Seafarer Exploration Corp (SFRX)

[hedge_fun]

This is a fair post. Glad you called.....

the state like others have, though it's been a while. Does the time frame suggest site #3 is a bust though?

Well, another nice fairly long communication via ph w the state rep today.

I think i have a lot of good info to share as i asked a lot of questions and was answered in a very professional and courteous manner.

For starters, let's put to rest the new fantasy island 2 yrs number which has obviously been made up.
According to the state rep, once we satisfy the state w the 3 items a ships spike, a gold or silver coin, a ballast stone, a pottery shard, etc. They then have 30 days to get back to us w any questions or concerns about giving us the full salvage permit. Just as it was w the previous sites for which SFRX was granted full salvage permits. During this time DEP and ACOE have 30 days and 60 days respectively to get their work done.

So, in essence and a perfect world we could have the permit as early as 60 days but more than likely it would take 90 days give or take. Again, this information comes directly from the horses mouth, unlike some of the info which has been coming from the other end of the horse.

Of course it doesn't quite jive with your response in the following link, but for the most....that's a fair post. They need a full salvage permit first before you start talking 80/20 and selling things.

YES, w this permit we get to keep 80% of anything brought up.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104769243