Folks... please take the time to reread this post below. It might give you some clarity as to where we are now...
medic425 Share Tuesday, March 06, 2012 7:52:01 PM
Re: None Post # of 13197
Hey guys here is my 3 emails with Bobby today. He answered me very prompt and was very professional. In email number 3 I included is out of courtesy I did ask him if I could share them with others. Enjoy everyone. UNDR is going to wake up very soon imo.
Emails
1.[/b.Date: Tue, 6 Mar 2012 10:40:36 -0500
Subject: shareholder
From: bobby777@rcn.com
To: Corry Eveland <********@gmail.com>
Hello Just wondering if we can expect a update soon?
Response: Sit tight. We expect some great things to "finally" happen. Read "all" the below info...
Few people take the opportunity to contact any public company...thinking not much attention will be paid to shareholders...but that is definitely not the case with our Company and me!
Please keep in mind...we are not just another salvage entity. In actuality, we are a technology company that has developed very unique equipment and know-how to do what no other company has the ability to do! This primarily relates to our patented technology known as ATLIS.
We are known as UnderSea Recovery Corporation (UNDR). Attached are two pdf formatted documents. One doc is our Overview of the Company and the second gives a three page brief on unaccounted gold and silver thought to still exist in the world's oceans...and then relates to what those metals could be worth in today's markets...at least as of 01-29-12 when we last updated bullion values of those two metals. With our ATLIS technology, excellent management and assembled experts in this field, a wonderful opportunity exists for us and our shareholders to make an impact in the world of salvage recovery...which is virtually everyone's fantasy, both young, old, male and female and this is true throughout the entire world!
We are a tiny public pinksheet company...virtually unknown to the media, but we expect a number of dramatic changes to take place during the coming months. Within that time, we expect to receive permits from Haiti, The Turks and Caicos Islands and, as well, Jamaica. These countries have territorial waters where many ships were lost when traveling thru what was then known as the trade routes. The same goes for The Bahamas where we expect to also have operations.
Numerous delays had taken their toll in Haiti because of that country's cholera epidemic...then with Baby Doc returning to stir things up...not to mention the earthquake last year and then the hurricane and, of course, the presidential election in that country and then the selection of a new Prime Minister and seating of their "new" cabinet, which took place about six weeks ago; we've had to deal with one thing after another...but that is about to change and we are hopeful to finally get signed contracts (a/k/a permits) within the next 60 to 90 days...give or take...and it could literally be much sooner.
We have also met numerous times with the Mexican government during the last couple of years...and they, too, were quite excited about the prospects of our ATLIS technology...but that country will probably take one or more years before anything happens with them. The political process in all countries is a lot to deal with, but Mexico is in a class all by itself, but associates we have known for 15 years are well-versed with all things involving "that" government. In terms of negotiations with any and all governments, UnderSea has never been involved in any under-the-table deals and/or any illicit situations and we have made that quite clear to all those with whom we have worked and will be working with.
The following relates to the two public companies in which we are involved:
Admiralty Holding Company (ADMH) - This company, formed in the late 1980s by most of the same individuals involved with UNDR...was originally purchased as a shell. Management lost control during April 2004, only to once again regain it on 05-30-07. A public ( pinksheets) company, its CEO is Herbert Leeming. Management of our other company, UNDR, created a licensing agreement with ADMH during 2009 relating to ATLIS. When taking back control of this company, we inherited an enormous amount of debt that came from the hedge fund called NIR Group located in Roslyn, NY. NIR did fund additional monies to ADMH but they stopped funding just when it was quite important for them to do so and that has resulted in an ongoing lawsuit.
Additionally...a major portion of the monies NIR did fund UNDR after we took back control was used to repay much of ADMH's outstanding debts. For the last number of years, NIR has been investigated by the SEC, FBI, IRS and the office of the NY State Attorney General for fraud and illicit operations. This lawsuit is nearing an end and the assets of NIR are being handled by a trustee out of the Cayman Islands...with whom we are working to finalize all aspects to what appears to be much to our benefit. At its conclusion, we will be able to figure out the most appropriate way in which to combine shareholders of ADMH into what has now become UnderSea Recovery Corporation (UNDR ). ADMH has a shareholder base of some 2,500 people. Most, if not all of these shareholders, already know about UNDR. At some point in time, ADMH shareholders will become UNDR shareholders, but this is a constantly moving target and we are not yet able to project when that will take place...but feel it will be sooner than later. In any event, it will either be merged into UNDR or shareholders will become UNDR shareholders on some yet-to-be-created basis.
UnderSea Recovery Corporation (UNDR) - This is our other public company and the main one in which we are involved. It was purchased as a shell more than six years ago. The website ( www.undersearecovery.com) is continuously upgraded and you should take a look and read-thru it. The name change, officially approved by FINRA (the Financial Industry Regulatory Authority) was in July 2010 and on 12-07-10 we rec'd approval for the new symbol, which is UNDR. As with ADMH, Herbert Leeming is also CEO of this company.
OUR UNIQUE TECHNOLOGY
The main focus of UNDR is our technology known as ATLIS, currently owned by ADMH...which we also control 100%. We have complete operational control of this because of a licensing agreement (and our management also controls both companies that were party to this agreement). ADMH licensed this technology to LGAL during early 2009 and has complete and exclusive control of it. Besides...our scientist (originally the senior research physicist from Georgia Tech Institute of Technology) developed this technology. We currently have five patents.
Here are some thoughts on how this technology works; it has the ability to find and differentiate between metals, specifically, nonferrous metals, which are those that are precious...and the ferrous metals...like iron, etc. It has been developed to work in the oceans and is not able to find tiny quantities of gold such has would be the case in mining...when talking about grams, which is a tiny amount; ATLIS can find a single coin or coins, ingots and/or jewelry, etc...
Assume you are placed on a 1 square mile section of the desert and told that several valuable gold and silver coins and many more pieces of iron were scattered throughout it and you've been asked to find the coins. The sand in this one square mile section is only six inches deep and is not packed down (it's loose like that on most beaches). With that information, you now consider suitable methods by which you can search for the coins. As such, you purchase a hand-held metal detector and a rake made special for scouring thru sand. You then devise a plan to search this section of the desert.
The search method you would develop is called a "grid"…and the plan is to walk in a straight line, moving the detector to your left and then to your right, covering only six feet (in other words, three feet on each side of a straight line that runs directly in front of you as you walk). As you move in a forward direction, if you detect the presence of any iron objects (which is what the detector can find), you proceed to rake down into the sand hoping a gold or silver coin will be in close proximity of the iron piece or pieces you detected. After walking in this straight line for a couple of hours you realize this will be a very slow process. Keep in mind, hand-held metal detectors, though they can sense gold, iron and/or iron, cannot differentiate one from the other...the reason you have to use the rake to see if any gold and silver are lying in the vicinity of the metal(s) you have detected.
Another thing to understand about our ATLIS equipment when searching for nonferrous metals in the oceans; it is the only technology that both detects and “differentiates” between all ferrous (iron-based) and those of gold, silver and platinum. Additionally, it will distinguish between 18 karat and 24 karat gold.
OK...getting back to the beach situation: the grid you created in this one square mile of sand is equal-sided and extends 5,280 feet in each direction. Anyway, on this basis, searching and raking when you think there might be gold or silver nearby, you'll probably cover no more than about 20 feet each minute. At this speed and searching rate of three feet on your left and right, you will cover the first linear mile in roughly four and half hours...assuming you didn't stop to rake up a lot of sand, thinking you may have found a coin or coins.
After searching along the first linear mile of the grid, you turn around and consider starting back, covering the next six feet; however, it is evident that on your way back, you need to overlap (about) six inches of the area already searched...just in case you may have missed any coins in your sweep down the first line. Doing this, you are effectively covering "only" five feet six inches as you move in straight lines within the grid you have created. On this basis, you will need to make 960 “up and down” passes to cover the entire one square mile of this section of sand. This means it will take a total of 4,224 hours to effectively search "only" one square mile. On this basis, working a 10-hour, 6-day week, it will take 422 days, or 70 weeks (one and a third years) to search the entire one square mile of sand. And, when comparing this to being under water with scuba gear and limited air supplies, not to mention that in addition, the sand would be mixed with all sorts of debris, you begin to get an idea of the extremely difficult process involved in searching for precious metals lost in the world's oceans.
The bottom line of this completely hypothetical scenario is this: detecting iron-based metals in an attempt to find gold or silver that may have been scattered along with it when lost, is totally inefficient, time-consuming and extremely costly...primarily because most so-called hits of iron-based metals are probably not located within the immediate area of gold or silver (if, in fact, there are any of these precious metals nearby to begin with).
One primary reason we developed the ATLIS technology was to approach the search and site-assessment phases in a highly systematic and professional manner. Typically...salvors using magnetometers (also called mags) are plagued with a very large quantity of false positive targets, most requiring the search ship floating on top of the water to be moored (secured to the ocean floor) and divers deployed, hoping gold and/or silver will be found in close proximity to any iron that was detected by mags (remember...mags can only detect iron-based objects to the total exclusion of nonferrous objects such as gold and/or silver). Over the course of many months and years, such false positives will probably yield little or nothing more than rusted iron cannon of yore. And over these long periods of time, repeated failures in an attempt to find any treasure quickly depletes even the wealthiest of salvors…as is almost always the case.
The above illustrates the rationale behind development of ATLIS and the commercial need for detection of nonferrous materials such as gold and silver and in some instances...platinum. When searching specific geographic areas for historic shipwrecks, we methodically follow a prescribed grid and initially utilize conventional towed technologies such as mags, side-scan sonar and sub-bottom profiling apparatus. Grids using these instruments often cover areas of one square mile or larger. Following use of these conventional instruments, ATLIS is then deployed to precisely determine the locations of precious metals. Grids utilizing ATLIS will initially cover much smaller areas, called sections, with each section covering no more than, say, one or two thousand square feet of sea floor. As each section is completed, ATLIS is moved to an adjoining or new section (with some overlap). These smaller sections will be the case "only" with the 1st generation model which is diver-manipulated. Newer (2nd and 3rd) generation more advanced models, already in the design stage, will be towed behind boats covering much larger sections/areas than those using 1st generation models. Advanced towed models (behind a boat) will move at speeds approaching seven (7) knots per hour, which means they'll cover more sea floor area in far less time and their perception abilities thru the seafloor will extend to the range of about twenty (20) feet.
With this remote-sensing data, we can better design and apply archaeologically and environmentally sound methods for recovery of precious metals and other valuable materials within historic shipwreck sites. It is also important to point out that...even when gold and silver is identified, if quantities are shown to be insignificant and not commensurate with the projected cost of recovery (which can easily be figured), we have the option of moving to targets where the amount of precious metals will warrant recovery operations (cherry-picking). This ability of ATLIS to precisely detect the location of these metals is what makes our technology so unique and highly valuable for both the company and its shareholders.
It is estimated there are roughly 9,000+ so-called historic shipwrecks scattered throughout the world, with a large quantity located in the Caribbean. It is said by those who have studied the history of such wrecks, that more than 90 percent of those ships went down in what is considered to be shallow water (30 to 100 feet of depth) and within sight of land. This was due to those ships breaking up on reefs and rocks...often the result of carrying too much precious metal that weighed enormous amounts...making the ships sit much lower in the water; that resulted in the bottom of those ships coming into contact with coral, rocks and anything that could cause them to sink.
One additional thought, we are very much moving forward with some foreign investors whom we have worked with in the past and expect to complete said funding fairly soon. More than this I am not permitted to say, but things are moving quite well for the first time in many years.
After reading this rather long email message and the 2 attachments, it would not surprise me if you had a few questions. That being the case...don't hesitate calling or putting an email together and sending it to me like the one that got me to send you this rather long response. Have a great day!
BOBBY G
VP - Business Development
UnderSea Recovery Corporation (UNDR)
undersearecovery.com/
Phone (1-212) 628-8777
eFax (1-212) 898-1166
bobby777@rcn.com
2nd email
CORRY: 03-06-12 @ 05:52 pm EST
Date: Tue, 6 Mar 2012 17:32:09 -0500
Subject: Re: RESPONDING - YOUR EMAIL on 03-06-12
From:BOBBY GOLDMAN <bobby777@rcn.com>
To: Corry Eveland <********@gmail.com>
Thank you so much for a detailed response.
Response: It was my pleasure to share the information with you. When can we expect a PR? ResponseAs soon as we have something specific to tell our shareholders...you will receive it from me now that you are on my UNDR email list. Thanks again usually do not get emails back.Response As stated in the beginning of my initial message to you, I am quite aware of that and find it quite annoying when as a previous shareholder of several companies in the past, I was not given appropriate responses to questions I felt were important.
BOBBY G
VP - Business Development
UnderSea Recovery Corporation (UNDR)
undersearecovery.com/
Phone (1-212) 628-8777
eFax (1-212) 898-1166
bobby777@rcn.com
Last Email
CORRY: 03-06-12 @ 06:25 pm EST
Date: Tue, 6 Mar 2012 18:16:16 -0500
Subject: Re: RESPONDING AGAIN - YOUR 2nd EMAIL on 03-06-12
From: BOBBY GOLDMAN <bobby777@rcn.com>
To: Corry Eveland <*******@gmail.com>
Wisdom isn't the acquisition of knowledge.
It is knowing which knowledge is worth knowing.
Thanks do you mind if I share some exerts on the company with some other investor?.
Response: Not at all. Share all that I've sent you and if there are any questions and I can answer some of them, give me a call and we'll go from there. This response means a lot to a shareholder. ReplyBelieve me...I know that!!!
BOBBY G
VP - Business Development
UnderSea Recovery Corporation (UNDR)
undersearecovery.com/
Phone (1-212) 628-8777 eFax (1-212) 898-1166
bobby777@rcn.com
