Endurance Exploration Group Inc (EXPL)

[hedge_fun]

Financial reports are available to shareholders that.....,

request them, as required by law within EXPL’s jurisdiction.

Provide proof of ownership of shares and you can obtain reports. The claim EXPL is defunct is beyond laughable. Defunct companies don’t locate shipwrecks and bring up the rarest of American coins.

Nor do they modify equipment for deep water salvage and test it at 3000 meters. Or do a deep water project for the History Channel that will air in a couple of weeks.

It was unfortunate that the SEC accused Spartan and 3 others of some grand scheme. It was akin to Russia, Russia, Russia if you know what I mean.

Lopez was completely exonerated of 14 charges. The jury rejected 12 of 13 charges against Dilley, and 11 of 12 against Micah were also rejected.

Post verdict motions have been filed and the Judge could toss the liable verdicts against Micah and Dilley. She has the power to do so. We’ll know soon, but not soon enough.

Micah chose to save the $50K or so annual cost to file with the SEC and put that money to use in operations. He’s put around $1MM of his own money and did all he could do to keep the lights on. It’s starting to pay off, but the mission continues regardless of the claims being made.

I’m sure he’s aware of the changes to the rules regarding EXPL being quoted. There are options available, such as filing either with the SEC or OTC. There are other options as well. We’ll see what happens.

It’s also unfortunate folks attempt to equate DARK or non reporting to fraud. The SEC doesn’t even say that. I happen to like the rule change.

An Ihub member was recently charged by the SEC with manipulation of a non filer and was posting and claiming the CEO was telling him things were in the works and updates would come at any time.

The CEO contacted the SEC and explained their venture failed and they were in fact defunct, so the Ihub member was charged.

The rule change is not an indictment of non filers. That’s a bull shit suggestion.

The OTC is full of clowns, but Micah ain’t one of them. He’s the largest common shareholder, and CAIRD owns around 20%. They were involved along with Eclipse Group in the History Channel project.

Micah and our partners stand to lose millions if this fails. There is no sign that it is, unless your sole focus is the share price, volume, and the rule change.

The share price and volume I believe would increase if/when filings are submitted. But again, there are other options available.

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