revealing material facts like the CEO leaving, and it could get shut down. That's my biggest reason for not buying in even at these prices. While waiting for what may never happen, or not happen for a long time, something could happen to the company. So for now, I shall sit on the sidelines still. If the minister there somehow amazingly changes his mind on the division, then I might buy back in, depending on Wilf's responses and if the company does the right thing. But for now, for ME, I see potential danger, and even though it is low in price, if it stops trading that is still a 100% loss, no matter what price it was bought at, and I shall sit on the sidelines.
Not optimistic, but I share it so others know that ther is more happening (Or not happening) than just posting pictures from a YEAR ago to make room for some imaginary "new ones". If we aren't diving, there can't be new ones.
I also do not think (Again. MY opinion, based on MY DD) that a new permit will be given to DPBE this year to dive. I have NO problem in the fact that the permit is in Wilf's name, as ALL the permits down there are REQUIRED to be in the name of a PERSON. It has ALWAYS been in WIlf's name, and that has not been an issue. But even in Wilf's name, I predict it shall not be renewed this year. For the shareholders sake, I hope I am wrong.
Good news from the site!
But I won't be the one to break It.I'll wait for the company to announce it.
When you are calling what a company has stated as fact a lie, you are treading on very thin ice. Maybe even libelous.
"lies started that heartland got booted because they brought up things but its a lie...they couldn't afford to continue with the discovery stage because they ran out of money and they cant dilute because they aren't a public company "
Are you SURE it is a lie that Heartland got booted? Are you SURE they just ran out of money. You are stating it with confidence, and I personally think you are wrong. Talk to Heartland and see if they give you a better answer ... You don't want to have to defend words that you say that were just pulled from the air without knowledge.
No, they were not.
"this is the 3rd site...no excuses for the first 2...none! those were supposivly known treasure sites/wrecks to according to the so called experts just like this one.."
The first two sites were hoped for sites of treasure. There was a shot, and a potential, but not a known treasure site. MOST sites are not "known treasure sites" Most sites ALL the companies that dive are working are just hopes. this is the only known treasure site I know of in over a DECADE for ANY company.
That is why I did NOT invest in SFRX years ago when they were working site #1. I watched, and I waited. If they hit something, I would jump in. They did not. I did not invest when they worked on site #2. Never owned a share. It was hoped for that treasure would be struck, but not a known site, so I waited. If it was struck, I'd jump in early, and was fine with that. It wasn't found in quantities to be worth enough for ME to buy shares. then, they were able to work control of this site away from Heartland and for the FIRST TIME EVER, I bought into this company. Because I too know the site, know what has been found there already, know the potential, and consider this TOTALLY DIFFERENT than sites #1 and #2, different than sites Mel worked on, different than sites Deep Blue is working on or even than Oceanic worked on. this was as close as you could get to a known site. So I didn't want to wait until the strike was found and announced. Because I believe this one is more of a sure thing, and I want to be in BEFORE that news hits this time. that's how confident I am that this IS a treasure site. Not a hoped for one, like the first two sites, and the sites others are working, but a KNOWN site.
BIG difference. Stating the first two sites were known treasure sites too is just not accurate. They had potential. This is totally different.
"The only FACT is that Deep Blue will receive 50% of the treasure...."
Not true. Just because we don't know the EXACT numbers that are paid to those priority investors over the company stockholders doesn't mean that we should IGNORE the numbers and just say "it is still 50%."
FACT is that my number, although an estimate and a guess, is MUCH closer to reality than your number of 50%, which is only the first line of the formula and incomplete.
I DO believe we will get 50%. But we have to pay the UK BEFORE we get any artifacts from the remainder of the DR split. FACT.
We have to pay the Limited Partners (Both of them) BEFORE we get any of the remainder after the UK. FACT.
We do not get "50%" of the split from the DR after taking these two other splits into consideration. FACT.
Not I'm not even saying that are BAD. Without the funding from the UK, we would not have dived and would have NOTHING. But I don't think it is right to IGNORE the SPLIT they take because we have an idea of what it is but not an exact number. It's still a fact that we DO have to pay the UK. And as for the Partners, that split is in writing and we know what they get. MORE THAN WE DO until paid off. Not good facts to have to calculate, but still facts.
"we will see, once this mess is finally sorted out, if that company has their contract renewed"
Looks like they will, as of September. Hopefully that means DPBE will ALSO have a renewal in September. Good luck to you.
This is where I diverge though from the bulls here.
"That means the company gets two of them? Isn't one of those worth a quite a bit of money? That is just two artifacts that DEEP BLUE MARINE will have out of many. "
No, it doesn't really mean the company gets two. It means they start with two. then, they give one to London. then they give one to the Limited partners. then, they keep what is left.
It still is a major positive that they look like they will get their division finally. But the toxic financing required to keep this company afloat means we won't be getting a LOT of this division. Maybe more in the future, but not this one.
100% = 50% DR and 50% DPBE.
50% = 70% (Guess, but probably about right) to London = 30% of 50% (15%) left for DPBE
15% left = 80% to LImited Partners, who hopefully will be close to paid off from this, or maybe even totally = 20% of 15% for DPBE
or
3% for DPBE. NOt a 3% profit, but 3% as REVENUES. then, expenses come out, and after expenses, whatever is left shall be the profit (Loss)
BUT - we are still diving, still alive, and if the Partnerships are paid off after this then next split we get 15% or so of what we find as the top line before expenses, instead of 3%.
For now though? NO, if we have 4 coins, and we get 3% of that number, it doesn't come out to 2 coins. NOt the way I do math at least.
But. But.
"Things are getting closer and pressure now being applied due to lawsuits "
I thought the other company putting pressure on and filing that lawsuit was a BAD thing?
And this time Neb is correct. I heard this yesterday too. the divisions are past their logjam. Not quite ready yet, but past the logjam and moving forward finally.
With LOTS of assistance TO that lawsuit and the persistence of that "other company".
Congrats to DPBE on getting closer to their division. It doesn't solve a lot of things, IMHO, but it IS a big step forward. And I'll vouch that "this time" the news that the division is coming is finally somewhat accurate. We still need to see it to totally belive it, but the logjam is busted. FYI.
Question.
So, why don't these people need a salvage permit and go through all the hassle to find this treasure and get to keep a portion of the sales proceeds??
<<A Florida family scavenging for sunken treasure on a shipwreck has found the missing piece of a 300-year-old gold filigree necklace sacred to Spanish priests, officials said on Tuesday.
Eric Schmitt, a professional salvager, was scavenging with his parents when he found the crumpled, square-shaped ornament on a leisure trip to hunt for artifacts in the wreckage of a convoy of 11 ships that sank in 1715 during a hurricane off central Florida's east coast.
...
Schmitt, who lives near Orlando, last year discovered about $300,000 worth of gold coins and chains from the same wreckage, Brisben said. Schmitt's parents have hunted for sunken treasure as a hobby for a decade.
By law, the treasure will be placed into the custody of the U.S. District Court in South Florida, Brisben said. The state of Florida may take possession of up to 20 percent of the find. The rest will be split evenly between Brisben's company and the Schmitt family.
>>
Seriously. WHy can they hunt for 10 years, and not have a permit, and yet get to keep 80% of the finds? Anyone KNOWLEDGABLE have an answer to that one??
According to that, we WILL get owenership WITH rights to 80% of what we bring up.
look, this is from the reg. On the 1A-31, not the 1A-32 permit.
<<
1A-31.090 Transfer of Archaeological Materials, Title to Archaeological Materials Conveyed.
The division may transfer archaeological materials to which it holds title to the permittee in consideration of recovery services provided to the state
under the terms of a recovery permit. Specific provisions for transfer of archaeological materials will be specified in each recovery permit.
(1) The division will ensure that materials are transferred so that the permittee receives approximately 80% of recovered archaeological
materials, with the division retaining approximately 20% of recovered archaeological materials;
(2) Distribution of the recovered archaeological materials will be negotiated by the division and the permittee based on the historical value of
recovered materials;
(3) Current holdings in the division collection shall be considered in the distribution of recovered archaeological materials;
(4) Artifacts recovered under an Exploration Permit for the same area or historic shipwreck site will be included in the pool of artifacts
considered for transfer to the permittee, per subsection 1A-31.065(1), F.A.C.; and
(5) Each transfer of archaeological materials will include a written statement from the division to the permittee conveying title to the
transferred materials.
>>
If they convey TITLE to the permittee, it sure seems like we can SELL the items, since we OWN them. yes?
treasure Watcher, what do you think? You said it looks like it may be a while, but this says they will convey. NO??
"call and ask them if treasure can be brought up and sold...go ahead and post the answer "
Answer: yes.
there. Does that settle it for you? (I didn't think so. Even with the answer)
I disagree.
"but the permit dosent allow for recovery/sales etc its only an archeaoligy permit..lolol..."
the permit says they can excavate it. that to me means recovery. But they must do it in an archeological way. Meaning they must log it all in, mark it, and do it the right way. it doesn't say archeological permit though. It says "allows Seafarer to begin the investigation, research and archaeological excavation of this very exciting historical site"
Do you see where it says excavation? That means digging it up and taking it out. Can they sell the items found? the state would not tell SFRX what to Do with their 80%. just that the state gets 20% and the finders get 80%. SO no, the "permit" would not say "you can sell your items." It just says you can dig them up. What you do with them is up to you. And Heartland with their portion.
According to the STATE they can take 80% of what is found. According to Kyle, he can take 80% of what is found. According to you, they can not. Tell me why we should believe you instead of the state or the company?? I'm listening, but need to know why you know more than BOTH sides of the agreement know. thoughts? thanks.
"Lot of scare tactics today. "
And they are working. Notice how even the bulls are either asking questions or silent?
According to Kyle last week, this gives them permission for FULL recovery WITH the company KEEPING 80% of the stuff found. It is worded weird, but he said this is a new way of saying it and there will be no need for another permit.
I don't know if things changed since I talked to him, but that's what he said last week. He is out of the country until next Wednesday a week, which sucks, but he can eleaborate more when he gets back.
And hopefully we will have (some) treasure ON DECK by time he gets home.
Bulls are doing the smart thing. What I should have done. Let the falling knife fall. Wait until the selling stops. THEN buy. I'll do that TOO, but bought some this morning for higher price. Oh well, my average is still good, and I feel even the higher priced shares will be worth MUCH more when they start pulling that treasure up. Gotta run. Let's see if buying starts by the end of the day though. And tomorrow, when the news hits the papers hopefully we have a lot of buying.
The news will hopefully be in the newspapers in Florida tomorrow. that might bring in some more investors too. remember - although this board is long, this board is a very FEW total individuals compared to those who might invest when they hear the news but have NOT HEARD yet. If our 30 people here are joined by 300 people from the news getting out, then the volume will be MUCH more than the last few days. I Know some said that the 6 million yesterday and not much gain showed too many sellers versus the buyers. I agree. But the sellers (Ones who obviously know of the stock already, since they own it) will remain the same and the buyers should grow exponentially as NEW buyers come in. then the sellers get overwhelmed and the price jumps a LOT. All based on the news, and it getting out there.
Yes, it should be a good week. A GOOD week.
Oh, and NEXT week? They should start talking about TREASURE next week, so that TOO should be a GOOD week.
Busting through to the upside some right now. My prediction of a 3 cents or higher close is still where I think we are going. And that is a tough prediction, since that is almost 40% up for the day!! We'll see ...
Why is this permit MORE important than the first 2?
Let me change industries for this illustration that shows the difference. Bump!
Oil drillers drill wells where they think oil is. They do scans, much like we do, they see what they think is a good potential site, and they then get mineral rights (Secure the site as theirs) get permits and drill. Sometimes, even with the information they have, they hit a dry well. It happens more often than you would think. Was that a waste? Nope. It was a shot, and it didn't work. But - if they come across a site where the mineral rights were not available for a long time and oil is SEEPING out of the ground, and they start to work on the permit (rights) for THAT area? That would be a UNIQUE situation. that is not the norm for a drilling company. They would have a MUCH better than average chance of striking oil. MUCH better. It would be a RARE thing though to come across that situation. they would be salivating to get the permit, with the high expectation that since the oil is seeping up from the ground that odds are ... shall we say HIGH, that oil is there. If they were about to announce that permit (rights) was approved, then the excitement would be rampant. People who knew the ground was seeping would be excited. THAT is what we have here. not a normal site (Of which drillers drill HUNDREDS sometimes, and strike some oil on some, hit dry on others and truly hit oil on some.) but an RARE extraordinary site with much better potential. That is Site #3. I've told the board before. I've been following this industry for years, and used to own a company that did (treasure hunting) on land. Yet I did NOT own ANY shares of SFRX while they were excited about site #1 OR site #2. If they found something, I'd be like those waiting for it now. Wait for the positive news, jump in early, and if you buy at 4 cents on the way up to 20 cents, you still did pretty good. Not as good as buying at 2 cents, but the risk was lower too. yes, I understand those statements made in prior posts about buying AFTER the permit is issued. I bought NO shares even after the permits for #1 and #2 were issued because I was waiting for treasure to be found FIRST. It was just a few months ago, when I agreed in MY mind that they ARE sitting on a site that is figuratively seeping treasure that I bought my first shares of THIS company. backwards, as I think the treasure has been shown before the permit is shown, and normally it is the permit first and then the hoped for treasure. SO, with one ingredient, the treasure in this case, assured in MY mind, and the other in my mind truly coming, it is the FIRST time they had BOTH ingredients and I felt comfortable enough to buy. My opinion.
I might be a chaser TOO, adding more shares on the way up, as the risk WILL be lower AFTER the permit is issued. But my point here is that this site is seeping with artifacts already found and thus is determined to have a MUCH higher probability of treasure than a normal site. So I don't compare the permit and digging of site #3 with sites #1 and #2. Or sites #4, #5 and #6, wherever they may be and based on good hope that treasure lay there too. this site is UNIQUE, with MORE than "just" hope that treasure is there. So analyze it like it is. An extraordinary site with seepage already showing that there is something there. And that's why the permit is more important this time around than on other sites. The potential here is a "probability" of treasure, not a "possibility". Big difference.
Make sense?
3 million shares in the first 45 minutes.
I admit I'll be shocked if we do not close at least at 3 cents. really. My forecast for EOD. because the buying should continue and then pick up as the news gets out. Yet the selling will dry up as the news gets out and those on the ask already are taken out. Plus when momentum really starts to increase, the MMs will take out what they want, as they too take positions, both long or short, when they think something is going to happen.
It is a slow start price wise, but the volume tells me it WILL be a good day.
I can see it now.
<<It is a RESEARCH permit.
"Seafarer’s Quest, LLC has successfully been granted a three year research permit "
And they can only investigate the site, research it and then a little arch. recovery, not treasure recovery.
"The long awaited issuance of this permit allows Seafarer to begin the investigation, research and archaeological excavation of this very exciting historical site. "
I guess next YEAR the recovery permit will come. >>
Surprised I have not seen it up on the board yet. And of course, <<people are selling on the news too, instead of buying. It will probably hit .007 now that the permit has been released.>>
Now that the permit is done, they will find these new things to pick on to continue their ways.
And when we bring silver on board it will be "Oh, it is not gold. told you it was worthless treasure>>
And when we bring gold on board, it will be <<Yeah, but they have not identified the ship yet, so no one can say if it is the Conception or not. the gold isn't worth as much.>>
there's just no end to things that can be said, no matter what. Just glad this FIRST objection will finally be over.
And it will be over, as soon as it is on Oculus, of course.
What?
" if the permitted area is worth $200,000,000 or multiples thereof, as has been claimed, that which has already been salvaged and appraised must be worth a few million, right?"
That's like saying if I am going to total my car in a bad accident tomorrow that it should at least show some little dents already today.
NO logic in that.
"Going to be hard to not take $20k or $30k profits but I am holding for the big win."
I'm already a little above that number, but have no thoughts of taking ANY shares off the table.
Because of the analysis I did. How much profit you have should be irrelevant. What IS relevant is where it is going from there. If it is till a high probability that it will go up, then you hold. If the probabilities change, you sell. I've sold at a loss, because the future looked bad on stocks. And was glad I did. I've held onto winners thinking things would go higher (Like this one) and was happy. I've also sold winners, thinking they had run their course, and some did and some went higher. SO it is still a personal decision. But, if you think it is going higher (because the treasure has not been announced yet, for instance) then you hold. regardless whether you just bought in (At a higher price than today, but still think it is going up from there) or have held a long time.
Logical?
Here's that number crunching post again. BUMP.
"I was giving some thought yesterday to how high this stock can truly go on good news. For my own use, for MY own thoughts of when to maybe sell some off, but it was an interesting result, so I'll share it here with the board.
My answer to where it can go?
MUCH higher than I originally was thinking. Putting pen and paper together has me thinking entirely different numbers.
The price at the time I did this was .022. The market cap was $19.3MM. If we find let's say $200MM in treasure (our cut) in the next (day/week/month) then what is the stock worth? Yes, this is predicated upon getting the permit AND finding treasure, but I am working on numbers given my large confidence that we DO find treasure. Where I should sell if things move forward in a positive way. Continuing on that answer. With $200MM in assets, the stock cap. should not be priced below that number, but a multiple OF that number. No growth stocks are at a book value ratio of 1. But working the numbers still. With $200MM in assets, our price with a market cap of only $200MM would be about $.23. If we are at 2 times [color=red][/color]book, which is LOW but might be where we cap out at first, that is about $0.46 per share. A market cap of $400MM with assets of $200MM. That would be priced pretty low and would still attract buyers IMHO, so I think that market cap could be reached AND held. Especially if that is after a little searching and there is still more to be found. So a market cap of $400MM is $0.46 per share.
What if we find twice that. Find $400MM in assets. Some say that is a low estimate for this shipwreck. But if we found that amount, could we be at $0.92 per share? Fundamentals say "yes" in my research. I'm just throwing thoughts out there. Numbers. No one knows what will be found, so these numbers need adjusting when more is known. But for now, my thoughts say I won't sell myself short on this stock if we start moving up on the PR of a permit. And I'm NOT going to sell out just because the stock goes up to maybe a dime or some other arbitrary number based on nothing. I want a price and a REASON for that price, so I crunched numbers. Granted, I don't think we are going to $6 like OMEX did, but that is because I am looking at market capitalization, not stock price, and we have more shares outstanding. But I can see a price above $0.50. And if the treasure is enough off this wreck, maybe a multiple of that.
And those are numbers I would NOT have spouted until I did this objective analysis (With subjective numbers of what will be "found".) These numbers sounded impossible to me, as I too was thinking that "10 cents is 5 TIMES 2 cents, and a HUGE gain." Now? I think that is too short of a measuring stick and not based on any objective numbers. Now these much higher numbers do NOT sound unrealistic to ME. Still need the permit AND to realize the wreck IS what we think it is, but if so, these numbers are not unreasonable. Not to ME at least."
Did you see that?
Oh never mind. No stocks are showing bid or ask on my system right now.
If this thing dinks around TOO long, I am closing on selling a house on Thursday. Should have money by Monday. I might buy a LOT more shares on Monday if it is still in the 2 cent range. So I guess although I've been anxious to see the PR of a permit, I should actually be mellow and hope it delays for another week.
And if it goes down to .0135 in the meantime, then I can ... nah, that's just too much to ask for. LOL
On one side we have someone who CALLED the state and was told the permit is basically done, has passed final reviews and is being sent around for legally required signatures. On the other side is someone who REFUSES to call the state or ask anyone any questions, but who emphatically says two people have REFUSED to sign off. Hmm. Who to believe?
Not a hard choic!
Moving back up on MUCH less resistance than they encountered when they tried to bring it down.
that's a good sign.