Seafarer Exploration Corp (SFRX)

[hedge_fun]

Raider and I disagree about ownership at Juno.......

That's cool.

The Order by the Judge instructs the Clerk to close the case and says all other motions are moot.

SFRX is 100% owner of Juno. Like the Atocha, it's grandfathered. The ongoing salvage efforts at the Atocha and other grandfathered wrecks are not hampered with legal ramblings with Spain. It's settled and Spain didn't act in a timely manner.

After the ABA of 1987, which was enacted in 1988, that changed somewhat.

In the late 1990's Spain started making claims on wrecks suspected to be theirs and claimed Sovereign Immunity. The Supreme's upheld the 4th Circuit vs Sea Hunt and forever changed salvage law in the US.

The Bahamas doesn't recognize Sovereign Immunity in their territorial waters like the US does, but they only issue permits to qualified salvors. Spain cried about AllenX and The Maravillas, and the Bahamas told them to pound sand.

Back to Reynolds. He and Kyle have been told more than once by the FBAR that a Spanish vessel requires Spain's permission to be disturb, but Reynold's still says the unlocated vessels from the 1715 fleet is their targets without acknowledging permission would be needed.

Logic says, you ask first and if they say yes, that would be a material event, and I mean a biggie.

But it ain't going to happen.

What SFRX lacks is good research. Even if the tech works, it can't find what ain't there. SFRX has never shown the ability to take historical research and navigational data and go locate a wreck that had a valuable cargo that they had a clear path to title to.