current site they are on (3 miles x 6 miles) has been explored for over 2 decades by them and their partners. They found very very little. And it’s in Florida state waters and it’s accepted in the industry that the state will not issue a Recovery Permit. That’s why real salvors stay away from state waters.
They’ll let you explore for decades but they will not allow for salvage and transfer of title. Plus, the wreck SFRX claims is there is a Spanish galleon, which does not have the right legal profile.
And yes, the share structure is awful.
Regardless, I asked about the collection of any pending judgment. You didn’t answer.
If the chance is somewhere between slim and none, good luck.
I’ll stick with real salvors with legal rights to their wrecks.
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