Quote: Mel Fishers Treasures denies the Juno valuation Kyle…….
gave, and anyone who would believe such is a novice at best. A valuation is based on the value of known cargo not an anchor or nail size, so good luck with that Corp permit. They’ve never even ID the wreck.
After Kyle regurgitated the $15B valuation he claimed came from MFT once again, I went to the “alleged” source, and they EMPHATICALLY denied it.
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What the amateur minds fail to understand or prefer not to understand is the fact that the Juno wreck - the ballast pile is totally devoid of cannons. Based upon the size of the ballast pile, this ship would have been armed with no less than 40 plus cannons. No cannons, no treasure. Why? Because in all likelihood she was anchored and stripped with all content transferred onto another vessel or vessels. That's also why no other anchors but the one. A similar incident occurred with the Spanish plate fleet of 1691. The Almiranta of the fleet developed serious leaks beyond repair, thus with the sea reasonably calm, everything was transferred off of her before she sank.
The Juno Beach site by all indications is a ship that was scuttled. Not a ship that foundered or hit a reef and sank. All evidence spells this out but certainly not to a amateur outfit the likes of SFRX. Clearly in fifteen years they have learned little. As I have stated before, real experienced professionals such as Robert Marx, Duke Long and others spent considerable time diving and exploring this site and its surroundings and came up with nothing. Now SFRX with its silly "high tec" toy is going to (or has) survey the site and miraculously discover 14 billion (or whatever bullshit amount Kennedy has stated).
I have no objections or resentment towards anyone making money on these hot air balloon rides as this is what it's all about I suppose. As an observer here what I personally resent is all the misrepresentations, and intentionally misleading bullshit that's so eagerly thrown about for the sole purpose of pushing the stock up. Never facts, just gonna be wanna be speculations. So by all means enjoy the ride and make money but don't forget to wear your parachute.
