Endurance Exploration Group Inc (EXPL)

[hedge_fun]

Micah has invested more than anyone and kept things moving forward the past years.

EXPL issued 12MM shares to the JV for the rights to the wrecks and the Bluefin.

GMAR will assign and transfer to the JV all of its rights, title, and intellectual property including sonar data, photographic data, research, agreements, and all other intellectual property relating to a number of shipwrecks which have been previously located by GMAR; and, the same data and rights concerning a specified, non-located shipwreck (“Primary Target”) having been extensively searched for by GMAR.

EXPL notes that the replacement cost for a new General Dynamics Bluefin 12D AUV system, with similar features, is estimated to exceed three million dollars.

So we run into issues on the Connaught and go back to the drawing board and create the giant claw, and here comes GMAR with a ton of research and the need for the claw.

It was said on Facebook that Eclipse would spearhead operations for the JV, and as of 6/30 they still owed us $350K in services.

If GMAR has money......hmmmmm.

Interesting development. Hopefully it pays off for all of us soon, especially Micah.