Apparently it's Da Claw vs The Scoop. An "allegation".....
exist that EXPL is a competitor of a shallow wreck treasure hunting company in Florida.
I wasn't aware EXPL was competing with anyone. They found a wreck, got the legal rights to it, are raising funds for operations at a fixed share price, and plan to return to the site soon.
And they have rights to the Black Marlin. Hopefully we get an update soon.
I think we should look for the registration to be declared effective and we can move forward.
Please note: This isn't a recommendation to buy, sell, short, go long, or even follow the stock. All shares I own were purchased by me and I have never been given shares or money by EXPL or it's affiliates, including but not limited to it's officers or directors. If I were compensated in any way I would disclosed it as required by Rule 17(b) of the Securities Act.
SECURITIES ACT OF 1933, Section 17(b)
(b) It shall be unlawful for any person, by the use of any means or instruments of transportation or communication in interstate commerce or by the use of the mails, to publish, give publicity to, or circulate any notice, circular, advertisement, newspaper, article, letter, investment service, or communication which, though not purporting to offer a security for sale, describes such security for a consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, without fully disclosing the receipt, whether past or prospective, of such consideration and the amount thereof.
