Hi Mike....I Can Handle Some Of That Regarding
Divisions. The last division was around Jan 2011. With that division, stock price was close to a penny. Diving resumed, with more treasures recovered including 3 highly rare 3 Reale coins. Diving was on and off depending on when funds were available. Then in March 2013, DB obtained investors from the UK, and there was a full 6 months of successful diving.
So there would actually be two division being criminally withheld. The first includes items recovered from Jan 2011 until Feb 2013. And the second from that March to Sept 2013 season, which I'm sure the UK investors are due a percentage of.
Important to remember that DB is not the only one being screwed by the DR. All " treasure hunters" .....including Global Marine and Capt Tracy Bowden are also having divisions withheld and being prevented from diving. In Capt Tracy's case, he has been working there for 40 years with no problems. And with GME, their division was split with the Punta Canta Foundation, so the DR is actually holding back treasure from themselves.
As for the "millions raised by the company through the sale of stock that went who knows where", don't fall into the trap of thinking that all the costs and expenses of running this company for almost 10 years were free. Jeez.
And more than half the current outstanding shares were sold to fund the construction of the museum. Yes it failed, but DBs commitment to it led to them getting their own contract.
I still don't know exactly the details, but the President was the same when the contracts were issued and diving was taking place. I had heard there were a few people causing problems, and the last one was removed in August and not yet replaced. I also know that DB has a Dominican lawyer who is still in contact with officials there.
What I don't know is where the treasure recovered by all said companies is right now. It could have "disappeared", which would explain the hold ups and rumors I have heard of attempts by the DR to work out cash settlements.
Whatever the outcome, the important thing to remember is that what the Dominican officials have done is WRONG.....both ethically and criminally. What I do know is when this is finally settled, Capt Billy and crew are ready to get back to work, with the best part being that they already know where the treasure is.....on four different sites!
Hope that helps a little....Neb
