InvestorsHub Logo
Followers 22
Posts 5895
Boards Moderated 0
Alias Born 06/07/2007

Re: Gulfbreeze post# 1742

Tuesday, 07/03/2007 10:16:30 AM

Tuesday, July 03, 2007 10:16:30 AM

Post# of 41960
Gulfbreeze, this is all I have copied for the DR regarding a %


As far as the question about Tracy Bowden not bringing this wreck up himself if it was any good. Mr. Bowden is 69 years old and ready to retire in a few years. He is committed to 3 other wrecks right now, and as he says, there isn’t enough time left for him to get to everything he has found. He has worked these waters since 1975, and has discovered more wrecks than any other man alive. He has had the exclusive contract for his area since 1975. He cannot possibly do it all in the rest of his life, and I know I won’t do it all in the rest of mine, but no one else can recover a wreck in his areas. They are protected by the Navy and if you pick up one thing from the ocean floor in his area you go to jail. There are a lot of wrecks in the waters in his area. We have the equivalent of a level 7 permit there: we dive it, film it, map it and bring it up. It then is logged as our discovery by the Navy officer on board our boat, goes to the government head reclamation and restoration facility where they restore it, and we pick up our share (and it is significant but not to be released to the public) every 30 days, or every 60 days or every 90 days whichever we decide. The government gives us an export certificate and a certificate of authenticity and ownership, and we bring it home.


Rock out with your Stock out. :)>