The salvage industry in general is high risk……and
if you think my view or comments about SFRX are going to change the trajectory of the company then you’re delusional.
If they’re on top of treasure, then what I post, be it positive or negative is of no consequence.
Just like what Buc posted was of no consequence. He simply stated SFRX did NOT have a Recovery Permit for Melbourne. For a year SFRX filed with the SEC that they did have a Recovery Permit. If Buc had not posted what he did would it would have made ZERO difference in the outcome at Melbourne or the status of the permit.
If they have data they would like to share it might present a starting point for me to change my view of the Juno project, but what they filed over a decade ago is all I need to know until then.
Juno Beach Shipwreck Site
The Company has previously performed exploration and recovery operations at what it believes to be a shipwreck site located off of the coast of Florida in northern Palm Beach County, more specifically in an area known as “Juno Beach” (the “Juno Beach Shipwreck”). The Company believes that it is possible that the Juno Beach shipwreck site may potentially contain remnants of a sunken Spanish ship; however, the Company does not have definitive evidence of the ship’s country of origin. Due to the fact that the Company does not currently have sufficient data to positively identify the potential Juno Beach shipwreck, or its country of origin, it is not possible to determine whether or not the ship was originally carrying cargo of any significant value. Only remnants and scattered pieces of a sunken ship have been located to date, no main shipwreck body has been located. It is also possible that a ship began to break up on the site but the body of the ship actually sank in another area that is outside of the designated Juno Beach site and all that was left on the Juno Beach site were scattered remnants of the original ship that have little or no archeological or actual value. There is a possibility that there are not any artifacts of significant value located on the Juno Beach shipwreck site. The chance that the Company will ultimately recover valuable artifacts or treasure from the Juno Beach shipwreck site is very remote.
Furthermore, many of the historical ships from the 1500s to the 1700s that sank off of the coast of Florida were not carrying treasure or other valuable cargo. It is possible that the cargo the ship was originally carrying, if any, had little or no value at the time that the ship sank. Many ships of this period were supply ships that carried cargo such as food stores, water, supplies, etc., and if found, this type of cargo would more than likely be completely worthless in modern times.
GL with the first PR.
It’s all about the PR, right?
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