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Gman3343,
Do I still think there may be a treasure wreck in the area's that SFRX has a claim on way North of Juno? Yes, I have always stated that. Even though I have seen many posts that think I am posting negative posts.
lindy1401,
Yes, I do have more experience then Kyle. Thank You.
Gman3343,
Just my personal opinion, but if there was any treasure on sfrx's site?
At the very least they should have found a scatter trail leading to the wreck site. So far I haven't heard of that happening.
Hot Spurs, I think we will see something coming on deck with this J/V this year.
The same with my site.
Sorry, but I forgot what ur offer was.
Smallcaps, I think the joint venture is a great idea.
Hot Spurs, All Treasure Salvors are under attack in the USA by Spain, France and Unesco. "IF" the Wreck is " VALUABLE ". Personally, I think this is Wrong. My Opinion is that these wrecks were abandon by which ever Country originally owned the shipwreck, but that is just my opinion.
What I really think is Deplorable is that Global Marine Exploration spent over $3,000,000 finding the scatter field of wrecks off of Cape Canaveral. Turned that information over to the State of Florida and because a French Bronze Cannon was found. The State of Florida contacted France and France laid Claim to the wreck.
Raider21, As usual you are correct. If there is anything of value on the wreck that sfrx is looking for. Spain will try and take it.
That is exactly what happened to Global Marine Exploration off of Cape Canaveral.
Just because they found a French Bronze Cannon. Florida wouldn't give them a salvage permit and Florida contacted France, who then claimed ownership of the wreck. Another sad part is that Dr. DeBry was apparently involved in getting France involved also.
Raider21, I did say that most treasure salvage companies shut down in the Fall and Winter to save money, because there are very few days that the divers can work.
I guess sfrx hasn't learned that lesson yet.
Raider21, has worked and dove on treasure wrecks. His family is one of the most famous treasure Finders in the world.
I personally think that he offers sfrx some valuable information on how to find a treasure wreck.
Shallow water projects are cheaper, but since the projects are half way around the world. They won't be cheap.
Raider21, I agree. I don't know whether it is due to inexperience, or what.
It troubles me, because of the people I advised to buy this stock.
I really hope I'm wrong.
I wish sfrx Luck.
Raider21, if sfrx did a mag survey in their NEW site and are following a trail.
Don't you think they would have gotten some BIG ANOMOLY HITS and could have at least uncovered another cannon or anchor?
I'm beginning to wonder if the guy in charge of the surveys knows what he's doing.
I saw that on FB, this company is doing an excellent job.
Raider21, I could'nt agree MORE. SFRX needs someone with EXPÉRIENCE to run the salvage operation.
Burt Webber would be a Great choice. So would Bobby P. The owner of GME.
northofadollar, I really don't think sfrx found an 800 foot Spanish Treasure ship. They were never made that big. The largest U.S. Aircraft Carrier in WWII was 800 feet long, but it wasn't sunk off of Melbourne.
http://ethw.org/Aircraft_Carriers_in_World_War_II
Kentcrek, thanks. Hopefully, we will all hear something soon, concerning the diving side of the company.
Does anyone know if sfrx's divers are diving yet? Just curious.
kentcreck, I think the share holders are the one's losing on all fronts.
If SFRX can't sub contact the other site? Nothing should should prevent them from making a written agreement with their partner to work WITH them on site number 3. That doesn't violate any Florida statue.
I love the excuses. It's sure helping the share price isn't it?
I wish them luck. The dive season is here. It's time to produce.
Raider21, Great Point. I remember the company had no problem telling the share holders when the Operations Manager reached down and touched his first cannon underwater.
I was always told that to be successful a company had to Communicate. It doesn't mean that you only have to communicate when something good happens. It also means that you have to keep the investors informed.
If SFRX has sub contracted that site from their partner. Don't you think they would have found something by now if it was there? That something could be something as simple as ballast stones or pottery. I'm not going to get into Monday Morning quarter backing. I'll just say this. If something isn't working. In my opinion it's time to change something. Whether that's getting other's like GME ( Who have a proven track record and have volunteered to help. If asked.) involved or changing course in some other way.
Just my opinion. I wish SFRX Luck. I know the stock price sure needs it.
Hot Spurs, I have a question. "Why", does SFRX have to wait for a permit ?
If one of SFRX's partners has a legal right to explore and identify a wreck in the area that SFRX is trying to get a permit for. Why isn't SFRX signing an agreement with the company that currently holds that permit to sub contract that site "UNTIL" sfrx can secure a permit for that area?
Wouldn't that save a ton of time and money? If I remember correctly the owner of GME has offered his services to survey the area and I think he said, that it would only take him about 2 weeks to complete the survey.
From the looks of the stock price. SFRX is just bleeding money. If they came to an agreement with their partner and something was found. Then SFRX could make an announcement and the stock price would go UP. None of this makes any sense to me.
I wish SFRX luck, but as I stated before. Why was SFRX paying their divers to sit around all Winter, if they are waiting on a permit? Either work something out with their partners until the permit comes thru or work on another site and try and locate something.
The dive season is here, either do something or get off the pot.
I'm not anti SFRX. I just want to see them do something CONSTRUCTIVE and have the stock price go up.
Raider21, That's sound advice. I doubt it will happen here.
It's easier to just pay divers not to dive and wait for the permit.
I still wish them luck.
Raider21, you are correct. I posted that another treasure salvage company stated that they found the wreck sfrx is looking for in shallow water, just off the beach.
I believe they also stated that coins were recovered on the beach near this wreck site.
SCM, Blackduck and his crew have pulled up millions of dollars in Treasure and has surveyed too many wrecks to list.
He and his crew are Masters at his job.
If he says it can be done in that amount of time on the sfrx site. You can take it to the Bank. I'm not well versed on Florida State salvage law, but I don't think you need a salvage permit to survey an area.
I think all you need is an Exploration permit and I think sfrx has one of those.
I'm not here to disparage the management of sfrx's salvage team. However, I do believe that sfrx's survey team could learn a Great Deal by working alongside blackduuck's crew. As blackduck stated, it wouldn't take very long to properly surrvey sfrx's area.
Blackduck, I think most of us can agree that Treasure Salvage is a tough business. X doesn't mark the spot. My opinion of SFRX's operation is that there is a good possibility that there may be a treasure wreck somewhere in or near their permit.
However, I also have reservations about management putting someone in charge that has No Experience in Treasure Salvage.
I know your salvage experience. Personally, I think your company has revolutionized surveys and how a company should be run. I especially like the way you surveyed and salvaged those wrecks in the DR.
In MY OPINION, if sfrx would employ your survey team to survey their permitted area. Your Team would either confirm a viable wreck in a lot less time than the current team or tell sfrx to move on to another site. My guess is that the investors would like to see the stock go up before Summer. I wish jrf30 could put you and Kyle together for a meeting to see if you two could work something out.
I know for a Fact that both of your offices are close to each other in Tampa, because I've visited both offices.
Whatever happens. Good Luck to both companies this year.
Trueblue, I have to agree with you. I also think they are looking for Treasure.
If sfrx has their environmental permit and corp of engineer permit and salvage permit. They should start reporting progress when the dive season starts in May. By the end of the summer they should report treasure being found. If it is there.
Treasure salvage is a tough business. X doesn't mark the spot, as books would have you believe. I wish them Luck and time will tell what happens.
The stock price really took a slide.
I hope they find a wreck with treasure without fish nets all over the wreck.
Hot Spurs, sorry if I confused you.
What I was trying to point out is that No One works for someone else for no money.
Other companies lay divers off for the winter months. I would venture to guess that EVERY TREASURE DIVER KNOWS THIS.
That is why I have a hard time believing that the sfrx divers are working through the Winter and Not being paid. I don't see that happening.
My opinion has always been that paying Treasure divers through the Winter is a WASTE OF INVESTOR'S MONEY.
As a matter of FACT, SFRX is the only Company that "I" know of, that employs treasure divers in Florida, during the Winter.
NOAD, I Never said, that I didn't think there may be a treasure wreck somewhere in or near sfrx's permitted area. I do, and I hope they find it.
My concern has always been putting someone in charge that has No Salvage experience. Wasting valuable investors money on working through the winter.
I know that jrf30 was told by someone that they aren't paying the divers in the winter, or something to that effect.
I personally find that extremely hard to believe. I don't think any of you would work without getting paid and I don't believe that the Divers would either, but that's just my opinion.
One of the major principles in Good Business, is keeping your investors informed. SFRX hasn't done that and they could do that on their Facebook page.
I do wish them Luck.
Raider21, You have been in this business.
You know as well as I do that the company isn't putting out any diving information, because the seas are too rough in the winter to Dive. If sfrx cared anything about their investors. They would put out a PR explaining that, instead of keeping the investors hanging, with no news.
Trueblue, I haven't checked in lately.
I take it from your post that sfrx hasn't received the salvage permit that they thought they were going to get a few months ago?
I think after what just happened in Panama to Dan Porter and his investors.
Someone might want to ask Kyle. If he does find Treasure. Does he expect any trouble from Spain and Unesco?
Anyway. Hoping everyone has a Merry Christmas.
Raider21, It's the Christmas season. I hope everyone is happy.
You and I both know that the value of treasure wrecks get Greatly exaggerated.
I remember Mel Fisher's divers complaining about how much they had to pay the IRS in taxes on the Atocha treasure they received from Mel, because Mel Greatly exaggerated the price of the artifacts that were recovered.
I also think most investors will be Happy as long as SFRX finds treasure, no matter what sfrx values the wreck. The stock should rise and everyone should be Happy.
Raider21, I take it that sfrx has not gotten the permit yet.
I also heard that the sea is too rough for diving around the sfrx site.
Any idea how many tens of thousands of dollars have been wasted this winter, paying divers that can't dive?
I'm sure that doesn't help the stock price.
Has the company released any new information on the wreck?
Hot Spurs, just for clarification. Mel Fisher magged from Key Largo to Key West looking for the Atocha, because he didn't have good Research to narrow down where the Atocha sank. Eugene Lyons narrowed the search area down to the Marqueseas through research.
More importantly, Mel Fisher sub contracted the 1715 wrecks from Kip Wagner back in the early 1960's. If I remember my conversation with Mel correctly. Mel found 1715 Treasure in a short time.
jrf30, provided some good intel on what SFRX has been doing. Based on jrf30's comments. Things look promising for SFRX.
jrf30, If you know where those coins were found? I'm up for a trip to the beach with you when the weather gets bad enough.
As far as the medical problems. I had a check up yesterday. Most things look good but the radiation cancer doctor wants me to see an another cancer expert for a consultation. Hopefully everything is okay.
Please go into more detail on EXPL's plans.
Did EXPL stop working on the wreck off the coast of New England for the winter?
Raider21, you bring up some good points.
ie... follow the Trail and get the divers on the beach to find out where the coins are washing ashore. After all, why pay the divers to sit around until the next site is approved. Unfortunately no one cares what we think.
SFRX has a great boat. I'm sure it has bunks for a crew, but why make a crew sleep on their work boat, like crews that other companies do, when investors money can put the crew up in a hotel or divers house?
Don't know where you get your information, but it's not correct.
Just because some doesn't agree with someone's methods of not putting an expert in charge of operations.(Ace)
Or wasting investors money by TRYING to dive in the Winter?
I call that questioning their methods, not wishing them Failure.
I also now think, SFRX should drop their lawsuit. They achieved their objective.
Why beat a dead horse and make it a distraction from hunting treasure.