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So, you think insider trading is occurring?......Hmmmm
You've always been honest about things.
SFRX has rights to an unidentified vessel, and.......
no historical data to support a ship with a valuable cargo sunk in the Juno area. That wreck was located in 1978 and was explored by several salvage firms and found to be a dud.
That's a hot air balloon ride.
For almost 5 years in promos they have claimed they have game changing technology that can locate treasure, but they have yet to provide evidence of such. Yet last summer they told the FBAR it wasn't yet fully operational. See below. And this is for Melbourne, and we were told they were gone from Melbourne at the end of 2022.
It's all a hot air balloon ride.
The death mask, Q1 2020, then Q2 and then Q3 2020, and it's zip, zero, nada in Q1 2024.
That's all been hot air for the balloon.
Shake those pom poms TB. Shake em!
You're a real good fit here. SFRX has.......
a multitude of shareholders ignorant regarding salvage law.
It's like someone suggesting you don't need to be registered with the state to transact business there. Heck, you can sell produce and sell alcohol, you don't even need a license.
I just linked a Court Order that stated Sea Hunt needed prior permission from Spain, which was upheld by the Supremes, to be awarded a salvage fee.
But the geniuses here think SFRX doesn't need prior permission, and Spain will gladly give a large portion of their cultural heritage to SFRX because......it's SFRX.
And everyone knows SFRX is special. They don't need permission. They're SFRX.
SFRX's the sole owner of Juno, period. Spain.......
never made a claim when the Admiralty Arrest was first sought, nor did Florida. Neither were a party in the case.
After the 1987 Abandoned Shipwreck Act was passed, Florida assumed ownership of all wrecks in state waters, but Juno was grandfathered in. Judd apparently didn't understand this, and for some reason neither did SFRX, at least for some time.
Florida made claims on the Atocha and other wrecks, Spain did not. Hence the division with MFT and the state.
Spain didn't start making claims until the late 90's with the wrecks off Virgina. At first Spain won the rights to Juno but lost LaGalga, which was appealed.
IV. Conclusion
Regardless of whether or not JUNO and LA GALGA are considered to be warships, they are subject to a rule of express abandonment under the Fourth Circuit's precedent in Columbus-America. Sea Hunt has succeeded in showing by "strong and convincing" evidence that, through the 1763 Treaty, Spain has expressly abandoned title to LA GALGA. Therefore, title to LA GALGA now lies with Virginia *692 under the Abandoned Shipwreck Act, and Sea Hunt may continue with its salvage efforts according to the terms of the VMRC permits. There has been no such evidence of abandonment, however, as to JUNO. Neither the 1819 Treaty nor the declaration of war in 1898 contain any evidence of an abandonment of JUNO by Spain. Therefore Spain retains title to JUNO's wreck, and Virginia has no claim to JUNO under the Abandoned Shipwreck Act. Sea Hunt may not, without Spain's permission, continue salvage operations on the remains of JUNO.
The question remains as to whether Sea Hunt is entitled to a salvage award for JUNO under traditional salvage law. Spain has specifically indicated that it wishes to treat JUNO as a maritime grave and does not want the wreck to be salvaged. As this issue has not been fully argued by the parties, the question of whether Sea Hunt is entitled to an award under salvage law for salvage work performed on JUNO is expressly RESERVED, pending supplemental briefing by the parties. Each party to the case is ORDERED to submit a supplemental brief on the issue of whether Sea Hunt is entitled to a salvage award for JUNO within 30 days of the entry of this Order. The Court may require further evidence concerning the extent of the salvage conducted on JUNO. Amicus United States is also granted leave to submit a brief on this issue if it so chooses.
It is ORDERED, as to Spain's Motion for Summary Judgement that Spain retains title to and ownership of JUNO, and that its claim of ownership and title to LA GALGA is DENIED and DISMISSED. It is further ORDERED that Sea Hunt's Motion for Partial Judgement on the Pleadings is GRANTED to the extent that the Commonwealth of Virginia owns and has title to LA GALGA and was acting in accord with existing authority in issuing a salvage permit to Sea Hunt for LA GALGA.
https://law.justia.com/cases/federal/district-courts/FSupp2/47/678/2527737/
Upon appeal, the 4th Circuit ruled with Spain, and later the US Supreme Court upheld the 4th Circuit's opinion.
We reverse the judgment of the district court that the Kingdom of Spain abandoned the vessel LA GALGA. We affirm the judgment of the district court as to JUNO. Both vessels remain the property of Spain. The judgment of the district court is accordingly
We affirm the district court's denial of a salvage award to Sea Hunt. The district court found, "It is the right of the owner of any vessel to refuse unwanted salvage. Sea Hunt knew before bringing this action that the JUNO was a Spanish ship and that Spain might make a claim of ownership and decline salvage. . . . Because Sea Hunt had prior knowledge of Spain's ownership interests and had reason to expect Spain's ownership claim and refusal to agree to salvage activity on JUNO, Sea Hunt can not be entitled to any salvage award."
https://casetext.com/case/sea-hunt-v-kingdom-of-spain
But this is the most important part of the ruling.
The United States "is the owner of military vessels, thousands of which have been lost at sea, along with their crews. In supporting Spain, the United States seeks to insure that its sunken vessels and lost crews are treated as sovereign ships and honored graves, and are not subject to exploration, or exploitation, by private parties seeking treasures of the sea." Amicus Curiae Br. of U.S. at 1. Protection of the sacred sites of other nations thus assists in preventing the disturbance and exploitation of our own. Here the government's interest is rooted in customary international law. See 8 Digest of U.S. Practice in International Law 999, 1006 (1980) (noting that interference with sunken military vessels, "especially those with deceased individuals," is "improper" and that foreign governments' requests to have such views respected "should be honored").
It bears repeating that matters as sensitive as these implicate important interests of the executive branch. Courts cannot just turn over the sovereign shipwrecks of other nations to commercial salvors where negotiated treaties show no sign of an abandonment, and where the nations involved all agree that title to the shipwrecks remains with the original owner. Far from abandoning these shipwrecks, Spain has vigorously asserted its ownership rights in this proceeding. Nothing in the law of admiralty suggests that Spain has abandoned its dead by respecting their final resting place at sea.
Now Kyle and Huffy can claim all the merchant vessel BS they want, but they're full it. The Juno site is grandfathered. Whatever is there belongs to SFRX and no one else.
Any other new wrecks found would not be grandfathered, and a Spanish vessel, unless abandoned by an expressed act, would remain the property of Spain.
Glad I could help.
Me no see.....me no see....me no see.
Florida doesn’t own Spanish wrecks even in……..
state waters, Spain does.
Florida can’t issue a permit excavation on such a wreck. It’s against the law, as Florida told Kyle and Timmy in the links I provided.
If you would simply read the links I have provided, but that appears to be too challenging for you.
Spain owns those wrecks and those wrecks are protected via Sovereign Immunity.
If SFRX wants to excavate what they believe is a Spanish wreck, they need to talk with Spain, the owner of the wreck and get permission.
Is Florida wrong regarding the SMCA? If so……
explain.
I know you can’t, as it seems beyond your ability to address anything I have provided.
You’re a good fit in your field.
#lightweight
#maybefeatherweight
Spain has ALREADY responded to SFRX……geez
I linked it.
https://pretendradio.org/episode/treasure-hunter-michael-torres-vs-seafarer-exploration-corp/
Further, Spain is bound by a legal treaty they signed. The US never signed on to UNESCO but their stated policy is Spain’s wrecks are protected under Sovereign Immunity.
I have provided links, as has Raider.
What is the UNESCO Convention on Protection of Underwater culture heritage?
Recognizing that underwater cultural heritage is largely undervalued, the 2001 Convention provides a common legally binding framework for States Parties on how to better identify, research and protect their underwater heritage while ensuring its preservation and sustainability. Sep 22, 2023
https://www.unesco.org/en/underwater-heritage/2001-convention
I don’t have time for lightweights.
Perhaps you can respond to the links I have provided instead of saying I haven’t provided proof.
Kyle says the tech works.
Ask him for proof.
When did I imply silver dissolves? Link……
please.
Spain’s attorney has addressed Kyle’s and Craig’s bullshit claims. They have representation. They don’t need me.
Me no hear…..me no hear…..me no hear.
https://pretendradio.org/episode/treasure-hunter-michael-torres-vs-seafarer-exploration-corp/
The Federal Register doesn’t provide evidence……
of Sovereign Immunity protections?
Interesting.
You don’t know Spain won their battle with OMEX claiming in part, Sovereign Immunity?
I guess the next thing you’ll tell me is the State of Florida is wrong too.
Not like they cite chapter and verse of the SMCA when communicating with Kyle and Timmy.
Me no see….me no see……me no see.
Welcome to Ihub. 2 posts so far and….
you’re a self-professed hedge expert, which is flattering. That field is growing.
A couple of things real quick. I haven’t said the tech doesn’t work. I have asked for proof it does. SFRX has claimed it worked since July 2019. How do they know? Where’s the data to support that claim?
SFRX has made claims about the Melbourne site that their own Bureau reports contradicted….ie “we’re on the wreck.”
Silver degrades in salt water. That’s a fact. Glad you have seen the coin. Seems like SFRX would show it off to the public. Maybe the big media deal requires them to keep it on the down low. Yeah, that must be it.
Lastly, can you site the law that gives SFRX the right to Spain’s cultural heritage? I suppose you not only have a law degree, but are an engineer as well.
US policy, as stated in the Federal Register clearly states their cultural heritage is protected by Sovereign Immunity. Here’s the link below.
Have a nice day. And again, welcome to the Hub.
Juno is NOT protected by Sovereign Immunity, as the Court Order predates the policy stated below.
I think you meant, lay another turd…….
That’s what they’re known for in the industry, turd laying.
There is a huge gap in what they want to be known for (industry leading recovery process, game changing tech) and what they’re actually known for.
The gap is so wide you could place 15B turds end to end within said gap.
Most shareholders have gotten so used to the smell, there won’t be any ramifications if they lay yet another turd at Juno.
For the record, I hope they don’t. I hope they prove us skeptic wrong. TB promised fried crow.
Happy Saturday!
International bro!.....
Happy Friday!
#uplist
I got stopped out. It happens……
Everyone knows APRU is the next NVDA.......
International bro!
Sic 'em Tony
#uplist
Got sucked back in. 300 @ $7.90. We'll see......
May add up or down.
Just flippin'
The hall monitors monitoring one another is…….
priceless.
It’s gone from telling them who to respond to, to how to respond.
This board is so much fun.
Can’t wait to see what tomorrow brings.
What if he announced they closed on Lena?.......
He's acting like they already did.
How many patents does SFRX have? Aren’t……
they claiming to have a proprietary software?
These images are fed back to the command vessel and/or command center via a surface buoy and wireless link to be processed using proprietary Automatic Target Discrimination software which looks for the attributes of our targets of interest.
https://seafarerexplorationcorp.com/seasearcher/
It’s funny that SFRX makes a claim and they’re never questioned by the gull…..I mean faithful.
Oh no, let’s not question the one’s promoting their stock, let’s question someone who has never said he held patents.
#deflection
At this point it's another hot air balloon.....
ride.
It happens often with SFRX.
Shake those pom poms!!!
Where's the treasure?
It's rhetorical.
Enjoy the ride.
Isn't it always.....coming soon?
What proprietary "tech" do people think SFRX……
has?
The platform is an unpatentable shallow water ROV built around readily available third party sensors. Anyone interested in obtaining this "tech" could acquire them for the same suppliers as SFRX. Even the “alleged” machine learning algorithms touted by SFRX are not a new idea and are being used by many other providers of subsea survey sensors.
Why would anyone with any experience or professionalism in the subsea space turn to SFRX for any technology systems when companies like Kongsberg or Lockheed have been providing reliable, state of the art, deep water capable systems for decades.
For the amount of money SFRX has spent on attempting to recreate the wheel, they could have long ago acquired a proven auv/rov platform with the same or better third party sensors, applied an existing machine learned system to the data processing component, and have surveyed and located numerous wrecks by now.
Anyone experienced in the industry will tell you that a multi year program focusing on either Juno or Melbourne indicates a really poor selection of shipwreck targets and exhibits their inability to work in any type of water depths beyond scuba depth.
The entire company is built upon one person's unsupported and misleading statements ($15 billion cargo value at juno) and naive investors delusions thinking they are going to become fabulous wealthy from this nonsense.
Shake those pom poms!!!
If APRU owns the brewery, why doesn't Tony......
add those revs to his projection for 2024?
Where's the beer sales? He said Lena did $800K last year.
That should make it over $5MM for 2024.
Where's the "we closed on Lena" PR?
Still REVOKED in Illinois, but they own a brewery in Illinois?
#amusing
The point of skeptics was never the dollar......
amount. It was absurd claims made to get to the dollar amount.
If true, which is definitely in doubt, it wasn't a valuation, it was an assumption. Neither the size of a nail or even the size of a ship determines the value of a cargo. What was put on the ship determines how a valuation is made.
This is what SFRX filed with the SEC before Kyle claimed under oath Gary Randolph had made a billion valuation on Juno.
Due to the fact that the Company does not currently have sufficient data to positively identify the potential Juno Beach shipwreck, or its country of origin, it is not possible to determine whether or not the ship was originally carrying cargo of any significant value.
Page 7 here: https://www.sec.gov/Archives/edgar/data/1106213/000119983511000264/seafarer_123110-10k.htm
Real salvors develop research files and look for specific wrecks.
By contrast, SFRX gains access or rights to previously explored sites, often sites explored for decades, and comes up with these bullshit number$ without knowing the origins of the debris they find.
The skeptics 100% agree with what SFRX filed with the SEC linked above. You can only determine the potential value based SOLEY on historical data....ie ID, manifest, and other records. With Spanish galleons, you can "assume" because of the tax laws contraband was on board, but you couldn't honestly make a valuation without documentation of such.
And I would add, simply knowing the country of origin is not enough. You need documentation.
Speaking of the tech, where's the data to support waiting for two years on the permit?
SFRX claims it works. How do they know?
The link you seek is a sticky post.......and
it's from SFRX's YouTube channel. Kyle claimed someone from the Fisher Org gave him the valuation.
That's a claim they emphatically denied per an email from Gary Randolph, the Director of Operations.
The AWOL affiliate (Goldie) who hasn't posted in a while said Gary was the wrong person to ask.
But Kyle said under oath that Gary is the one who gave a billion-dollar valuation. I guess Goldie is out the loop. That's what he always claimed I was. Sure miss him.
Here's my inquiry to MFT.
Here's Gary's response.
Let me know if you need anything else. Feel free to reach out to Gary, as he provided his contact info.
A week ago, Tony said the bank......
would NOT allow APRU to assume the loan, but now they own the brewery?
Tony's got quite the imagination.
Maybe he forgot to announce the completion of the acquisition of Lena.
So, what's the hold up? The largest section......
of the Pulaski was found and the film crew from Expedition Unknown was on site that very week. Treasure was on deck shortly thereafter, including the appx $100K in coins Josh Gates found.
A $15B wreck would be the largest find in history.
Where's the supporting data?
Sorry, SFRX has said they will NOT sell.......
any treasure.
They really said that.
They claimed billion$ of treasure could be at Melbourne and Juno, but they'll monetize with movie deals and museum exhibits and not sell any treasure.
Some would suggest that's a solid business model.
Like last year, watch as the focus becomes archaeology.
BTW, when is the silver coin going on display? The scientific world is prolly on the edge of their seat......waiting.
This ticker has shown the pps can move on hot air. It ran from trips to near 2 cents, in part on what the company now claims was a fraud.
Florida treasure hunter says he was tricked by con man claiming to be a war hero scientist
A Melbourne man is accused of claiming to be an Army hero, millionaire aerospace engineer.
By
Christopher SpataTimes staff
Published May 19, 2020|Updated May 21, 2020
At a bar near Melbourne Beach, the underwater treasure hunter met the Army Ranger who was also a cryptocurrency millionaire and adjunct professor at one of America’s most prestigious universities.
The conversation turned to the 300-year-old Spanish galleon wrecked on the ocean floor just off the coast, and more importantly, the motherlode of gold and silver that went down with it. It was right there, the treasure hunter said, waiting to be salvaged.
The decorated veteran and professor, it turned out, was also a systems engineer and coder. He’d developed satellite communications and avionics for military contractors at renowned laboratories. Some of that work was classified, he said, but maybe he could use his expertise to help create a technology to scan the ocean for the elusive gold?
In October 2018, Tampa-based treasure-hunting company Seafarer Exploration announced it had hired “Dr. Michael Torres," a brilliant “wounded war veteran receiving a Purple Heart with Oak Cluster” to do just that – help them find treasure with tech.
In January 2019, Torres made the front page of Florida Today and appeared on FOX 35 Orlando wearing an Indiana Jones-esque hat and announcing he’d discovered an ancient Peruvian burial mask washed up on Melbourne Beach.
It was all fake, Kyle Kennedy, CEO of Seafarer Exploration told the Tampa Bay Times. “This guy can spout this stuff off like no tomorrow," he said. “Absolutely none of it was true, but unless you’re an engineer, you’d never know that."
Last week, Seafarer filed a lawsuit in Hillsborough County demanding Torres pay back $96,583 in wages plus $6,986 charged to a company expense account. They also want him to return his more than 61 million shares of Seafarer stock worth around $520,000.
The lawsuit accuses Torres, 37, of presenting a fraudulent resume that included two tours of duty in Afghanistan, a long list of medals and multiple degrees including a bachelor’s in electrical engineering from the Citadel and a doctorate in aeronautical engineering from Duke University.
The lawsuit contends Torres flunked out of the Citadel with a 1.3 GPA, and Duke does not even offer a degree in aeronautical engineering. It also says that Torres lied about being an adjunct professor at the Massachusetts Institute of Technology.
Contacted by the Times, Torres said it was his boss Kennedy who’d padded Torres’ resume to make Seafarer look good, but that he’d gone along with it. He said he never claimed to be an Army veteran or have a doctorate and was simply an engineer hired to do a job, but was not given the proper resources to do it.
“They want to discredit me because it somehow serves whatever scam they’re pulling,” Torres said, adding that he’d soon file his own countersuit against Seafarer.
Torres said he did earn a degree from the Citadel and served in the Air Force. Contacted by the Times, the Citadel said Torres left in 2003 without graduating. Military records show he was forced out of the Air Force Reserve Officer Training Corps that same year for poor academics. There is no record of Torres attending Duke.
Kennedy and a diver for Seafarer named Michael Ware both described a late night spent with Torres on the front porch of Seafarer’s dive house. Torres told stories of rescuing his sergeant in Afghanistan by shooting an enemy. “He’s telling us about how the guy had a grenade in his hand," Kennedy said. "But then the guy went into a spasm and wouldn’t let go of the grenade.”
Ware said: “He talked about having to call in an airstrike on an entire village. I was thinking, how unkind is it to burden others with a story like that?”
Kennedy said his team criticized him for hiring Torres, but that the scientific jargon and heroics the man spouted off sounded true and wildly impressive. Ware said he gave Torres the benefit of the doubt when he claimed to also have been a blockchain coder worth millions in bitcoin.
Torres was exposed, Ware and Kennedy said, by scientists Seafarer hired to develop its Sea Search technology.
“There’s this meeting, and Mike (Torres) is up there writing on a whiteboard all this stuff and he’s shouting like, ‘Oh! Oh! I have it!’ It looked like something from Big Bang Theory,” Ware said. “I’m sitting there thinking, wow, this guy’s a genius. Then the real geniuses pull us aside privately afterward and tell us that wasn’t an equation, it was gibberish."
Kennedy said by the time “Dr. Michael Torres” appeared in half a dozen news stories showing off his Peruvian mask discovery, the company had become suspicious. Even though the stories mentioned “a team of archaeologists from Seafarer," Kennedy said Seafarer had always disavowed the mask and never owned it or announced it. The suit says Seafarer cut ties with Torres five months after that.
In October, Torres showed off the mask on an episode of Discovery channel’s Destination Unknown, which also featured divers from Seafarer finding a piece of wood said to be from the galleon. Kennedy said he’d demanded Torres be cut from the episode before it aired, but he was not.
Torres said the mask is authentic, and that professors from Harvard and Columbia had authenticated it. He shared emails from those professors, in which they said the mask appeared to be Peruvian.
But both professors told the Times that they had not authenticated anything, and would not do so without seeing the mask in person. They said they were only commenting on the style of the artifact in the photos Torres sent them.
John De Bry, listed on Seafarer’s website as one of the company’s research archaeologists, told Florida Today in January 2019 he examined the mask and believed it was authentic and could have come from the wrecked galleon. De Bry this week said he has changed his mind, and believes the mask could be a modern souvenir made in Peru.
Torres said he was glad to be done with Seafarer and happy to no longer be “paraded around” in a charade. “I have all my own evidence,” he said. “It will all come out in court.”
Ware said he’s worried Torres is starting his con all over again.
Last month, a man introduced as “Dr. Michael Torres, PH. D” appeared on ABC News 4 in Charleston, S.C. touting a “major discovery” of coins, cannon balls and other Civil War artifacts in Charleston Harbor.
“If he says Kyle made him say he was a doctor," Ware said, "then why is he still going on the news calling himself doctor?”
Kennedy said Seafarer has continued to work on developing Sea Search technology to detect treasure at targeted sites off Melbourne and Juno beaches.
Kennedy believes there are shipwrecks from the Spanish “Plate Fleet” that sank in a hurricane in 1715 while sailing to Spain with full loads of gold and silver from South America.
https://www.tampabay.com/arts-entertainment/2020/05/19/florida-treasure-hunter-says-he-was-tricked-by-con-man-claiming-to-be-a-war-hero-scientist/
Enough with the lectures. SFRX’s stated business…….
model is to loot Spanish cultural heritage. They (KK, Timmy, and The Baer) have been warned by the Florida Bureau of Archaeological Research on more than one occasion that they need to follow the law and get permission from Spain. Florida doesn’t own those wrecks, even if in state waters, Spain does. That’s why they were shut down for recovering items from the ring area. They violated the terms of the permit, and it wasn’t the first time.
Following HTQ’s lead, and perhaps out of pure ignorance, they have sought to disturb a Spanish warship while suggesting it was a merchant vessel. Only an idiot would utter such a claim. Or someone that thought their shareholders were idiots.
From Dr. Parsons
Glad the Pulaski artifacts were loaned to the museum in Savannah. Patti Callahan was a big help with that research.
The company itself sold about 100 million shares…..
a month on average last year at discounts to the market, while waiting on the permit.
The CEO and BOD are in the best position to truly know the prospects of the company, yet they are the largest sellers since day 1.
Baseless claims like Q1 2020, we’re on the wreck, block chain will pay for it all, priceless death mask, brilliant scientist, $4 billion at Melbourne, $15 billion at Juno, it's hidden just below the worm poop, has obviously made those discounted shares quite attractive. The company has raised over $25MM since inception, yet not found 25 cents worth of treasure during that time.
Look at it, trying to suck me back in.......
Tony needs to threaten the manipulators again on..........
X.
Thanks HOLO for the $2500 in gains since yesterday afternoon......
I'm out.
Date day with the Bride!!!
GL all
CornPOP is down over 20% AH. Helluva move today though.
GL
Holding 400 here $18.19. Flipped several times today.
It was profit. Now I’m down $289 on the day.
Got back in with 400 @ $17.30 avg.
I think she’ll be back over $20 soon.
Volatile AF here.
I got stopped out with a $916 gain.........
Now she's running!
Bwahahaha
Whoops, now she's dropping!
#whiplash
Got a bid @ $17.84 for 200 shares.
I got 400 at avg $18.22 so what will she do when she resumes trading?
It dropped to .0015 (good call Grant).......
in about 1 minute this am.
You said it would never drop below .002 again back in December.
The OTC is the wild west bro!
The Apple Dumpling Gang doesn't like long......
weekends, apparently.
They're addicted to bid whacking, but it looks like someone placed a market sell.
How did you know shares would be available......
in the .001's?
Great call!
I’ve had too much fun with this…….
Tony appears to be talking about reducing the OS by cancel shares in CERT form.
That wouldn’t reduce the float, but it would reduce greatly the possibility of it increasing dramatically.
Cancelling 3B would mean only about 400MM could hit the market in the near term, if that.
I could the Busch boys going for that and surrendering their 445MM or shares for Preferreds.
It’s harder to deposit shares today, especially below a penny.
Happy Saturday!