Seafarer Exploration Corp (SFRX)

[Win4me]

1. I know you and others feel old posts have no relevance. Are you kidding?
2. You and Hangover sort of 'lit your hair on fire' when I posted about the video and someone torpedoing Juno (thanks to those correcting me, NOT Lantana)and upon reading my absolute favorite SFRX poster "Saltydog1733" its pretty obvious the wrong torpedo was used. They pretty much need the navy with real torpedos and depth charges to go thru 30 to 50 ft of sand. 40ft X 100ft X 100ft is 15,000 yards to displace.
3. Saltydog's posts below are grouped and start in 2009, dates removed and might be out of order. His profile has them all. Some are responses to other posts.
4. I know the SFRX judgement has been posted repeatedly and "they will defend against posters" blah blahing on the internet.
5. Fact is Salty's first post is August 18th 2009, I don't see Seafarer taking him to court over his posts and IMO they are smart enough to leave this old rattlesnake with over 30 years experience alone.
6. Hangovertrading, your response to me "bring on the DD", hopefully this is a start of what you expected?
7. Everyone should determine what they want to believe.

Saltydog:

The fact is that the Junobeach wreck was first discovered back in the 1950's, that an admiralty arrest was issued in 1988 and various groups have worked the site ever since, including some very successful salvagers, AND NO TREASURE HAS BEEN FOUND. McKee, Marx and Molinar all unsuccessful. Yes, there is a shipwreck there. Every scuba diver in Palm Beach county has been on it. But unfortunately the ship was not carrying treasure. Even though it took Mel Fischer 18 years to find Atocha motherlode, he was still finding bits and pieces of treasure right from the beginning.

The identity has never been determined, which is pretty much the norm for shipwrecks this old and scattered. Some people think it may be the Santa Margarita, which Potter listed as a "ghost ship."

first, treasure has to exist on the wrecksite and then the divers have to find it, and finally they can photograph it. but sense the first scenario is not a reality, the second and third never will be.

I don't own any sfrx stock. My money would be better served given to the homeless guy sitting on the curb at the Kwiky-Mart.
I am a native Palm Beach county resident and former commercial diver and spent many years exploring in the vicinity of the Junobeach wreck, before I moved on down to salvage in the keys.
Keep wishing and maybe after 30 years of looking, the treasure galleon will mysteriuously appear

go to sebastion and vero and ft peirce for treasure. go to jupiter inlet. go to the keys. go to cape canaveral. but there isn't any at juno beach-just a supply boat sailing from havana to st augustine.

other sites? like????
you obviusly have no idea what is going on in politics regarding treasure hunting all over the world but esp. in the US. restrictive laws, Spain claims all their ships are never abandoned, archeologists screaming "looters" etc...

there are no more sites to choose from unless they get off there butts and start searching in Federal/Intl waters themselves and they better find a pirate ship because as soon as you say SPANISH GALLEON you are in deep doo-doo.

do some research before you make foolish statements.
and all the shipwreck sites that have been "grandfathered in" are all worked to death. Bits and pieces left.

Why they settled on the Juno site which facts not judgement show was NOT a treasure wreck and thus has never produced any treasure...oh wait, I think I know why..................Do YOU know the ship's name? If someone told you they have identified the ship off Junobeach, they are lying to you.
I registered here because someone alerted me to what I feel is misinformation about the shipwreck.
I am glad you realize it is speculative, but there are a number of "surer bets" available in the same industry....DO YOUR HOMEWORK

paperboy wrote: Show me reasearch that says it is not a treasure wreck.
I can do better than that. I can show you no treasure! None has ever been found after 33 years of exploration of the site. How many more years of no treasure being found do you need to convince you?

paperboy wrote: Magnotometer readings as you know are inconclusive at best. They just give you a rough estimate of where some metal may be.
It's spelled magnetometer. And the results from a proper mag survey are not "inconclusive at best." It is obvious you have never used such a device and know nothing about them. The software on today's magnetometers will PINPOINT the exact location of any ferrous anomaly. There is nothing inconclusive about that. All you have to do is dig it up

1) I read somewhere (was it here?) that Seafarers signed a 3 year agreement with Mr. Laird. They did not. It is a 1 year agreement that expires in 2011. (tic-toc)

2) If Seafarer did have permission to just go "explore," why aren't they doing so? I work at the marina located not even 1/4 of a mile south of the Seafarer dive house on US1. The boats never leave the dock, and when they do, it is to go party on Peanut Island or the Loxahatchee river sandbar. No one is doing any exploring and hasn't for many, many months. They do have lots of parties and riff-raff hanging out there however.

3) FTC could be right. Many people within the treasure hunting community have speculated that the anchor and other artifacts found on the Juno Beach site are what fell from the bottom of the ship as it started breaking up, before it hit shore about 3 miles to the north. This is not unheard of. The Atocha scatter trail is 11 miles long and some 1715 fleet wrecks have 3-4 mile long scatter trails. The Juno Beach site is not as old as Seafarer leads you to believe. The Jupiter inlet wreck is from 1659 and may of the objects found there are similar to the Juno site.

There wasn't any treasure on the Juno Beach wreck when Nelson Wait first discovered the site in 1977. There wasnt any treasure on it when a extensive salvage operation was started in 1988 (see link to article) and guess what folks...there isnt any treasure on it now, 33 years after the site was discovered. Because there isn't any

From the Motley Fool, 17, Oct., 2010. (It's as if they had SFRX specifically in mind when writing this)

"The penny stock universe is an exceptionally dangerous place to be. Con artists can manipulate penny stock prices easily, since the companies involved are small, with relatively few shares. The online world has made it easier still, as stocks can be hyped via email, forums and elsewhere, sending share prices up sharply as naive investors pile in. Then the hyper sells his shares, before the price collapses. You're best off simply steering clear. Many penny stocks are trading on promises and possibilities (oil or gold discoveries are around the corner; imminent cures for cancer), not on robust balance sheets and track records of profitability. Remember that great investments don't go trolling for buyers."

Oh, then there are those nagging facts that never go away like 1) no treasure has EVER been found on the Juno site 2) there is no archival or archaeological evidence to support the site as being a treasure wreck 3) the sand covering the site is 30-50 feet deep in many places 4) Seafarer has no permit and gloomy prospects for a permit in the future 5) even with a permit, they do not have & will never have the equipment to excavate that deep or ever get Army Corp permission/permit to dig that deep 6) they have no proven track record of anything other than mis-management and buffonery

The Juno Beach 'site' was first discovered back in 1977 by Nelson Wait, when he found an anchor in 74 feet of water. Nelson didn't know he had found a wreck site-just an anchor-and the area was only sporadically explored during the next 10 years.

Finally, in October of 1987, Nelson started a company with Victor Benilous called Artifacts/Treasure Services Inc. One month later the company was voluntarily dissolved. That same month, ARS, Archaeological Recovery Services, was started. (When trying to get permits from the government, it helps if you use terms like "archaeological" and not "treasure" in the company name) That business lasted until 1993.

However, from 1989 to 1992, Nelson and his wife had their own company to explore the site called The Last Galleon Ltd. Jud Laird may have been involved at this time but his name doesn't appear in company records. Despite many, many exploratory dives made, NO TREASURE OR CANNONS OR ANY SIGNIFICANT ARTIFACTS WERE EVER FOUND BETWEEN 1977 AND 1992. Mr. Wait was still living in the West Palm area when I talked to him about this myself.
In 1993, Tulco Resources, under Jud Laird, was started. A mag survey was done, with over 1400 "targets" identified. Most of these are junk targets, old lobster traps, metals cans, fishing gear, dredge pipes, etc, as the wreck site is in a major boating/shipping lane. A number of interesting artifacts were found from 1993 until 2009 but again, NO TREASURE. NO CANNONS. Why? It wasn't carrying any treasure and thus it didn't need many cannon to arm itself.
It is an old ship indeed. But the minority of old wooden sailing ships, not the majority, were treasure ships. Another tell-tale clue is its distance from shore-just a little more than a mile. Ships using the strong, northerly flowing gulf stream current traveled much further offshore-usually at least 2 leagues (6 miles) in this part of the Florida straits. Vessels traveling south hugged the coast to avoid the northerly flowing currents, as this one was doing when it sank.
The Juno Beach wreck is much more likely to be a trading/merchant vessel traveling between St Augustine and Havana.

I haven't only done my research on the Juno beach wreck site, I have explored it via hundreds of dives since the late 1980s. I have talked to many other people who have personally investigated the site since it was "first discovered in 1977."

I put that last part in quotes because there is very strong evidence (again through research), that the site was actually found back in the 1950's. That would be shortly after the Aqualung was invented. Where else to try a new invention that allows you to breath underwater than the crystal clear and warm waters off Palm beach county?
Those divers from the 1950/60's found an anchor and lots of artifacts associated with a 16th century wooden sailing ship, but no gold, no silver, no coins, no cannon. The anchor they found was of the same size and period of the one sitting on the bottom right now at the wreck site. I have many other supporting doccuments but will only post this one:

http://forum.treasurenet.com/index.php/topic,369940.0.html
Saltydog1733

Yes, I have dove a number of the 1733 wreck sites.
By the way, per my link in my previous posting, for those of you not from Florida, Riviera Beach is the area to the north of the Palm Beach (Lake Worth) inlet. Riviera Beach was incorporated in 1922 and that stretch of coast north until almost Jupiter was referred to by that name.
Juno Beach was not incorporated until 1953, so no one prior to about 1960 referred to the area by that name.

Northofadollar posted:
"I'm 99% sure we will get treasure from Juno"
Really? Other than a fantasy of yours, what sir, do you base that on? (I already know the answer...until today, 12/17/2010, there isn't any archival, archaeological, geological, or other physical proof of any treasure being at the Juno site)
The only one legitimately making any money on this deal is Mr. Laird, who basically rented out a barren area of seafloor for $60K

I think they had Seafarers in mind when they made the movie "The Pirates Who Don't Do Anything."

The 1715 fleet wrecks were 1st discovered in the late 1950's and salvors are still finding incredible treasures to this day.
The Atocha, part of the debris trail first discovered in 1970, still yields treasure on an almost daily basis.
Hundreds of coins have been found on the Jupiter wreck, discovered in the early 1980's, over the last few years.
Even a pirate in the Bahamas, working clandestinely, can find treasure from the worked out Maravilla wreck, found in 1972.
And on the Juno Beach wreck, first discovered in 1977.....NADA. ZIP. ZILCH. NOTHING. Hmmmm.
But it's definitely a treasure wreck!!!! (or so goes the cry) We know this because of all the treasure that has been found. Well wait, that can't be right. Oh, because we have a copy of the ship's manifest. Wait, we don't have that either. We don't even have ship name. Or even a potential name. But you know those darn Spaniards, they were terrible record keepers. I know, It must be buried under 30 feet of sand! How convenient!
So "allegedly" a handful of days were spent last year digging with the m/v Virgilona. They couldn't hit bottom using that vessel. Nothing was found. And now the Virgilona is going away-Mr. Keith Webb has much better use for it on the productive Santa Margarita shipwreck. So that leaves the permit-less Seafarers, on a treasure wreck without treasure with the rust bucket vessel Iron Maiden, which couldn't dig it's way out of a wet paper bag. Good luck to yer!
And has anyone bothered to read the drivel at the top of this forum? Is a 14 year old kid writing those "releases?"

What are they feeding the Virgalona...it keeps getting longer every year? When I worked on her back in the early 80's, she was only 51 feet long.

8. Yup, my absolute favorite arrrrgggh poster here.