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Personally, I don't care who is sponsoring the event. The event is about sfrx and Treasure.
I for one am not here to drive the stock price down. I think attendees will buy sfrx stock. What a Bargain at this price.
I also think sfrx will find Treasure.
Personally I think this is a Great move by Kyle. I think it will get some in attendance to buy sfrx stock.
I also think Most of us don't care who pays for the trip. It's a business expense.
The Fisher's sold the rights to around 8 1715 wrecks in Their permitted area.
sctts, any news on any new artifacts found by sfrx?
I was also wondering what date the defendants trial is in Dec. And I am wondering if you know if there will be any more deserving defendants?
I don't get your innuendo?
Are you saying that sfrx does not have a permit to search for treasure at site#3 ?
Please explain.
DD, is great when you do it properly and know what you're doing.
SFRX was the first company to get permits to salvage shipwrecks in Florida State waters in over 30 years.
Mel Fisher didn't get his permit for the 1715 wrecks until 1983. The Fisher family then sold those permits to another company several years ago.
The last time I checked. Roger Smith is not the Judge in the up coming sfrx court case and has nothing to do with the trial.
Roger Smith is also does not have the final say in if sfrx gets a full recovery permit.
I hope sfrx recovers some treasure this summer. I believe they are on the trail of a treasure wreck and all the negative posting won't stop sfrx from trying to find it.
NICE filing by sfrx's Attorney.
Looks to me that the defendant is up a creek without a paddle.
The defendant already plead guilty. Case closed as far as shareholders are concerned.
I hope sfrx reports something soon.
Every public company offers discount shares to lenders. Nothing illegal about that.
I personally wouldn't say that the company is manipulating the stock price
Number 1, I don't believe it and
Number 2, if I was sfrx and it wasn't true. I'd be taking legal action.
Proof of what? And most investors don't care about any lawsuits.
They only care about sfrx finding treasure and getting up off their butts and posting an update. Especially that they found something other then wood.
That one is getting old.
Kentcrek, I think you covered half of the problem as to why the stock went down.
ie... people driving the stock down.
I also think that the other thing driving the stock price down is sfrx's failure to communicate. ( for whatever reason )
I think some stockholders expected treasure on deck by now or a public explanation as to what is holding things up.
Perhaps SFRX should contact the company that just filed an Admiralty Claim in the Keys? I doubt they will get salvage permits on their own from the State of Florida.
Salvor claims to have found Middle Keys shipwreck
BY ADAM LINHARDT Citizen Staff
alinhardt@keysnews.com
A shipwreck salvor has claimed to have found a wrecked sailing vessel somewhere off the Middle Keys, but as is usual with such cases, specifics about what treasures it may hold and from what year in history it hails remains shrouded in secrecy.
A company called EPW Salvage, Inc., owned by Edward Peter Worthington Jr., filed paperwork in federal court Wednesday asking U.S. District Court Judge Jose E. Martinez to grant him sole title to the unidentified vessel.
Martinez had not responded as of Friday.
Worthington is a commercial fisherman, said his lawyer, Hugh Morgan of Key West.
Morgan declined to say what has been recovered thus far from the wreck, but added the water is shallow enough to be searched by scuba divers. Morgan did not know what year the vessel wrecked, he said. Latitude and longitude coordinates included on court records indicate the wreck is somewhere off Duck Key in Florida state waters.
“A portion of the wreck is currently protruding the sea floor in such a manner that it presents a hazard to navigation endangering the life and property of vessels navigating over the surface of the site,” court records state.
Legal records state that EPW Salvage, Inc. hopes to retain “the remains of the unidentified and wrecked vessel, her armament, apparel, tackle, furniture and cargo,” except for the state of Florida.
Should EPW Salvage make a substantial find, that location could prove to be a legal conundrum for the company. The state of Florida could fight the company for a percentage of the loot. Other government organizations such as the Florida Keys National Marine Sanctuary could argue salvage would disrupt the ecosystem and try to stop salvage operations.
But those two points remain speculative. Thus far, no other group or government has challenged EPW Salvage, Inc. on the wreck.
“Since the time of the discovery, the plaintiff has not disturbed the wreck site and shall not do so unless and until it receives license by the state,” according to court records.
EPW Salvage, Inc. also stated that it “will diligently seek state of Florida’s consent to salvage the vessel for the purpose of removing the said obstruction to navigation and relics in an archaeologically proper manner and to preserve the same accordingly.”
Meanwhile in a separate, unrelated case, U.S. Senior Judge James Lawrence King granted the rights in October to Kahar, LLC after the company told the court that no one else had come forward to lay claim to a mystery wreck of an unidentified vessel discovered in 2012 in international waters off Key West, according to court records.
A relic recovered from the ship indicates that the ship is “an ancient sailing vessel,” according to court documents.
Morgan is the attorney in that case as well. He reported no recent news on that wreck.
“The salvage continues,” Morgan said.
alinhardt@keysnews.com
Does any one know the details of what wreck sites #4 and #5 contain and if any treasure has been recovered from either of those sites?
I am not a fan of moving from one site to another before a site is completely worked and assessed.
However, if there are roadblocks in place by HTQ? Wouldn't it behoove SFRX to move onto a Proven Treasure site until they can survey and work the Complete area of site #3. Just a thought. To bring up the share price and to increase shareholders confidence in sfrx.
I also think sfrx is doing a disservice to investors by not releasing more information about what is transpirering with sfrx, htq and the State, with reguards to the roadblock.
Just my opinion, but what do I know?
Raider21, I agree they need to follow the Trail. I also think sfrx needs to put out some news on their facebook page. Detailing why it has taken so long to find any valuable artifacts. ie... The roadblock and when they expect that to be resolved.
Otherwise, I think the stock is going to sink much lower.
And I'll bet the Farm that SFRX will find Treasure shortly after they can survey the area where HTQ Threw up the road block with the State, against SFRX.
Find it in 50 years???
Maybe it will be found tomorrow too.
HS, Great post. Facts can't be argued.
Artifacts from an unfounded 1715 wreck have been found at sfrx's site #3.
Does it matter when they were found?
Absolutely not. Does it matter who found them? Absolutely not.
It proves that an unfounded 1715 wreck is sunk in the area. SFRX has been finding more wreck material in the area and is following the trail to Treasure.
I believe that when SFRX is allowed to search those areas where HTQ put up a road block, that ACE will find Treasure.
Finding the cannon was good news. I'm glad everyone on here agrees. What is Great News is finding artifacts linking this wreck site to one of the unfounded 1715 wrecks, Regardless of who or when those artifacts were found
Good Luck SFRX.
Any news on how Ace and the divers made out today?
Glad to hear you're your taking the word of someone that wasn't there when they found the cannon.
I'm sure that will stand up in court. lol
NOAD, Sinclair could answer that better then I can, but if I remember correctly.
Mel matched the numbers on the silver bars to the Atocha manifest.
No, I don't think that is what hurt the price of sfrx shares.
I think there has been a concerted effort by a small group of people to drive the share price down because of the lawsuit.
SCM, To answer that question. I refer you to your own quote below.
Trueblue, Based on the below quote. I think SFRX " MIGHT " know where there is treasure on site #3.
They also have an idea where the treasure lies according to crew.
The lawsuit has meaning and I hope the defendant pays the price for calling sfrx a scam.
We want sfrx to find treasure. We are NOT INTERESTED IN TALKING about the lawsuit.
The attorney for sfrx will handle that in Court.
Treasuredivr, " Kyle must have really upset some people?"
Yes he did. He upset the friends of the defendant in the lawsuit.
Investors don't care about the lawsuit.
Investors don't care about the lawsuit.
They only care about sfrx finding Treasure.
The defendant will get his day in court and in my opinion he is going to lose.
Great post jrf30. It explains how real teasure salvage companies raise money to operate.
As far as blowhards? I think KK is not one. I'm not sure about others.
Gman3343, After reading the board today. I have an opinion as to why SFRX has not reported finding treasure yet. ( I do think there is a treasure wreck in the SFRX HTQ permitted site. )
The defendant lost this case, when he said that sfrx is a pump and dump.
SFRX is not a pump and dump.
The defendant is spitting into the wind on that one.
If the defendant thinks anonymous posts on a message board is a defense in court or even the truth.
He is going to lose big time
Hot Spurs, I can't speak for Raider21. He has dove on treasure wrecks and without saying who his Father is. I will say that his Father is one of the most well known treasure hunters in the world. I Respect him very much.
I was only making suggestions based on what SFRX reported and what eye witnesses reported. ( All 3 boats are diving on the same spot. ) Based on that information. It did not seem that SFRX was following a Trail. Hence our suggestions.
You are right about 2 things. I do not know what SFRX is currently doing on the site and SFRX is not releasing any information to the public.
Contrary to what some people think. I want SFRX to find Treasure and succeed. It is good news for every treasure hunting company when someone finds treasure. I wish them the best of luck and I apologize if I ruffled any feathers. That was not my intent.
Going for therapy 5 days a week and sitting around just gives me too much time on my hands. I'll be glad when this is over. If SFRX isn't following a trail. In my opinion it is a mistake. If they are following one? I believe they will find what they are looking for.
I would also listen to Raider21. He does know his stuff.
And for the guy that posted that SFRX has the only permit issued in the last 30 years. Yes and NO. Yes, SFRX got the first one issued in Florida waters in the last 30 years. They opened the door for other companies to get permits after that. There are also other permits that were issued in Florida that are beyond the 3 mile limit. Which makes them Federal Admiralty Claims, not State of Florida claims.
Good Luck and I hope everyone makes a killing on this stock.
Raider21, I agree. Follow the Trail. But what do I know ?
Where did you get that???
northofadollar, I agree. Juno should be investigated. My point is this.
Juno is an unknown wreck. SFRX admits that it may not be worth pursuing.
I think all of the resources that SFRX has should be utilized at site #3.
Once site #3 is either confirmed as a treasure site or abandoned. That is when I think Juno should be investigated.
Raider21, Like I said, It's time for SFRX to try something new.
I think they are on the trail of a treasure wreck. Now it's time to use ALL the tools available to find it.
Does SFRX have a good team of experts? Yes, I think they do.
Sinclair and De Bry are experts in examining, dating and conserving artifacts. ( They are not experts in finding shipwrecks. )
Are the ex Navy Seals experts in Diving ? I'd bet my life on it.
My Best friend is an ex UDT/Seal. We talk diving all the time. He tells me that he doesn't know anything about treasure salvage. He said, that is not something the Navy teaches Seals. But he is a Great Diver.
The ex FBI Agent? Another expert in his field, but his field is criminal investigation. Has he ever recovered treasure or worked for a company that did locate treasure?
I hope the person in charge of operations is not the person that found the cannon at site #3. He said, " I stuck my hand through the mud and it touched a cannon. It is the first cannon I ever found. "
That doesn't sound like someone with a lot of treasure salvage experience.
Raider21, you and I have our opinions and we know that there is other equipment available for finding treasure. Would someone with experience in treasure salvage use those tools to either find treasure or exclude countless hours of diving and blowing holes where nothing is located?
I think a smart person would. I am not saying that everyone knows everything in this business and I am not saying that SFRX has a bad operations manager. What I am saying is that if he is not familiar with other equipment. May be he should hire a consultant to help him learn about the other equipment?
My Great Grand Father had a saying. " Too soon we get old, too late we get smart."
SFRX if something isn't working. Would it hurt to try something new??
I believe that site #3 is a treasure wreck. Silver platters have been recovered that were linked to a specific 1715 wreck.
Why are we even talking about going back to the Juno site?
SFRX's PR even states that it may not be worth going back to Juno.